How to Minimize Capital Gains Tax on Property
Planning to sell a property but worried about the capital gains tax it would attract? You’re not alone. Many property owners tend to feel this way and wonder if there…
How to Calculate Advance Tax and Avoid Penalties in India
To run the country smoothly, the government needs a steady flow of revenue throughout the year. Since income tax is a major source of this revenue, relying on tax payments…
NPS Tier 1 vs Tier 2 – Which is Better for Your Tax Planning?
In 2004, the Government of India introduced the National Pension System (NPS) as a long-term savings scheme designed to provide individuals with financial security after they retire. Initially, only government…
NPS vs ELSS: Differences and Which is Better for Tax Saving?
Effective tax planning is a cornerstone of sound financial management. Among the various tax-saving investment options available in India, the National Pension System (NPS) and Equity Linked Savings Scheme (ELSS)…
Advance Tax Payment: Step-by-Step Guide to Calculate and Pay Online
When taxpayers' tax liability in a financial year exceeds a certain amount, they are required to pay tax in advance rather than wait until the end of the year. This…
Dividend Distribution Tax (DDT): Meaning, Rates and Calculations
Dividend-paying stocks, mutual funds, and ULIPs are popular ways for investors to generate a stream of regular income. Before 2020, dividend income was tax-free in the hands of investors because…