Focus on your financial goals, and tax benefits will follow.
THE YEAR 1973–74 will go down as one of the darkest years in the history of personal income tax in India. That year, the highest rate of personal income tax was 97.75 per cent. At the time it was perfectly normal for taxpayers to focus only on tax-saving instruments.
Today we are in a comparatively lower tax regime, with the rate of taxation ranging from 5 per cent to a maximum of 30 per cent plus levies. Also, there are a number of tax benefits within the Indian Income Tax Act that covers our basic needs.
However, many people, especially young earners—new to the world of financial responsibility—remain unaware and unsure about the multitude of options that exist today to help them save on taxes.
هذه القصة مأخوذة من طبعة February 2019 من Reader's Digest India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة February 2019 من Reader's Digest India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
BOOKS
Books review
STUDIO - Off Lamington Road by Gieve Patel
Oil on Canvas, 54 x 88 in
NEWS FROM THE WORLD OF MEDICINE
FOODS THAT FIGHT DEMENTIA
TO HELL AND BACK
The Darvaza crater in Turkmenistan is known as the Gates of Hell. I stood on its edge - and lived to tell the tale
THE SNAKE CHARMERS
Invasive Burmese pythons are squeezing the life out of Florida's vast Everglades. An unlikely sisterhood is taking them on
Sisterhood to Last a Lifetime
These college pals teach a master class in how to maintain a friendship for 50-plus years
...TO DIE ON A HOCKEY RINK
ONE MINUTE I WAS PLAYING IN MY BEER LEAGUE, THE NEXT I WAS IN THE HOSPITAL
Just Sit Tight
Broken, battered and trapped in a ravine for days, I desperate driver wonders, \"Will anyone find me?\"
Allow Me to Mansplain...
If there's one thing we know, it's this: We're a nation of know-it-alls
THE BITTER TRUTH ABOUT SUGAR (AND SUGAR SUBSTITUTES!)
It's no secret that we have a serious addiction. Here's how to cut back on the sweet stuff, once and for all.
