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August 2015 - Optima Money

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Monthly Archives: August 2015

Five mistakes that jeopardizes financial freedom

Five mistakes that jeopardizes financial freedom

It is not the income that brings financial freedom but it is the balance between income and expenses which help you attain it. Managing money is an art and science. People work hard to fulfil their aspirations but few mistakes may jeopardize all their efforts. Despite of having adequate income people find it difficult saving […]

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Deductions under chapter VI-A of Income Tax Act for AY 2016-2017

Deductions under chapter VI-A of Income Tax Act for AY 2016-2017

Income tax act provides scope of claiming deduction from gross total income. Income earned by an individual under different heads like salary, business or profession is clubbed together to calculate the gross total income. Then eligible deductions are claimed and tax is calculated on the balance income. Here we shall discuss deductions allowed for assessment […]

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