Tag Archives: Provident Fund

Checklist of documents required for Tax saving investments

myITreturn

It is a good habit to maintain a file or a folder of documents required for Income-tax return filing as well as for tax saving investments. If documents are already submitted to the employer for claiming deductions and he has issued Form 16, then it may not be necessary to… Read more »

Tax Saving Investment Options available under Income Tax

myITreturn

You can invest/contribute/deposit/pay in following to save your taxes :- a) Life Insurance policy taken on your life or on your family, premium paid during the financial year shall be deductible b) Contribution towards Public provident fund c) Subscription to National Savings Certificates (Accrued interest on NSC is also deductible… 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 »