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From linking PAN card and Aadhaar Card to submission of updated income tax return (ITR), failure to meet these deadlines may lead to financial losses
Before investing in any tax-saving products, investors need to be aware of mis-selling strategies and must do their due diligence
With premature withdrawal being difficult, opt for it if you won't need the money till retirement
Not to overshoot FY24 net borrowing target of Rs 11.8 trillion
An ELSS as a tax-saving option is mostly preferred by younger taxpayers
Mutual funds like ELSS are an easy way to save on income tax under Section 80c while reaping handsome potential returns on investment
If you wish to save to save taxes, some experts might suggest you invest in ELSS. But what are these? Listen to this podcast to know.
Ensure that such investments are in sync with your asset allocation and are not done hastily
Simplifies ITR filing, but can be taxing if actual income is below 8% of turnover
Interest earned on balances in savings accounts held with banks or post offices is taxable under "Income from other sources". Did you know that you can actually save this tax to an extent?
Here is how the various tax saving schemes and their interest rates stack up
If you make them in haste at the last moment, you are likely to end up with the wrong choices
One of the key points to note while accounting for these investments made from April to July is that a deduction once claimed in FY20 on an investment made, cannot be claimed again for FY21
Choose Section 80C investments based on risk appetite; be mindful of lock-in too
Among tax-saving investments, they have the lowest lock-in period of three years only
These funds have, on an average, run up 9.57 per cent over the past three months
Most tax experts and chartered accountants say their high-net-worth clients are rattled
Here is what the tax saving schemes have to offer
ELSS is a combination of a tax saving scheme and a great investment idea