Finance Minister Pranab Mukherjee today announced withdrawal of the proposed 5% service tax on air-conditioned hospitals with more than 25 beds and on diagnostic services. The announcement was greeted with loud thumping […]
LIC’s Samridhi Plus
FMPs or FDs ?
FMPs score over FDs on the taxation front. While FDs are taxed at the tax rate applicable to the individual (which could be as high as 30%), FMPs which are held for […]
Systematic investment plans deliver double market returns
Over the last three years the Sensex actually went nowhere on a point-to-point basis, yet could you have managed a 30 per cent annual return in this period? Yes, simply by investing […]
There is no tax worse than inflation
Tax payers can expect some relief from high inflation in Budget 2011-12, as the government may raise the income tax (I-T) exemption limit for individuals from Rs 1.6 lakh per annum to […]
Cheaper Term Cover ? Think again
You must have read a number of times that it’s best to buy a term-insurance policy early in life to avail of cheaper premium rates. However, cheaper rates should not drive your […]
ELSS Comparison: NAV- 28/1/11
Absolute Returns in % Fund Name 1 Year 3 Year 5 Year Axis Tax Saver Fund (D) 21.28 0.00 0.00 Birla Tax Relief 96(D) 11.80 -7.95 83.98 DSP BR Tax Saver Fund […]
UTI – ULIP
Fresh investment can be considered in the units of UTI Unit Linked Plan 71, a unit-linked insurance plan (ULIP) with a track record of 40 years. UTI ULIP is the only unit […]
