When we Indians start earning for the first time, the first brush with savings happens via EPF deductions. Your salary is automatically deducted and some amount goes towards your EPF corpus. Then comes the first tax-saving season. When we wake…
Category: Tax Saving
How to Claim deduction on Home Loan Interest for Under-Construction House (2025)?
Many buyers prefer to opt for under-construction properties as the prices of such properties are lower than the prevailing market rates of ready-to-move-in properties. So it's more affordable for them as they would need to take a smaller home loan…
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Rs 1.5 lakh (+ Rs 500 more) required to get full Rs 1.5 lakh ELSS tax benefit
If you invest Rs 1.5 lakh in tax-saver ELSS funds in a financial year, chances are that you will not get the full tax benefit on the invested amount of Rs 1.5 lakh. Why so? It is because from July…
Read More Rs 1.5 lakh (+ Rs 500 more) required to get full Rs 1.5 lakh ELSS tax benefit
TDS on PPF Withdrawal: Pay 2-5% if not filed ITR in last 3 years
There is a change in the TDS rules for PPF withdrawals. Going forward, if you haven’t filed your income tax returns (ITR) during the last 3 financial years, then your PPF withdrawals will witness TDS (or tax deduction at source).…
Read More TDS on PPF Withdrawal: Pay 2-5% if not filed ITR in last 3 years
Should I invest more than Rs 1.5 lakh in ELSS funds?
There is a small difference in the following 2 questions: SHOULD I invest more than Rs 1.5 lakh in ELSS funds? And next one is CAN I invest more than Rs 1.5 lakh in ELSS funds? As you would have…
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How to get Same Day NAV for MF investments?
Many mutual fund investors invest a lumpsum amount to take benefit of sudden and sharp market movements. And they want to get the same day’s NAV when they invest. But this isn’t as easy as it might seem now. As…
Rs 1 Crore corpus with tax-saver ELSS Funds
Many people have a goal like that - to have Rs 1 crore corpus someday. Its another matter whether it would sufficient or now (read why here). But most Indians focus more on tax-saving that anything else in their financial…
How many ELSS funds to invest in your Portfolio?
When it comes to wealth creation and tax-savings investment options, an equity-linked savings scheme (or ELSS) is one of the best instruments to save taxes and generate good returns. But many investors are not sure about how many ELSS funds…
Don’t Invest in a new ELSS fund every year
Yes. This is a very common mistake that many ELSS investors make. They invest in a different new ELSS scheme every year and as a result, end up with several ELSS schemes after a few years. One thing to understand…
SIP vs lumpsum in ELSS Funds tax saving: Which is better (2025)?
It is that time of the year when people are looking for some last-minute tax saving. And amongst the many available tax-saving options, the tax-saver ELSS funds are one of the popular ones. It has the potential for generating high…
Read More SIP vs lumpsum in ELSS Funds tax saving: Which is better (2025)?
Joint Home Loan repayment Tax Benefits (2025)
Can both husband and wife claim income tax deduction for home loan repayment? Or, How do I claim tax benefit on a joint home loan? Or, Can both husband and wife claim housing loan benefits? These are some questions with…
EEE Vs EET Vs ETE: Tax Exemptions in India (2025)
When it comes to tax-saving in India, it is very important to understand the meaning and difference in terms like EEE, EET and ETE. During tax season or while having tax-related investment discussions, these three terms are widely thrown around.…
Is taxable PF interest (Rs 2.5 lakh) rule applicable to PPF?
The Budget 2021 has proposed that from April 2021, interest on any contribution above Rs 2.5 lakh per year in PF will be taxed. There is some confusion among a few people that will this rule also apply to the…
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Should you still invest more than Rs 2.5 lakh in EPF?
The Budget 2021 changed the EPF interest taxation rule (details here). Now if the employee contribution to PF (via EPF and/or VPF) exceeds Rs 2.5 lakh in a year, then the interest on the additional amount (above Rs 2.5 lakh)…
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EPF Interest on contributions above Rs 2.5 lakh per year now taxable!
The Union Budget 2021 has capped the tax exemption for interest earned on Employees Provident Fund (EPF) and Voluntary Provident Fund (VPF). This might not be welcome news for high-earners and more so for those whose (employee) contribution was more…
Read More EPF Interest on contributions above Rs 2.5 lakh per year now taxable!