Category Investments

Tax Slab Rate of 35% Proposed Under DTC Bill

Category: InvestmentsTax Planning Comments: One comment

New 35% Tax slab

Luxury comes at a cost and this is going to be true in coming days with the clearance of Direct Tax Code or DTC Bill, 2013. It is not only proposed but most certainly will get the nod of Cabinet to tax the Super Rich @35% tax. The existing tax slabs are going to be revised with addition of another slab of 35% covering the Super Rich...

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PF account

After a long haul, a much awaited step has been taken by the Employee Provident Fund Organization (EPFO) to make online transfer of PF accounts, when an employee switches job from one company to another. This step will benefit over 13 lakh PF subscribers and also reduce the long time taking process and confusion.
After getting a huge response for the online verification of balance in PF account the Employee Provident Fund
Organization (EPFO) has taken this step to test the online transfer of acc...

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Rajiv Gandhi Equity Savings Scheme Explained & Compared to ELSS

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Rajiv Gandhi Equity Saving Scheme (RGESS) ,Tax Saving Scheme

Rajiv Gandhi Equity Saving Scheme (RGESS) is a tax-saving instrument announced in the Finance Act, 2012 to attract new investors to the equity market. It is exclusively for first time retail investors in the securities market. These investors are called “NEW INVESTORS”.

Even after initial explanation some doubts do remain in the mind of investors. To remove those doubts here is a table with practical example to give you a deeper insight to exactly how Rajiv Gandhi Equity Saving Scheme (RGE...

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Health Insurance Plan – Health Protection

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Health Insurance Plan

Heatth Insurance Plan: Health Protection


Health is a major concern on everybody?s mind these days. With sky rocketing medical expenses, the possibility of any illness leading to hospitalization or surgery is a constant source of anxiety unless the family has actively provided for funds to meet such an eventuality. Most families rarely provide for healthcare, and even if they do, it is grossly inadequate...

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Top 10 Hidden Charges That Eat Up Your Money.

Category: InvestmentsStock & SecuritiesTax Planning Comments: No comments

Hidden Charges

An individual is unaware of many hidden charges that eat into his hard earned money, leaving him with less to invest and less to earn. As it is a known fact that,“someone’s pain is someone’s gain” and it aptly fits the financial services jargon. An individual is sold such policies, houses or loans which gives maximum return or commission to the bankers, real estate agents, insurance agents, etc...

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Inflation Indexed Bond (Debut June 4, 2013)

Category: InvestmentsMutual FundsStock & SecuritiesTax Planning Comments: No comments

Inflation indexed bond

An Inflation Indexed Bond, is a bond which assures a return higher than the inflation rate if held to maturity. The interest rates or which actually called coupon rates and capital appreciation of these inflation indexed bond is linked to the rates of inflation, hence the investor can be assured of safe returns. In other words the risk factor is reduced to NIL and investor can be assured of the return promised.

The government will start issuing inflation indexed bond from June’ 2013, that would ...

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Home Loan Prepayment Fee Eligible For Tax Benefit

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Home Loan

A recent decision by Income Tax Appellate Tribunal, Mumbai has brought cheer to the face of taxpayers who have taken huge home loans and have somehow managed to repay the same before the term of home loan. The banks used to charge pre-payment/foreclosure fees or penalty from the taxpayer in case they settle their home loan earlier than the time stipulated...

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PF Interest Rate Increased to 8.5%

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PF Interest Rate

There is something to cheer for salaried employees who get a regular deduction and deposit in Employee Provident Fund.PF Interest Rate for the current financial year has been enhanced with immediate effect.

The decision of payment of 8.5 per cent rate interest for 2012-13, up from 8.25 per cent provided in the previous fiscal, has been taken by the Retirement Fund BodyEPFO. It will benefit over 5 crore subscriber of PF account...

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Public Provident Fund PPF

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Public Provident Fund

Public Provident Fund (PPF) – Things To Know Before Investing.

If you are looking for a long term investment, which is not only safe but also offers growth with added advantage of being tax free then, Public provident fund (PPF) is the best option available to you. Public Provident Fund (PPF) is one of the most popular tax-saving schemes, which can be opened in a post office or designated bank branches.

Following are the key features of PPF which you must know before you plan to invest in this...

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LIC Insurance Plan – Bima Account 1

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LIC Insurance Plan

LIC Insurance Plan Bima Account 1



As the name explains about this LIC Insurance Plan “Bima Account – I ” is a simple non-linked plan under which you can be covered without undergoing any medical examination subject to certain conditions.

This plan offers you everything you think of an insurance plan should provide:

  1. Simplicity
  2. Liquidity
  3. Guaranteed minimum return
  4. No medical examination
  5. Transparent charges
  6. Risk cover

Under this plan, the premiums paid by you, after deduction of...

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