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Thread: Tax Benefits

  1. #1
    Banned Allie Ashlie's Avatar
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    Default Tax Benefits

    Income tax is a portion of your annual income that is paid to the government at the end of every financial year. This tax money is used to fund various developmental activities, build infrastructure and for defence purposes. The government provides various tax benefits and tax exemptions to certain categories of people such as sportspersons, women and senior citizens. This is done to encourage them to continue earning, investing and providing for themselves.morgage advice
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  2. #2
    New Member akiratom's Avatar
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    Paying tax is really beneficial for us, Income tax is a portion of your annual income that is paid to the government at the end of every financial year. It offers you the ability to plan for unforeseen events that could affect your family's financial problem adversely, this tax money is used to fund in many developmental activities, build infrastructure and for defence purposes.

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    New Member Awaanbourne's Avatar
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    1. Individual assessee and Hindu undivided family assessee: type deduction allowed testing.
    2. The savings: The premium payment or the following individuals or effect on life insurance in force to keep the assessee collected by:
    * In case of individual assessee - Self / spouse himself, the children alone like this
    * HUF in case of assessee - any member
    3. 20% limit: If a policy premium paid in a fiscal year's actual capital sum assured of 20 per cent more than money, then reduce the amount of guaranteed premium of only 20 per cent for will be allowed.
    4. Limit on the amount of growth: cut section 80C (including life insurance premium) to Rs 100,000 under the special savings investment will be limited. Deduction under Section 80C limit the overall limit set under section 80CCE will be part of.
    5. Ban: The benefit to end this policy / be after the date of enforcement of policy within 2 years inforce be lifted will be reversed.


  4. #4
    New Member milessedi's Avatar
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    One of the things that make the management of employment is quite problematic tax planning and benefit reviews. Whatever type of job, they will always take care of their employees for taxes benefits.Income is a part of your annual income is paid to the government by the end of each fiscal year. This is taxpayer's money used to finance various development activities, infrastructure construction and defense.

  5. #5
    New Member Alexasams's Avatar
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    If salary includes a car allowance to finance the car is important to know the benefits associated with various options. Installment sales agreement, the financial charges on you and you take them can claim. May in five years, the monetary cost of the car specified by cost reduction.

  6. #6
    New Member Tony Fox's Avatar
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    This is done to encourage them to continue earning, investing and providing for themselves.

  7. #7
    New Member rinnyronald's Avatar
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    A contribution made by people to fund the services provided by the government, such as transport, education or health services. The most common tax is income tax, which is a contribution made from income.I guess the steam is out for the Car allowance scheme and now the employees will have to pay on this amount too. So practically some of us would be struck with the cars , shelling out the EMIs and also Income Tax.

  8. #8
    New Member honeyjames's Avatar
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    Health insurance is good for tax benefits. If salary includes a car allowance to fund the car it is important to the benefits associated with different options to know. Installment sales agreement, the financial burden on you and you can claim them.

  9. #9
    New Member prestonherey's Avatar
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    Pay your tax at proper time because if you are paying tax then it has some of the benefits like you get a tax deduction, you get a tax deferral., you get a tax savings., you get a “double dip” on charitable donations so, pay tax on time.

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    New Member vaavaachimol's Avatar
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    Cool Voice respond engine (vre)

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