Discover and read the best of Twitter Threads about #TaxSaving
Most recents (8)
💡5 Points to consider before switching to new tax regime -
..🧵
Retweet for max reach ♻️
#tax #newtaxregime #taxsaving
..🧵
Retweet for max reach ♻️
#tax #newtaxregime #taxsaving
🪙Business income will mean additional compliances
Tax laws consider trading in derivatives and commodities, freelance work, income from YouTube or any other content publishing platform, among others, as business income. So if you are a salaried taxpayer who also has
a business… twitter.com/i/web/status/1…
Tax laws consider trading in derivatives and commodities, freelance work, income from YouTube or any other content publishing platform, among others, as business income. So if you are a salaried taxpayer who also has
a business… twitter.com/i/web/status/1…
🪙 Home loan deduction only if
property rented out
Under the new tax regime, a deduction for interest paid on housing loan can be claimed only
if the said house for which the
loan has been taken is rented out.
Also, this deduction is limited to the amount of rent, and if you… twitter.com/i/web/status/1…
property rented out
Under the new tax regime, a deduction for interest paid on housing loan can be claimed only
if the said house for which the
loan has been taken is rented out.
Also, this deduction is limited to the amount of rent, and if you… twitter.com/i/web/status/1…
ELSS vs PPF
A short thread...
ELSS (Equity Linked Savings Scheme) and public provident fund PPF, both help you save taxes, but apart from that, they differ on many parameters.
#ELSS #PPF #Taxsaving #investing #investingtips #mutualfunds #wealth
A short thread...
ELSS (Equity Linked Savings Scheme) and public provident fund PPF, both help you save taxes, but apart from that, they differ on many parameters.
#ELSS #PPF #Taxsaving #investing #investingtips #mutualfunds #wealth
In India, With both ELSS and PPF, you can get a maximum deduction of INR 1.5 Lakh under Section 80C of the Income Tax Act, 1961.
#WealthCreators #stockmarket #MoneyMatters
#WealthCreators #stockmarket #MoneyMatters
What are ELSS funds?
ELSS is d tax saving mutual fund which serves both d purpose of saving taxes & help U create long term wealth. ELSS funds generate returns by investing in equity & related instruments. This makes it a suitable investment option 4a person with LT goals.
ELSS is d tax saving mutual fund which serves both d purpose of saving taxes & help U create long term wealth. ELSS funds generate returns by investing in equity & related instruments. This makes it a suitable investment option 4a person with LT goals.
Have you ever wondered how much you need to save for your retirement? Ever wonder if you will make it or fall short?
Over 600+ clients have benefited from our Financial Planning engagement!
Here are FIVE ways financial planning can help you! (1/13)
#financialindependence
Over 600+ clients have benefited from our Financial Planning engagement!
Here are FIVE ways financial planning can help you! (1/13)
#financialindependence
Before we begin, financial planning is a very personalised process. Every person's need is different. That is why we aim to craft tailor-made financial plans to meet each individual's needs. (2/13)
#financialplanning #personalfinance #savingstips
#financialplanning #personalfinance #savingstips
#1 Achieving Your Goals
Managing your finances in a way through which we can help you meet your goals is the crux of the planning process.
Proper planning can help you accomplish goals that you thought were far out of reach! (3/13)
#financialplanning #financialgoals
Managing your finances in a way through which we can help you meet your goals is the crux of the planning process.
Proper planning can help you accomplish goals that you thought were far out of reach! (3/13)
#financialplanning #financialgoals
Some quick tips on the last day of the financial year for #taxsaving
1. Get additional 50K deduction by investing in NPS. You can pay via your credit card as well.
Read more - elearnmarkets.com/school/units/t…
1. Get additional 50K deduction by investing in NPS. You can pay via your credit card as well.
Read more - elearnmarkets.com/school/units/t…
2. You may do tax loss harvesting- sell shares at loss to & offset it against gain already booked. Reduces tax on STCG.
Read more here - elearnmarkets.com/blog/avoid-hig…
Read more here - elearnmarkets.com/blog/avoid-hig…
3. Tuition fees paid for 2 kids is allowed as deduction u/s 80C.
Ensure you exhaust 150000 limit of 80C. To know where all you can invest check - elearnmarkets.com/school/units/t…
Ensure you exhaust 150000 limit of 80C. To know where all you can invest check - elearnmarkets.com/school/units/t…
House rent allowance.
