Restructure the basic Salary

The basic, probably the chunk of your salary, includes basic pay, HRA and often dearness (DA) and special allowance. Apart from HRA, every component is fully taxable. An easy way to reduce tax liability is to cut basic pay and adjust it as perks or long-term benefits. If you have a special allowance component, adjust it as a tax-free component.However, you need to weigh the pros and cons before tinkering with your basic. Your HRA (usually, 40-50% of the basic) and EPF (12% of the basic) are directly linked to the basic. Also, if you want to apply for, say, a car or home loan in the short term, you may not want the basic pay to be too low.

A higher basic would mean a higher HRA, DA and provident fund contributions. The DA will be taxable and the PF contributions are tax-free, but it will reduce your take-home salary. On the other hand, reducing the basic pay will mean a lower contribution towards retiral benefits, which may not be good in the long run.

Also, if you live in a rented house, recalculate your tax benefits on HRA before lowering the basic. The idea, is to have an HRA as close to the actual rent you pay, which should ideally be a figure close to the HRA you receive plus 10% of you basic. Choose one of the following two ways to restructure the salary with maximum tax benefits.

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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds
Top 10 Tax Saver Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online
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Post Office Deposits Interest Rates

Best SIP Funds to Invest Online SIPs are Best Investments when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich For further information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300 OR You can write to us at Invest [at] SaveTaxGetRich [dot] Com

Mutual Fund Registrars - CAMS, Karvy MFS, Sundaram, FTAMIL

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300 Websites of registrar and transfer agents provide a host of services to distributors and their clients at the click of a button. While distributors have been using R&T websites to get mail back and other services your clients perhaps may not be so familiar with the facilities provided on such portals. In fact, your clients can register on any R & T web site to use a host of services like accessing portfolio, Consolidated Account Statement (Karvy + CAMS + FTAMIL + SBFS). In this article we explore the websites of leading R&T agents CAMS, Karvy and Sundaram BNP Paribas Fund Service which service almost the entire industry. Here are some of the useful features which you and your clients can utilize: CAMS CAMS services 17

Mutual Fund Riskometer

Mutual Fund Riskometer Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015 1. ICICI Prudential Tax Plan 2. Reliance Tax Saver (ELSS) Fund 3. HDFC TaxSaver 4. DSP BlackRock Tax Saver Fund 5. Religare Tax Plan 6. Franklin India TaxShield 7. Canara Robeco Equity Tax Saver 8. IDFC Tax Advantage (ELSS) Fund 9. Axis Tax Saver Fund 10. BNP Paribas Long Term Equity Fund You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds Invest in Tax Saver Mutual Funds Online - Invest Online Download Application Forms For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call --------------------------------------------- Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 --------------------------------------------- Invest Mutual Funds Online Invest Any Mutual Fund Online Download Mutual Fund Application Forms from all AMCs Down

How Tax Deducted at Source (TDS) works?

THE tax season is here. And if you are an employee you can't blame your employer for deducting large chunks of money from your salary towards tax deducted at source ( TDS ), which he is legally obliged to do. Your bank will also deduct some percentage from your FD interest of Rs 10,000 or more towards TDS! So what is this TDS all about? How is it computed? Are there any changes this year? Read on... What is TDS? TDS reduces your taxable income and could even provide tax relief! The TDS collections account for 40 percent of the total taxes collected in the country. As the name suggests TDS is the amount of tax that is deducted at source in certain types of income . The TDS thus collected is deposited in the Government treasury within a specified time. How is it computed? Some of the types of income where TDS is applicable include salary, interest, rental fee, interest on securities, insurance commission, dividends from shares and UTI/Mutual Funds, commission and brokerage

National Pension Scheme

Best SIP Funds to Invest Online Returns: 9.5% (Past three years) The NPS can help save tax under three different sections. Firstly, contributions of up to Rs 1.5 lakh can be claimed as a deduction under the overall Sec 80C. Secondly, there is an additional deduction of up to Rs 50,000 under Sec 80CCD(1b). Thirdly, if the employer puts up to 10% of the basic salary of the individual in the NPS, that amount will not be taxable. The trinity of tax benefits has attracted a lot of investors to the pension scheme. However, many are still put off by the fact that NPS is not completely tax free. Only 40% of the corpus is tax free on maturity. Also, on maturity, the NPS forces the investor to put 40% of the corpus in an annuity to earn a monthly pension. This pension is treated as income and is fully taxable. For young investors, the long lock-in period is also a deal breaker. NPS investments cannot be withdrawn before retirement, except in some exceptional circumstances and for specifi

Invest in Tax Saving Mutual Funds	Download Any Applications
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Invest in Tax Saving Mutual Funds	Download Any Applications
Transact Mutual Funds Online	Invest Online
Buy Gold Mutual Funds	Invest Now

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