வருமானம் வரி சேமித்தல் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from வருமானம் வரி சேமித்தல். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In வருமானம் வரி சேமித்தல் Today - Breaking & Trending Today

Using only 80C for tax saving? New tax regime may be beneficial for you at this income

(Tax-savings are inclusive of cess at 4 per cent)
Alternatively, suppose your gross total income for FY 2020-21 is Rs 10.5 lakh. By claiming a deduction of Rs 1.5 lakh under section 80C, your net taxable income reduces to Rs 9 lakh. By claiming the deduction, you will now be in the 20% tax bracket instead of the 30% bracket.
5 popular investment avenues for tax deduction under Section 80C
Autoplay1 of 7
Commonly-availed tax-savers
One of the most common deductions available under the Income-tax Act, 1961 is section 80C. The deduction under 80C can be claimed only if an individual opts for the old/existing tax regime in a financial year. If he/she opts for the new concessional tax regime, then he/she will not be eligible to claim these deductions. ....

Employee Provident Fund , Public Provident Fund , Income Tax Act , Super Senior Citizen , Income Tax Saving , Tax Regime , Income Tax , Section 80c , Tax Saving , Tax Slab , Income Tax Regime , ஊழியர் வருங்கால நிதி , பொது வருங்கால நிதி , வருமானம் வரி நாடகம் , அருமை மூத்தவர் குடிமகன் , வருமானம் வரி சேமித்தல் , வரி ஆட்சி , வருமானம் வரி , வரி சேமித்தல் , வரி ஸ்லாப் , வருமானம் வரி ஆட்சி ,

Tax saving: How section 80C of the Income-tax Act works

Synopsis
Deduction under section 80C of the Income-tax Act, 1961 can reduce up to Rs 1.5 lakh from the gross total income in a financial year. Here is how this section works and can help you save tax in a financial year.
Getty Images
Eligible investment instruments include Employees Provident Fund (EPF), Public Provident Fund (PPF) etc.
One of the most common deductions available under the Income-tax Act, 1961 is section 80C.
The deduction under this section can be claimed only if an individual opts for the old/existing tax regime in a financial year. On the other hand, if an individual opts for the new concessional tax regime, then the individual will not be able to claim deduction under this section. ....

National Pension System , National Savings Certificate , Employee Provident Fund , Public Provident Fund , Income Tax Act , Sukanya Samriddhi Savings Scheme , Senior Citizen Savings Scheme , Income Tax Saving , Section 80c , Tax Saving , Income Tax , தேசிய ஓய்வூதியம் அமைப்பு , தேசிய சேமிப்பு சிஇஆர்டிஐஎஃப்ஐசிஏடிஇ , ஊழியர் வருங்கால நிதி , பொது வருங்கால நிதி , வருமானம் வரி நாடகம் , சுகன்யா சாமிரிட்தி சேமிப்பு திட்டம் , மூத்தவர் குடிமகன் சேமிப்பு திட்டம் , வருமானம் வரி சேமித்தல் , வரி சேமித்தல் , வருமானம் வரி ,

Tax planning tips for professionals

Story outline
This is the ideal starting point for effective tax planning.
Once you have a sense of your family’s expected tax liability, you can accordingly find ways to reduce it using tax saving instruments.
Amit is a young interior designer and works on projects as a consultant. Though the financial year is drawing to a close, he has not yet completed his tax planning. The wealth manager from his bank, many mutual fund advisers and insurance agents have started pushing for various tax saving products, but Amit is not sure where to invest. He regrets the previous rushed approach of simply choosing the most convenient product option, which led to a higher tax liability, wrong product choice, delayed tax filings and imposition of penalties for wrong estimation of tax. He wonders if there are some basic things he can do to plan his taxes in a more systematic and organised manner. ....

Income Tax Savings , Income Tax , Tax Saving Tips , Tax Planning , Income Tax Saving , வருமானம் வரி சேமிப்பு , வருமானம் வரி , வரி சேமித்தல் உதவிக்குறிப்புகள் , வரி திட்டமிடல் , வருமானம் வரி சேமித்தல் ,