The Voluntary Provident Fund (VPF) – A Comprehensive Guide
For individuals aiming to maximize their savings while enjoying significant tax benefits, the Voluntary Provident Fund (VPF) presents an attractive option. The VPF, a government-backed scheme, extends beyond the mandatory Employees’ Provident Fund (EPF), offering enhanced returns and flexible investment opportunities. This comprehensive guide covers everything you need to know about...
Fixed Deposit Returns vs. Other Asset Classes Returns
Navigating today’s complex financial landscape can be daunting, with choices ranging from stocks and mutual funds to gold and fixed deposits (FDs). Amidst market volatility, experts advocate for constructing a diversified portfolio, leveraging assets like stocks or mutual funds to weather fluctuations. Gold serves as a stable diversifier, less susceptible to financial tightening,...
Complete Guide On Income Tax Declaration
It is that time of the year when you’re supposed to share your investment declaration proofs with your employer. While there are sufficient ways to make tax-saving investments, you will need to declare it to your employer by submitting the required proofs or supporting documents to claim these deductions. But what proofs are required to be submitted? And what happens if you fail to...How to save tax under Section 80C?
Section 80C is the most popular section of Income-tax. Maximum 150000 deduction is allowed and you can save up to 45000 tax every year by utilizing this section. Under 80C, public provident fund, life insurance policies, tax-saving fd’s, equity-linked saving schemes (ELSS) are few most popular tax saving options. But many few people know tuition fees paid for child education can...
