Tax Saving

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% …

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How to redeem ELSS/ Tax Saving Fund before 3 years?

Tax Saving Mutual Fund - ELSS

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, …

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Opprtunity to invest less and save more Taxes – Sundaram Taxsaver Fund

sundaram_tax_saver_fund dividend

Today Economic Times has a big advertisement of Sundaram BNP Paribas Taxsaver declaring dividend of 20% i.e. Rs 2 per unit. The payout date is 29th January 2010. As this is a good ELSS Fund and I have also recommended it in my previous posts. So people looking for Dividend Payout or Reinvestment option can …

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