Tax

How to Save Income Tax

How to Save Income Tax in India

by Rohit Bhattacharya • August 6, 2020

Income tax is the tax paid by an individual or a Hindu Undivided Family or any taxpayer other than companies, on the income received. The revenue generated from these taxes is vital for the smooth functioning of the country as the government needs these funds to foster economic growth and development. The tax varies with […]


NPS vs ELSS: Which One is Better for Tax Saving?

by Devyani Mishra • November 30, 2019

The government of India allows you to lower your tax liability if you invest in schemes mentioned under Section 80C. Some of these include investment options like Equity Linked Savings Scheme, National Pension Scheme, PPF, Tax saving FD, NSC etc. These schemes differ in terms of the risks associated, the interest rate offered, lock-in periods […]


10 Tax saving instruments

10 Best Tax-Saving Instruments and Their Returns

by Pijush Biswas • October 9, 2019

Tax saving is a prime tool for many investors, to prevent the erosion of the total income generated. There are various instruments that provide this benefit, thereby, significantly increasing the effective investment port-folio in this country as all individuals want to avail this advantage. In this article, I will talk about the best tax saving […]


doc checklist ITR

A Comprehensive Checklist Of Documents Required To File Income Tax Returns (FY 2018-19)

by Subham Sharma • July 23, 2019

Come July and the yearly ritual of filing your income tax returns begins in full swing. To help you tackle this season better, here is a compilation of essential documents that you must collect in advance in order to file hassle-free returns. Read on General Documents Required Firstly let us look at all the general […]


Tax filing for freelancers

Freelancers And Taxes : Know How You Can Benefit From Presumptive Tax Scheme

by Niraj • July 18, 2019

In this blog, I seek to discuss presumptive tax for freelancers. But before that, let us quickly touch upon freelancing income, and expenses that are allowed for deduction so that you understand the taxation part well. What Is Freelancing Income? Freelancing income is the income that you get when you are hired for a specific […]


Income Tax Return Filing For Futures And Options ( F&O)Traders : All You Need To Know

by Niraj • July 15, 2019

Trading in futures and options on stocks, currencies, and commodities are subject to tax but there is little awareness around the subject. This lack of information also leads to many small traders failing to report their losses from futures and options while filing their income tax return. With this article, I aim to bring forth […]


CBDT LTCG Law

Income Tax : CBDT Simplifies Disclosure Of LTCG From Stocks And Equity Mutual Funds

by Niraj • July 11, 2019

The Central Board of Direct Taxes (CBDT), on June 14, 2019, relaxed the rules on disclosing the long-term capital gains from equity and related investments while filing the income-tax returns (ITR) for fiscal 2019 (the assessment year 2019-20). In this blog, I will discuss more about  the recent announcement by CBDT and how it will […]


Post Budget Taxes

Tax Saving : Deductions Under Section 80C, 80CCC, 80CCD And 80D

by Mridul Agrawal • July 2, 2019

As a tax-paying individual, it is a must for you to know about tax relief you can claim ( Upto ₹ 150,000) under Section 80, 80 CCC, 80 CCD, and 80D. These deductions are categorized into different buckets based on the type of investment made and fall under Chapter VI A of the Income Tax […]


10-best-elss-funds

Evaluating ELSS Funds to Save Taxes

by Groww • April 29, 2019

Every year, as soon as the season of tax filing arrives, taxpayers start looking for ideas to save taxes by different ways of investing. Tax saving methods are many, but it is really important to choose a method that not only saves your money but also makes you more of it in the future. Although,the […]


tax implications on debt funds

A Detailed Tax Calendar for Fiscal 2020

by Niraj • April 9, 2019

As the new financial year begins, you will have the responsibility of a new task with you for complying with the tax norms. While you should ideally start tax planning from the first month of the fiscal year, you need to ensure you review your portfolio, income and expenses over the period as you progress. In […]


Are You Planning On Giving Up Your ELSS Because of LTCG Tax?

