Tax Planning for Salaried Employees

 If a salaried person plan his taxes properly( availing all deductions), He need not pay any income tax till the gross income up to 10 lacs Rupees.  Please ensure that  you are availing all these below mentioned deductions( shaded in yellow).:




Comments

Post a Comment

Popular posts from this blog

The Power of Compounding

  1. 1% return per day for a year (365 days) will generate NOT 365% returns but a whopping "3600%" returns.   2. If a Stock gives 100% return every year for 5 continous years, then the total return is NOT 500% but instead, it is a whopping "3200%".   Explanation: 100% increase every year means doubling every year. So, in 5 years, it will become 2^5=32 times initial Investment.   3. If you invest Rs. 10L (only one time) for 50 years at a rate of return of say 14%, it doubles every 5 years, so, in 50 years there are 50/5 = 10 time period. So, Rs. 10L will become 2^10 = 1024 times ie Rs. 102 Cr.   4. Reverse case/mirror image of Compounding is "Inflation". It destroys your wealth "exponentially".   5. Example of Inflation or Money Devaluation:-   If you have Rs. 100 and Potato Price is Rs. 4/Kg today, you can buy 25 Kg of Potato for Rs. 100.   Next year, Potato price becomes Rs. 5/Kg. Thus the same Rs. 100 is able to buy ...
Read more

Welcome to my website

 I am Anand T V.  I am an NISM/AMFI Registered Advisor. My focus is on Investments thru various Mutual Fund Products for Wealth Creation, Retirement Planning, SIPs etc. Best Regards, Anand T V ☎ ️ +91-9082197152  🏆 NISM Certified/Registered 🏆 AMFI/CAMS Certified/Registered 
Read more

Investment avenues under different asset categories

      Equity Fixed Income •       Blue-chip Companies •       Mid-sized companies •       Small-sized companies •       Unlisted Companies •       Foreign Stocks •       Equity Mutual Funds •       Exchange Traded Funds •       Index Funds •       Fixed deposit with a bank •       Recurring deposit with a bank •       Endowment Policies •       Money back Policies •       Public Provident Fund •       Sukanya Zamudio Yojana (SSY) •       Senior Citizens’ Savings Scheme (SCSS) •   ...
Read more