What is form no 12bb? Form 12BB is a statement of claims by an employee for deduction of tax. Salaried employee should fill the form and submit to his/her employee to claim tax benefits on investments and home loans. Form 12BB has to be submitted at the end of the financial year to employer. Why is form 12bb required? Form ...
Mutual funds provide flexible investment option by allowing investing in SIP. There are 1000 of mutual funds available in market. In this, set of mutual funds are Tax saving mutual fund, also called Equity Linked Savings Scheme (ELSS. These funds are mutual fund schemes that invests in equity & equity related securities. Investment in ELSS mutual funds can be shown ...
This post, we would discuss how to save tax by planning and understanding of different income tax section. Tax Planning is important to get maximum benefit for your investments HRA: This is for individuals who stay in rented home. The exemption for HRA benefit is the minimum of: i) Actual HRA received ii) 50% of salary if living in metro ...
Financial Literacy in India is very low. This blog post we are list 75 checklist to generate your financial knowledge score. If you answer for the question is “yes”, you score 1. Read all the checklist and calculate your number of “YES”. If you score more than 60, you are literate financially. 50 to 60, you have to improve. 30 ...