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Steffi Benjamin

Income Tax - Changes after April 1st, 2018

Knowledge Hub
incomta_20180910-104918_1
  A summary of the income tax changes for individual tax payers that were announced during Budget 2018. These changes will be in effect after April 2018. Standard deduction re-introduced: For salaried taxpayers and pensioners, a standard deduction of ₹40,000 has been introduced. The transport and medical allowance has been merged with the standard deduction. Instead to saving the bills and cl...
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income tax ITR Budget 2018 tax cess LTCG STCG NPS
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Steffi Benjamin

Are dividend plans harmful to your wealth?

Investing Insights
dividend plans
A lot of investors choose to invest in dividend plans as they promise a regular income through the dividends. Although regular payouts seem very attractive as opposed to growth plan, which doesn't offer regular income, dividends could end up harming your affluence. Take a peek to know how: Taxation: You pay taxes on your income gains from dividend more than the dividend amount itself. This is beca...
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mutual funds dividends tax
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Sunidhi Beeliya

Got an FD? Here's something you should know about TDS

Investing Insights Tax Saving
tds_on_Fixed Deposit
Investing in fixed deposit could be actually beneficial; still, overseeing some essential aspects could let you face certain loss due to TDS. Priya Sharma, one of my mother's friends and a retired private sector employee, went into deep shock when she got her bank account statement. It showed a 10% deduction of TDS (tax deducted at source) on her FD (Fixed Deposit interest income). Well, just like...
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fixed deposit mutual fund tax
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Steffi Benjamin

Comparison of 8 tax-saving investments under Section 80C

Investing Insights Tax Saving
80C Investment options Tax Saving
 Income tax can play a vital role in the development of country. They account for a vast portion of the government's income and also fund basic provisions to the citizens.Sometimes, these taxes can be rough on the finances of the taxpayer. Hence the government provides a way to save tax and one of them is Section 80c. According to Income Tax Act- 1961, when an individual earns more than ₹ 2,5...
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80C Investment options Tax Saving mutual funds tax
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Steffi Benjamin

How are mutual funds taxed? What are long and short term capital gains?

Investing Insights Tax Saving
How-are-mutual-funds-taxed
​As long as there is income, there is tax. Taxes can be minimized but not escaped. The Mutual funds returns are taxed under the head 'Income from Capital Gains.' Capital gains can be classified as long term or short term capital gains based on the investment holding period. Capital gains tax varies according to the holding period and type of mutual fund. Holding period is the period from the date ...
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tax mutual fund investing investments invest online
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Steffi Benjamin

Why tax saving Mutual Funds (ELSS) over other options?

Investing Insights Tax Saving
Tax-Saving-Mutual-fund---ELSS
One of the best ways to invest is to participate in plans that generate tax-free returns. While there are many available options such as PPF, NSC, NPS and taxing-saving FDs, ELSS trumps as the best investing option.While it does involve market related risks, it also rewards the investors for extra risks. The objective of ELSS mutual funds is to provide tax benefit (up to ₹1.5 lakh) under...
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tax saving tax mutual fund Mutual Funds invest online investments
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