Best Tax Saving Schemes in India for 2012 There are various tax saving schemes in India which can be invested for 2012 and get the highest returns. Investing in best investment options is key to grow the hard earned money. There are various investment categories under which we get tax exemption under Section 80C of Income Tax Act, 1956 in India. Quick list of tax saving investments categories Equity linked saving schemes Fixed deposit Infra bonds Life insurance NSC PPF […]» Read more
Govt. Approved: Rajiv Gandhi Equity Saving Scheme – One of the best investment options Finally, Govt of India approved the Rajiv Gandhi Equity Saving Scheme yesterday. Below are highlights of Rajiv Gandhi Equity Saving Scheme This scheme is aimed to new investors who want to invest up to Rs 50,000 in capital markets and whose annual income is up to Rs 10 lakhs The investment can be done in blue-chip private and public sector companies. The scheme covers stocks listed […]» Read more
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