Tax Saving Plans In India And Registration Of Private Company

Indians generally goes for various schemes of investment to avoid paying taxes . These schemes are generally in form of investment in various funds , tax saving devices etc . There are some popular devices for investment to save the tax . Some of these devices are mentioned here .

Public provident fund is one of the popular methods under the sector 80 cc . The investment made under this plan not only saves income tax but also assures retirement fund . The interest rate under this fund is very high , at around 8.7 %. the investment under this plan can be made by everyone as the investment required initially is very low , as low as 500 rupees and maximum can be 150,000 rupees annually .

Equity linked saving scheme comes with lock in period of 3 years . Since these investment are made in stock markets there are fluctuations in the market , which affect the investment in this plan . If a person is not able to invest in the equity linked saving , then , the best option is bank deposit , which is fixed and is tax saving also . The tax benefits under this scheme come under 80 cc . The amount deposit under the tax saving schemes can be deducted from the income and thus the income for tax is reduced , which in turns reduces tax liability .

Senior citizens of India Income Tax Consultant in Gurgaon can go for saving scheme for seniors , which gives very high returns at 9 percent . This scheme is backed by the government of India and is a good option for senior citizens .

There are various insurance plans on which the premium paid comes under 80 cc provisions . In these scheme , the individual can avail the deduction up to 150,000 rupees . One can also invest in the schemes depending on the risk that investor is willing to make .

Insurance and tax saving devices together comes in ULIP . Here , one gets insurance along with tax saving instruments .

Company registration process Company registration consultant in Gurgaon for private company is been made simple now that many online companies are providing faster services . The once registration is over , the private limited company , can increase its borrowing capacity , can transfer its shares to any other person , and can acquire any property under its name . After registration , the company becomes legal entity under the Act . The company can keep property and incur debt.

The best tax consultation and registration in Gurgaon

Income Tax is one of the various taxes of the country, which comes under the Central Government. Since it is a tax and has to be paid, especially to the government, and mostly the effect of paying income tax is not clearly visible, people are always hesitant to pay it. Income Tax is levied on the income of a person.

The tax varies according to the Income a person earns and whether he/she is applicable to pay the tax. If the Income of a person does not come under the limit of tax, then he/she does not have to pay the tax. But is the income of the person falls under the condition of tax, then it is the legal duty of the person to pay his/her income tax due? And not paying the income tax is an offence and a legal action can be taken against the defaulter.

Income is something, which was very scary from the very beginning itself for the people who either don’t know the benefits of paying this tax or who wants all the money only for his pocket or a layman who doesn’t have the slightest idea of what this Income Tax is. Not many people want to pay their tax. But some people are there who are intellect enough and knows the benefits of paying the Income Tax.

From the words of some of these responsible people who duly pay their income taxes, are very happy and not afraid of it at all as they know that they are contributing their bit to the development o the country. Paying your Income Tax on time actually, means contributing your part to the development of the country as it is one of the major sources from where country earns.

Income Tax Consultant in Gurgaon , is the best CA company who helps you in filling to pay for your income tax. The company gives services in the area like accounting, income tax, auditing, services tax, vat/sales tax, company law matters, GST, etc.

Company registration consultant in Gurgaon , helps you in registration of the Income Tax and filing for the payment for the income tax. Our services are always solution based, result-oriented, on time delivery and is well-planned and efficient. We have a team of experts who strive every bit to help you in every step of paying the taxes.