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When it comes to tax saving, people cannot think beyond 80C. If you have exhausted your 80C limit of Rs.1.5 lakh, explore these lesser known options to reduce your tax liability.
Raising kids from the millennial generation was so much easier than it is now. In this highly networked world today, the choices are infinite for Generation Z kids. The parental pressure is hence immense in giving the child the best of everything. The cost of raising kids today has also gone up. And not only due to inflation, but also because of the societal and parental shift in the way kids are being raised today. …Read More
How do the budget proposals impact the common man? Tax Rebate up to Rs.5 lakh taxable income: For individual tax payers having annual taxable income up to Rs.5 lakh (after availing deductions), the Budget has proposed full rebate of Rs.12,500. So, if the total tax payable is lower than or equal to Rs.12,500, then there will no tax payable on the income. This is going to immensely benefit the tax payers in the lowest tax slab. To illustrate: Here you can see, for an individual below 60 …Read More
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