ULIP – Unit Linked Insurance Plan

•

1 like•58 views

ULIPs are life insurance plans which invest the premium in the capital market and give you market-linked returns. And, what can be more exciting than enjoying a tax benefit simultaneously Lock-in Period: 5 Years Return: 8-10% Investment Amount: No Max limit, invest 1,50,000 for deduction.

Economy & Finance

More from Tax 2win

Public Provident Fund is simply defined as Exempt, Exempt and Exempt (EEE) as it offers exceptional tax benefits to its subscribers under Section 80C. This popular long-term investment scheme was launched by the Government of India offering financial security with reasonable interest rate and returns that are fully exempt from tax. Lock-in Period: 15 Years Return: 7.9% (Currently) Investment Amount: Minimum:- Rs 500 Maximum:- Rs 1,50,000

Public Provident Fund (PPF) India

Tax 2win

What is the additional benefit your NPS investment can fetch?

Tax 2win

Tax2win will explain to you how you can generate customized rent receipts for free in less than 2 minutes, to claim HRA tax exemption. What is the actual benefit of Rent Receipts? Many companies provide House Rent Allowance(HRA) to employees for meeting the cost of living in rented accommodation. HRA is one of the biggest tax-saving avenues as the complete amount of HRA is not taxable. The least of the three amounts are tax exempt - Actual HRA received Rent paid less 10% of Salary 40% of Salary (50% of Salary in Mumbai, Delhi, Chennai, and Kolkata)

How to generate Rent Receipts ? for FY 2018-19 | AY 2019-20.

Tax 2win

आय-कर अधिनियम की धारा 234F

Tax 2win

What is Rebate u/s 87A It is a benefit which is provided to lower income group in their tax amount up to a "prescribed" limit. For availing this benefit , your income must be up to Rs. 3,50,000 during F.Y17-18. Note: This is an additional benefit provided over and above the benefit of basic exemption limit to the small taxpayers. What is the amount? For FY 2017-18 & FY 2018-19, the amount of rebate shall be lower of : Tax payable or Rs 2,500 For Example : If your income is up to Rs. 3,50,000 then you will get rebate of Rs.2500. Consequently, your tax liability would be zero. Who can Claim Rebate u/s 87A ? A. An individual whose total income is up to Rs. 3.5 lakhs is eligible to claim benefit u/s 87A. Here, total income means the sum of all incomes after deductions u/s 80. AND B. Another thing to be kept in mind is that rebate u/s 87A is available only to a RESIDENT INDIVIDUAL. Who cannot take benefit of Rebate? The following assesses cannot claim the rebate u/s 87A even if their total income is below Rs. 3,50,000 : 1. NRI 2. HUF 3. FIRM 4. COMPANY 5. AOP 6. BOI

Income Tax Rebate Under Section 87A

Tax 2win

Tax table

Tax 2win

1. E-Verification Guide (A simple guide to e-verify your return online) .in Step 2: Select “e-File” "My Account " and in the drop-down menu select “e-Verify Return”. 3. Step 3: Upon selecting the above option, you’ll get the below screen: 4. Step 4: To e-Verify your return, you have 3 options: Option 1: ‘’I already have an EVC to e-Verify my return” if you already have an EVC generated with you. When you select this option, then a pop will appear asking for EVC. Enter your EVC there and click on submit to complete the e-verification process. Generating Bank EVC through ATM You also have the option to generate EVC through Bank ATM. Go to Bank ATM>Swipe ATM card and enter ATM PIN> you will find the option of “Pin for Income Tax Filing”>Select this option>EVC will be sent to your registered mobile number and email id>Use this EVC in the above mentioned Option 1. Only SBI and Axis bank providing this facility. 5. Option 2: ‘’I do not have an EVC and I would like to generate EVC to e-Verify my return” if you want to generate EVC through which your return will be e-verified. When you select this option, then three options will appear through which you can get EVC. 6. (A) Through Net Banking You will land on the below page if you select the “Net Banking” option. Click on “continue” and a list of banks will appear (next slide) from which select your bank. 7. After selecting bank from the below list, you will be redirected to the homepage of your Bank’s Net Banking page OR you can Login into your Net Banking Account and you will find Income Tax option there. Select it and login to e-filing through the same option to complete the process of e-verification of your ITR.. 8. (B) Through Bank Account Number Click “Pre validate your Bank Account” to proceed. 9. Fill the below required details and click on “continue” to generate EVC. 10. (C) Through Demat Account Number Click “Pre validate your Demat Account” to proceed. 11. Fill the below required details and click on “continue” to generate EVC. 12. Option 3: ‘’I would like to generate Aadhaar OTP to e-Verify my return” if you want to e-Verify your return through your Aadhaar Card. OTP will be sent to the mobile number registered with your Aadhaar. Enter the OTP to complete the e- verification process. 13. Log-on to www.tax2win.in Thank You! Note: You can generate EVC directly also if your Gross total Income less deductions is Rs 5 lakhs or less and there is no refund. OTP will be send to your registered Mobile number and Email ID. Further , Matter that can be added for e-verification of prior year ITRs i.e. after explaining all 3 options : Recently , income tax department has started the facility for e-verification of prior year ITRS for which the time limit of 120 has lapsed. The process for e-verification of those ITRs is same as explained above , just the difference is marked by mentioning the reasons for the delay. However, be careful while selecting the reason.

e-verification-guide

Tax 2win

New ITR Forms

Tax 2win

Payment of Gratuity Act, 1972

Gratuity ppt final

Union Budget 2017

House Rent Allowance

E-verification guide for Income Tax Return

Tax 2win

More from Tax 2win (13)

Public Provident Fund (PPF) India

What is the additional benefit your NPS investment can fetch?

