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Tax Saving

Invest in REC Infrastructure Bond to save tax

rec infrastructure bond There has been a series of Infrastructure launches one after the other.  L&T & IDFC had successfully closed their infrastructure bond isues  and not its IFCI and REC (Rural Electrification Corporation Limited) Infrastructue Bonds. You can invest in the same upto Rs. 20,000 to save tax. Below are the details of the same. Face Value Rs. […] Continue reading →

Save taxes with IFCI Infrastructure Bonds – Series IV

IFCI infrastructure bond 2011 IFCI is once again out with infrastructure bonds – IFCI Tax Saving Long Term Infrastructure Bonds–Series IV. 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 […] Continue reading →

Save taxes with IFCI Infrastructure Bonds 2011

IFCI infrastructure bond 2011 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 […] Continue reading →

Personal Income Tax – Common Rules & Regulations in India

Income Tax - Rules and Regulations 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% […] Continue reading →