By Sudhir Kaushik of Taxspanner.com Hyderabad-based software professional Kamal Kant pays a low tax because his salary structure is quite tax friendly. Even so, Taxspanner estimates that Kant can reduce his tax by almost Rs 50,000 if his company offers him some tax-free perks and the NPS benefit and he invests in the scheme on his own. Income from employer Income from other sourceKant should start by asking his company for the NPS benefit. Under Sec 80CCD(2), up to 10% of the basic put in NPS is tax free. If his company puts Rs 6,123 (10% of his basic pay)…
Author: Miley Selena
Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals. I: Sagar Devkate is saving for a house, kids’ education and retirement. Here’s what the doctor advised:GoalsInvestor’s existing portfolioPortfolio check-up Started investing in equity funds 2-3 months ago. Funds are…
Amit Acharya, 51, stays with his homemaker wife and two children aged 16 and 10, in Raipur. He brings in a salary of Rs 2.25 lakh a month. His portfolio includes real estate worth Rs 1.03 crore, which includes a self-occupied house and another for investment. He is also repaying a home loan of Rs 25 lakh with an EMI of Rs 35,000. His other investments include equity worth Rs 1.08 crore in the form of mutual funds and stocks, debt worth Rs 55.7 lakh in the form of EPF and PPF, and Rs 4.6 lakh in cash. His goals…
12,541 Covid-19 patients were announced recovered, bringing the total tally of recovered cases so far to 363,462. Vietnam reported 11,927 Covid-19 local cases in 36 localities Saturday, pushing the domestic tally in the ongoing wave to 596,981. According to the Health Ministry, three localities with the highest numbers of cases were Ho Chi Minh City with 5,629 cases, Binh Duong with 3,971 cases and Dong Nai with 960 cases. Of the day’s tally, 5,169 cases were detected in the community with unclear sources of transmission while the rest had been contained in quarantine and lockdown areas, VNExpress citied a report…
Vietnam’s Supply Chain Role to Grow Despite Covid, the head of the American Chamber of Commerce in Hanoi said. Covid has disrupted but not derailed Vietnam’s expanding role in global supply chains and growth prospects, according to Adam Sitkoff, executive director of the chamber. The Southeast Asian nation has struggled to maintain manufacturing and exports in the face of surging Covid-19 cases, one of the key fronts in the battle to keep international trade running for goods including clothes, computer chips and cars. Related: How to setup a foreign invested enterprise in Vietnam “Even with the supply chain and shutdown…
Vietnam records 14,193 more domestic Covid-19 patients, bring country’s total of the new wave to 546,684 Doctor, officials arrested for Covid vaccine bribes and allegedly abusing power in performance of official duties. Visit Vietnam Insider’s homepage for more stories. The infection tally of Vietnam’s fourth Covid-19 wave rose to 546,684 Tuesday with 14,193 new cases recorded in 40 cities and provinces, Health Ministry reported. According to the latest report by the authorities, HCMC accounted for 7,310, marking the second-highest daily tally ever after 8,499 cases were recorded last Friday, followed by Binh Duong with 3,966 cases and Dong Nai with…
The biggest-ever consumer finance survey in Vietnam has named Vietcombank, BIDV, and Techcombank as the country’s three strongest financial brands. Based on over 45,222 interviews with Vietnamese consumers between July 2020 and July 2021, the results were revealed in the first YouGov’s Banking & Insurance rankings, published on 7 September 2021. The rankings are based on an aggregate of six unique criteria measuring consumer perceptions of local and international financial institutions in Vietnam. Banks and insurers were rated on their reputation, customer satisfaction, value-for-money, quality, overall impression, and whether people would recommend it to others. Related: Vietnamese consumers more likely to…
Vietnam reported 12,477 new Covid-19 cases in 39 localities on Monday, bringing the total number of cases in the new wave to 532,491. Among the new cases, Ho Chi Minh City recorded with 7,122 new cases, followed by Binh Duong Province with 2,194 cases and Dong Nai Province with 871 cases, according to the health ministry. Today, the country detected 8,099 cases in the community with unclear sources of transmission while the remaining had been contained in lockdown and quarantine areas. Total recoveries since the start of the pandemic rose to 301,457 with 9,730 of them announced on the day,…
My total income from pension and investments is Rs 13 lakh. Which ITR form should I use for filing ITR? Your pension income will need to be declared under salary head and offered to tax at your applicable slab rate after standard deduction of Rs 50,000. LTCG on FMP maturity will be taxed at 20% after indexation. Read Full ArticleCan I claim deduction on principal of home loan EMI paid if I have not received possession of property?The principal portion of the EMI paid for the year is allowed as a deduction under Section 80C in the year of payment.…
Vietnam’s ministry of health said, the country’s coronavirus epicentre, Ho Chi Minh City, and capital Hanoi must vaccinate all of their adult residents with at least one shot by Sept. 15. The country has one of the lowest coronavirus vaccination rates in the region, with only 3.3% of the country’s 98 million people fully vaccinated with two shots, and 15.4% with one shot, according to the data from ministry of health. Vietnam is battling a worsening COVID-19 outbreak that has infected more than 520,000 people and killed 13,000, the vast majority in the past few months, according Reuters. Related: How many…