Announces inflation-indexed bonds and modified RGESS.
The drop in the financial savings rate, for instance, has been addressed through an increase in the eligible income limit for the Rajiv Gandhi Equity Savings Scheme.
But increase in surcharge for DDT to impact debt funds.
FM hiked the limit for investors to invest in RGESS to Rs 12 lakh from Rs 10 lakh.
the limit for investors wanting to invest in RGESS has been raised to Rs 12 lakh from Rs 10 lakh earlier.
The regulators have proposed changes in the norms for inclusion of mutual funds in the scheme.
The scheme encourages retail investors to participate in capital markets.
Should taxpayers invest in Rajiv Gandhi Equity Saving Scheme to save tax? How much tax will they actually save? And what are the pros and cons you should check out before going for this scheme? Salil Dhawan offers his take.
In order to increase retail participation in the capital market, Finance Minister Pranab Mukherjee on proposed a tax exemption scheme for new investors.
The regulator has sought an increase in the investment limit for tax-saving equity mutual fund schemes to Rs 200,000 from the current Rs 150,000.
Encouraging domestic financial savings through focused measures would help mobilise long term resources for funding infrastructure and economic development.
A key demand is to reduce the dividend distribution tax on listed firms.
It will take over large non-performing assets of banks and help in revive companies ridden with bad debts.
Did you know that you can get a tax benefit of up to Rs 50,000 under a health insurance policy?
To participate in an OFS, investors will have to open a trading A/C
A tax plan is not only to save taxes, it should also assist you in achieving your other financial goals such as buying a home, a car, children's education, retirement to name a few. Here are some top ways in which you could plan for your tax savings
All these measures will revitalise the manufacturing sector, which has been in doldrums.
The Union government is keen to ensure financial security for unorganised sector workers
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