Prajna Capital - An Investment Guide

The end of the financial year is here. Tax planning can be a simple exercise for the salaried. As the financial year comes to an end, it is time for the salaried section to put in place the tax-saving investments. While the remaining two months can be used for making the investments, it gets a lot easier if the employer is provided with all details as it will do away with the task of waiting for refunds. Since most employers expect employees to provide proof of tax saving by the end of January or February, check 5 out if you have completed the tasks. Rent receipt details The house rent allowance can turn taxing if employees don't provide details of their rental expenditure. Hence, provide details of rent paid for the past months so that HRA does not become a taxable income. Details of all tax-saving investments Signing up for long-term tax-saving instruments like insurance or pension plans is meaningless if the details are not provided for tax relief. While the task...