Overview on the proposed Rajiv Gandhi Equity Saving Scheme Have you heard of the proposed Rajiv Gandhi Equity saving Scheme by Government of India? This proposal is still under discussion by Governmetn of India and the guidelines are expected to come up in this 1st week of September, 2012. What is this proposed Rajiv Gandhi Equity Saving Scheme all about? This saving scheme was proposed by Government of India in 2012 Budget to channelize household savings into capital market. As […]» Read more
Do you need to worry about investments to be done in tax savings beyond 6 years of your career life?
Do you need to worry about investments to be done in tax savings beyond 6 years of your career life? This is a short article and I would be spending little time on a wonderful tip I learnt from my ex-manager. There was a discussion among the group about investments to be done in income tax saving schemes. I was expressing my concerns about lump sum investments to be done every year till we retire to do tax savings. He […]» Read more
Do you need to wait upto Dec for investing in income tax saving schemes ? One of the problems I used to face along was, worrying about the investments to be done for income tax savings during Jan to Mar. Once we get into Dec, I used to fear about the huge amount to be accumulated to invest for tax savings. I was only wondering how can I accumulative such big money in a month or two during Dec/Jan. I […]» Read more
Overview There are various tax saving schemes in India where a individual tax payer can invest and get benefit in income tax. Currently for FY 2012-13, below are the income tax slabs. Taxable amount (INR) Tax 0 to 2,00,000 Zero tax 2,00,001 to 5,00,000 10% tax 5,00,001 to 10,00,000 20% tax 10,00,000 + 30% tax However we see that an individual tax payer is in hurry to invest the money in one of the tax saving schemes and forget / […]» Read more