Zero Income Tax – How 10.25 Lakh annual income can be tax free?

Zero Income Tax – How 10.25 Lakh annual income can be tax free?

Zero Income Tax – If your income is 5 Lakh per annum you need not to pay income tax. This is as per Union Budget 2019. It is perhaps the best gift to Indian tax payers, especially to salaried people. Not only that if you utilize section 80 C completely you can save income tax up to gross income of 6.5 Lakh. You need to make investment of 1.5 Lakh under various tax saving instrument under section 80 C. But, […]

Leave Encashment Calculation & Taxes

Leave Encashment Calculation & Taxes

Leave Encashment is a process where you can get money for the unused balance leaves. Most of the people are not aware of Leave Encashment Calculation and Applicable taxes under various conditions. In order to help them, here is complete information about Leave Encashment Calculation and applicable taxes. Salaried people have different types of leaves like casual leave, privilege leave, sick leave etc. All these leaves are not encashable. Only a few types of leaves are encashable. One such leave […]

5 Income Tax Changes and Impacts – Budget 2019

5 Income Tax Changes and Impacts – Budget 2019

It’s time for Interim Budget 2019-20.A Budget 2019 was announced by Finance Minister Piyush Goyal. The expectation from the budget was very high. Up to some extent these expectation were fulfilled. Major Income tax related changes were announced in budget 2019. Let’s take a look at 5 New Tax Changes and its impact post Budget 2019. 5 Income Tax Changes and Impacts – Budget 2019 Change in Income Tax liability and Rebate Benefits The first change is no income tax […]

19 Best Mutual Funds to Invest in 2019 -20

19 Best Mutual Funds to Invest in 2019 -20

Looking for the best mutual funds which will give maximum returns? In this post, I will share 19 Best Mutual Funds to Invest in 2019-20. It is difficult to predict that which mutual funds turn out as a best mutual funds in 2019. However, by doing proper research and following correct selection method one can zero down to best mutual funds for investment in 2019-20. Let’s do one exercise. Close your eyes and answer one simple question. Given a chance […]