Equity Linked Saving Scheme or ELSS is a mutual fund saving scheme that can help a person in saving income tax. Thus, it is also called as a tax-saving mutual fund. ELSS is suitable for people who have good knowledge and are keen to take risks. They are the best investment option when it comes […]
What Budget 2014 means for you and I – the Common Man?
There are lot of proposed initiatives in the current budget and while most of it will take time to show results; for you and I, the common man what it means? Let’s have a look. Budgets are often projections, initiatives, allocations, and an intention to implement them over the period of that financial year or […]
Changes in the PAN Card application from 3rd February 2014
The PAN Card procedure is set to be more thorough and strict from 3rd February 2014. What are the changes, and how do changes in the PAN card procedure impact you? Read on. Getting a PAN or Permanent account number which is not only an identity proof, but also mandatory for various financial transactions and […]
Tax Saving for Senior Citizens in India
Income Tax for Senior Citizens in India throws up various options for tax deductions. They can explore these options and can avail the various income tax rebates for senior citizens. Tax saving is something that every earning individual looks at, be it the fresher on the first job or a retired individual, still earning from […]
5 Common Income Tax Mistakes you can easily make
You may be unknowingly making some common tax mistakes, which can have you paying more tax than you should and not get the tax deductions you are eligible for. Income Tax is something we all look to save, and at times this can get us anxious. We have our CA who can take care of […]
Expenses that can Save Taxes
A lot of us may not be aware that there are certain expenses that can actually Save Taxes for you. Check this post to find out the various expenses that you can claim tax deductions on. It is that time of the year when the New Year is just beginning to sink in and the […]
5 ways to save taxes that are NOT Insurance
Traditionally tax saving is all about LIC and insurance, but there are ways you can save tax without insurance, and earn good returns. Here are some tax-saving options that are not insurance based. I am being asked by friends and those who are regulars at stepupmoney “What are good tax-saving options this year?” And before […]
Tax Saving Fixed Deposits: What are they, How they work?
We all love bank FDs, but fret over it not being able to save taxes. Actually Tax Savings FDs are available that do exactly that, save some taxes. Let’s have a look at this product. It is the beginning of that time of the year when you are looking for options to save tax and […]
PPF: Simple and Best Tax Savings Product with Guaranteed Returns
All you need to know about PPF, a tax saving, guaranteed returns product. PPF suits almost everyone and is equally easy to invest and understand. Read on. We at stepupmoney, constantly strive to give the best and simplified insights into the complex world of personal finance. We understand that for most of us Indian investors, […]