Are you having doubts about the competency of your current investment advisor? Check out these 5 warning signs to find out whether you are just overthinking or really need to fire your investment advisor!
Are you having doubts about the competency of your current investment advisor? Check out these 5 warning signs to find out whether you are just overthinking or really need to fire your investment advisor!
Taxes are important, whether you like it or not. Every working individual has to come to terms with this reality year after year. However, the good news is if you plan your taxes right, you can save a substantial amount on your hard-earned money. This poses the age-old question, ‘should you plan your own taxes or hire a CA?’
Form 16 is a certificate of proof that your tax has been deducted at source and deposited by your employer. Without it, you will have to collect and deposit all the documents related to your income, expenses and deductions like your pay slip, Form 26AS, conveyance bills, home loan proof, education loan certificate, all bank statements etc. separately.
Along with the primary tax benefits under section 80C, ELSS mutual funds offer a variety of helpful investment benefits.
With the financial year coming to end, every working individual has one thing on mind: ‘how to save tax on my hard-earned money?’ Luckily, you have several tax-saving options available under section 80C of the Income Tax Act (1961) like NPS, PPF, 5-year tax-saving FD or NSCs, however, you can benefit more by investing in ELSS (Equity Linked Savings Scheme).
Did you know that you can claim tax deduction benefits up to INR 1.5 lakh? This is applicable for various investments and expenses using section 80C of the Income Tax Act.
It is no new fact that paying your taxes is a part of being a responsible adult. So the question arises, is it selfish to try and save money on your payable taxes? We say, not at all! After all, it is your hard-earned money.