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India Business News: EPF contributions offer tax benefits under Section 80C, with deductions limited to Rs 1.5 lakh annually. Interest earned is tax-exempt within Rs 2.5 l
Income Tax Act provides certain avenues to save tax by investing funds in specified securities like PPF, LIC premiums, fixed deposits, ELSS , ULIP, NSC, etc; Income Tax Saving: Just 1 Day Left For March 31 Deadline, Know What Experts Say
Financial Literacy News: Tax-saving time is here. You have until March 31, 2024, to finalize your tax-saving plans for the 2023-24 financial year. If you're sticking to the old tax rules, there are plenty of deductions and exemptions to help you save on income tax.
From curbs on Paytm Payments Bank accounts to planning of investments to save taxes to paying advance taxes, a lot is happening this month. Here’s what to watch for.
Tax planning: In a hurry to save on taxes under section 80C, which offers tax deductions of up to Rs 1.5 lakh on certain instruments, including life insurance premiums, many end up buying products such as endowment plans and unit-linked insurance policies (Ulips) that they do not necessarily need.