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In keeping with trend of publishing the Income Tax Calculator every year, here is the Income Tax Calculator for FY 2014-15 [AY 2015-16]. Changes in Budget 2014: We have incorporated the 3 changes that happened in Budget 2014 (presented on July 10, 2014) These are: Income up to Rs 2.5 lakhs for General Public and up […]
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The Tax Planning Presentation for FY 2013-14 – Tax Planning: How to Save Taxes for FY 2013-14 (AY 2014-15) was huge success. It was one of the most viewed presentation on Slideshare and had more than 3 Lakhs downloads from this site. Budget 2014 presented by the Finance Minister Arun Jaitley on July 10, 2014 had
The highlight of budget 2013 for common man was the Tax Rebate of Rs 2,000 for people with income of less than Rs 5 lakhs. This has been made possible by inserting a new section 87A in the Income Tax Act of 1961. I posted the Income Tax calculator for FY 2013-14 and received a
Budget 2013: Are you eligible for Rs 2000 Tax Rebate under Sec 87A? Read More »
Every budget changes lots of things in the personal finance space. Here is a list of 16 things that has changed for you. 1. Income Tax Slabs for FY 2013-14 The income tax slabs have largely remained unchanged for individuals. There are two major changes. People with income less than Rs. 5 Lakhs have to
There are two things that have changed for mutual funds in budget 2013. We discuss both one by one. I would start with the good news first. Lower Securities Transaction Tax (STT) on Mutual Funds: The securities transaction tax has been lowered substantially on redemption of Mutual Funds (MF) and Exchange Traded Funds (ETFs) from
Mutual Funds: Changes in Budget 2013 – Increased DDT, Lower STT Read More »
