The Power of Tax Deferment: Let Your Money Grow, Not Your Tax Burden! When you invest, how your gains are taxed can make a huge difference to your final wealth. Two common types of investments…
SIP is a systematic way of investing in Mutual Funds. STP involves regularly transferring money from one Mutual Fund to another, and SWP is about systematically withdrawing money from a Mutual Fund…
The Income Tax Act allows individuals to save taxes by investing in specific financial instruments under Section 80C. You can save up to ₹1.5 lakh every year through options like the Public…
ELSS (Equity-Linked Savings Scheme) funds are a type of mutual fund that helps you save on taxes and offers the potential for high returns by investing in stocks. They are an attractive tax-saving…
The taxation of Hybrid Funds has changed significantly from April 1, 2023, following the amendments announced in the Budget 2023. Hybrid funds can now be taxed based on how much of the fund is…
Mutual Funds must have at least 65% of their portfolio invested in equities to qualify for equity taxation. This includes pure equity funds like large-cap, mid-cap, and small-cap funds, as well as…
Shriram Finance fixed deposits is like any other FD, So the taxes are applicable as per the income tax rule. TDS of 10% is deducted on interest exceeding Rs. 5,000 in a financial year (20% without…
To invest in IRFC-REC-PFC Capital Gain Bonds, you must make the RTGS or NEFT transfer to the designated account. Additionally, you need to submit the application form and required paperwork. It is…
No TDS will be deducted from the interest earned from these bonds. IRFC, PFC, and REC are exempt from TDS under Section 193 of the Income Tax Act, 1961. Interest is Taxable. Click here for more…
One of the main reasons investors also choose REC-IRFC-PFC Capital Gain Bonds is to avail themselves of the capital gains exemption under Section 54EC of the Income Tax Act, 1961. This section also…
The tax rate on the HDFC GOI RBI Floating Rate Savings Bond 2020 is subject to the individual’s income tax slab rate. The interest earned on the bond is taxable as per the investor’s applicable tax…
What is Form Form 15H? Form 15H is a self-declaration that may be submitted by senior citizen aged 60 years or above to prevent TDS deduction on your income i.e. interest earned from fixed deposits…