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Which is the best tax saving scheme?

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In today's time, every person wants to save as much as possible from his hard-earned money. If you choose the right tax saving scheme, then along with saving tax, you can also create a good fund for your future. In this blog, we will tell you about the best tax saving plans , so that you can choose the right plan according to your needs. 1. Public Provident Fund (PPF) – The Safest Scheme Tax exemption: Up to ₹1.5 lakh under section 80C Interest Rate: Around 7.1% (fixed by the government) Lock-in period: 15 years Risk: Absolutely safe (Guaranteed by Government) Why choose us? Safe and long term savings plan Investment, interest and maturity amount – all three are tax free Partial withdrawal can be done after 7 years 2. Equity Linked Savings Scheme (ELSS) – Highest Returning Scheme Tax exemption: Up to ₹1.5 lakh under section 80C Interest Rate: 12-15% (on average) Lock-in period: 3 years Risk: Depends on the stock market Why choose us? Lowest lock-in period (only 3 years) Hig...

How to Save Tax for Startups and Freelancers?

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In today's time, the trend of startups and freelancing is growing rapidly. But when it comes to paying taxes, many startups and freelancers do not know how they can save taxes If you are also running a startup or working as a freelancer, then this blog will be very beneficial for you. Here we will tell you in simple language how you can save tax and make your business more profitable. 1. Get business registration done to save tax If you are a freelancer and working individually, you may have to pay higher income tax. But if you register your work as a Private Limited Company, LLP or Sole Proprietorship , you can avail many tax benefits. Which Business Structure is Right for You? Sole Proprietorship: For small freelancers and solo businesses LLP: For two or more freelancers or partners Private Limited Company: If you are starting a startup and want funding https://medium.com/@charleskerren/how-to-file-gst-returns-online-gst-return-filing-46fc570bdf34 2. Claim business expenses in...