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Proof Submission activity for FY 2018-19 is just around the corner and you must already be assessing various tax saving investment options under Section 80C. With focus being on exhausting 80C limit, it’s highly possible that you end up investing in options that are not suitable for you. Here are the Key Points to Note: Calculate your tax liability before investing […]

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As a consultant you are required to pay a flat 10 per cent tax on income while an employee is taxed as per applicable slab, the highest being 30 per cent along with surcharge. Sarbajeet K Sen Moneycontrol As a consultants you are required to pay a flat 10 per cent tax on income while […]

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Taxpayers whose refunds are delayed are often responsible themselves because most of the reasons are in their control, say tax experts Sarbajeet Sen As you prepare yourself to file your returns, you need to do ensure that all details are filled in properly so as to help the tax authorities to process your refunds, if […]

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More tax can be saved if Bahugana invests in the NPS under Sec 80CCD(1b). She already puts Rs 25,000 in the scheme in a year. If this investment is raised to Rs 50,000, she will save Rs 1,300 more. At 36, Bahugana should opt for a balanced allocation in the NPS. Next, she should ask […]

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