Page 6 - ஊழிப் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from ஊழிப். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In ஊழிப் Today - Breaking & Trending Today
Updated Feb 02, 2021 | 07:31 IST Presently proceeds received on life insurance policies including ULIPs enjoy tax exemption under section 10(10D) if the premium for the policy does not exceed 10% of the sum assured. Representational image The finance minister has proposed amendments in the Income Tax Act in an attempt to make the Unit Linked Insurance Policies (ULIP) issued by life insurance companies on par with listed equity investments. Present Provisions Presently proceeds received on life insurance policies including ULIPs enjoy tax exemption under section 10(10D) if the premium for the policy during the premium paying term does not exceed 10% of the sum assured. So as long as the premium paid does not exceed 10% of the sum assured the money received in respect of such policies is fully tax-free in the hands of the policyholder. However, death claims received are fully tax-free irrespective of the quantum of premium paid. ....
Retirement is not just about surviving; it s about living life king-size Retirement is not just about surviving; it s about living life king-size Contrary to what you might think, retirement planning is not just about being able to pay for your meals till the very end. It is about much more, so much more. advertisement Image Credits: Getty Smart are those who plan ahead. Smarter are those who plan for retirement. Because after years of toiling and working hard to earn, to save, when you finally reach the golden years of your life, you would obviously want financial security even in the absence of a steady monthly income. The freedom to do what you want to without worrying about money and peace of mind that you have your family/spouse covered. Because contrary to what you may think, retirement planning is not just about being able to pay for your meals till the very end. It is about much more, so much more. Imagine having a neat retirement plan to tap into once ....
5 tax-saving investments for you The limit for investing in tax-saving instruments is Rs 1.5 lakh for income earned in 2020-21. Note to readers : Every year, our last date to plan for our income-taxes is March 31. Yet, despite knowing this, we procrastinate and postpone our income tax planning. But this financial year (2020-21) has been tough due to Covid-19 and many of us lost our incomes and jobs. While we hope for better times ahead for our readers, now is a good time to plan our tax-saving investments if we haven’t done it already. Our first story answered five crucial income tax planning related questions. The second story, here below, talks about the best five tax saving instruments. And the last instalment in this series, is about 4 most common mistakes we make while planning for our taxes. ....
Budget 2021: What tax experts, insurance companies and mutual funds want The last increase in the deduction limit under Section 80C to Rs 1.5 lakh a year was in 2014 and an upward revision is long overdue January 14, 2021 / 09:12 AM IST As the date of the Union Budget 2021 nears, various industry associations and taxation experts have been making suggestions to the finance minister for easing the burden on taxpayers. Here are some key recommendations given by the Bombay Chartered Accountants Society, Indian Merchants Chambers (IMC) of Commerce and Industry and the Association of Mutual Funds of India (AMFI) to the finance ministry. Real Estate ....