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 […]
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 […]
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 […]
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, […]
Understanding how Restaurants charge Taxes in your bills
Ever wondered what are the charges and taxes in your restaurant bills, what they mean and how are the taxes in your restaurant bill calculated? This guide will help with all that. So you have just completed a nice meal at a fancy restaurant and have asked for a bill. The bill arrives and you […]
Why is PAN card important in India?
Introduced as mainly a way to identify an individual from taxation point of view, the PAN card is used for various other purposes as well. In this post let us have a look at situations where you will need a PAN card in India and why is PAN card important in India. Permanent Account […]