Contributions made to certain relief funds and charitable institutions can be claimed as a deduction under Section 80G of the Income Tax Act. All donations, however, are not eligible for deductions under Section 80G. Let’s find out how this works.
Long-term capital gain taxability is dependent on the nature of the capital asset. Profit or gains arising on sale of any “capital asset” is termed as capital gain. ‘Capital’ includes property such as land, vehicles and Jewellery, shares and stocks, and securities etc held by a person.
If you invest in stocks, ULIPs, or mutual funds, you will receive a dividend. Dividends are the earned returns paid out to investors who have invested in stocks and similar schemes. Many of you are wondering whether dividends received are taxed in your hands because they are considered income.
There are different types of life insurance plans and policies in India. Read more to learn in detail about the different types of insurance plans in India.
Pension Plan or Retirement Plan is something that helps you build a fund through your earning years to ensure that you have a steady source of income after you retire.
Capital gains is the profit that an investor enjoys after selling a capital asset. Capital asset is an umbrella term which includes land, house property, building, gold, equity investments, and various other assets that generate earnings. To know more about Short Term Capital Gain Tax Visit Future Generali Life insurance.
Government has eased out the financial burden for retired individuals Know the distinction in tax benefits for senior and super senior citizens. This has been reflected in the recent budget, both of which have introduced several changes that offer tax benefit to senior citizens as well as super senior citizens along with health protection.
Learn how to access the benefits and details of your life insurance policy quickly and easily To clarify your doubts and maximise the advantages of your insurance coverage, just follow these simple steps to access your life insurance policy details.
The concept of TDS was introduced with the purpose of collecting tax directly from the source of income. According to this notion, a person (deductor) who is required to make a payment of a specific nature to another person (deductee) must deduct tax at source and send it to the Central Government's account.
Term insurance is the most basic and cost-effective type of life insurance. It offers financial protection for the family of the life insured in return of a set amount of premium payment made for the given duration. A death benefit is provided to the insured's family in the event of the insured's death during the policy term. This plan secures your family's ...
A Unit Linked Insurance Plan (ULIP) is a financial tool holding double benefits of insurance and market linked investments. It becomes promising for individuals who wish to connect their investment with financial security. To know more about ULIPs, feel free to connect with our trusted financial advisors today!
Every year, the finance minister of India announces the new income tax slabs. There are now two separate income tax regimes in place. For some taxpayers its beneficial to opt for new tax regime and for some its beneficial to opt for old tax regime.
