To live a healthy and meaningful life, it is very important to maintain good balance between work and life as well as have high mental peace. However, the fast paced and technology driven world of the present era has been making this an exceedingly difficult goal to achieve. Moreover, people today are becoming so much career driven that they are losing touch with their personal self. People today do not have time even for themselves. It is skewing their work and life balance. Nonetheless, there are countries who have been ranked to have best work-life balance and mental peace. This list was created by Organization for Economic Cooperation and Development (OECD) on the basis of three chief variable including the number of hours worked per week, the employment rate for women who have children and the space dedicated to the leisure and personal care.
February 2015 archive
Salaried employees tend to make investments near the end of every financial year in order to minimize taxes. However, there are other options available as well that can be helpful in saving tax. Enlisted below are some useful tax saving tips for salaried employees in India that you may find helpful:
Though it is not an always available option, however, if your organization permits, it is one of the best ways to save tax. You just need to restructure a few components to bring down your tax liability. For instance: include transport, medical, education and other such allowances as a part of your salary and then to reduce tax, produce bills of actual expenses incurred for the respective allowances; opt for food coupons instead of lunch allowance as food coupons are exempt from tax up to Rs. 50 per meal; to decrease prerequisite taxation, opt for company car rather than making use of your own; etc.
In the present scenario there are countless career options available for a person to explore as per their respective preferences and interests. One such career is that of a Company Secretary. It is one of the most in-demand career option. The job requires great managerial and organizational skills. If you aspire to become a Company Secretary and are looking forward to some essential information on the same, here is some help. Discussed below are some important things about career as a Company Secretary in India.
Every earning individual is concerned about tax payment and tax savings. When you go seeking advice on how to save tax, people often throw suggestions that leave you baffled and confused. This chaos may lead you to make poor decisions and end up regretting. Thus, it is vital for you to gather trusted information regarding different investment options that one can consider to save tax. Some of these effective solutions are available under Section 80 C. The Section 80C has now replaced the previously existing Section 88 and has been effective since April, 2006. Discussed below are some of the best investment options under Section 80C that can be used for tax saving purposes:
Tax saving with investment – every individual who pays tax have interest in this topic. If you are one of them, you will glad to know that there are multiple options available forthe same. Knowing about your options is quite essential for making right tax saving decisions and not get stuck with multiple advices from everyone at the end moment.So, discussed below are some such best tax saving investment schemes in India from which you can draw such benefits:
Public Provident Fund
It is one of the best investment schemes in India that can be used for saving tax. It may not promise very high returns but it offers liquidity by way of withdrawals and loans; flexibility of investment and comes with a tax-free status. Investing in Public Provident Funds becomes an even more attractive option as the interest rate has been linked to bond yields in the secondary market. Also, it is expected that the Public Provident Fund will encounter a hike marginally in the year 2014-15. PPF requires a minimum investment of
Best Tax Saving Investment Schemes in India – Chakreview.com
Best Tax Saving Investment Schemes in India – Chakreview.com
INR 500 a year and a maximum investment of INR 1 Lac a year. Investing in PPF is the best option for elf-employed professionals, risk-averse investor and individu
If you are looking forward to some information on how to save tax under different section of the Income Tax law, you have come to the right place. Enlisted and discussed below are some of the income tax deductions list that you may find helpful:
Under this section, deductions can be made in terms of different expenditures, investments and payments. The total deduction limit under the Section 80C is INR 1.5 Lacs. A few deductions that can be made to save tax as per this section include:
Life Insurance Premium(s) for self, spouse or child. It can also be for any member of the family in case of HUF.
Contribution to Employee’s Provident Fund Scheme, Recognized Provident Fund, Public Provident Fund for resident individual, Unit Linked Insurance Plan of LIC Mutual Fund and National Housing Scheme set deposit scheme/Pension fund.
Subscription to notified saving certificate and notified securities or deposit schemes.
Investment by resident individuals in Senior Citizens Savings Scheme 2005 for a 5 year period.
Calculating tax is not exactly as tough as it may sound to you. You just need to move step by step. But before you go on to calculate tax, you first need to understand ‘income.’ An individual’s income can be broadly divided under 5 different categories, namely the salary income, income from house property, professional/ …
One of the most attractive career options available to the young talented individuals today is that in the field of Animation. This industry is growing at a rapid pace, expanding and flourishing like never before. It is an absolutely right career option for those individuals who have high creative and imaginative skills. Animation is an …
Every nation has one primary agenda: to maintain a strong and well equipped military for the defense of its people from enemies. Thanks to the leaps scientific technology is making, many new and powerful military weapons are now possible. It has contributed to strengthen and enhance the entire defense system. However, not every country has …
One of the most important agenda on very country’s list of priorities is to maintain a strong, well trained and masochistically equipped military at its dispense. It is a crucial factor in protecting a nation and its people against enemy forces. Now that advanced scientific technology is being employed in defense sector, different countries have …
Ayurveda is one of the most ancient science of medicine that has been widely practiced in India, and now in many other countries, for healing a huge variety of ailments and illnesses. This branch of medical science makes use of diet, meditation, breathing exercises, detoxification and purification techniques, massage, yoga, herbal and mineral remedies, etc. …