TAX OPTIMISATION
How to cut income tax outgo by Rs 45,000 with NPS, gadget allowance
Under Section 17(2), gadgets and household appliances bought in the name of the company and given to the employee for personal use are taxed at only 10% of their value. Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
Salary structure in more than 40% of Indian companies is tax inefficient: Study
The study, based on an email survey sent to more than 16,000 executives working across the departments of human resources, finance and administration, elicited responses from 97 companies across sectors.
How to save Rs 91,000 in tax using NPS, salary perks
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
How to cut income tax outgo by Rs 75,000 with NPS, health insurance
How to reduce income tax outgo: Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments. TaxSpanner estimates that Tuteja can reduce his tax by around Rs.75,000 if his company offers him some tax-free emoluments as well as the NPS benefit. Tuteja also needs to invest in the pension scheme on his own, buy health insurance for his parents, and avoid booking taxable capital gains.
Prosperr.io raises $1.5 million in funding from Silicon Valley investor Gokul Rajaram
Livspace founder Ramakant Sharma, CEO Saurabh Jain, and Cred founder Kunal Shah also participated in the funding round of the AI-enabled income tax solutions startup
How to use NPS to reduce tax outgo by Rs 50,000
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
- Go To Page 1
ITR filing: Compare your tax outgo in old and new tax regime before finalising one for FY24
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments. TaxSpanner estimates that Vivek Jaiswal can have a surplus of almost Rs.60,000 if his salary is rejigged to include tax-free perks and if he opts for the new tax regime. Here's how
White goods, FMCG imports failing to get custom-fit tag
White goods, chemicals, pharmaceuticals, and FMCG companies face import delays or higher duties as customs authorities scrutinize third-party invoicing at various ports. This practice, used for tax optimization, allows invoicing through a country different from the goods' origin and is permitted under FTAs. However, customs officials suspect abuse of FTA provisions, withholding consignments and denying lower duty benefits at ports like Nhava Sheva. Authorities demand differential duty payments and invoke rules addressing potential duty evasion through third-party invoicing, leading to potential supply disruptions.
How NPS, other perks can save Rs.1 lakh income tax
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
Will you save more tax by opting for the old income tax regime?
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
Use NPS, salary perks to reduce tax by Rs 1 lakh; here's how
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
How NPS benefit in salary can increase tax savings
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
Save on GST up to 13% of wedding cost by planning wisely: Here's how
GST on wedding expenses: Indians are famous for their grand, lavish weddings. Expenses made on wedding such as decor, hiring a venue, catering etc. are all impacted by Goods and Services Tax. However, knowing the tax rules can help you save GST on wedding expenses accordingly. Read on to know the rules and save money on your wedding.
How to restructure salary, investments to cut income tax outgo by Rs 64,557
Under Section 80CCD(2), up to 10% of the basic salary put in the NPS on behalf of the employee is tax-free. TaxSpanner estimates that Patil can reduce his tax by almost Rs.65,000 if his company rejigs his pay structure to include some tax-free emoluments and he increases the contribution to the NPS to 10% of his basic salary.
Tax-saving ideas: Do this to reduce tax to zero
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
Tax-saving tips: HRA tax-free after rent to parent; how to reduce tax outgo by Rs 83,264
Gupta can reduce his tax by more than Rs.83,000 if he claims HRA exemption by paying rent to his father, if his company offers him the NPS benefit, and he invests more in the scheme on his own. Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
Last minute tax saving idea: Can ELSS mutual funds fit into your portfolio?
ELSS or tax-saving schemes are benchmarked against Nifty 500 - TRI, S&P BSE 500 - TRI, S&P BSE 100 - TRI. Nifty 500 - TRI, S&P BSE 500 - TRI gave 19.30% each, and S&P BSE 100 - TRI gave 17.59%.
How HRA, NPS can help you save tax of Rs 1.9 lakh
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
Tax-saving tips: How to use NPS benefit from employer to save Rs 80,000 in tax
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
How to reduce income tax by Rs 35,000 with perks, health cover
Under Section 17(2), gadgets bought in the name of the company and given to the employee for personal use are taxed at only 10% of their value. Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their income and investments.
NPS, LTA, other perks can cut income tax by Rs 71,467; know how
Under Section 80CCD(2), up to 10% of the basic salary put in the NPS on behalf of the employee is tax-free. Big tax savings are possible if your company gives you allowances such as LTA, gadget allowance. Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
In black & white: Tax numbers at a glance
Here are the key numbers from the Interim Budget 2024 presented by Finance Mininster Nirmala Sitharaman.
What is the right salary structure to save income tax? Five flexi benefits can help in big income tax savings
One thing which most of the salaried employees often ignore is having a salary structure that rewards you with maximum tax saving based on your spending preferences. A new salary hike or revision is an opportunity for you to ensure that it is structured in a way that helps you in minimising your income tax outgo. We tell you how you can ensure that your salary is tax efficient.
Equity investors must diversify asset class to optimise I-T exemption benefits. 5 ways to do it
If you can help it, sell your equity funds or stocks after one year. Second, use the exemption of Rs 1 lakh to your advantage. You can profit from it by selling your equity funds/stocks and immediately buying them back in such a way that the gain remains within the Rs 1 lakh limit.
6 income tax saving ways for investors to optimise returns in NPS scheme
NPS is a voluntary low-cost investment plan designed to enable people to plan for their retirement. One can invest in this scheme through systematic savings during his/her working lifetime. It is also an effective way to save on tax payouts.
Optimise benefits from tax loss harvesting by avoiding these common mistakes
Investors with large equity or mutual fund portfolios can pay low or no tax or set-off their losses by tax harvesting or tax-loss harvesting.
Tax optimiser: Kulshreshta can yse LTA, NPS to cut tax by Rs 1 lakh
Sudhir Kaushik of Taxspanner.com tells readers how they can optimise their tax by rejigging their income and investments.
Tax optimiser: NPS, rent to father can help Kumar save Rs 1 lakh tax
Sudhir Kaushik of Taxspanner.com tells readers how they can optimise their tax by rejigging their income and investments.
Tax optimiser: NPS, health insurance policy can help Sapra reduce tax outgo to zero
Sudhir Kaushik of Taxspanner.com tells readers how they can optimise their tax by rejigging their income and investments.
Load More
