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Budget 2016: Cheaper and Costlier

Cheaper and Costlier in Budget 2016 Every Union Budget introduces or alters taxes to encourage/discourage certain consumption. This in turn impacts the prices of products and services that we use in our daily lives. The post looks at the impact of budget 2016 on common man’s budget. Costlier in Budget 2016: Krishi Kalyan cess on Service Tax: Budget 2016 has introduced […] Continue reading →

Should you Invest Rs 50,000 in NPS to Save Tax u/s 80CCD (1B)?

Should you Invest in NPS to Save Tax u/s 80CCD (1B)? Budget 2015 has introduced a new section 80CCD (1B) which gives deduction up to Rs 50,000 for investment in NPS (National Pension Scheme) Tier 1 account from next financial year of FY 2015-16. This new deduction can help you save tax up to Rs 15,450 in case you are in the 30% tax slab. The question […] Continue reading →