Budget 2019: Tax break for Rs 5 lakh earners is huge tax planning incentive for middle income group

THE ECONOMIC TIMES Tue, Feb 05, 2019 | 06:30 AM IST ET Wealth Newsletter

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Budget 2019: Tax break for Rs 5 lakh earners is huge tax planning incentive for middle income group Taxpayers very close to the threshold limit will have to ensure their income does not exceed Rs 5 lakh. How to overcome your financial stress and resolve your finances Find out how your flawed habits and decisions could increase your financial strain. Plan to maximise tax benefits? Ensure tax-saver investments are aligned to your financial plan Financial planners recommend keeping long-term financial commitments and goals, and not just tax breaks, in mind while carrying out this exercise. Tax rebate on Rs 5 lakh income: Helping the poor but surgically striking out the rich The virtuous cycle is completing itself. The payoffs of GST and tax reforms are being reaped by those who need it. What makes great economic moats? Finding the key to a company's longevity in a world marked by disruption Operational efficiency and profits, not buybacks, boost stocks The markets regulator has flagged down the infrastructure giant's INR9,000 crore share-buyback offer. The company had hoped the buyback would help improve its return on equity to 18% by 2021 from 14% at present. But buyback is one area where theory and practice have always been in conflict. Fuel vehicles get priority at M&M over electric ones Retail sales of the company's EVs are miniscule. While M&M may choose to drive volumes through sales to governments, institutions, and fleet operators, it ought to revisit its retail strategy. From our Partners Power of Micro-actions: Can small steps culminate to a big out-turn? Begin today, take these small steps and witness them reach a pinnacle. From our Partners Did you believe these myths on tax deductions? Schemes like health insurance, term plans, ULIPs allows tax payers to claim deductions Kick start your career even before campus placements: Here's how Campus placements restrict you to a limited number of opportunities. Off campus not only opens you to the world of diverse opportunities but also makes you self-reliant. Want to live independently? Learn to manage your finances first To be independent in every sense of the term, one must get finances in order first. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) JM Core 11 Direct Plan-Growth 0.24 -9.26 -2.53 19.67 JM Core 11 Fund-Growth 0.06 -9.93 -3.65 18.15 Axis Bluechip Fund Direct Plan-Growth 1.32 -4.34 9.80 16.79 Reliance Large Cap Fund Direct-Growth -0.53 -2.23 -0.60 16.58 ICICI Prudential Bluechip Fund Institutional I-Growth -0.48 -4.27 -1.48 15.50 FeaturedInvesco India Growth Opportunities Fund-Growth ★★★★★ 0.03 -5.97 -1.46 15.21 Start SIP How healthy are your personal finances? Take this quiz to find out Are you doing everything right for your personal finance? With the new Budget in place, it is a good time to check the health of your finances with this quick quiz. 5 promising ports and logistics stocks Strong government support, increased investments, a unified tax structure under GST and global trade imbalances will benefit these companies.

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Dos and don'ts to ensure your HRA claim isn't rejected 5 things to consider before making fresh 80C investments How to avail credit from P2P lending platforms How young investors can save tax without denting their pockets More Slideshows

Financial Calculators New LTCG tax calculator: Plan, compute your tax Use this tool to calculate long-term capital gains (LTCG) and the corresponding LTCG tax for listed shares and units of equity-oriented mutual funds. Tax Impact Calculator This tax calculator will help you estimate your tax liability. Just input your personal income details and know how much you would be liable to pay.

5 troubled sector stocks which can be winners in the long term Some fund houses have launched 'special situations' funds to execute this strategy. Others have employed their 'value' funds to make the most of the existing situation. Budget 2019: Income tax on deemed rent from second house removed Home owners will no longer have to pay tax on notional rent for second occupied homes. TDS threshold raised to Rs 40,000 from Rs 10,000 This is only a rise in TDS ceiling, not in tax exemption limit on interest incomes. Should you buy a ready or under-construction or resale house? It is recommended to go for RERA registered properties only, so you can have recourse to the regulator, should there be a dispute. Realty hot spot series: An established and accessible Pune locality One of the highlights of this area is its proximity to the significant Rajiv Gandhi Infotech Park in Hinjewadi along with many other companies nearby. HDFC Mid Cap Opportunities Fund: Strong long term track record ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. Stock pick of the week: Why Sun Pharma can be a good long-term bet Sun Pharma has clarified that the spike in its unsecured loans in 2017-18 was on account of a settlement it had reached with a thirdparty— Atlas Global Trading. Tax optimiser: How salaried Tushar can save Rs 1.3 lakh tax via perks, NPS Not only should you ask your employer/company for the NPS benefit, but you should also invest in the scheme on your own. You can reduce your tax outgo significantly. How to invest lump sum amount in mutual funds If the investor is not taking the services of an adviser, he can submit the form at the AMC office himself or investor service centre indicated by the fund house. What are Exchange Traded Funds ETF price are real-time and known at the time of the transaction, unlike NAV, which is computed end of a business day.

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