Fixed Deposits and Recurring Deposits are the most popular financial saving tools in India. It is not an exaggeration to say that most of us might have started the investment plan with an investment in Post office RD or bank Fixed Deposit (FD). The below table gives you an idea about the total outstanding amount (as […]
Tax Planning
Top 5 Best ELSS Mutual Funds 2020 | Tax Saving Equity Mutual Fund Schemes
For salaried employees, the deadline to submit the provisional tax saving investment proofs is fast approaching. Most of the employers collect the documents in the month of January. During this period investors/employees who have not commenced their tax planning generally rush to buy life insurance policies or some other tax saving investments. There is one […]
Cost Inflation Index FY 2019-20 / AY 2020-21
The cost of inflation index (CII) for the financial year 2019-20 has been notified by the Ministry of Finance. The ministry has set the Cost Inflation Index FY 2019-20 as 289. For the previous FY 2018-19, CII was 280. The rate of inflation for indexation purposes have been specified by the Indian Government for every […]
How Youtubers and Bloggers Income Taxable in India?
In the recent years, Bloggers and Youtubers are the new full time profession in India. These bloggers and Youtubers are earning in lakhs per month but they may not have a clear idea about the taxation system in India which is imposed on their income & services. So in this guide, let’s talk about the […]
Health Insurance Tax Deduction FY 2019-20 / AY 2020-21 | Income Tax Benefits u/s 80D
Health Insurance (or) Mediclaim insurance is a must-have for all. Considering the rate at which medical costs are rising, it is very important to have sufficient medical insurance coverage. The medical inflation in India is increasing at a significant rate, almost 12% to 15% year on year. Therefore, it is critical to have an adequate […]
How to e-Verify ITR without login to your Income Tax e-Filing Account?
The Income tax department has recently launched a new ‘e-Verify Return’ facility for e-Verification of ITR without login to your e-Filing account. In 2015, the CBDT had come up with e-verification of of ITR through usage of EVC (electronic verification code). Earlier to this, a tax assessee who does not have digital signature had to […]