How to generate Rent Receipts ? for FY 2018-19 | AY 2019-20.

आय-कर अधिनियम की धारा 234F

Income Tax Rebate Under Section 87A

Tax table

e-verification-guide

New ITR Forms

Payment of Gratuity Act, 1972

Gratuity ppt final

Union Budget 2017

House Rent Allowance

E-verification guide for Income Tax Return

Recently uploaded

Famous No1 Amil Baba Love marriage Astrologer Specialist Expert In Pakistan a...

janibaber266

Economics Presentation-2.pdf xxjshshsjsjsjwjw

mordockmatt25

Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...

batoole333

Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields. Falcon is a web platform that turns invoices into cash advances in a simple, fast and reliable way; Falcon platform allows investors to diversify their portfolio with a short-term alternative investment, characterized by full transparency and an absence of hidden charges.

falcon-invoice-discounting-unlocking-prime-investment-opportunities

Falcon Invoice Discounting

Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...

kajalverma014

7 tips trading Deriv Accumulator Options

Vince Stanzione

20240419-SMC-submission-Annual-Superannuation-Performance-Test-–-design-optio...

Henry Tapper

Toronto dominion bank investor presentation.pdf

JinJiang6

Call Girls Howrah ( 8250092165 ) Cheap rates call girls | Get low budget Booking Now open +91- 8250092165 𝐇𝐨𝐭𝐞𝐥 𝐑𝐨𝐨𝐦𝐬 𝐈𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐑𝐚𝐭𝐞 𝐒𝐡𝐨𝐭𝐬/𝐇𝐨𝐮𝐫𝐲🆓 .█▬█⓿▀█▀ 𝐈𝐍𝐃𝐄𝐏𝐄𝐍𝐃𝐄𝐍𝐓 𝐆𝐈𝐑𝐋 𝐕𝐈𝐏 𝐄𝐒𝐂𝐎𝐑𝐓 Hello Guys ! High Profiles young Beauties and Good Looking standard Profiles Available , Enquire Now if you are interested in Hifi Service and want to get connect with someone who can understand your needs. Service offers you the most beautiful High Profile sexy independent female Escorts in genuine ✔✔✔ To enjoy with hot and sexy girls ✔✔✔ ★providing:- • Models • vip Models • Russian Models • Foreigner Models • TV Actress and Celebrities • Receptionist • Air Hostess 10-may2024(v.n)

Call Girls Howrah ( 8250092165 ) Cheap rates call girls | Get low budget

Sareena Khatun

Lion One Corporate Presentation May 2024

Adnet Communications

Famous Kala Jadu, Kala ilam specialist in USA and Bangali Amil baba in Saudi ...

mazhshah570

Bhubaneswar🌹Ravi Tailkes ❤CALL GIRLS 9777949614 💟 CALL GIRLS IN bhubaneswar ESCORT SERVICE❤CALL GIRL IN We are Providing 💋💋 Book Now +91-9777949614 Discover Bhubaneswar Finest Call GirlsY ou're heading to Bhubaneswar for business or pleasure and want to experience the city to the fullest. What better way than in the company of a beautiful, intelligent companion to show you around town? Look no further than Bhubaneswar's finest Call Girls. These lovely ladies know all the hot spots and hidden gems that only locals are privy to. From the top restaurants and bars to the most stunning sights, they'll ensure you make unforgettable memories.

Bhubaneswar🌹Ravi Tailkes ❤CALL GIRLS 9777949614 💟 CALL GIRLS IN bhubaneswar ...

Call Girls Mumbai

Responsible Finance Principles and Implication

NghiaPham100

Group 8 - Goldman Sachs & 1MDB Case Studies

NghiaPham100

Test bank for advanced assessment interpreting findings and formulating diffe...

robinsonayot

Webinar on E-Invoicing for Fintech Belgium

FinTech Belgium

Shrambal_Distributors_Newsletter_May-2024.pdf

vikashdidwania1

Significant AI Trends for the Financial Industry in 2024 and How to Utilize Them

360factors

Collecting banker, Capacity of collecting Banker, conditions under section 13...

RaniT11

FE Credit and SMBC Acquisition Case Studies

NghiaPham100

Recently uploaded (20)

Famous No1 Amil Baba Love marriage Astrologer Specialist Expert In Pakistan a...

Economics Presentation-2.pdf xxjshshsjsjsjwjw

Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...

falcon-invoice-discounting-unlocking-prime-investment-opportunities

Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...

7 tips trading Deriv Accumulator Options

20240419-SMC-submission-Annual-Superannuation-Performance-Test-–-design-optio...

Toronto dominion bank investor presentation.pdf

Call Girls Howrah ( 8250092165 ) Cheap rates call girls | Get low budget

Lion One Corporate Presentation May 2024

Famous Kala Jadu, Kala ilam specialist in USA and Bangali Amil baba in Saudi ...

Bhubaneswar🌹Ravi Tailkes ❤CALL GIRLS 9777949614 💟 CALL GIRLS IN bhubaneswar ...

Responsible Finance Principles and Implication

Group 8 - Goldman Sachs & 1MDB Case Studies

Test bank for advanced assessment interpreting findings and formulating diffe...

Webinar on E-Invoicing for Fintech Belgium

Shrambal_Distributors_Newsletter_May-2024.pdf

Significant AI Trends for the Financial Industry in 2024 and How to Utilize Them

Collecting banker, Capacity of collecting Banker, conditions under section 13...

FE Credit and SMBC Acquisition Case Studies

ULIP – Unit Linked Insurance Plan

Recommended

Recommended

More Related Content

More from Tax 2win

More from Tax 2win (13)

Recently uploaded

Recently uploaded (20)