Monday, July 7, 2025

Creating liberating content

In a world where designer labels get all the noise,

If your skin’s suddenly looking tired or you’re breaking out

Okay, now onto the fun part, how to actually use

Related News

In a world where designer labels get all the noise, there’s something wonderfully refreshing about celebrities who stick to their roots, quite literally, in this case, with their footwear. We’re

If your skin’s suddenly looking tired or you’re breaking out without reason, stress might be the culprit. And stress doesn’t just mess with your mood, it breaks down collagen faster

Okay, now onto the fun part, how to actually use it. Don’t worry, it’s super chill and easy to include in your routine. Here’s how you prep it: Take 1-2

French tech giant Capgemini on Monday announced its acquisition of business process services (BPS) provider WNS for $3.3 billion in cash, a strategic move aimed at creating a global leader

In an increasingly unpredictable world, golden visas have emerged as the ultimate insurance policy for high-net-worth individuals (HNWIs). These visas are the sleekest insurance policy money can buy. For the

White House Senior Advisor Elon Musk walks to the White House after landing in Marine One on the South Lawn with U.S. President Donald Trump (not pictured) on March 9,

Trending News

French tech giant Capgemini on Monday announced its acquisition of business process services (BPS) provider WNS for $3.3 billion in cash, a strategic move aimed at creating a global leader

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.

This is an AI-generated image, used for representational purposes only. The National Payments Corporation of India (NPCI) has secured a landmark land deal in Mumbai’s Bandra-Kurla Complex (BKC), acquiring nearly

This is an AI-generated image, used for representational purposes only. India’s corporate revenue and earnings momentum may face headwinds in the upcoming financial year due to an expected moderation in

US President Donald Trump on Sunday spoke about the much-discussed upcoming trade deals between the United States and other countries, including India. He said that letters related to these trade

PARIS: European auto major Stellantis believes a long-term stable policy framework and its uniform roll-out across different states in India is critical for automakers to execute business plans on a

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