Wednesday, July 30, 2025

Creating liberating content

Pakistan’s government is moving swiftly toward integrating cryptocurrency into its

VCG | Visual China Group | Getty Images Google

Related News

Pakistan’s government is moving swiftly toward integrating cryptocurrency into its financial ecosystem, aiming to bring digital currencies into mainstream banking, forex operations, and gold trading, according to a Wednesday media

The EU sanctions against Russia are expected to have significant implications for Indian refiners, according to a recent ICRA report.On July 18, the EU implemented its 18th sanctions package against

Nayara’s lawyer told a New Delhi court today that the services have been restored by Microsoft. EU sanctions on Russia: Global IT giant Microsoft has restored IT services to Russia-backed

VCG | Visual China Group | Getty Images Google on Wednesday said it will sign the European Union’s guidelines on artificial intelligence, which Meta previously rebuffed due to concerns

Reliance Consumer Products Ltd (RCPL), the FMCG arm of Reliance Retail Ventures, is in early-stage discussions to acquire a majority stake in Shunya, the premium zero-sugar fruit drink brand owned

Access Denied You don’t have permission to access ” on this server. Reference #18.4cfdd417.1753860396.c63d64d Source link

Trending News

Pakistan’s government is moving swiftly toward integrating cryptocurrency into its financial ecosystem, aiming to bring digital currencies into mainstream banking, forex operations, and gold trading, according to a Wednesday media

The EU sanctions against Russia are expected to have significant implications for Indian refiners, according to a recent ICRA report.On July 18, the EU implemented its 18th sanctions package against

Nayara’s lawyer told a New Delhi court today that the services have been restored by Microsoft. EU sanctions on Russia: Global IT giant Microsoft has restored IT services to Russia-backed

Reliance Consumer Products Ltd (RCPL), the FMCG arm of Reliance Retail Ventures, is in early-stage discussions to acquire a majority stake in Shunya, the premium zero-sugar fruit drink brand owned

Access Denied You don’t have permission to access ” on this server. Reference #18.4cfdd417.1753860396.c63d64d Source link

The Asian Infrastructure Investment Bank (AIIB) plans to increase its investment exposure in India from $12 billion to $16-17 billion over the next two to three years. This expansion is

Earn above Rs 12 lakh? Here’s how you can make your retirement plan tax-efficient – Top 5 ways

Word Count: 816 | Estimated Reading Time: 5 minutes


Earn above Rs 12 lakh? Here’s how you can make your retirement plan tax-efficient - Top 5 ways
Long-term capital gains from stocks and equity-oriented funds are now taxed at 12.5%. But there is a Rs 1.25 lakh tax-free threshold that can help small investors avoid the tax. (AI image)

Saving for retirement used to be easy. But in the past few years, there have been several amendments in tax rules for retirement products. Many instruments are now in the tax net. At the same time, individuals earning up to Rs 12 lakh a year will pay no tax under the new regime, which is a massive relief for millions of taxpayers. If your income is more than Rs 12 lakh a year, here’s how you can make your nest egg tax efficient.Stocks and equity funds: Long-term capital gains from stocks and equity-oriented funds are now taxed at 12.5%. But there is a Rs 1.25 lakh tax-free threshold that can help small investors avoid the tax. They should harvest long-term gains of up to Rs 1.25 lakh every year by booking profits, and then buying back the same stocks or mutual funds.Also Read | ITR filing FY 2024-25: Top 8 mistakes first-time tax filers make; how to avoid them in AY 2025–26Ulips: Maturity proceeds of Ulips are taxable if the combined premium of policies bought after 1 February 2021 exceeds Rs.2.5 lakh. To avoid the tax, restrict investments in Ulips to Rs.2.5 lakh in a year. If you need to invest more for retirement, use mutual funds or the NPS to fatten your nest egg. NPS investments can also help you save more tax.Traditional insurance policies: The maturity proceeds of life insurance plans have also been made taxable if the total premium of policies bought after 31 March 2023 is over Rs 5 lakh. Don’t put more than Rs 5 lakh in traditional insurance plans. Use debt funds and the NPS if you need to invest more.Debt funds: There is now no distinction between long-term and short-term gains from debt funds. These funds are also no longer eligible for the indexation benefit. All gains will be added to income and taxed at slab rates. Even so, debt funds help defer tax because the gains are taxed only when you redeem. Keep investing in debt funds and redeem after retirement when your income and tax liability will be lower.Also Read | ITR filing FY 2024-25: Why filing Income Tax Return is important even if you have no tax to pay – explainedProvident Fund: The Provident Fund has always been seen as a tax-free haven. But three years ago, the interest earned on contributions to the Employees’ Provident Fund beyond Rs 2.5 lakh in a year were made taxable. To get past this, restrict contributions to Rs 2.5 lakh a year. Investors who want to put in more should open a PPF account, if they don’t already have one. They can also go for debt funds to defer tax.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account