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"Income Tax" tag
life-insurance-save-income-tax

How life Insurance helps to save Income Tax

Most investors today use life insurance products as a tool for saving income tax. The investor or the policyholder enjoys income tax benefits on the premiums paid as well as on the maturity proceeds under...

family income tax MarketExpress-in

Let your family help you in reducing your income tax

The salaried class of the country had lot of expectations in reducing their tax liability when BJP led government presented its first budget for the financial year 2015-16. Unfortunately their expectations failed miserably as the...

Financial Planning : Baby steps with perspective - MarketExpress

Financial Planning: baby steps with perspective

Ask, answer, and act!  In the previous article of this series, we saw that financial planning is an activity that ensures an individual and his loved ones can face planned/unplanned expenses at any point in...

Abolishing Income Tax-MarketExpress

Abolishing income tax

The idea of abolishing income tax is not a new idea. While working in the Ministry of Finance thirty years back I have seen such budget proposals from various agencies sent to the government. But...

Budget 2012 : Get to know your Tax rate

As per Budget 2012 proposal Basic limit upon which No income tax will be levied has been raised to 2 lakh from 1.8 lakh. Income Rate of Tax Up to 2 lakh NIL From 2...