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Tax planning

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Tax Planning – EEE = 100; ETE = 96; EET = 80; What is E and T ?

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Every year we are doing investment and tax planning.  Before invest the money to grow or planning for tax saving,  understanding the basic difference between investment instrument is important.  We are investing the money to get better returns.  The actual profit should be calculated by return from the investment – Tax on that investment.  Simply looking the return from the investment may...

Last Minute Tax Planning – 80C 1.5 Lakhs for Mutual funds as well.

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In India, section 80C allows 1.5 lakhs from gross total income for investments,insurance and specified expenses.  This 1.5 Lakhs is non taxable to encourage saving and investment among indian citizens.  The eligible investments include life insurance, Equity Linked Savings Schemes (ELSS) mutual funds, Public Provident Fund (PPF), National Savings Certificate (NSC), etc., while expenses and...

What is Personal Finance?

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The world of personal finance is simple, but it looks complicated. Every person is doing personal finance unknowingly. The proper way of planning and organization the personal finance would help to save and grow the money. In this section, we are going to discuss on investment in personal finance. The longer I go on, the more I am aware of the power of finance – Justin Welby Initially we...

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