IFCI is once again out with infrastructure bonds – IFCI Tax Saving Long Term Infrastructure Bonds–Series III. You can invest in the same upto Rs. 20,000 to save tax. Below are the details of the same. Rating ‘BWR AA-‘ by Brickwork Ratings India Pvt. Limited CARE‘A+’ by CARE Ratings (Credit Analysis & Research Ltd.) ‘LA’ by […]
National Housing Bank (NHB) is a statutory organization that was established on July 9, 1988. It is the apex level financial institution for the housing sector in the country and a wholly owned subsidiary of the Reserve Bank of India. NHB SUVRIDDHI (Tax Saving) Term Deposit Scheme: It is a tax saving deposit scheme for
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This post has some common rules and regulations of personal income tax in India. This would help you to further understand the intricacies of taxes. Income Tax Slabs/Rates for Financial Year 2011 – 12 1. Women assesses Upto Rs. 1,90,000 – Nil From Rs. 1,90,001 – Rs. 5,00,000 – 10% From Rs. 5,00,001 – Rs. 8,00,000 – 20% Above Rs. 8,00,000 – 30%
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If you are still wondering how much Income tax you need to pay this year 2011-12, here is a calculator for you in excel format. Below is the Income Tax Slab for FY 2011-12. Word of Cautions for using the Excel sheet: Only Orange Cells are input cells. Do not change any other cells as
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I found this intersting Question and the corresponding answer on Business Standard & ValueResearchOnline I had invested in ELSS (equity linked savings scheme) funds one year before, but I have not claimed this investment while filing for return. Can I withdraw from the ELSS, though the three-year lock-in is not complete? ELSS are tax-saving funds,
How to redeem ELSS/ Tax Saving Fund before 3 years? Read More »