Are You Planning On Giving Up Your ELSS Because of LTCG Tax? Don’t!

by Niraj • March 5, 2019

The year 2018 shall be remembered for days to come for several reasons. One reason is the re-introduction of long-term capital gains (LTCG) tax. Before we delve more in-depth in, let us quickly touch upon LTCG for the sake of our novice readers. What Is Long­-Term Capital Gains (LTCG) Tax? LTCG is a tax that is […]


Tax slabs - Budget 2019

Budget 2019 – Tax Slabs and Changes in Income Tax

by Niraj • February 4, 2019

In the previous article, highlights of the Interim Budget 2019 had been covered. This blog will focus primarily on the income tax slab for fiscal 2019 (AY 2020-21). Read on! Let us first differentiate two key terms – gross income and taxable income. Difference Between Gross Income and Taxable Income   Many of us have heard […]


First Job? High Salary? Here come the taxes!

First Job? High Salary? Here Come the Taxes!

by Ankit Jain • January 20, 2019

Every individual including the salaried people like us have to pay taxes on the salary that we earn. But of course, you know that. But what we don’t know is how to manage our finances once tax slab kicks in. Sources of Income It is important for us to note that first of all, we […]


Income tax for beginners

Basics of Income Tax for Beginners

by Niraj • December 15, 2018

There are a lot of common milestones that each one of us goes through in our lifespan. To name a few – graduation, first job, marriage, family, etc. Similarly, another milestone that is pretty common amongst people is paying income tax for the first time. In India, the moment you hear the word income tax, […]


Can a business with a great product may not be a great stock to buy?

5 Reasons Why You Should Opt for Mutual Funds to Save Tax

by Niraj • December 7, 2018

Introduction of Equity Linked Savings Scheme (ELSS) has provided the much-needed relief for middle-class people, particularly the working class. At a time when inflation has been rising, investing in traditional instruments with nominal returns of 8-10% has become too mainstream and unaffordable. For novice readers, if returns in a tax saver fixed deposit is around […]


Salary restructuring

Income Tax Exemptions for Salaried Individuals

by Niraj • December 6, 2018

It is December already. Doesn’t it seem like 2018 passed way too soon? And again, it’s time to bake your plum cake, take out your woolen clothes and most importantly, plan your income tax as the HR in your organization will soon ask you to seek your original documents as a proof of tax saving. […]


10 hacks to reduce tax liabiliy

Best 10 Tax Saving Tips for an Entrepreneur

by Pijush Biswas • December 3, 2018

Income tax is the harsh reality that every entrepreneur or a business owner has to accept. And of course, the hardest thing to understand in this world is income tax!   However, it is our duty to contribute towards paying income tax, and we can’t escape from this duty because it is ultimately a source […]


Grandfathered Meaning: Budget 2018

by Mridul Agrawal • February 20, 2018

Much hype (and maybe confusion too) has been created over grandfathering of capital gains. On the 1st of February 2018, on the day of the financial budget, our Finance minister Mr Arun Jaitley announced a 10% levy of tax on long-term capital gains on equity shares and equity-oriented units of a mutual fund. He said […]


Advantages and disadvantages of ELSS

Advantages and Disadvantages of ELSS Tax Saving Mutual Funds

by Mridul Agrawal • February 19, 2018

The number of people taking advantage of the Equity Linked Savings Scheme or ELSS has steadily risen. Due to the increase in popularity, more people want to know the advantages and disadvantages of ELSS funds. Besides the obvious draw-back – 3 year lock-in, there aren’t many drawbacks to this ELSS funds. Read the full article to know all […]


calculation ltcg elss

LTCG Tax Calculation for ELSS Mutual Funds

by Ankit Jain • February 15, 2018

Introduction of Long Term Capital Gains (LTCG) tax on equity mutual fund schemes has badly hit last-minute investments in Equity Linked Saving Schemes (ELSS) this tax-saving season. Many investors are thinking whether ELSS is tax-free or does ELSS still serves as a tax-saving instrument. There are lesser last-moment investment calls made by investors due to […]