How to Save Taxes?
Tax Costs You A lot More Than You Think.
Applicable Tax rate assuming highest Tax bracket + 15% Surcharge + 3% Cess.
The returns from your investments are subject to numerous Taxes like :
Short-Term Capital Gains
Long-Term Capital Gains
Income Tax as per your slab rate
So, your real return can be much lower post-Tax, especially if you take inflation into account too.
GFS Expert Speak
A reader asked us : How do I plan my taxes right?
Here’s What The Expert Said :
Start by checking the Income Tax Slabs online. You can plan your tax-saving strategies accordingly.
Most employers assist in individual tax-planning. They send out emails with detailed salary statements containing tax-related information. They also inform employees about tax-filling dates, procedures, tax-saving plans, and perks. While filling your taxes, provide your ELSS statements and Insurance Premium papers. You must also submit your Loan and Interest Statements, and PPF information.