5 days left for tax-saving. Have you done it right?

THE ECONOMIC TIMES Mon, Mar 26, 2018 | 03:55 PM IST Tax-saving guide

Have you done your tax-saving right? Have you done your tax-planning in a well-planned manner? Here are 5 questions you must answer to see if you are on the right track.

You can cut tax via these 3 expenses and interest income also: Find out how Here are a few more breaks available under 80C and various other sections of the I-T Act that you can make the most of to further reduce your taxab... Planning to buy health insurance to save tax? Watch out for these factors One should not buy health insurance plan to save on tax. It is used to take care of you and your family in case of medical emergencies.... Invest in these tax-saving schemes by March 31 to keep your accounts active Here is a look at the minimum amount you need to invest in some schemes to keep them active and what happens if it is not done.... These four expenditures can help you save tax under section 80C If you have incurred any of the below-mentioned expenses in the FY 2017-18, then you can claim deduction for it up to a maximum of Rs 1.5 lakh.... How to check if employer is depositing your TDS with the government If TDS is cut from your salary and is not deposited with department there will be a mismatch in your Forms 16 and 26AS, which can in turn lead to l... How to claim tax benefit on tuition fees under Section 80C When you pay your kids' tuition fees, it qualifies for income deduction and also helps in reducing your tax liability.... Claiming HRA tax exemption in different rental situations Here are 3 scenarios young earners are likely to face while claiming tax exemption on HRA and how they can deal with it.... Don't forget to claim your LTA tax exemption this year: Here is how LTA exemption is available for 2 journeys in a block of 4 yrs. While the current block is 2014-17, one can carry it forward to the next block year.... Is your single premium life insurance policy eligible for tax benefits? Until the ratio between the premium and the sum assured is met, you may not be able to avail tax benefits on your policy.... Investing in ELSS to save tax? Diversify to balance out fluctuating returns over 3 years Look at the portfolios of the ELSS schemes and ensure that the ones you have selected have varied allocation to different sectors and stocks.... Check before you donate: Will you get 50% or 100% tax benefit under Section 80G? Section 80G of the I-T Act allows donations made to specified relief funds and charitable institutions as a deduction from gross total income.... How to save tax on health insurance premium | Complete Guide Premium paid towards health cover for self, family and parents not only provides financial help in case of medical emergencies but also reduces tax... Here's why one should not fall for guaranteed life insurance plans The effective annualised return from a traditional life insurance policy is around 5%. For guaranteed plans, it's even lower.... How to open a Sukanya Samriddhi Account | Step by Step Guide Generally, all banks that provide the facility to open a Public Provident Fund account offer one for Sukanya Samriddhi Yojana too.... You cannot claim common tax breaks under Sections 80C to 80U for LTCG or STCG It is thought that taxpayers can claim deductions under sections 80C to 80U of the Income-tax Act from gross total income to reduce the total tax o...

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