Category Archives Tax

Parenting has become a complex phenomenon, especially in this day & age. Modern parents would agree that kids of this generation are absolutely sure of what they want. They are smart kids. Therein lies the catch-22. We the “millennial parents” consider ourselves to be the smartest ones. After all, we have witnessed transition that our kids cannot even imagine, let…

Introduction: If you are a prudent financial planner, certain financial goals will feature on your list, in varying degrees of priority. These usually include the goals of debt reduction, the building of a corpus for early retirement, increasing your present cash-flow, tax savings & creating an emergency savings fund, among other possible financial goals. Depending on your lifestyle, desires and…

Introduction: When you first enter the world as a professional, your salary getting credited to your account gives you a sense of achievement. And it is! Except when you realise that your salary and the actual amount you take home are very different. This is because the salary that actually gets credited to your account is the net amount after…

We all have career aspirations to achieve; thus it’s very important to build the right foundation to achieve our aspirations. As you go higher up the career ladder, you’ll undoubtedly enjoy more benefits like a bigger bonus and a higher salary. And when your income levels rise, the tax you need to pay also shows a corresponding increase. Without careful…

One of my favourite pastimes is to sit in my balcony garden with a cup of tea, an atlas and my travel journal. These are times; I love to dream and lose myself in faraway lands while planning my next travels. My wish list? It’s an ever-growing list. The more I read and see photos, the more places I keep…

One of the questions that I am always asked is, “Lakshmi, how do you fund all your travels?” The general assumption is that all the trips are sponsored. However, most of the trips are personal and spent from my own travel budget that I prepare zealously every year. I weave my travel calendar around the budget and alternate between trips,…

Should I file income tax returns? This is a common question among young Indians. There is not much awareness among the Indian taxpayers, especially the young ones, about when they are required to e-file income tax returns.   But e-filing income tax returns is important. You should e-file income tax returns for AY2016-17 (FY2015-16) before the deadline of 31 July…

This is time of the year when we are scurrying to put together our investment proofs and tax savings documents. You family can help you save taxes too, let’s find out how.  Health insurance – The pressures of modern living have put our health at greater risk. While most employees have a medical insurance cover from their employer, it usually…

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