Tips and Tricks for Saving Income Tax via HUF

1shares 0Facebook WhatsApp 1Google+ 0TwitterWhenever times come to pay your tax, the first and the foremost question which comes to the mind of individuals is that “How to save Income tax through HUF”? Everyone believes that they could save some amount by using HUF and avoiding paying some tax. The expectations of every individual are that … Read more

All About Senior Citizen Savings Scheme

1shares 0Facebook WhatsApp 1Google+ 0TwitterSenior citizen scheme is a deposit scheme for elders or you can say that it’s a best option of getting future return so that you don’t have to depend on others at the at the age of retirement.  Generally, retirement brings lot of troubles and barriers for future matters. This scheme … Read more

PPF – Public Provident Fund – Popular Tax Saving Scheme

0shares 0Facebook WhatsApp 0Google+ 0TwitterA number of money saving instruments has been floated in the market, which people may get confused as to what instrument they should buy. The safest among them are the government floated schemed instrument. One of them is Public Provident Fund. This is not only a savings instrument but they also … Read more

SBI PPF Interest Rate & Maturity Period

3shares 1Facebook WhatsApp 1Google+ 1TwitterThe State Bank of India offers the option to invest in PPF to existing users and new users of its bank. The channel is aimed to create a habit of savings among the people of India, along with creating a reliable pool of investment which can be used by the banks … Read more

5 Benefit of Opening SBI PPF Account

0shares 0Facebook WhatsApp 0Google+ 0TwitterThe SBI PPF account is one of the smartest ways to save tax and build a steady habit of savings. Apart from that, the SBI PPF account offers numerous benefits to the account holders which includes appointing a nominee and transferring the PPF account to some other banks as well. Given … Read more

How to Open PPF Account in SBI?

2shares 1Facebook WhatsApp 1Google+ 0TwitterToday, the PPF account has become an important consideration for every individual who has a source of income. The facility of PPF not only offers an individual with the benefit of making savings on a regular basis, but also allows a person to save taxes. One of the most recognized ways … Read more

Post Office Time Deposit Scheme: Check Complete Detail

0shares 0Facebook WhatsApp 0Google+ 0TwitterThe Government of India has kept open various doors for creating a habit of savings amongst the citizens. Post Office Time Deposit Scheme is an exclusive example of such an initiative where the Government looks forward to support the citizens with an option to invest for a period of 1 to 5 … Read more

Post Office Monthly Income Deposit Scheme

0shares 0Facebook WhatsApp 0Google+ 0TwitterOver the years, the Government of India has been offering several ways to create a habit of saving amongst tax payers. The Post Office Monthly Income Deposit scheme looks forward to generate monthly savings for people who are ready to invest in a 5 year term scheme. The minimum required amount … Read more

Small Savings: Big on Tax Benefits

0shares 0Facebook WhatsApp 0Google+ 0TwitterThe small savings section is one of the most attractive sections for people all over the world. The small savings section provides people flexibility and proves to less burdensome. Small savings requires a very scant amount from the pocket of the investor and ensures a guarantee for better periodical return. Added … Read more

Bank Term Deposit Scheme: Tax Benefits & Application Procedure

0shares 0Facebook WhatsApp 0Google+ 0TwitterThis bank deposit scheme is popularly known as Bank Term Deposit scheme, 2006, which came into force on the date of submission of the official gadget. Under bank deposit scheme, the term “assessee” means, any individual or a Hindu undivided family; Act refers to the income tax Act, 1961 and form … Read more

Save Tax in 2016-17 by Investing Efficiently

0shares 0Facebook WhatsApp 0Google+ 0TwitterWith the Budget 2015 implemented in the country, who doesn’t wants to reduce their payment of tax? “No one” is the straightforward answer to this question. In present economy where inflation rules the country, everyone wants to have more money in their pockets and safe custodies so that they can use … Read more

5 Tax Planning Tips for Salaried Employees for A.Y. 2015-16

0shares 0Facebook WhatsApp 0Google+ 0TwitterThe new budget announced this year by the new government brought a host of changes. However, the scope for salaried class were, as usual, limited. Only a few positive chances were introduced to enhance the quality of life of the salaried or working class. In these cases, tax planning can be … Read more

Deduction U/S 80DD: Medical Treatment of Handicapped Dependents

0shares 0Facebook WhatsApp 0Google+ 0TwitterAs we have discussed earlier about deduction under section 80C, 80D, 80CCC, 80CCD and other deduction. Here, we’ll talk about deduction under section 80DD related to medical treatment etc and deposit made for the maintenance of handicapped dependents. You should read the complete article to know the latest provision related to … Read more

Total Deduction Allowed u/s 80C, 80CCC and 80CCD (A.Y.2015-16)

1shares 1Facebook WhatsApp 0Google+ 0Twitter The most common questions asked by every readers of LessMyTax that how much deduction is allowed in aggregate under section 80C, 80CCC and 80CCD? It is common because every year the limit has been changed. So there may be confusion in the mind of the people. These deductions are not … Read more

KVP Accrual Interest Calculation Easily Step by Step (Discontinued w.e.f. 1-12-11)

4shares 0Facebook WhatsApp 3Google+ 1TwitterIn this article, we will discuss only about how to calculate the accrued interest on Kisan Vikas Patras. If anyone wants to know about nomination, maturity value, maturity period, encashment, premature encashment go to the KISAN VIKAS PATRAS main article. Note: Kisan Vikas Patras (KVPs) have discontinued w.e.f 1.12.2011 The following … Read more

Kisan Vikas Patra – A Best Tax Saving Scheme

0shares 0Facebook WhatsApp 0Google+ 0TwitterKisan Vikas Patra is a scheme introduced by the Indian Government for the welfare of Indian Farmers. As the name includes “KISHAN” it does not mean that is only scheme for the farmers.  It is a scheme of mobilisation of funds for the KISAN’S. Note: Kisan Vikas Patras (KVPs) have discontinued … Read more