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Income Tax Handbook for Salaried Employees | |
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Section I: Income Tax and You
- Who should file income tax return?
- Due date of filing income tax return
- Forms to be used for filing return
- How to file income tax return (E-filing)
- Obtain your Form 16 early
- Incomes to be reported in your return
- You can Revise your Return
- All about PAN number
- Be prepared for Annual Information (AIR)
- How to manage cash transactions
- How is unexplained income treated
- Income tax refund
- Above 65 years and receiving pension
- Worked outside India: Your residential status
Section II: Income Tax and Your Career
- Your salary package
- Your Form 16
- What is it all about Stock options
- Amount recieved on Voluntary retirement
- Medical Insurance
- Higher education Loan
- Donations and social responsibility
- Retirement planning
Section III: Income Tax and Your Family
- How to safeguard tax liability due to clubbing of minor's income
- How to plan for child's future (education, marriage, setup of business)
- Got Married? Create an HUF (Hindu Undivided Family)
- Estate planning and inheritance
Section IV: Income Tax and Your House
- Ownership
- Self occupied or Let out
- Buy vs. Rent
- Effective tax rate on house property
- Deduction on home loan interest
- Lower tax due to unrealized rent
- Capital gain on sale of house property
- Commercial property
- Land cost vs. construction cost
- Hidden costs of second home purchase
- Investing capital gains in house property
- Your home should be yours forever, even if you are not arround
- Capital gain tax on sale of land and building including house
- How much one should borrow while buying house?
Section V: Income Tax and Your Investments
- PPF: Are you risk averse
- ELSS: Fast Growth
- ULIP: Maybe the best investment
- Deduction on child's tuition fee
- Payment for purchase/construction of new house
- Insurance premium
- Pension Fund
- Post office investment
- NSC
- Infrastructure Bonds
- Bank fixed deposits
- Gold and jewellery
- Agricultural land
- Art effects
- Shares
- Who should invest in mutual funds?
- RBI bonds
- Commodities
Section VI: Income Tax and Your Financial Planning
- What is financial planning
- Who needs financial planning
- Identify your financial goals
- Secure your financial responsibilities
- Reduce your borrowing costs
- How to save money
- Take calculated risks
- Diversify your financial basket
- Invest in tax efficient instruments
- Systematic investment plan (SIP/SWP)
- How to get tax free regular income for life plus tax free wealth for childeren
- Reverse mortgage
- How to become a crorepati
- How to get rid of debt
- Create family trust/HUF
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