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Personal Finance: Changes from April 2012

Bonds, ELSS, Fixed Deposit, Fixed Income, Income tax, Infrastructure Bond, Insurance, Life Insurance, Mutual Funds, Provident Fund, RGESS, Saving Account, Stocks, Tax Saving, Taxes, ULIP

With start of new financial year 2012-13, a lot would change from today in personal finance space. Here is the list. Good News: Increased Interest on Small Savings Scheme like PPF, NSC, etc: The government has increased interest rates on post office deposits like PPF, NSC, Fixed Deposit, Recurring Deposit, and Senior citizen Scheme in […]

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Savings Bank Account becomes Tax Efficient: Budget 2012

There is some good news in terms of Interest you earn on Savings bank account. Till now all the interest income earned from your saving bank was taxable. However Budget 2012 proposes that saving bank interest income up to Rs 10,000 will not be taxed under a new section, 80TTA. This benefit would be available