Tax of mutual funds in India - IMAGE
Income Tax

Tax on Mutual Fund Returns in India

What will be the tax on mutual fund returns in India? To understand the tax treatment of mutual fund returns, we have to first answer a simple question. In what forms, an investor can earn […]

About Income Tax Planning -image
Income Tax

Everything about Income Tax Planning

#1. Introduction Before we go into the details of income tax planning, let’s understand few key principles of income tax first. Income can be generated from diversified sources. Majority earn income from a single source […]

ELSS Fund
Income Tax

ELSS Fund: Save Tax with Equity

What is ELSS Fund? Equity Linked Savings Scheme (ELSS), is a type of mutual fund. There are two components to ELSS: Equity. Savings. It has an equity component. Means, the portfolio of ELSS Fund contains […]

Advance Tax Payment for Salaried People -image
Income Tax

Advance Tax Payment for Salaried People

Advance tax payment is not only applicable to the rich Bollywood stars and Businessmen. Even a salaried person may require to pay advance tax. How a salaried person can pay advance tax? This is what […]

Limitations of Sec 80C -image
Income Tax

Limitations of Sec 80C: Must Know

Do you know, that there are limitations of Sec 80C that cannot be ignored. Generally, income tax savings that can be claimed under Sec 80C are quite transparent. But when we look into the fine […]