Budget 2018: Here's how much the tax reliefs you want will cost the finance minister

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THE ECONOMIC TIMES Tue, Jan 30, 2018 | 06:30 AM IST ET Wealth Newsletter

WHAT'S HOT #RERA,#sukanya samriddhi yojana calculator,#tax filing,#income tax,#critical illness,#taking a personal loan,#tax saving

Budget 2018: Here's how much the tax reliefs you want will cost the finance minister Taxpayers expect big tax cuts this year. But it seems unlikely that their hopes will be fulfilled. Budget 2018: These are the taxes it could hike and how you will be hit Along with hopes there are fears of unpleasant surprises the Budget could spring. ET Wealth lists the possibilities and how they can impact you. You can save over Rs 1 lakh in tax just via these 4 avenues The Income Tax Act, 1961 provides several avenues by way of deductions under different sections of the Act, to help one invest or make an expense to reduce the tax outgo. How to build a large corpus despite limited savings Starting small is better than delaying investments. This is because any delay will make accumulating the desired corpus much more difficult. From our Partners Send your Budget wish to the FM, win a hamper Post a video upto 90 secs here using #ETBudgetWishlist and grab the opportunity. From our Partners Six smart things to know about bonus in insurance plans Not all life plans are eligible for bonus. Plans can either be participatory, thereby qualifying for bonus, or non-participatory, that do not qualify for bonus. Why your bias for complex investment products can take your money for a ride The common person is biased towards complex and feature-rich products and services. The fallout is he gets taken advantage of by wily marketers The 7 don'ts of investing in a bull stock market Rookie equity investors, lured by the gains being made by people around them as the market touches new highs every day, run the risk of making costly errors. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Mirae Asset India Opportunities Fund Direct- Growth 3.67 13.54 35.43 15.35 Invesco India Growth Fund Direct-Growth 3.22 14.36 37.36 14.84 JM Core 11 Direct Plan-Growth 1.07 8.62 31.47 14.64 Mirae Asset India Opportunities Fund Regular- Growth 3.60 13.14 34.46 14.46 Kotak Select Focus Fund Direct-Growth 2.22 9.11 29.42 13.79 FeaturedDSP BlackRock MIP Direct Plan-Growth ★★★★★ -0.02 3.69 8.79 8.76 Start SIP Budget 2018: Here are the tax reliefs that salaried tax-payers are hoping for Here are some changes in the exemption limits and deductions on various allowances which the salaried taxpayers are expecting in Budget 2018. Can you claim HRA tax exemption for rent paid to spouse? Here's what experts say A taxpayer is entitled to claim HRA exemption for rent paid to his or her spouse provided there is documentation to prove that the arrangement is genuine.

Financial Calculators Tax Impact Calculator This tax calculator will help you estimate your tax liability. Just input your personal income details and know how much you would be liable to pay. Home Loan Refinance Should you refinance your home loan? Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy. More Calculators

These 5 biases can make you your own enemy while investing in stocks: View With markets touching new highs, here are five ways how investors become their own worst enemies. Budget 2018: What tax-payers want from the FM Despite the clamour for tax cuts, if one avails of all the tax benefits available, the tax rates in India are not very high. Real estate market shrugs off impact of demonetisation, RERA, GST Sale of residential real estate picks up after a five-quarter low as various property markets started showing signs of returning to normalcy. Are you paying too much tax? Every taxpayer thinks he pays too much tax. ET Wealth looks at how the effective tax rate has changed in the past nine years for various income levels. How your income tax has changed over the last 9 years In Budget 2010, Income tax slabs were changed. Additional deduction for investing up to Rs 20,000 in infra bonds under Sec 80CCF. Expect returns in 2018 to be lower than last year: Ravi Gopalakrishnan, Canara Robeco AMC "If crude prices continue to rise beyond $70-$75 per barrel and stay elevated, then it will have an impact on India. It does create pressure on fiscal deficit," says Ravi Gopalakrishnan, Canara Robeco AMC . Here is how to land a job during campus placement Your first job is important. So, instead of worrying whether you will get a job in one of your dream companies, channelise your anxiety into preparing for a successful placement. Why you should review and modify your investment portfolio annually Sanjana has been investing to meet her long-term financial goals. However, she wonders if she is saving enough. How can she monitor and review her portfolio? UTI Mid Cap Fund: Healthy long-term track record While the fund has underperformed in recent years, amid a largely growth and momentum-driven rally, its longer term track record is healthy. How to update your KYC details The investor wanting to change his KYC information can approach a point of service of the KRA, R&T office or AMC office in order to get the details changed. 59% Indians make sure they are saving for retirement: Survey 42% Indians are on course to achieving retirement needs and will achieve target retirement income, finds the Aegon Retirement Readiness Survey 2017. Stock pick of the week: Why analysts are bullish on IDFC Bank Merger with Capital First will help IDFC Bank gain exposure to newer market segments, boost its branch network and help boost the bank's growth. 5 smart things to know about Atal Pension Yojana To receive a pension of Rs 5,000, a person who joins at 18 will make a monthly contribution of Rs 210 while a person who joins at age 35 will contribute Rs 902. Family Finance: Why salaried Patil will be able to achieve his goals easily Ramdas Patil goals include building an emergency corpus, buying a house, saving for his child's education, and his retirement. Alternative investment returns monitor: For the week ending Jan 24, 2018 Here's a weekly tracker of returns from such investments. But don't compare these with returns from traditional investments.

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