Dec 31, 2011
TAX SAVING INFRA BONDS
and 
Long Term Infrastructure Bonds are the two issues currently open for subscription.
The Long Term Infra bonds are eligible for deduction under section 80 CCF of the Income Tax Act 1961.
The benefit under section 80 CCF is limited to Rs.20,000/
| COMPANY | REC | IFCI |
| FACE VALUE (Rs.) | 5000 | 5000 |
| INT RATE (%) | 8.95 & 9.15 | 9.09 & 9.16 |
| INT.PAYMENT | ANNUAL & CUMULATIVE | ANNUAL & CUMULATIVE |
| ISSUE DATE | 19.12.11 to 10.02.12 | 30.11.11 to 16.01.12 |
| MODE OF HOLDING | DEMAT & PHYSICAL | DEMAT & PHYSICAL |
Interest rates are for 10yrs and 15yrs respectively
HAPPY INVESTING
Dec 26, 2011
NHAI TAX FREE BONDS
The National Highways Authority of India (NHAI) is an autonomous authority of Government of India under the Ministry of Road Transport and Highways.
NHAI is launching their public issue of TAX FREE BONDS – Tranche I.
The Public issue of TAX-FREE SECURED REDEEMABLE NON-CONVERTIBLE BONDS opens on 28th Dec, 2011.
The Interest on these bonds are FULLY EXEMPT from Income Tax. This means the income will not form part of Taxable Income.
The Bonds Details are:
| FACE VALUE | Rs. 1000/- |
| INTEREST RATE | 8.20% 10 yrs and 8.30% 15 Yrs |
| RATING | CRISIL AAA / CARE AAA / FITCH AAA |
| TENURE | 10 yrs AND 15 yrs |
| LIQUIDITY | LISTING IN BSE & NSE |
| MODE | BOTH PHYSICAL & DEMAT FORM |
| MINIMUM | Rs. 50,000/- |
| TAX TREATMENT | INCOME IS TAX FREE HENCE NO TDS. |
| ISSUE PERIOD | 28th Dec’11 to 11th Jan’ 12 |
HAPPY INVESTING.
Dec 18, 2011
Mutual Fund Select
Recommended Mutual Fund Schemes.
These recommendations are based on past returns.
Past returns does not guarantee any kind of returns in future but these funds returns are consistent.
SENSEX was down and on 16th Dec it closed at 15491 points.
INVEST now.
Fund NAV Date: (Growth Option) 16th Dec’11 and Returns on Percentage
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
HAPPY INVESTING
Dec 17, 2011
THAPASVINI
SUDDHANANDA THAPOVANAM is a trust, striving to provide FIVE Sevas – AMIRTHA (Food), VIDYA (Education), VAIDYA (Health care), GYANA (Spirituality) and PARKRUTI (Nature).
The SUDDHANANDA THAPOVANAM Ashram is situated 12 kms from GUDUR, Andhra Pradesh,India.
There are 14 villages with almost 5500 families around SUDDHANANDA THAPOVANAM.
VISIT SUDDHANANDA THAPOVANAM AND DONATE.
HAPPY LIVING.Dec 1, 2011
Income Tax Rates 2012-13
Income Tax slabs for Assessment Year 2012-13.
| Up to Rs. 1,80,000 | Nil |
| Rs.1,80,001 to Rs. 5,00,000 | 10% |
| Rs. 5,00,001 to Rs. 8,00,000 | 20% |
| Above Rs. 8,00,000 | 30% |
For Women Tax Payers Up to Rs. 1,90,000 Nil. The remaining slabs are same.
For Senior Citizens above 60 years Up to Rs. 2,50,000 Nil. The remaining slabs are same.
For Senior Citizens above 80 years Up to Rs. 5,00,000 Nil. The Remaining slabs are same.
Relevant Financial Year is 2011-12 (1st April 2011 to 31st March 2012).
Senior Citizens should have attained the Age anytime during the Financial Year.
HAPPY EARNING / HAPPY INVESTING / HAPPY SAVING
Subscribe to:
Posts (Atom)