Are there any tax exemptions for the treatment of mental health issues?
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How to invest in tax-saving FDs: Individuals and Hindu Undivided Families (HUFs) are eligible to open tax-saving bank FDs. You have the choice to open a tax-saving FD either with a bank where you currently maintain a savings account or opt for another bank altogether.
The allure of immediate tax savings often overshadowed the importance of long-term goals leading to a lot of pain when the requirements actually arrived.
Equity-linked tax savings schemes, the only pure equity investment in the Section 80C basket of eligible tax saving instruments, got net inflows of just Rs 3773 crore last year, the third least flows among 11 equity fund categories. The 3-year lock-in was the impediment.
One thing which most of the salaried employees often ignore is having a salary structure that rewards you with maximum tax saving based on your spending preferences. A new salary hike or revision is an opportunity for you to ensure that it is structured in a way that helps you in minimising your income tax outgo. We tell you how you can ensure that your salary is tax efficient.