Thinking of saving on taxes? You must already know about deductions applicable under Section 80C which cover most of the commonly made investments that we make. Yet, there are several other tax-saving options other than deductions under Section 80C that you should certainly consider. Here’s taking a closer look at the same: National Pension System […]
Personal Financial Planning
A simple guide to saving taxes for FY2019-20 in the old regime
Considering saving taxes for FY2019-20 under the previous regime? You must already know that the new regime, which is optional, does away with most deductions while enabling higher tax breaks at the same time. Yet, comparatively, if you feel that the old regime will reap you the highest rewards, then you can choose to continue […]
The old and new taxation systems explained- Which one should you choose?
The Union Budget 2020-21 saw a major announcement by the Central Government with regard to the taxation system for individual taxpayers. Now, there is an old regime and new regime in place, any of which can be chosen by taxpayers while filing their returns. Which one should you pick? Here’s shedding some light on the […]
Will the upcoming Budget usher in personal income tax changes? Here’s looking at major expectations
A number of proposals have been received by the finance minister and many proposals have been received with multifarious suggestions. Some experts have suggested not messing with the personal tax rates while others preferred that the personal tax rates be reduced and brought in line with the corporate tax rate. Expectations on corporate taxes were […]
Should you make a new investment or use surplus funds to pay off your current home loan?
One of the biggest questions plaguing most home loan borrowers is whether to repay their home loan earlier with surplus funds (read bonuses/windfall gains) or whether to invest the same in investing anew for the future. The entire perspective can be truly subjective in this case but there are a few things that you must […]
