As we have finished the FY 2014-15 and started a new FY 2015-16, FM Arun Jaitley has declared the new interest rates for post office small savings schemes. Recently we have noticed private sector banks like ICICI, Axis, HDFC banks reduced fixed deposit interest rate for FY 2015-16. At the … Continue reading →
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 →
Change in Income Tax Slab Increase in the threshold limit from Rs. 2.50 lakh to Rs. 3 lakh for senior citizens and from Rs. 2 lakh to Rs. 2.50 lakh for others. Investment Under Section 80C increased to 1.5 lakhs Increase in the limit towards deduction under section 80C from … Continue reading →
Direct Taxes (Income TAX), Tax Saving Plans & Insurance Sector •Relief to individual tax payers •No change in tax rate •Personal Income Tax Rebate Increased to Rs. 2.5 Lakhs for all tax payers under age of 60 •Personal Income Tax Rebate Increased to Rs. 3.0 Lakhs for Senior Citizens •Investment … Continue reading →
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