Are you a salaried employee and in a hurry to do tax-planning as the season is coming to an end? Don’t end up paying more taxes than you are obligated to. If you are unaware of different incentives, allowances and rebates under Income Tax Act, here is the information useful to you. Salaried people should put in sufficient time and effort to the tax-planning. You should be aware of the various benefits that you can avail of.

Yes, you are getting it right! It’s possible. Losses can also be advantageous sometimes. Usually, losses make investors feel lost. But, thanks for the initiatives taken by the Government. It has made various provisions in tax laws which prove helpful for investors who have ended up with losses while selling or transferring any asset they own, say houses, land, gold, shares, bonds, debentures or mutual fund units.

Bemused by market conditions? You must also be planning to reorganize your portfolio in the light of current trends of financial markets. Here are few guidelines that can influence your personal finances positively.

1. Maintain enough cash balances – You must be aware that many companies are on a spree of cost-cutting measures and reducing their workforce. In these conditions, you must be prepared to face any situation; if you are one among them, what would you do?

"It is the greenback which is unstable, and not bullion”
- Dr. Franz Pick (Austrian economist and currency expert)