The income that NRI earn abroad is not taxable in India. Nevertheless,some NRIs also have an earning in their aborigine country, India in the form of interest from deposits, property rent, etc. This income has a basic limit of exemption, which is Rs2 lakhs. If the NRI earnings from such native sources cross the fixed […]
Tax planning
5 Mistakes You Should Avoid in Selecting Tax Saving Investments
The word ‘tax’ troubles every salaried individual and business person, equally. Nobody likes when a portion of their income gets deducted in the form of tax. Therefore, individuals that fall in the tax bracket, choose certain tax-saving schemes like PPF, Mutual Funds, and tax-saving FDs, life insurance, Mediclaim policy or property investment. The deduction available […]
How to get exemption from paying Capital Gain Tax?
One of our distinguished Finance Ministers had made this famous statement in one of his speeches, “Even God would not like to pay taxes!” reinforcing the general dislike of tax payers in paying taxes. However, our lawmakers are human, and they understand this general aversion of people to pay taxes. That may be one of […]
What every investor needs to know about Capital Gains Account Scheme
Listen to this article The Query Mr Chaudhury has just sold his old ancestral house for a lump sum consideration of Rs.20,00,000. He has now set his eyes on a new apartment which is due for possession within the next two years. Mr. Chaudhury is in a dilemma, he is aware that the amount he […]
An overview of taxation on India ESOPs for US based NRIs
Listen to this article Employee Stock Option Plans (ESOPs) is a beneficial plan given to the employees of a company to buy the company shares at a pre-decided price and it forms part of taxable income. Most senior employees working with bluechip companies get ESOPs regularly and they have to pay tax on their ESOPs. […]
The Surprising Truth about CTC which Your Employer won’t Tell You
Listen to this article Campus placement is fashionable today. Students feel very proud and happy to share with others about their pay package. They think higher the pay package, higher will be their monthly salary. They just divide their package by 12 and calculate the monthly cash inflow and build their castle on it. These […]
