PPF or ELSS-Where to invest? Do not ask this question|| Do this instead…
PPF or ELSS which is good to invest in the question most investors think while doing tax planning. They are investing in these two only for tax saving. But this is not the right approach. You should be investing goal oriented ( retirement, own house, etc) following asset allocation. In addition, If you can save some tax while doing goal oriented investment, then it will be a bonus to you. Should you invest in PPF or ELSS only for Tax Saving?… No, you can choose other tax saving instruments like Bank FD, NSC, EPF ( Private employees), GPF ( for …
BUDGET 2019 8 CHANGES- You should know these highlights…
8 changes in Budget 2019 are very important to us to know. The Highlights are explained below. 1. The Main Change out of 8 changes is in Income tax slab rates… Your tax liability is zero if your taxable income is 5 lakh. However income tax slab not changed in 2019 Budget. Latest Income TAx Slab Rates for F.Y 2019-2020 (A.Y – 2020-2021) (www.paisahealth.in) Income Slabin (Rs.) INDIVIDUAL BELOW 60 years age Senior Citizen age 60 yr and below 80 yrs. Super Senior Citizens age above 80 yrs and above Up to 2,50,000 0 0 0 2,50,001to3,00,000 5% 0 …
Income Tax Slab zero tax percetage- is raised in Budget 2019 to 5 lakh or not?
On 01-01-2019, Government of India announced few amendments on Taxable income of Individuals in interim budget 2019. There are some people spreading the news just before the budget speech is completed in parliament that zero tax percentage in income tax slab for the individuals has been raised to 5 lakh rupees. Understanding budget is easy now a days. New tax rules, we can understand win in few hours of budget speech completed. Let’s understand Section 87 A new tax rebate. Click here to understand it. What is the new income zero percentage slab now? from 1st April, 2019… It is …
Revised Tax Rebate under Section 87 A ( Financial year 2019-2020) Explained.
The interim budget has proposed a change in Section 87 A for the financial year 2019-2020. There is a slight change in the tax rebate. What are the current Provisions in Section 87 A of Income TAx Act?… According current rules, if you are resident individual and your total income after all eligible deductions is equal to or less than 3.5 lack then a tax rebate of Rs.2,500 applies to the total tax payable before 4% educational cess. If you tax payable is less than Rs.2,500 then the entire amount is discounted. Revised Tax Rebate under Section 87 A(F.Y 2019-2020)… …
ITR Filling – 8 benefits, even your income is below taxable limit?
Are you filling out your ITR return? Yes/No. There are 8 benefits if you file the I.T. returns even if your income is below the taxable limit. Many people will not return at all for years. As their income is below the taxable limit. In addition, I have seen people tend to run to the C.A. for filling returns when there is an urgency. But there are 8 benefits to filing an I.T. return even if your income is below the taxable limit. What is an Income Tax Return (ITR)? Is it necessary to file it? An income tax return …
