Budget 2010 India - Changes that would benefit individual tax payers

Following are the changes that would benefit the salaried class/ individual tax payers.


Direct Taxes


Income tax slabs for individual taxpayers to be as follows
Income upto Rs 1.6 lakh Nil
Income above Rs 1.6 lakh and upto Rs. 5 lakh 10 per cent
Income above Rs.5 lakh and upto Rs. 8 lakh 20 per cent
Income above Rs. 8 lakh 30 per cent


Deduction of an additional amount of Rs. 20,000 allowed, over and above the existing limit of Rs.1 lakh on tax savings, for investment in long-term infrastructure bonds as notified by the Central Government


Besides contributions to health insurance schemes which is currently allowed as a deduction under the Income-tax Act, contributions to the Central Government Health Scheme also allowed as a deduction under the same provision

Spark Lines on NSE website

Just got a glimpse of sparklines in the NSE website.

http://nseindia.com/content/equities/niftysparks.htm

This page would help investors/traders to have a quick glimpse of the index stocks and this is available for most of the key NIFTY indices (like Junior Nifty, CNX IT, Bank Nifty, Nifty Midcap 50).

Crisp graphical representation of price movement, details of price changes and color coding of stocks nearing 52 week high /low & much more are presented in a crisp and adorable manner.

You can have a look at it when free.! I find this new page exciting!

ideasmoney featured on FEMINA india Feb 10 2010 issue


ideasmoney.blogspot.com has been featured in Feb 10 India edition of femina under " Money Resolutions 2010" -> Blog my money.

Google
Web ideasmoney.blogspot.com

Simple Indian Food - Feel @home ( Best veg food blog )

" A Ship is safe when it is in Harbour, but the ship was not built for that"

Disclaimer

These are just opinions/ ideas exchanged. No one can claim us responsible for any investment failures /losses based on the ideas expressed here.

Feel free to mail your queries/ comments to ideas.money@gmail.com