Grow Wise

Tag: tax

  • Best Tax-Saving Investments for Senior Citizens in 2024

    As a senior citizen, you may be looking for ways to save tax on your income and also earn a decent return on your investments. There are many investment options available for senior citizens in India, but not all of them are equally beneficial in terms of tax-saving and returns. In this post from GrowWise,…

  • How to File Income Tax Returns for NRI

    Non-resident Indians (NRIs) are those who have an Indian passport but live outside India for more than 182 days in a financial year. NRIs have to pay tax on their income earned or received in India, as well as on their income that is deemed to accrue or arise in India. However, NRIs can also…

  • Maximizing Returns: Tax Saving Tips for Small Business Owners in India

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    For small business owners in India, managing taxes effectively can significantly impact the bottom line and overall financial health of the business. With the right tax planning strategies in place, small businesses can minimize their tax liabilities while maximizing their savings and profitability. In this guide, we’ll explore actionable tax-saving tips specifically tailored for small…

  • Pros and Cons of Investing in Mutual Funds in a Minor’s Name

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    Investing in mutual funds is a popular strategy for building wealth and securing financial futures. For parents or guardians looking to invest on behalf of their children, mutual funds offer a promising avenue for long-term growth. However, investing in mutual funds in a minor’s name comes with its own set of considerations, including paperwork and…

  • Maximizing Tax Savings: Strategies for Salary Above 10 Lakhs

    For individuals earning a salary above 10 lakhs in India, tax planning becomes crucial to minimize tax liabilities and maximize take-home pay. By leveraging various tax-saving strategies and investment avenues, taxpayers can optimize their finances and ensure compliance with the Indian tax laws. In this comprehensive guide, we’ll explore effective ways to save tax for…

  • Double Tax Savings: Benefits of Homeownership for Women in India

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    Owning a home is a cherished dream for many, and in India, it holds unique significance for women. It represents more than just bricks and mortar – it signifies financial independence, social recognition, and a safe haven for the family. Recognizing this aspiration, the Indian government and financial institutions have introduced several initiatives specifically designed…

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