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Tax Planning

Finance Minister PC is expected to launch Rajiv Gandhi Equity Savings Scheme (RGESS) on February 9, 2013 to woo first-time stock market investors. This is a welcome step to get domestic money which could help in increasing domestic participation percentage in equity markets. On one hand it will remove inhibitions related with stock markets due […]

Continue reading about Rajiv Gandhi Equity Saving Scheme, is it Good for investing?

This year onward, there will be no tax benefit from Infrastructure Bonds. So on one hand Mr. Pranab Mukherjee gave some extra money by increasing basic exemption limit by 20,000 Rs and with other hand he took back more by taking back 20,000 tax deduction provided under section 80CCF using Long term infrastructure bonds. Initially this section […]

Continue reading about No tax benefit from Infrastructure Bonds in FY 2012-13

Income Tax Slabs for FY 2012-2013 (Assessment Year 2013-14) Income tax slabs applicable for financial year 2012-2013 are as follows. Assessment year for income tax return filing is 2013-14 For General tax payers Income tax slabs Yearly Income Tax Rate Rs. 0 to 2,00,000 0 % Rs. 2,00,001 to 5,00,000 10% Rs. 5,00,001 to 10,00,000 […]

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admin1 on February 20th, 2012

Tax free bonds, that’s something new in Indian investment arena. It is an additional option to invest in debt market, that too in bonds issued by state-owned infrastructure developers. This promises around 8.5% returns, which is not offered by any other high rated debt instrument category. These bonds require no tax payment on the interest […]

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admin1 on February 19th, 2012

Many of our friends say that they have already taken care of 1,20,000 Rs investment they can do for tax saving, but is there anything else which they can do? Answer is yes, Even after you are done with Rs 1 lakh investment under 80C and Rs 20000 in infrastructure bonds you can still do […]

Continue reading about What after 80C, Can I save more?

admin1 on February 18th, 2012

“It’s already February and I haven’t done anything to save my tax, What should I do?” This is a very common question asked by many these days. Actually answer is not that difficult, may be you are already doing part of what is required. Income tax rules allow deductions under various sections which help us […]

Continue reading about How to Save Tax?

Income tax slabs applicable for financial year 2011-2012 are as follows. Assessment year for income tax return filing is 2012-13 For General tax payers Income tax slabs Yearly Income Tax Rate Rs. 0 to 1,80,000 0 % Rs. 1,80,001 to 5,00,000 10% Rs. 5,00,001 to 8,00,000 20% Above Rs. 8,00,000 30% For Women Income tax […]

Continue reading about Income Tax Slabs for FY 2011-2012 (Assessment Year 2012-13)

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