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VSRK Financial Services

VSRK Financial Services

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Tax Consultancy Service

We offer the best product range of tax planning services, Tax Slabs Services, Tax Calculation Services and tax deduction services.

Tax Planning Services

There is more to tax planning than the exemptions available on savings made by you. With our Tax Planning advice, you will pay the right amount of tax and know how to tax proof your income and gains. After all, your capital is more productive in your hands and it can work wonders for you if planned properly. We guide you in Planning & managing your finances and achieving your financial goals. Basic planning starts with tax planning services which can increase the take home income. These investments can also cater to a few of your needs if this is well planned. Tax planning is not restricted only to tax savings investments (Section 80C). There are several other components e.g. HRA, Home Loans, LTA, Sec 80D, Re-imbursements, etc to reduce the taxable income.
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Tax Slabs Services

(a) In case of a resident individual of the age of 60 years or above but below 80 years, the basic exemption limit is Rs. 300, 000.(b) In case of a resident individual of age of 80 years or above, the basic exemption limit is Rs 500, 000.(c) Finance (No.2) Act, 2019 provides for surcharge at: 37% on base tax where income exceeds Rs. 5 crore; 25% where income exceeds Rs. 2 crore but does not exceed Rs. 5 crore 15% where income exceeds Rs. 1 crore but does not exceed Rs. 2 crore; and 10% where income exceeds Rs 50 lakhs but does not exceed Rs. 1 crore. Marginal relief for such person is available.(d) Health and Education cess @ 4% on aggregate of base tax and surcharge.(e) Finance Act, 2019 provides a rebate of lower of actual tax liability or Rs. 12, 500 (against earlier rebate of Rs. 2, 500) in case of individuals having total income not exceeding Rs. 500, 000 (against earlier income of Rs. 350, 000).
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Tax Calculation Services

By careful planning, one can reduce tax liability substantially.Dont wait for last minute. Start in April and use monthly investments to reduce risk. It will be easier on your pocket as well.Try and achieve tax planning and also planning for your needs simultaneouslyUse tax efficient investment avenues. You should not be paying too much tax on their returns
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Tax Deduction Services

Under Sec.80C of the Income Tax Act.Premiums paid up to maximum of Rs.1, 50, 000 subject to maximum of 20% of Capital sum Assured under Traditional & Unit linked Plans. Under Sec.80CCC of the Income Tax Act.Premiums paid up to maximum of Rs. 1, 50, 000 under pension plans. However, u/s.80 CCE, the aggregate amount of deduction under section 80C, section 80CCC, and section 80CCD shall not, in any case exceed one lakh rupees. Under Sec.80DD of the Income Tax Act.Premiums paid under plans exclusively for physically handicapped persons upto Rs.50, 000/-In case of severe disability as certified & issued by the medical authority upto Rs. 75, 000/-Exemption of Life Insurance Proceeds. Under Sec.10(10D) of the Income Tax Act.Maturity benefits are tax free. However in cases where premium exceeds 20% of capital sum assured within a year, benefits paid in excess of premiums paid will be taxable.Death benefits are tax-free.
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