HOW TO ENSURE NO TAX DEDUCTION?
All you wanted to know about
TDS on Interest in Simple FAQs
INDEX YOUR GAIN AND REDUCE YOUR TAX PAIN!
Availing the Benefit of Indexation, you can Inherit Today,
Sell Tomorrow & Still Keep Away your Tax Sorrow!
Difficult to believe, but ‘zero tax’ is the correct answer. (more…)
TAX SUPPORT FOR DISABLED & AILING!
Income-tax Act provides for Liberal Deductions in the
Computation of Taxable Income in such Special Cases
The Income-tax Act provides for special deductions in computing the taxable income of a taxpayer who is disabled or who is required to incur expenditure for the medical treatment, training or rehabilitation of a disabled dependent or any amount deposited for the maintenance of such disabled dependent.
Similarly deduction is also allowed to a taxpayer who is required to incur any expenditure for the medical treatment of specified diseases or ailments, either for himself or a dependent relative. (more…)
TAX FREE RETIREMENT BENEFITS!
Retirement Benefits that can be claimed as fully tax exempt:
- Gratuity upto Rs.10,00,000
- Leave Encashment upto Rs.3,00,000
- VRS Compensation upto Rs.5,00,000
- Entire PF Balance, without any ceiling (more…)
YOUR WILL IS SIMPLE, BUT SO IMPORTANT!
Execution of Your Will should figure
on the top of Your New Year Resolutions!
The importance of executing a Will has yet not been appreciated to its fullest extent in the Indian society. It is, therefore, not surprising to come across several cases where in pursuance to the death of an individual, there are several family disputes and practical problems in the absence of the Will by the deceased. The execution of a Will is very simple and at the same time non-execution of the same can create several difficulties. (more…)
