Archive for the ‘Tax Benefit’ Category

  • ELSS Tax Saving Mutual Funds Give You Tax Benefits

    Tuesday, March 25th, 2008

    Under section 80C, Indians can invest upto Rs 1 lakh in ELSS (Equity Linked Saving Scheme, also commonly known as Tax Saver schemes) funds per year/per individual. The amount invested in a ELSS/Tax Saver scheme is Tax deductible on your tax return.
    Example :-
    Say you are a male and earned Rs 2 lakh. You invest Rs […]

  • Tax Benefits Gain with Life Insurance

    Sunday, January 20th, 2008

    Income-tax provisions for the Financial Year ending 31st March, 2007 :
    Under Sec.80C of the Income […]

  • 9 Great Ways to Reduce Tax Burden in India

    Saturday, January 19th, 2008

    One of the most common questions by all is: what should I buy to milk the tax breaks that I am legally allowed? So here is a guide to the deductions you can use apart from the popular section 80C Rs 1-lakh deduction.
    Look beyond section 80C cut your tax burden further. Remember, you will have […]

  • How to Get Yourself a PAN Card!

    Monday, January 7th, 2008

    It is just one of those things that need to be done. The government says get a PAN. We follow.
    PAN, as you probably know, refers to the Permanent Account Number issued by the income tax department. It is a must for everyone who files a tax return.
    If you are going through a tax consultant, […]