The union budget is expected to be very consumer friendly, economists say its quite unexpected, the news of reiterated income tax slabs.There is a drastic difference with the previous slabs.Check Old tax slabs.Experts and govt says it need more money with the consumer.While presenting the budget to the house, finance minister said India had dodged the financial crisis successfully and revision of the income tax plans will surely help a major percentage of the tax payers. The government would allow a deduction of up to Rs 20,000 for investments in …

Securties Market is a place where buyers and sellers can do transactions of there securities. So what is meant by securities?? The Securities Regulation act of 1956 defines securities as “instruments such as bonds, shares, debentures or any other marketable money of any corporate or govt. bodies which are declared as securities by central govt“. This is like transfer of idle resources in hands of common people(investors) to corporates who are in need of money.Which will act as an investment and a working capital for different parties.A more formal definition …

ELSS-Equity Linked Savings Scheme
                      Tax is a word of hatred for most people, but it is a word that shows our respect to country.So the country or system also shows us some respect.Eventhough the 2 above statements invite some debate, the fact is certain saving schemes help us save our hard earned money. When a newly employeed person thinks about investment, there are two things that comes upfront, should i go for a tax saving deposit or an investment maximising deposit. If you answers yourself as tax savings then you …

                               A proper understanding of section 80C of Income tax act will help you save much of your hard earned money.Before that a few sentences on income tax.Income we earn is subject to a tax. Govt levies a certain amount of money as income tax depending upon your income.This falls in different categories like male/female, senior citizens, salary slab etc. Income tax can be defined as all sources of income other than agricultural income which Central Government collects levies and shares it with the states. According to the Income Tax …

An Overview on Mutual Funds
                    MFs are funds operated by investment companies.They raises money from the public and invests in a group of assets like shares, debentures, bonds, govt. securities etc with certain objectives. MF’s is a substitute for those who are unable to invest directly in equities or debt instruments because of time or knowledge constraints. Mutual fund units are issued and redeemed by a Fund Management Company which is registered with SEBI (Securities Exchange Board of India). Mutual Funds are usually long term investment scheme but there some …