Changing jobs? Here's how to minimise tax impact

THE ECONOMIC TIMES Tue, Sep 13, 2016 | 04:30 AM IST ET Wealth Newsletter

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Changing jobs? Here's how to minimise tax impact From correct deduction of TDS to payment of advance tax, here's how to deal with various taxation issues that may arise when you switch jobs. Lost your job or taking VRS? Here's how the severance payout will be taxed Downsizing—be it by a startup or a global giant—is no longer a rarity. Understanding the tax implications of the severance package can come handy. Failure of education market: Hefty fees for worthless degrees don't buy well-paying jobs Commoditised market-oriented educational model is a scam, as it systematically milks customers for large sums of money and offers too little in return. From our Partners Help us understand your experience with economictimes.com. Share your feedback here Fill up a 5 minute survey From our Partners Play the balancing act of gymnastics in your investments! Gymnastics is a great combination of strength, balance, flexibility and grace. Which bonds to invest in for different financial goals? Find out India's bond market is not particularly vibrant, but it offers a range of products that can suit the various needs of investors. Will you buy if a real estate project has an exotic name? A foreign name conveys a superior value proposition and an aspirational tag, says Ashutosh Limaye, National Director, Research, JLL India. How much did you make in 3 years of the stock market rally after Modi took charge? Modi's anointment as the PM candidate in September 2013 led to a bull run that has added 9,000 points to the Sensex in three years. NPS cuts tax but equity funds can yield more NPS offers several advantages, but consider all the factors listed below to understand if it is suitable for you. From our Partners BRICS and the new emerging economic order BRIC - the term was coined in 2001, by Jim O'Neill, of Goldman Sachs, in his publication 'Building Better Global Economic BRICs'. From our Partners The Badarpur Plant's effect on Air Pollution and why it needs to be shut down The study, which analyzed 47 plants over 16 states, established the Badarpur plant as the country's most polluting power plant.

Financial Calculators Tax Impact Calculator This tax calculator will let you know how your tax liability changes post-Budget 2016. Just input your personal income details and know how much tax would now be payable. Home Loan Refinance Should you refinance your home loan? Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy. More Calculators

46% of Indian employees suffer from stress: Here's how to cope with it A frenetic pace, target pressures and daily deadlines can leave you feeling frazzled at work, but there are ways to cope, says Devashish Chakravarty. GST will contribute positively to the economy: Venugopal Manghat, L&T Investment Management The Indian market has several reasons to rally, but high valuations can be a cause of concern, Venugopal Manghat tells ET Wealth. HDFC Balanced Fund: A volatile yet stellar performer ET Wealth collaborates with Value Research to analyse top MFs. We examine the key fundamentals of the fund, its portfolio, performance to help you make an informed investment decision. Improved performance, robust fundamentals make Engineers India stock analysts' top pick The company saw a substantial improvement in its performance and the market rewarded it by pushing prices up 47%. The Sensex rose by 15% during the same period. Banker Pillai can cut tax outgo by investing more in NPS, re-structuring salary Sudhir Kaushik of Taxspanner.com advises readers on how to restructure their income, investments and expenses to optimise their tax. What is the best time to start estate planning? Being prepared now with a well thought-out estate plan can provide Amit and his family with financial security if a tragedy strikes. Smart things you must know about a Virtual Card Read on and find out what a Virtual Card is, how you can create it and what is it's utility. How to prematurely close PPF account The new PPF rules issued by the Ministry of Finance allow premature closure of the PPF account of a subscriber only in case of certain specified circumstances. Family Finances: Investing in equity can help Delhi-based Agarwals achieve financial goals Since they are in their early 30s, they have a long investment horizon and should tap the potential of equity to give high returns in the long term. PFRDA nod to 75% in equity for private NPS It would enable them to increase the portion of their money under the NPS in equity up to 75%, from 50% now. 85% people buy health covers to combat rising medical prices: ICICI Lombard General Insurance survey The wellness study also reveals that in order to combat rising medical prices, 58% have some sort of a health insurance plan. Startup TechJockey offers a marketplace for software solutions across industries This NCR-based second venture of serial entrepreneurs Akash Nangia and Arjun Mittal is creating a buzz in the software sales space. Alternative investment returns monitor: For week ending September 7, 2016 The scope and attractiveness of alternative investments is increasing. Here's a weekly tracker of returns from such investments. New Ulip rules deflated life insurers' profits in 2015-16 Private players worst hit as Ulip lapsation and surrender funds will no longer fatten the bottom line.

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