If I had a penny for every time I was asked about HRA, I probably wouldn't be making this thread :p
A master thread on HRA deduction
#taxsaving #incometax
1/n
If I had a penny for every time I was asked about HRA, I probably wouldn't be making this thread :p
A master thread on HRA deduction
#taxsaving #incometax
1/n
House Rent Allowance (HRA) granted to an employee is exempt to the extent of least of the following:
•HRA actually received
•Rent paid (-) 10% of salary for the relevant period
•50%/ 40%* of salary for the relevant period
2/n
•HRA actually received
•Rent paid (-) 10% of salary for the relevant period
•50%/ 40%* of salary for the relevant period
2/n
*50% in case of Metro Cities (Delhi, Mumbai, Kolkata, Chennai),
40% in case of other cities
Note: Bangalore counts in other cities, before you ask.
3/n
40% in case of other cities
Note: Bangalore counts in other cities, before you ask.
3/n
A Thread🧵on various #IncomeTax #Deductions.
Must read for everyone.
A simple & legitimate way to to save taxes every year!
(RT to maximize reach.)
Money Saved is Money Earned !
#IncomeTax #Tax #ELSS #TaxSaving #Investing #TaxPlanning
Images Courtesy : Internet.
Must read for everyone.
A simple & legitimate way to to save taxes every year!
(RT to maximize reach.)
Money Saved is Money Earned !
#IncomeTax #Tax #ELSS #TaxSaving #Investing #TaxPlanning
Images Courtesy : Internet.
When the month of March starts or is about to end suddenly everyone remembers one thing #TaxSaving ...
This is where #TaxDeductions come into picture.
Deductions allowed under #IncomeTax act help you reduce your taxable income.
This is where #TaxDeductions come into picture.
Deductions allowed under #IncomeTax act help you reduce your taxable income.
People normally know a bit about Section 80C Deduction which allows a person to claim a deduction of Rs 1.5 lakh on total income.
But there are various other common deductions which anyone can claim.
This thread is about such common deductions.
But there are various other common deductions which anyone can claim.
This thread is about such common deductions.
A Thread 🧵80 C Deduction of Income Tax.
Must read for everyone.
A Simple way to to save tax upto Rs. 46,800 each year!
(RT to maximize reach.)
@caniravkaria @CAPratik_INDIAN views welcome 🙏
#IncomeTax #Tax #ELSS #TaxSaving #Investing #TaxPlanning
Must read for everyone.
A Simple way to to save tax upto Rs. 46,800 each year!
(RT to maximize reach.)
@caniravkaria @CAPratik_INDIAN views welcome 🙏
#IncomeTax #Tax #ELSS #TaxSaving #Investing #TaxPlanning
When the month of March starts or is about to end suddenly everyone remembers one thing #TaxSaving ...
This is where #TaxDeductions come into picture.
Deductions allowed under the #IncomeTax act help you reduce your taxable income.
This is where #TaxDeductions come into picture.
Deductions allowed under the #IncomeTax act help you reduce your taxable income.
Deduction under Section 80 C is a popular tax deduction section which allows you to claim a deduction of Rs 1.5 lakh on your total income.
By completely utilizing this deduction limit, a person can save tax upto Rs. 46,800 each year! (For person
falling in tax bracket of 30%).
By completely utilizing this deduction limit, a person can save tax upto Rs. 46,800 each year! (For person
falling in tax bracket of 30%).
What can we teach #children about #financialindependence?
What is the right #assetallocation strategy?
