LIC has launched a new non-linked, participating, endowment insurance plan called – LIC Micro Bachat (Plan no 851) on 18th February, 2019. It is a protection cum savings oriented life insurance plan LIC is aiming at the low income group with Micro Bachat insurance plan, as the maximum Sum Assured offered under this is Rs […]
Pradhan Mantri Shram Yogi Maan-Dhan (PMSYM) – Govt Pension Scheme – Details & Features
Pradhan Mantri Shram Yogi Maan-Dhan (PMSYM) is the new Pension scheme which was announced in the Union Govt’s Interim Budget 2019-20. PMSYM is aimed at Un-organized workers. The Govt has launched this latest Guaranteed Pension Scheme with effective from 15th Feb, 2019. It has been estimated that around 10 crore un-organized workers can be benefited […]
Muthoot 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 out for better fixed income products […]
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 attention is – ‘Zero tax liability or No income tax for Rs 5 Lakhs taxable […]
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 are intangible and represent the monetary value of a physical item. Stocks (Shares) […]
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 salaried individual, a professional or a businessman, you can […]