Financial Year 2015-16 : 4 Key Points For Income Tax Investments...!

By Ms. Parizad Sirwalla, KPMG As we progress through the new financial year (FY) 2015-16, many employers have announced revised salaries for their employees. The Finance Bill is also on the cusp of becoming a law with only president's nod awaited. This is an appropriate …

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FY 2015-16; The Income Tax Deduction under Sec. 80D

The deduction under Sec 80D is also available to taxpayers who buy health insurance for their parents. If you include your parents in your family floater plan, the deduction limit goes up to Rs. 50,000 (Rs. 25,000 + Rs. 25,000) in FY 2015-16. If even one of them is a senior …

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Use Income Tax Exemption to Enhance Health Cover..!

By Mukesh Kumar, HDFC Ergo General Insurance Finance minister Mr. Arun Jaitley announced in his Union budget for 2015-16 raised the exemption limits from Rs. 15,000 to Rs. 25,000 for non-senior individuals and from Rs. 20,000 to Rs. 30,000 for senior citizens.

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Budget 2015-'16: Tax-free infra bonds worth Rs 20,000 crore to be introduced

Budget 2015-2016:  Tax-free infrastructure bonds worth Rs 20,000 crore to be introduced Tax-Free Infrastructure bonds are back.  Keeping the focus on the infrastructure development, especially for railways & roads, the finance minister Mr. Arun Jailty announced that the bo…

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Budget 2015-'16: Service Tax Rate Increased from 12.36% to 14%...1

Budget 2015-'16 Highlights: Service Tax Rate Increased from 12.36% to 14%.. Service Tax Rate Increased  was a big blow for common man. The service tax rate was increased to 14% from earlier rate of 12.36%.  That means whichever services you avail, you will be paying the ad…

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Budget 2015-16: Key Changes for Individual Tax Payers..!

Budget 2015-16:  Key Changes for Individual Tax Payers..! · Abolishes wealth tax, additional 2% surcharge on super rich · Health Insurance premium increased from Rs. 15.000 to Rs. 25.000 for age below 60. · Increasing service tax rate and education cess to 14% from current 12.36% · …

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Financial Year 2015-15 : Investment for Income Tax Savings -3 Best Financial Products..!

Financial Year 2015-15:  Investment for Savings (80C Basket up to Rs.1.5 lac) that any one should consider. Employees’ Provident Fund (EPF)..! For a salaried individual, the entry in the world of section 80C investment products begins with EPF. Every month, you and your employ…

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Ten Essential Things To Do In The New Financial Year 2015-16..!

10 Essential Things To Do In The New Financial Year 2015-16..! The start of the new financial year 2015-16  is a good time to review your investments and assess where you stand. It is also a time to reassess your insurance needs and kick off your tax planning. Here are Ten e…

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Abolition of Wealth Tax Act in Budget 2015-16: HNI REALTY INVESTMENT TO GET A BOOST

HNI REAL ESTATE INVESTMENT TO GET A BOOST...! With the proposed abolition of Wealth Tax Act in Budget 2015-16, retail investors, in particular  High net worth individuals ( HNIs), may hike their investment in real estate as the existing restrictions will be removed.  Moreover, …

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Girl Child Investment Plan Sukanya Samriddhi Account Ten Facts..!

Sukanya Samriddhi Account to Earn 9.2% Interest in 2015-16 The Sukanya Samriddhi scheme (SSS) will earn a higher interest rate of 9.2% interest (yearly compounded) in the fiscal year 2015-16 (2015 April to 2016 March). In 2014-15 (FY15), the Sukanya Samriddhi scheme earned…

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