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Recent Posts
- ATTENTION ALL LIC POLICY HOLDERS
- LIC India increases bonus
- PNB agrees to pick 30% in MetLife India
- Guaranteed Return Plans
- Income Tax Return Online – Save Time
- Why Fixed Deposits are not good for your child
- Gold ETF turnover nears Rs 500 cr on Akshaya Tritiya
- Health Insurance for Government Employees
- Life insurance premium may come down soon
- Issue of Postal Life Insurance Government of India Special Security
- Insurance Scheme for Teachers
- Fixed Deposit rates may Decline in Coming Weeks
- IRDA limits scope of selling Ulips Over phone by distance insurance marketers
- Tax-saving traps to avoid
- Samvardhan – Pension Scheme for LIC agents
- Samridhi Plus – LIC of India – Samridhi Plus Unit Link Plan
- JEEVAN SAMRIDDHI – Money Back Plan
- Life insurers want tax exemption limit increased
- LIC pays Rs. 1030 crore dividend to Govt for FY10
- Warnings and Penalties – Max Newyork Life Insurance Co
- LIC BIMA Account 1
- LIC of India, IRDA and Tax-free Infrastructure Bonds
- How much tax do infra bonds really save?
- Long term infrastructure bonds – IDFC Infrastructure Bond-Series ll
- Central Government Employees Group Insurance Scheme (CGEGIS): Ministry of Finance
financial advisor for small saving
Tax-saving traps to avoid
Posted on March 4th, 2011 in Tax savings
The period between January and March is the busiest one for life insurance companies. Lakhs of insurance agents aggressively sell unit-linked insurance plans (ULIPs) with a bait of tax saving. Insurance companies come out with new campaigns during this period.
How much tax do infra bonds really save?
Posted on January 24th, 2011 in Tax savings
The IDFC Infrastructure Bonds issue joins five other issues this financial year. A similar issue by Rural Electrification Corporation is already open. By investing in these products, taxpayers can claim a deduction of up to Rs 20,000 under Section 80CCF. This is above the Rs 1 lakh invested under Section 80C. While you save tax, your real returns may not be as high or precise as those being projected by some brokers. So before you rush to invest in the issue, here are a few points to ponder.
Long term infrastructure bonds – IDFC Infrastructure Bond-Series ll
Posted on January 19th, 2011 in News
In 2010, the government introduced a new section 80CCF under the Income Tax Act, 1961 (“Income Tax Act”) to provide for income tax deductions for subscription to long-term infrastructure bonds and pursuant to that the Central Board of Direct Taxes passed Notification No. 48/2010/F.No.149/84/2010-SO(TPL) dated July 9, 2010. These long term infrastructure bonds offer an additional window of tax deduction of investments up to Rs. 20,000 for the financial year 2010-11. This deduction is over and above the Rs 1 lakh deduction available under sections 80C, 80CCC and 80CCD read with section 80CCE of the Income Tax Act. Infrastructure bonds help in intermediating the retail investor’s savings into infrastructure sector directly.
How to file tax online?
Posted on January 11th, 2011 in Tax savings
This is a facility provided to the taxpayers to make income tax payments through internet, using net-banking facility.
Life Insurance V/S Other Savings
Posted on October 25th, 2010 in Life Insurance
Life insurance assures payment of the entire amount assured (along with bonuses, wherever applicable) in case of demise, whereas in other savings schemes, only the amount saved (with interest) is payable.
Life Insurance In India
Posted on July 8th, 2008 in Life Insurance
Indian Insurance providers for Life Insurance, Child education plans, Savings plans, Retirement plans , and Protection plans
Insurance
Posted on July 8th, 2008 in Insurance
Insurance in India has its history dating back till 1818, when Oriental Life Insurance Company was started by Europeans in Kolkata to cater to the needs of European community. Pre-independent era in India saw discrimination among the life of foreigners and Indians with higher premiums being charged for the latter. It was only in the [...]