Category Archives: Taxation

Tax Benefits of Insurance Plans aka Medical and Life Insurance Policies

Buying Insurance Plans are one the important essentials of an earning individual who has family dependents. The important part of insurance planning is Tax saving and Tax planning. Smart planning before choosing your insurance plan serves the dual objective to meet all the major financial goals with tax savings advantage. Tax savings through insurance plans… Read More »

Standard Deduction of Rs.40,000 in 2018, Income Tax Benefits

Medical and Transportation Allowances Subsumed into Standard Deduction Standard Deduction: Budget 2018 has not cheered the Salaried Class at all, neither the tax slab is changed nor the deduction limit under section 80C is hiked. The tax rebate of Rs.5,000 has been reduced to Rs.2,500 and that too up to the taxable income of Rs.3,00,000… Read More »

Long Term Capital Gains Tax on Stocks and Equity Mutual Funds in Budget 2018

LTCG Tax on Stocks & Equity Mutual Funds in Budget 2018 Budget 2018 has re-introduced Long Term Capital Gains Tax arising from sale or transfer of equity shares as well as equity mutual funds at the flat rate of 10% without indexation. Tax on Short Term Capital Gains remains same at 15%. The proposed amendment… Read More »