Tax Planning Headlines

Income Tax Slabs for 2015-16

Rajesh Singla

Chapter One: Step by step guide starts with discussing about tax saving slabs. Finance minister revise the income tax slabs ...

How to check income tax refund status?

Rajesh Singla

Are you seeking a refund from the income tax department because your employer has deducted more income tax than calculated ...

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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.

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

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

Ways to do Tax saving

Rajesh Singla

Have you ever wondered what are all the ways to do Tax-saving. Won't it be easy to judge if one gets a list of all Tax saving options & he is able to make a financial plan accordingly. Here is the list of Tax Saving ways which can be used to figure out the options available.

Advantages of a pre-approved home loan

Rajesh Singla

Looking for a house? Do you have a budget in place, which will ensure that you look for a house that is well within your means? If not, start the process now, as buying a house is a big investment, having financial repercussions for years to come. How do you prepare a budget? Analyse your current financial situation to determine available resources. You need to answer questions such as, how much cash will you have at hand for a down payment? Also, you would want to know the quantum of housing loan you would be eligible for? After all, how many of us can buy a house today without a housing loan? The housing loan amount will be the critical factor determining your budget. Want to guage the actual quantum of loan the bank will provide you with? Look for ‘pre-approved’ housing loans.

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Income Tax Slabs

Rajesh Singla

There are few changes which has been implemented for the Tax Slabs. Quick highlights from Budget 2011: Base slab for general tax payers increased to 1.8 lakh from original 1.6 lakh Senior citizen age reduced to 60 years from last years 65 years. Senior citizen now include people between 60 and 80 years. Also increased the base slab for senior citizen to 2.5 lakh from previous years 2.4 lakh A new category called "Very Senior citizen" added for people above 80 years

How should a Financial Planning Look Like?

Rajesh Singla

Early you Start, Lesser you need to save Per Month as it is a more planned Investment Strategy & Hence, one can get it covered on both the Fronts of Investments & Insurance

What is Direct Tax Code – How it Will Impact us?

Rajesh Singla

The New Direct Tax Code (DTC) is said to replace the existing Income Tax Act of 1961 in India. It is expected to be passed in the monsoon session of 2010 and is expected to be enforced from 2011 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.

MF Paying high Comission to push ELSS ahead of new tax regime

Rajesh Singla

MFs are in a hurry to lock-in maximum assets under ELSSs before the country moves to the new tax rules, known as the direct tax code scheduled to kick off on April 1, 2012. Investors in unit-linked insurance plans will not get tax benefits, according to proposed tax norms.

Top ELSS Mutual Funds in India

Rajesh Singla

Our Pick in this Pack remains Reliance Tax Saver ELSS Fund. Not only, is it the Best Performing Mutual Fund in SIP. Also, it gives an additional Benefit of Insurance. HDFC Tax Saver is also a very good fund to be in. One should not consider too much in Absolute Returns, as it varies Day to day basis.

3 Finance Must Do in 2011 for Tax Planning

Rajesh Singla

The calendar year end is behind us. And with January upon us, the tax year-end of March 31 is closer than we think. Here are 3 things that every salaried employee must do before the tax year-end, especially if you want to avoid headaches and penalties later this year when its time to file your annual tax return

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