TAX DEDUCTION | Fixed Deposit, Mutual Funds, Insurance, Personal Finance, Loans, Income Tax

Tax Benefit on Education Loan (Sec 80E)

With rising cost of professional courses and increasing acceptance of loans, Education loan has become quite popular among students and their parents. Other than giving an opportunity for better education, it also gives you tax deduction under sec 80E of Indian Income Tax Act once you start earning. This post covers all the questions you [...]

Personal Finance: Changes from April 2012

With start of new financial year 2012-13, a lot would change from today in personal finance space. Here is the list. Good News: Increased Interest on Small Savings Scheme like PPF, NSC, etc: The government has increased interest rates on post office deposits like PPF, NSC, Fixed Deposit, Recurring Deposit, and Senior citizen Scheme in [...]

Rajiv Gandhi Equity Savings Scheme (RGESS): Invest in Top 100 Stocks

The proposed Rajiv Gandhi Equity Savings Scheme (RGESS) is expected to come with safeguards that will permit small investors to purchase shares only in the top 100 stocks traded on BSE and NSE. An exception is, however, expected to be made for public sector companies with the government likely to relax the rule to allow trading [...]

Rajiv Gandhi Equity Saving Scheme - RGESS

Rajiv Gandhi Equity Savings Scheme

In an attempt to encourage participation of retail investors in the capital markets, the government has proposed a tax exemption scheme for equity markets targeted at new investors. Get the latest details of RGESS here Called the Rajiv Gandhi Equity Saving Scheme (RGESS), those investors whose annual income is less than Rs. 10 lakh can [...]