How to save Tax


Section 54, 54EC, 54F: Exemption from Long Term Capital Gains Tax

At the time of sale of any Long Term Capital Asset, the Gains are usually very large and are taxed @ 20%. The Resultant Figure to be paid as Tax… Read More


Tax Benefit on Home Loan: Section 24, 80EE & 80C

A very important criterion to be kept in mind while taking a Home Loan is the Tax Benefit on Home Loan. To explain the Tax Benefit on Home Loan, we… Read More


Tax Planning: How to Save Tax legally in 8 most effective ways

The Indian Income Tax Act allows for certain deductions which can be claimed to save tax at the time of filing of Income Tax Return by all classes of Taxpayers… Read More


Form 15G & Form 15H to Save TDS on Interest on Fixed Deposit & Recurring Deposit

Form 15G & Form 15H are self-declaration forms required to be furnished by the Assessee to his Banker for Nil Deduction/Lower Deduction of TDS on Interest on Fixed Deposit/ Recurring… Read More


PPF Account and PPF Interest Rate @ 7.6%

We all have heard a lot about PPF Account and seen our parents make investment but what is PPF Interest Rate in India and what are the benefits of investing… Read More

Rajiv Gandhi Equity Saving Scheme

Section 80CCG: Rajiv Gandhi Equity Saving Scheme (RGESS)

To promote the Retail Investor to invest in Shares and Mutual Funds, the Govt has introduced the Rajiv Gandhi Equity Saving Scheme (RGESS) which allows a deduction under Section 80CCG… Read More


How to create HUF Capital and put Money in HUF Account?

In our exclusive coverage of HUF’s, we have previously explained How HUF’s help in saving taxes and how to create a HUF and in this article we would be focussing… Read More


How to start HUF & create HUF Deed?

In our previous article, we focussed on how a HUF can be used to save taxes legally and we have received a tremendous response for the same from our readers… Read More


Save Tax by forming HUF: Benefits & Drawbacks

A very effective and legal way advised by chartered accountants to save tax is HUF i.e. Hindu Undivided Family. In India there are many families which are undivided and the… Read More

Tax Saving Mutual Funds: Should you be investing in them?

Section 80C allows for deductions for investments in specified instruments and investing in Tax Saving Mutual Funds is one such specified instrument which can be claimed as a deduction under… Read More

Tax Free Bonds: Should you be investing in them?

In India there are 2 types of bonds through which the tax liability of a person can be reduced:- Tax Free Bonds Capital Gain Bonds Tax Free Bonds are the… Read More


Tax Planning vs Tax Avoidance vs Tax Evasion

The tax liability of a person can be reduced through Tax Planning, Tax Avoidance & Tax Evasion. Although, in common parlance these terms are used interchangeably, these terms are technically… Read More


8 Effective ways of earning Tax Free Income

Tax is payable on all incomes earned in India by an Indian resident. However, there are some exceptions to this rule and some incomes have been specifically exempted from tax… Read More


Section 80E: Income Tax Deduction for Education Loan

As per the Income Tax Act, a taxpayer is allowed to claim deduction under Chapter VI-A for the Repayment of Education Loan (Section 80E) and for the Repayment of Home… Read More

Deduction under Section 80TTA :Tax on Interest on Savings Account

We all have a tendency of checking the amount of Interest on Savings Account earned during the year, but do we know the manner in which this Interest is computed… Read More