Tax Slabs & Planning

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Taxes are the government’s way of earning an income which can then be used for various projects that the government needs to indulge in to help boost the country’s economy or its people. Taxes in India are decided on by the central and state governments with local governments, such as municipalities, also deciding on smaller taxes that can be levied within their jurisdiction.

Tax Saving Schemes

Most of the clients achieve their key financial goal through smart tax saving route ! Yes, you have heard it right - Your annual tax saving investment should serve some purpose !

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How to make your Tax-Saving Investments

Equity Linked Saving Schemes (ELSS) provide a good avenue for capital appreciation and tax benefit under section 80C of the Income-Tax Act, 1961.

Benefits of ELSS

How to make your Tax-Saving Investments
  • Deduction under section 80C
  • 10% tax after 1 lakh of Capital gain
  • Dividends are tax free in the hands of investor
Better Return
  • Compared to all tax saving instruments under sec 80C
Lock in period (3 years)
  • Lowest among all tax saving instruments under section 80C
  • Long enough to minimize market volatility

TAX Slabs

A tax that governments impose on financial income generated by all entities within their jurisdiction. By law, businesses and individuals must file an income tax return every year to determine whether they owe any taxes or are eligible for a tax refund.

The Income Tax Department is the biggest revenue mobilizer for the Government. Income tax is a key source of funds that the government uses to fund its activities and serve the public.

Income Tax Rules

The government of India imposes an Income tax on taxable Income of all persons including individuals, Hindu Undivided Families (HUFs), companies, firms, association of persons, body of individuals, local authority and any other artificial judicial person.

Many jurisdictions tax the Income of individuals and business entities, including corporations. Generally the tax is imposed on net profits from business, net gains, and other Income.

Tax Calculator

The Indian Annual Tax Calculator is updated every assessment year. You can calculate your Annual take home pay based of your Annual gross income, Education Tax, NIS and income tax. Use the simple annual tax calculator or switch to the advanced annual tax calculator to review NIS payments and income tax deductions.

NRI Taxation

An Indian Citizen who stays abroad for employment/ carrying on business or vacation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident.

Liability to pay tax in India does not depend on the nationality or domicile of the Tax payer but on his residential status. Residential Status is determined on the basis of physical presence i.e. the number of days of stay in India in any year.

File Your Returns Online

Every person having taxable income and whose accounts are not liable to audit must file an Income Tax Return. If total income exceeds Rs. 5 lakh, it is mandatory to file the return online.

Grievance Redressal

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An AMFI Registered MF Distributor

Important Info

AMFI Registration No.: 1132

EUIN Number: E028623

ARN Registration Date: Since about the year 2003

Current validity of ARN: 04/02/2025

Disclaimer : www.vgpportfolio.com is an online website of the partnership firm VGP Portfolio who is registered vide ARN- 1132 as a AMFI Registered Mutual Fund Distributor since about the year 2003. Current validity of ARN is till 04/02/2025. The said website is intends to provide educative and informative details related to investments and also provide online transaction facility in Mutual Funds. We do not charge any fees for these calculators and information, because we earn our commissions from the Mutual Fund companies. The website does not guarantee any returns or financial goal success by any means.