The interest rates on Bank fixed deposits may have touched the lowest levels (showing signs of an up-tick now) and the interest rates on popular small savings schemes are not very attractive either. Also, Tax Free Bond Issues are not available now. This is inducing many small investors to look .......Continue Reading.....
Section 87A Tax Rebate FY 2019-20 | How to check if you are eligible for the Tax Rebate?
Interim-Budget 2019-20 & the Finance Bill 2019 have been tabled in Parliament. The Income Tax Slab rates have been kept unchanged by the Finance Minister for the Financial Year 2019-20 (Assessment Year 2020-2021).One of the Budget Tax proposals that has drawn everybody's .......Continue Reading.....
Mutual Funds Taxation Rules FY 2019-20 (AY 2020-21) | Capital Gains Tax Rates Chart
Capital asset typically refers to anything that you own for personal or investment purposes. It includes all kinds of property; movable or immovable, tangible or intangible, fixed or circulating.Capital assets are further classified as Financial Assets and Non-Financial Assets. Financial assets .......Continue Reading.....
Income Tax Deductions List FY 2019-20 | List of important Income Tax Exemptions for AY 2020-21
Interim-Budget 2019-20 & the Finance Bill 2019 have been tabled in Parliament. The Income Tax Slab rates have been kept unchanged by the Finance Minister for the Financial Year 2019-20 (Assessment Year 2020-2021).Tax planning is an important part of a financial plan. Whether you are a .......Continue Reading.....
Indiabulls Consumer Finance NCD Feb 2019 Public Issue : Details & Review
The interest rates on Bank fixed deposits may have touched the lowest levels (showing signs of an up-tick now) and the interest rates on popular small savings schemes are not very attractive either. Also, Tax Free Bond Issues are not available now. This is inducing many small investors to look .......Continue Reading.....
Income Tax Slab Rates for FY 2019-20 / AY 2020-21 | Budget 2019-20 Key Highlights
The Indian Finance Minister has tabled today, the Union General Budget 2019-20 in the Parliament. Below are the latest Income Tax Slab Rates for FY 2019-20 or AY 2020-21. (FY is Financial Year and AY is Assessment Year)Latest Income Tax Slab Rates FY 2019-20The .......Continue Reading.....
What is Indexation of Mutual Funds and why is it important for you?
Your investment in long term debt funds should reap you good returns on maturity, right? But what if these returns come under the axe of tax? How do you stop that from happening?The simple answer to that is Indexation.Indexation is a financially prudent measure to reduce your tax .......Continue Reading.....
List of all Popular Investment Options in India – Features & Snapshot
India has one of the highest 'net savings rates' in the world (the national saving rate is about 20 per cent of GDP). However, the net savings rate as a % of GDP has been steadily declining since 2011-12.The other day, I was going through the IRDA's annual report and noticed .......Continue Reading.....
About ReLakhs
ReLakhs.com is a blog on personal finances. The main aim is to present the information on financial products in a simple,unbiased and easy to understand manner .This blog covers wide array of personal finance topics like insurance,home loans,banking services,mutual funds,tax planning,stock .......Continue Reading.....