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.

Read More

Home Loan Prepayment Fee Eligible For Tax Benefit

Category: InvestmentsTax Planning Comments: No comments

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...

Read More

PF Interest Rate Increased to 8.5%

Category: InvestmentsTax Planning Comments: No comments

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...

Read More

New ITR Forms A.Y. 2013-2014 Released

Category: Tax Planning Comments: No comments

New ITR Form 2102-2013

New ITR Forms for Assessment Year 2013-2014 Released

Income-tax (3 rd Amendment) Rules, 2013, Income Tax Notification No. 34 /2013 dated 1st May 2013

S.O. 1111 (E).─ In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-
1. (1) These rules may be called the Income-tax (3rd Amendment) Rules, 2013.

(2) They shall be deemed to have come...

Read More

Public Provident Fund PPF

Category: InvestmentsTagsTax Planning Comments: No comments

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...

Read More

House Rent Allowance (HRA)

Category: TagsTax Planning Comments: No comments

House Rent Allowance

House Rent Allowance (HRA)

HRA or house rent allowance is provided to employees by its employer for meeting the cost of rent paid when staying in a rented accommodation for discharging his services as an employee. HRA is a part of the salary package, in accordance with the terms and conditions of employment. The Income Tax Act allows for deduction in respect of the HRA paid to employees...

Read More

Best Mutual Funds For Year 2013

Category: Mutual Funds Comments: No comments

Best Mutual Funds

Every individual who wants to create wealth and also earn good income looks for best mutual funds, which are a good balance of equity and debt. Mutual funds with some good consistent performance in past and also at present have earned a good name in the market as a safe mode of investment with high returns.
This article will quantify the best mutual funds for 2013, which are performing well at present based on past performance...

Read More

Jeevan Kishore

Category: Insurance Comments: No comments

Jeevan Kishore, Children Plans

Jeevan Kishore Features

Product summary:

This is an Endowment Assurance Plan available for children of less than 12 years of age. The policy may be purchased by any of the parent/grand parent.

Commencement of risk cover:

The risk commences either after 2 years from the date of commencement of policy or from the policy anniversary immediately following the completion of 7 years of age of child, whichever is later.

Premiums:

Premiums are payable yearly, half-yearly, quarterly or monthly throughout...

Read More

Komal Jeevan

Category: Insurance Comments: No comments

komal Jeevan, Child Insurance Plan

Komal Jeevan Features:

Product summary:

Komal Jeevan is a Child Insurance Plan of LIC that provides financial protection against death during the term of plan with periodic payments on survival at specified durations. This plan can be purchased by any of the parent or grand parent for a child aged 0 to 10 years.

Commencement of risk cover:

The risk commences either after 2 years from the date of commencement of policy or from the policy anniversary immediately following the completion of 7 years...

Read More

LIC Jeevan Saral

Category: Insurance Comments: No comments

LIC Jeevan Saral, Insurance Plans

LIC Jeevan Saral Features

LIC Jeevan Saral is an Endowment Assurance plan where the proposer has simply to choose the amount and mode of premium payment. The plan provides financial protection against death throughout the term of the plan. The death benefit is directly related to the premiums paid. The Maturity Sum Assured depends on the age at entry of the life to be assured and is payable on survival to the end of the policy term. It also offers the flexibility of term and a lot of liquidity.

Read More