Fri, Jul 05, 2024
NSC vs Mutual Funds Lumpsum: While you get a fixed return in National Savings Certificates (NSC) on a one-time investment, the return of a mutual fund investment through the lump sum option is market-linked. The NSC is a guaranteed return scheme; returns in mutual funds depend on the return on equity and other market instruments in which it has invested its money.
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Wed, Jul 03, 2024
Tax exemption benefits: Section 80C of the Income Tax Act is quite a popular section among salaried persons when it comes to saving tax in a financial year. The section provides tax exemption of up to Rs 1.50 lakh in a financial year. But not just Section 80C, House Rent Allowance (HRA) also comes under the purview of tax exemption. This part is deducted from your total income before calculating gross taxable income.
Wed, Jun 26, 2024
NPS Monthly Pension: National Pension System (NPS) is a retirement pension scheme, where one can contribute up to the age of 70. At retirement, one gets a lump sum amount and the monthly pension. The scheme also provides tax benefits of up to a maximum of Rs 2 lakh under Section 80C and 80CCD (1B) of the Income Tac Act, 1961.
Mon, Aug 28, 2023
Tax benefits may vary depending on the types of loans. Taxpayers can claim different deductions based on the interest and principal amounts paid towards loans.
Wed, Jun 22, 2022
ELSS Vs Gold Mutual Fund: ELSS has a lock-in period of 3 years. That is, you cannot withdraw your invested money for 3 years. This is a good feature of this scheme. Its lock-in period is very less compared to other schemes. One can start with a Systematic Investment Plan (SIP) in ELSS with just Rs.500. However, you can invest as much as you want in it. whereas, gold Mutual Funds are open-ended investment products that invest in gold Exchange Traded Funds (Gold ETFs) and their Net Asset Value (NAV) is linked to the performance of the ETFs. In this, you can start with an investment of Rs 500.
Thu, Jul 11, 2019
If you are looking to save your Income Tax, you should consider National Pension System (NPS). In Budget 2019, the government changed few income tax rules on investment in the NPS, making it an even more attractive investment.
Wed, May 29, 2019
Either be fuel allowance, car allowance, fuel expense reimbursements, fuel benefits they all have some sort of tax benefits.
Wed, Mar 27, 2019
Since the March 31 deadline is very crucial, those investors who have invested in PPF, NPS and SSY would be able to save their income tax.
Sat, Feb 02, 2019
In this segment of Zee Business, know how you can earn tax-free Rs 10 lakh per annum. Watch the video to know more.
Thu, Jan 03, 2019
In this episode of Money Guru, we provide you complete guide to understand income tax deductions and exemptions. Listen in.
Fri, Jan 06, 2017
In a surprise move to curb black money, corruption and terrorism, prime minister Narendra Modi on November 8 announced scrapping of old currency notes of Rs 500 and Rs 1,000 as legal tender from circulation resulting in cash crunch and chaos aross various sectors including real estate.
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