Tag Archives: insurance

Tax implications of a LIC Policy

myITreturn

Life is important and life lost has a tremendous impact on your near and dear ones. The emotional scars are hard to cure but one may never want their family to go through financial crisis as well. With this view Insurance has been allowed as a major deduction by the… Read more »

How to save taxes on bonus?

myITreturn

Bonus is one thing that each employee cherishes but well, it can also escalate the amount of Income-tax payable by you. Bonus from your employer is fully taxable in the year in which you receive it. So next time you receive a bonus, be happy but at the same time… Read more »

Plan your taxes well in this New Year.

myITreturn

Wish you and your family a very happy and prosperous New Year! It is a new calendar year but there are still three months for Financial Year 2015-16, to end! So let us together plan for Tax savings. The Income-tax department, in a bid to encourage investments provides tax benefits… Read more »