How To Minimize Your 2018-19 Taxes by March

| March 6, 2019

article image
With the financial year coming to a close, tax planning and saving is a primary concern for all. In this article, we will cover some last-minute tax saving tips that can help you save big before the end of the financial year. As another financial year comes to a close, it’s a period when many people look for different measures to save tax. The last quarter of a financial year is a busy time for taxpayers as they collect all their investment proofs to claim eligible deductions and reduce tax liability. While doing so, many end up making last-minute hurried decisions, which they may or may not regret later. How to choose your tax saving options wisely. There are a number of investment plans that one can consider for saving tax. The list includes life insurance, health insurance, ULIPs, tax-saving mutual funds, public provident fund, national savings certificate and new pension scheme. Each of these instruments are unique and they function quite differently from each other. Now, to claim tax benefit from a tax-saving instrument of any given year, the investment has to be made during that financial year. Thus, to avail tax benefits in 2018-19, one needs to ensure that money is invested any time from April 1, 2018 to March 31, 2019.

Spotlight

ICBC (Insurance Corporation of British Columbia

The Insurance Corporation of British Columbia (ICBC) is a provincial Crown corporation established in 1973 to provide universal auto insurance to B.C. motorists. Governed by a board of directors, CEO and management team, were committed to our 3.3 million customers and their safety on the road. We license and insure drivers and vehicles across B.C. through our service centres, plus a network of more than 900 independent brokers and government agent offices.

OTHER ARTICLES

Three insurtech trends to watch in 2020

Article | March 11, 2020

As the technological transformation of the global business landscape continues, more and more industries are feeling the pressure to embrace the potential of digital solutions, or be consigned to the scrapheap. In the unending quest for legacy industries to stay agile and avoid disruption, leading edge technologies are fusing with existing business models to create new, tech-driven disciplines. Fintech has been one of the great success stories of this trend, as financial institutions harness the power of artificial intelligence (AI), big data and multi-platform customer experiences (CX) to meet the expectations of their customers.

Read More

Does Business Insurance Cover Coronavirus Losses?

Article | March 11, 2020

People running businesses are scrambling to figure out how to deal with their financial losses and expenses from coronavirus COVID-19 business interruptions. Including me. I like sharing explainer Q&As with people who know more about subjects than I do and am using this blog post to share with others what I learned about what types of business insurance cover coronavirus COVID-19 losses. This is a basic explainer and not legal advice, and I tried to ask questions that would be helpful to both non-lawyers and lawyers.

Read More

Best Business Insurance for 2020

Article | March 11, 2020

Hopefully, you’ll never have to use your business insurance. But just like car insurance or health insurance, protecting your business from unexpected situations is crucial. However, 44% of small business owners don’t have insurance. This statistic is shocking. If you’re uninsured or underinsured, your company could potentially go bankrupt if something goes wrong, and you’re forced to pay out of pocket.

Read More

5 Deep Learning Use Cases for the Insurance Industry

Article | March 11, 2020

In 2010, with the launch of the Image Net Competition, a vast dataset of about 14 million labeled images was made open-source to inspire the development of cutting-edge image classifiers. This was when Deep Learning technology got it’s a real breakthrough and since then there’s been no looking back for advancements in this field.

Read More

Spotlight

ICBC (Insurance Corporation of British Columbia

The Insurance Corporation of British Columbia (ICBC) is a provincial Crown corporation established in 1973 to provide universal auto insurance to B.C. motorists. Governed by a board of directors, CEO and management team, were committed to our 3.3 million customers and their safety on the road. We license and insure drivers and vehicles across B.C. through our service centres, plus a network of more than 900 independent brokers and government agent offices.

Events