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Income Tax Calculator

Income Tax Calculator

Calculate your income tax well in advance, so that you have time to check, file and get refund on time.

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Income Tax Dates

Income Tax Date

April 17, 2012 is date for US tax filing. Know more dates about tax filing, tax filing extension, late filing.

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Permanent Account Number

Income Tax form

Know the purpose of various forms. Get familar with these forms purpose. File by paper or online

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Income Tax Deductions

Income Tax Deductions

Deduction is the word - everyone likes only at time of calculating tax. Know what deductions apply to you.

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Cities - Bihar

Health Insurance and Tax Saving Schemes in India

People who are looking for options to save their tax have a reason to smile now. This is because of the reason that various insurance companies offer numerous health insurance schemes and other tax saving options. It is very important that your future and the future of your family must be secured. By obtaining a health insurance, you will be able to get health benefits in need and save tax. These medical insurance schemes are offered by both nationalized and private banks and institutes. You should get in touch with them for getting complete information about tax saving schemes so that you are able to save some amount of money.

People should know that they must pay tax as and when required and there is no way that they are able to get completely exempted from tax payments. However, there are numerous ways by which you are able to save the amount and one of the best options is to get an insurance policy. Mediclaim or medical health insurance is one of the most effective ways which can give the individuals highly beneficial tax saving schemes. Because of these reasons people have started relying on them for recent years. The budget of the nation has an impact on these plans.

There are a lot of sites on the internet offering these plans and you can even save significant amount if you buy health insurance online. One of the major advantages is that you will be able to calculate the tax gains as there are a lot of tax calculators available online. These calculators are quite simple and easy to use and the person does not need to be tech savy to operate them. It has been mentioned in Section 80 D of IT Act, people belonging to Hindu undivided families (HUF) and individuals or Hindu joint families have been entitled for tax saving schemes such as Mediclaim or health insurance plans and policies.

It is highly recommended to get the details of these plans and policies and how much you can save on tax. This is because of the reason that there is wide range of Mediclaim policies for the benefits of people. Health advantage plus is one of such policies and can be used for tax saving purpose. However, before taking any decision you must do complete research and choose the best suited to your requirements and the budget.

You will be glad to know that you can get entitled for additional tax saving if you gift the policy to someone else. These days, internet has taken a special place in everyone’s life and anyone can buy, renew or pay for the policy online. In case, you find it hard to understand the payment terms, policy rules and tax saving, one of the best ways is to get in touch with a tax consultant who is well versed with the rules and regulations. He will be able to assess your financial condition and offer the best suggestions for which health insurance plans you should go for.