Pradhan Mantri Suraksha Bima Yojana Pradhan Mantri Jeevan Jyoti Bima Yojana

The Finance Minister in his Budget Speech 2015-16, announced two Social Security Schemes in the Insurance Sector, namely the Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). Major Highlights of Both the Schemes are as Under. Highlights of the Pradhan Mantri Suraksha Bima Yojana (Pmsby – … Continue reading

How to maximize tax benefits on a joint home loan

Generally all of us think that taking a loan to buy a residential property is not a good idea and so, they start saving some amount from their monthly income into recurring investment or a Systematic Investment Plan (SIP) offered by mutual funds. But the financial planners recommend that for … Continue reading

Income tax rates for Financial year 2015-2016

1). Individual resident aged below 60 years (i.e. born on or after 1st April 1955) or any NRI / HUF / AOP / BOI / AJP* Income Tax : Income Slabs Tax Rates i. Where the total income does not exceed Rs. 2,50,000/-. NIL ii. Where the total income exceeds … Continue reading

Highlights of Union Budget for 2015-16

INTRODUCTION: Credibility of Indian economy has been re-established in the last nine months. Indian economy about to take-off on a fast growth trajectory. Most growth forecasts have upgraded Indian economic growth while downgrading global economic growth. Economically empowered States are equal partners to Indian economic growth. Round the clock, round … Continue reading

Five rare benefits of filing regular ‘Income Tax Returns’

What is the benefit of filing income tax return. This is the first question comes in the mind of a person who has to get his return filed. Here are the some benefits which the taxpayer can avail by paying the taxes on the income he earned…………..  1. For job … Continue reading

Seven ways your family can help you save taxes

A family is there for support always not only emotionally, physically but also financially. The member of family can be useful to save taxes. However, the investments and spending done for your family are not eligible for tax rebates. But there are some perfect legal ways by which your family … Continue reading

FM to Relaunch Kisan Vikas Patra; Investment to Double in 100 Months

FM to Relaunch Kisan Vikas Patra (KVP); Available to the Investors in the Denomination of Rs. 1000, 5000, 10,000 and 50,000, with no Upper Ceiling on Investment; Investment made in the KVP will Double in 100 Months . Tomorrow in the presence of Shri Jayant Sinha, Minister for Finance among … Continue reading

Tax trouble: Abhishek Manu Singhvi faces Rs 57 crore fine

After the Rajya Sabha MP failed to furnish documents supporting his claims of expenditure for running his office, the Income Tax Settlement Commission has levied a penalty of nearly Rs 57 crore on Congress spokesman Abhishek Manu Singhvi. The settlement Commission, which a taxpayer can approach once which is a … Continue reading

ATM use over 5 times per month will attract fee now

In a month beyond five times, using ATM’s to withdraw money or for other purposes like balance inquiry will attract a levy of Rs. 20 per transaction. From Saturday the new guidelines that comes into force as per the Reserve Bank’s (RBI), in six metros – Delhi, Bangalore, Hyderabad, Kolkata, Chennai and Mumbai to withdraw … Continue reading