Majority of Indian Investors , especially the senior citizens and retired persons rely on the interest income from the deposit amounts. As per the prevailing income tax provisions , each and every individual has to pay tax on the Interest Income , subject to his / her tax bracket. There is a provision in Indian [...] Continue reading → 
Different Public Sector Undertakings (PSU) are coming up these days with public issues of Tax Free Bonds , in order to raise funds and other similar motives. The best part of such issues is that the interest given by the companies to the investors is completely Tax Free. In a similar kind of issue , [...] Continue reading → 
At the time of the General Budget of Government of India in February 2012 , the then Finance Minister Pranav Mukherjee had declared a new scheme for saving tax by investing in equity schemes. This scheme was named as Rajiv Gandhi Equity Savings Scheme. Under this scheme , any Indian Resident with certain criteria can invest money up to Rs.50000 [...] Continue reading → 
