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Indian Stock Market News and Views.

National Savings Certificate

| Filed under Economy

National Savings Certificate

National savings certificate is a special scheme designed to target the Government employees, Businessmen and other employees drawing a fixed monthly salary. National savings certificate can be bought by any individual or by two or more people jointly, or even by an adult of behalf of a minor.  National savings certificate can be bought from authorized post offices or the Head post offices by applying for the same in a form prescribed for the purpose. This application can be submitted either in person or through an authorized agent. There is no maximum limited set for the purchase of National savings certificate.

National Savings Certificate 300x155 National Savings Certificate

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DDA Housing Scheme

| Filed under Economy

Everyone has a dream to own a house. And what better time to realize this dream than trying your luck when the government announces its housing scheme every year.  Not only the houses offered are good, the rates too are affordable. This year the Delhi Development Authority (DDA) or DDA housing scheme has been announced. At stake for this year are 16,000 flats in the various parts of the city. This year’s DDA housing scheme is touted to be the biggest to have launched in the recent past.

dda housing scheme 2010 300x210 DDA Housing Scheme


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A guide to the Direct Tax Code Bill – Part 2

| Filed under Economy

In this part two of how the new provisions in the Direct Tax Code (DTC) which will take effect from April 1, 2012 will impact your investments, savings and taxes, we will continue to see which investments you can continue to claim deductions and investments where deductions have been done away with.

03taxa1 300x229 A guide to the Direct Tax Code Bill   Part 2 (more…)

A guide to the Direct Tax Code Bill- Part 1

| Filed under Economy

The Direct Tax Code (DTC) is here and will take effect from April 1, 2012. The DTC brings with it a host of new changes to the tax code and it is time you get to know how it could impact your investments, savings and taxes. In this first part of the series we will see the basic changes to the tax slabs and changes to the deductions.

tax code 300x210 A guide to the Direct Tax Code Bill  Part 1

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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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New Income Tax Rates and Slabs

| Filed under Economy

Following are the new tax rates and slabs:
Men below 65 years of age
Up to Rs 1,60,000
NIL
Rs 1,60,001 to Rs 3,00,000
10% of the amount by which total income exceeds Rs 1,60,000
Rs 3,00,001 to Rs 5,00,000
Rs 14,000 plus 20% of the amount by which total income exceeds Rs 3,00,000
Rs 5,00,000 and above
Rs 54,000 plus 30% of the amount by which total income exceeds Rs 5,00,000
Women
Up to Rs 1,90,000
NIL
Rs 1,90,001 to Rs 3,00,000
10 per cent
Rs 3,00,001 to Rs 5,00,000
20 per cent
Rs 5,00,000 and above
30 per cent
Senior Citizens
Up to Rs 2,40,000
NIL
Rs 2,40,001 to Rs 3,00,000
10 per cent
Rs 3,00,001 to Rs 5,00,000
20 per cent
Rs 5,00,000 and above
30 per cent

Source : Economic Times

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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