Friday, March 30, 2012

'SIP ki Kahani' an animation video explaining the power of SIP by Kotak AMC

This is an interesting animation movie made by Kotak AMC explaining the power of SIP using filmy style.

http://eksipkikahani.com/movie/

Friday, March 16, 2012

Income Tax limits for Individuals for AY 2012 -2013



Proposed Income Tax slab for Individual Tax payer for AY 2012-2013.
  1. upto 2,00,000 - Nil
  2. above 2,00,000 till 5,00,000   - 10%
  3. above 5,00,000 till 10,00,000 - 20%
  4. above 10,00,000                    - 30%
Rajiv Gandhi Equity Investment scheme encourages tax payer to invest upto Rs 50,000 directly in equity will fetch a tax exemption of around 50% of the Investment.

Savings Bank account Interest Income upto Rs 10,000 is exempted.