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Income tax

16 Personal Finance Changes in Budget 2013

Union Budget 2013 Every budget changes lots of things in the personal finance space. Here is a list of 16 things that has changed for you. 1. Income Tax Slabs for FY 2013-14 The income tax slabs have largely remained unchanged for individuals. There are two major changes. People with income less than Rs. 5 Lakhs have to […] Continue reading →

Tax Treatment of Various Financial Instruments

Tax Treatment for Various Financial Assets Taxation on your investment is as important as the return on Investment. All financial instruments go through three stages Investment Earning Withdrawal The tax rules vary across the above three phases. This post would tell you how different financial Instruments are taxed in these three phases and what would be its impact on you. Based on […] Continue reading →