Category Archives: Income Tax

Find taxable rental income for income tax purpose

Posted on February 2, 2012 by Jerry Jose

The right calculation of income from house property is necessary for finding out your income tax liability. learn how to calculate your taxable rental income. Continue reading →

List of tax saving mutual funds (ELSS) & Fund houses

Posted on January 29, 2012 by Jerry Jose

List of equity related tax saving mutual funds (ELSS) from various mutual fund houses is follows. Choose few mutual funds and analyse them to invest. Continue reading →

Posted in Income Tax, Investment, Mutual Fund, Personal Finance | Tagged best elss, ELSS, elss fund, elss funds, elss india, elss tax saver, equity linked tax plan, mutual fund elss, mutual funds elss, tax plans, tax saving fund, tax saving funds, Tax Saving Mutual Fund, tax saving mutual funds, tax saving us 80 C | 1 Comment

Income tax Verification on high value transactions

Posted on January 19, 2012 by Jerry Jose

Income tax department verifying high value transactions from those who are not assessed for income tax or who have not furnished their PAN. Continue reading →

Posted in Income Tax, Personal Finance | Tagged AIR, Annual Information Return, drive for high value verification, high value transaction, high value transaction verification, high value verification incometax, Income tax high value, ITR forms without AIR, no high value declaration | Leave a comment

Submit tax saving investment proof to avoid over TDS

Posted on January 16, 2012 by Jerry Jose

An employee must submit his or her tax saving investment proof to the employer in time for the proper calculation and deduction of income tax (TDS) Continue reading →

Posted in Income Tax, Investment, Personal Finance | Tagged avoid over TDS, income tax savings, Proof of investment, proof of tax saving, Save Tax, saving calculator, saving proof, saving schemes, Tax Exemption, tax saving India, Tax saving investment, tax saving proof, tax saving scheme, Tax Saving SChemes | Leave a comment

New REC infrastructure bond offer 8.95% & 9.15%

Posted on December 22, 2011 by Jerry Jose

REC issues new Infrastructure bond suitable for Income Tax Exemption under section 80CCF with 8.95% & 9.15% annual interest for 10 & 15 years maturity . Continue reading →

Posted in Income Tax, Investment, Investment News, Personal Finance | Tagged Annual interest option, infra bond, Infrastructure Bond, New issue infra bond, REC Infra Bond, REC infrastructure bond, Section 80CCF, section 80CCF bond, tax saving infra bond | Leave a comment

L&T infrastructure bond, face value 1000, interest 9%

Posted on December 17, 2011 by Jerry Jose

New L&T infrastructure bond issued with a face value of Rs. 1000 for each bond and with 9% interest in annual interest payment & compound interest option Continue reading →

Posted in Income Tax, Investment, Personal Finance | Tagged 9% infra bond, deduction tax, Infrastructure Bond, L&T Infra, L&T Infrastructure Bond, L&T Tax saving bond, RS. 20000 exemption, section 80CCF bond, Tax Exemption, tax saving infra bond | 3 Comments

New IFCI Infrastructure bond with 9.09% & 9.16%

Posted on December 12, 2011 by Jerry Jose

IFCI issued new infrastructure bond with 9.09 % & 9.16 percent interest. 4th series of this IFCI bond offers income tax exemption under section 80 CCF Continue reading →

Posted in Income Tax, Investment, Personal Finance | Tagged additional tax exemption, IFCI Bonds, ifci infra bond, ifci infrastructure bonds, infrastructure bonds, infrastructure bonds 2011, infrastructure bonds india, RS. 20000 exemption, section 80 CCF, tax saving infra bonds | 5 Comments

New IDFC Infrastructure Bond with 9% interest

Posted on November 17, 2011 by Jerry Jose

IDFC issues new Infrastructure bond suitable for Income Tax Exemption under section 80CCF with 9% annual interest and 10 years maturity period. Continue reading →

Posted in Income Tax, Investment, Investment News, Personal Finance, Small Savings | Tagged 9% infra bond, Annual interest option, idfc infra bond, IDFC infrastructure bond, Infrastructure Bond, New issue infra bond, Section 80CCF, section 80CCF bond, tax saving infra bond | 3 Comments

EPF,PPF & Tax Saving Fixed Deposits under 80C

Posted on October 27, 2011 by Jerry Jose

Under Section 80C of Income Tax Act you can save tax for an income up to Rs. 100,000 for an investment in certain investment options.PPF,EPF & Tax Saving Fixed deposits Continue reading →

Posted in Income Tax, Investment, Personal Finance, Small Savings | Tagged best tax saving, EPF, epf balance, epf intrerest, epf online, EPFO, online epf, online ppf, online ppf account, ppf account sbi, ppf calculator, ppf form, ppf in sbi, ppf interest, ppf interest rate, ppf rate, ppf sbi, Sec 80C, Tax Saving, tax saving Fixed deposit, Tax saving investment, wpd, wpf | Leave a comment