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Indian Stock Market News and Views.

Impact of Direct Tax Code on Salaried Individuals

| Filed under Economy

So, it is finally here! After months of deliberations and tweaks, the much-awaited Direct Taxes Code (DTC) will replace the age-old Income Tax Act from April 1, 2012. So how will the new DTC impact you and me and the millions of salaried individuals in this country? Let us see!

salary survey 199x300 Impact of Direct Tax Code on Salaried Individuals

Personal taxation slabs: A disappointment!

While there was widespread cheer about the proposed personal taxation slabs in the original form of the DTC when it was proposed last year, the current DTC act wears an insipid look. It has nothing major to offer on personal taxation slabs except that men, women and Hindu Undivided Family (HUF) will now face Rs. 2 lakhs of tax free exemption.

This is how the new tax slabs in DTC will look. There will be no tax up to Rs 2 lakh. There will be 10% tax on income between Rs 2,00,001 and Rs 5 lakh; 20% tax on income between Rs 5,00,001 and Rs 10 lakh; and finally 30% tax for income above Rs 10 lakh.

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Medical Insurance Policies – Mediclaim

| Filed under Economy

health Medical Insurance Policies   Mediclaim

Of course you would have heard of Mediclaim and medical insurance policies that are offered by almost all insurance companies. This is an insurance policy that provides medical cover for both self and the dependents. This means that a person can get medical insurance for their spouse, parents and children.

There are a number of medical insurance coverage’s that are available with a number of variations. These insurance covers provide for the treatment, procedures, hospitalization and other associated costs for major and minor ailments. Along with the basic coverage, other add on coverage’s are also available. For this the insurance holder would need to pay extra premium.
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Tips in Selecting the best insurance cover

| Filed under News and Views

pictRSI 8877 300x225 Tips in Selecting the best insurance cover
The modern world anywhere you live has become a place where uncertainty is the ruler, many people have recognized it, as more people began to know more about this truth the insurance market is gaining popularity. No matter what the insurance is for be it health or for life people now has the tendency to save money to cover them for. In India there is not a policy still at hand that covers you when you have lost your employment (but it may come in the future).
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Recurring Deposit or Jeevan Saral ? Which is the best?

| Filed under News and Views

 

coins Recurring Deposit or Jeevan Saral ? Which is the best?

 

Recurring Deposit or Jeevan Saral ? Which is the best?

You all might have heard about and has an idea of what is meant by recurring deposits schemes, acquiring small amounts of money and investing it for long term and to reap better returns at maturity. So this post would analysis some point which would tell us Recurring Deposit or Jeevan Saral ? Which is the best?
The usual players in the field were banks and post offices, now there is a new entry to this sector… any guess? Its the LIC or the Life Insurance Corporation of India. The LIC has started a special plan called “Jeevan Saral” which is famous now, Its launch was a couple of years back.

Jeevan Saral can be termed as a simple assurance plan where the policy holder choose the amount and also the mode of the premium payment. It also gives the policy holder protection from death which is of 250 times of the monthly premium, that he pays. With the age of the policy holder the terms also changes. The benefit at death includes the total risk cover plus the loyalty bonus if any. There is also promise by the LIC about the returns of premium which excludes the first year premiums and extra rider premiums.

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How to plan your tax and where to invest wisely

| Filed under Economy

 

photocms How to plan your tax and where to invest wisely

 

 

 

 

 

 

 

 

It is the time to make plans for your tax savings. This year the equity market is in better shape than last year so the returns from equity linked savings scheme(ELSS) will be better than last year. If you are not a kind of person who is not exposed to so much of risk do not worry there are other options too. If you are serious with your tax saving plans then we can discuss some of the ways to save it.

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