As we are in mid Feb of the year and its tax time, I thought to talk a bit on LTA and Medical reimbursement benefits. Though many of you might already know about it, let me go over it in brief for readers who have less knowledge about it. What is LTA ? As the […]
Following is a chart showing the list of people for whom you can claim deductions for tax exemption. For example, if you pay the LIC Insurance premium, you can claim if the got premium paid for. Yourself Spouse Children For further details … see this table … Click to enlarge it. To know about the […]
Tax Treatment Equity Mutual Funds and Shares Short Term Capital Gain : If you sell it before 1 yr , the profit is called STCG and taxed at 15% (revised in 2008-09 budget) ,So if you make profit of 10,000 on shares or Equity mutual funds , you pay 1,500 as tax. Long term Capital […]
There is just one word which can describe the year 2008-2009 tax structure … GREAT. This article will tell you everything about tax in 2008. Following things will be discussed : 1. Tax Slab in 2008 for salaried employees 2. How much will you save? The exemption limit for the year 2008 is 1.5 lacs, […]
All Tax Saving Mutual funds are not the same !!! This post targets those who already know ELSS or Taxsaver mutual funds. But many people do not know that not all ELSS are the same. They might know that Tax saver funds are Diversified Equity Mutual funds, yes they are !!! But still, they can […]
A lot of people avoid investing in shares because of the lack of knowledge about stock market investments. In this article, I’m going to tell you about the important terms and terminologies related to investment, finances, insurance, and tax. First of all let’s know the meaning of each term. Share or Stock: A Share is […]
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