In the context of upcoming General Elections, Budget 2018-19 laid a strong focus on the agricultural, Infrastructure, healthcare and education sectors in the country. Some of The Key Highlights of the budget are as follows: Taxation: 1) No change in the structure of the income tax rate for individuals, HUF, Firms and Companies. 2) For AY…
80 C : Max limit : 150000/- MF-ELSS, Pension Plans, Life Insurance, PF, PPF etc 80CCD : 50000/- NPS 80CCG : 25000/- or 50% of your investment which ever is less 80D : 25000/- Mediclaim Policy for self spouse, children 80D : 30000/- for dependent parents u/s-80D. Medical reimbursement :- 15000/- US 17(2) 80DDB : Medical expense occurred…
As on December 31, 2014 Reliance Tax Saver Fund stood at number one position under the equity tax planning category. Its Net Assets stood at Rs. 3618.07 crore. For a time period of one year the fund has given a substantial 86.49%, while for a time period of three years the fund has given a…
Please find herewith Income-tax Rates in India for Resident Individuals / HUF, Domestic Corporates and NRIs on Investments in Equity Mutual Fund Schemes for the FY 2014-15. Budget 2014 saw two changes in the tax applicable to mutual fund investments in non-equity schemes. One is regarding Dividend Distribution Tax (DDT) and the second is regarding…
We are receiving queries regarding New Form 15G/15H, its benefits and procedure of filling & submission of Forms. Here we are sharing the complete details Form 15G/15H are Self-Declaration Forms required for Non-Deduction/Lower Deduction of TDS on Interest in Fixed Deposits. Form 15G: This is the form which is filled by any individual below the…
The government is considering more than doubling the investment limit in infrastructure bonds eligible for tax rebates as part of a strategy to provide a funding boost to a vital sector while having a beneficial effect across the economy. The finance ministry’s department of economic affairs, as part of its suggestions for the 2012-13 budget,…
