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Tax Saving

Save taxes with IFCI Infrastructure Bonds 2011

IFCI infrastructure bond 2011 IFCI is once again out with infrastructure bonds – IFCI Tax Saving Long Term Infrastructure Bonds–Series III. You can invest in the same upto Rs. 20,000 to save tax. Below are the details of the same.  Rating ‘BWR AA-‘ by Brickwork Ratings India Pvt. Limited CARE‘A+’ by CARE Ratings (Credit Analysis & Research Ltd.) ‘LA’ by […] Continue reading →

National Housing Bank (NHB) Tax Saving Term Deposit Scheme

NHB_tax_ saving_term_deposit National Housing Bank (NHB) is a statutory organization that was established on July 9, 1988. It is the apex level financial institution for the housing sector in the country and a wholly owned subsidiary of the Reserve Bank of India. NHB SUVRIDDHI (Tax Saving) Term Deposit Scheme: It is a tax saving deposit scheme for […] Continue reading →

Personal Income Tax – Common Rules & Regulations in India

Income Tax - Rules and Regulations This post has some common rules and regulations of personal income tax in India. This would help you to further understand the intricacies of taxes. Income Tax Slabs/Rates for Financial Year 2011 – 12 1. Women assesses Upto Rs. 1,90,000 – Nil From Rs. 1,90,001 – Rs. 5,00,000 – 10% From Rs. 5,00,001 – Rs. 8,00,000 – 20% Above Rs. 8,00,000 – 30% […] Continue reading →