Tag Archives tax

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…

Some smart planning can help you save thousands of rupees. Tax saving can also mean sound investments. The first step to understanding your taxes is to see what makes up your salary. Do you get HRA, LTA, transport allowance? Ask for a copy of your payslip or tax computation from your HR or payroll department. Let’s also find out the…

 Most of you prefer to invest in financial instruments especially the ones that offer tax-saving benefits. There are two primary reasons for doing so. One, it reduces the amount of income tax that are liable to pay on earnings. Second, it encourages to save and invest at regular intervals. There is a third reason too, which often people often tend…

Unit Linked Insurance Plans or ULIPs are a unique investment product. Along with investment in ‘units’, it also comes with life insurance i.e. it provides life cover to the person taking the policy. ULIPs offer tax benefits at the time of investment as well as on maturity. Tax Benefit on investment – money invested in ULIP can be claimed as…

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