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Supporting children financially for their educational and associated needs till they start earning and become independent is a major task for all responsible parents. Assessing the future requirement and planning for it in advance will certainly make it easier. The current inflationary trends suggest that the corpus needed is significant. Any successful investment leading to […]
We know the importance of timely Tax Planning, and factoring tax efficiency while making investment choices. The whole gambit of taxation is quite huge as it covers the entire scope of income and taxation. Some of the elements are very common, esp. to the salaried class. These should be at the back of our mind […]
The Financial Year 2019-20 is long over, and under normal circumstances most of us would also have completed the filing of Income Tax return by now. However, on account of COVID situation, the last date of filing returns for FY 2019-20 is now 31st Dec 2020. The last date for making deduction related contributions/expenses was […]
Tax is an evil which we all wish we could do away with. But the universal fact is that the more you earn, greater is the pain of income tax that you have to bear. The motivation to save tax is highest for those in the higher tax slabs. There is therefore no need to […]
The GOI has announced a new tax regime in the annual Budget, leaving the option to each tax payer to continue with the old regime if it suits her/him. Recently there has been some communication from ministries/departments to their respective employees to intimate their choice of option for the current FY. The salaried employees also […]