Tax saving Headlines

Does it make sense to put your money in Infrastructure bond in 2012-13?

Rajesh Singla

  Market is floating with infrastructure bonds lining up one by one. REC was the first one to hit the ...

IT return file date extended

Rajesh Singla

    The government on Tuesday extended the deadline for e-filing income tax returns to 31, August, 2012 from an ...

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Stockssavvy offers free 200 coupons to readers for filing IT Return

Rajesh Singla

  It is the time to file your Income tax returns. Gone are the days when filling IT returns were ...

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LIC comes up new policy “Jeevan Vaibhav “

Rajesh Singla

LIC new single premium plan – ‘LIC’S JEEVAN VAIBHAV’ is slated for launch on the 21st of May,2012. Let us check ...

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Income tax slabs for fiscal year 2012-13

Rajesh Singla

How Budget affected the common man? Did it bring more in the pocket of a common man? How Budget impacts you? Read on for the answers. Much awaited Budget 2012-13 have given a marginal benefit to common man by increasing the tax slab to 2 LA.

IDFC, L&T starts their second innings for Tax saving Infrastructure Bonds

Rajesh Singla

IDFC & L&T has come out with the second tranche of tax saving infrastructure bonds issue which can help investors save tax up to Rs 20,000 under section 80ccf. After successful tranche -1 from both the companies, they have come up to play their second innings

Comparison between PPF, NSC & Tax saving fixed deposits

Rajesh Singla

With December in, corporate employees are trying to figure out the ways for doing the tax saving as they have to show the proof that they have been doing tax saving.Let us have a comparison of Low risk PPF, NSC & Tax saving Fixed deposits which will yield the best return for a conservative investor

Interest Rate on EPF to reduce to 8.25%

Rajesh Singla

Government of India is planning to reduce the the interest rate on employee provident fund (EPF) scheme from 9.5% to 8.25%. Employee provident fund organization (EPFO), which takes care of the funds under EPF scheme, is planning to have a meeting on 23rd of Dec 2011 to discuss this matter of reducing interest rates from 9.5% (2010-2011) to 8.25% (2011-2012). Government of India is planning to reduce the the interest rate on employee provident fund (EPF) scheme from 9.5% to 8.25%. This comes as a shocker for a common man who do his savings through EPF.

Tax saving Fixed Deposits are seeking investors by offering High interest rates

Rajesh Singla

With the December approaching people have started nibbling in Tax saving options. Investors have lot to cheer this year with PPF, NSC interest rate increased. But if you are planning on picking NSC this year which has been offering 8.7% interest, then Hold on. Check on the Tax saving 5 year Fixed Deposits interest rates which is much more lucrative than NSC. How should you save tax?

Is this is a new beginning or beginning of an end for PPF & NSC?

Rajesh Singla

In order to attract more investors, Government has revised Interest rates on PPF, NSC & has scrapped agent’s commission. Small investors will directly benefit from this move. SEBI has burnt their hands by trying to pass the max. Benefits to investors & cutting the agents commission couple of years back. The question here arises. Is this is a new beginning or beginning of an end?

How to check your Employee Provident Fund Account?

Rajesh Singla

Do you know how much money you have in your Employee Provident Fund. Getting this information was really tedious earlier & lot of people never bothered to go through the pain to know their PF Amount money. But not anymore, now you can get your EPF details on your mobile phone by few clicks on EPF website.

IFCI Long Term Infrastructure bond are out for 2011 for 80 CCF savings

Rajesh Singla

Citizens have an option of investing up to Rs. 20,000 in long term infrastructue bonds and get tax benefit on that amount under Section 80CCF. This was made additional to the Rs 1 Lakh under Section 80C a year back. With a view to attracting long-term investments for the infrastructure sector, the government has allowed Industrial Finance Corporation of India (IFCI), Life Insurance Corporation of India (LIC), Infrastructure Development Finance Company (IDFC) and India Infrastructure Finance Company (IIFCL) and certain non-banking financial companies (NBFCs) to issue tax-saving bonds during the current fiscal

What is Direct Tax Code & how it will impact us?

Rajesh Singla

Off late you would have listen to Pranab Mukherjee talking about Direct tax code. Now, What is Direct Tax Code? Is it really worth having? How it will impact us? Is it really beneficial to the common man. Let us try to figure it out. Finance Minister Pranab Mukherjee today hoped that the Direct Taxes Code (DTC), which seeks to replace the Income Tax Act of 1961, would come into force from April 1, 2012. During the budget 2010 presentation, the finance minister Mr. Pranab Mukherjee reiterated his commitment to bringing into fore the new direct tax code (DTC) into force from 1st of April, 2011, but same could not be fulfilled and now it will be applicable from 1st April, 2012

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