Personal Finance Blog- India V 2.0

April - It's time to plan for your taxes

For the salaried class, this is the right time to start planning our taxes for financial year 2010-11

1. Plan your investments under 80c and for infrastructure bonds.

2. Decide on the declarations that you need to make to your employers and do that diligently.

3. Start making investments on a systematic basis and do not wait for Jan-Mar 2011 period.

http://ideasmoney.blogspot.com/2007/12/advantage-of-planning-for-tax.html

Highest NAV guarantee

Highest NAV guarantee is the new ad banner under which ULIP policies are being sold these days.

The following article is a must read before you decide to invest in such schemes.

http://new.valueresearchonline.com/story/h2_storyview.asp?str=101309

Make a sound investment decision based on your knowledge of the product and not based on advertisement alone.

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!