Taxation on Short Term Capital Gains | STCG Tax Rate 20% [Examples]
Taxation on short term capital gains is very simple. STCG tax rate=15% on shares or equity mutual funds. Also adjust STCG against your basic exemption limit
FinCalC
How to Open SIP Account in SBI Mutual Fund [Video]
How to Invest in SIP? Starting SIP is simple. Register on SBI mutual fund website, create folio after login, click “new investment”, provide SIP details.
Post Office Interest Rates Table 2022 – April to June 2022
Post Office Interest Rates.. Fixed Deposits=5.5%, Recurring Deposits=5.8%, National Saving Certificate (NSC)=6.8%, Public Provident Fund (PPF)=7.1%..
How to link PAN and Aadhaar in 5 Minutes [VIDEO]
How to link PAN and Aadhaar.. 1. Visit Income Tax Official website. 2. Select “Link Aadhaar” option. 3. Provide PAN & Aadhaar details. 4. Click Link Aadhaar button
All Deductions in Section 80C & Chapter VI A
Deductions in 80C include, PPF, Provident Fund, Life insurance premiums, ELSS, children’s tuition fees, etc. Claim Rs 1.5 Lacs in 80C and Rs. 50,000 in 80CCD(1B)
Income Tax Calculator FY 2022-23 (AY 2023-24) Excel Download
Download Income Tax Calculator for FY 2022-23 Excel.. Provide Income, Investments and TDS Amounts to calculate Income Tax based on Old and New Tax Regime..
Income Tax Calculator FY 2021-22 (AY 2022-23) Excel Download
Download Income Tax Calculator for FY 2021-22 Excel.. Provide Income, Investments and TDS Amounts to calculate Income Tax based on Old and New Tax Regime..
How to Claim HRA When Living with Parents?
Claim HRA when Living with Parents.. you can pay them some amount every month as rent and claim that amount as HRA if you receive HRA in salary payslip
SIP Calculation in Excel | How to Calculate SIP Returns [Examples]
SIP Calculation in Excel.. Step 1: Mention SIP amount and NAV values in Excel, Step 2: Calculate Units with formula, Step 3: Calculate SIP Returns & Maturity amount
How HRA Exemption is Calculated [Excel Examples]
How HRA exemption is calculated. You basically need to do 3 calculations to reach your HRA exemption amount:
1. Calculate Total HRA received in FY
2. Total rent paid in FY minus 10% of Basic Salary + DA in FY
3. 50% of Basic Salary + DA (metro city), else 40% in case staying in non metro city.
Minimum of above numbers will be considered as HRA exemption amount in the financial year to save income tax by reducing the taxable income.