Individuals' Tax Burden Good or Bad: Budget 2012-13 Analysis

Is Budget 2012-13 a Blessing or Curse for Individual Tax Payers? As informed in earlier post of Personal Income Tax Slab:Budget 2012-13, Personal Income tax exemption limit raised to Rs 2,00,000 from Rs 1,80,000 by just Rs 20,000; 10 % tax rate for Rs 2 - 5 Lakhs income bracket; 20 % tax rate for Rs 5 - 10 Lakhs income bracket and 30 % tax rate for income above Rs 10 Lakhs; There seems to be a small benefit on tax burden based on the...

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Mastering thirty day rule: Saving Sundays

Whenever you're considering something which is needless to buy, delay for a Calendar month (30 days) and then ask yourself if you still want that product. Quite often, you'll be astonished to discover that the desire to buy has been passed away and you'll have saved yourself some cash by basically waiting & withdrawing from buying. But to the...

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Personal Income Tax Slab:Budget 2012-13

Income Tax Burden has to come down a bit but not much as Personal income tax exemption limit raised from Rs 1,80,000 to Rs 2,00,000 by just Rs 20,000 only; 10 per cent tax slab will be applied for 2 lakhs-Rs 5 lakhs income bracket; 20 per cent tax slab applied for Rs 5 lakhs-Rs 10 lakhs income bracket and 30 per cent tax slab will be applied for income beyond Rs 10,00,000; To have a clear idea & understanding, The Income Tax slabs announced...

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Highlights of Budget 2012-13: Key Proposals

Finance Minister Mr. Pranab Mukherjee presented his seventh Union Budget for the year 2012-13 on Friday, 16 March 2012 11:00 Am. While commencing his speech, Mr Pranab Mukherjee, FM said that for the Indian economy, this financial year of 2012 was "a year of recovery interrupted" which means that it was time to make tough decisions. So what has Finance Minister proposed in this Indian Union Budget 2012-13. In Continuation to the post of What's...

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What's gone up and down :Union Budget 2012-13

Ups and Downs of Union Budget 2012-13 Here is the bullet point list where you can find out what's gone up due to tax rate hike and what's gone down due to tax rate reduction after the Union Budget presentation for 2012-13 by Finance Minister Pranab Mukherjee on Friday, 16 March 2012 11:00 Am. . . WHAT’S GOING UP       #      Consumer Electronics...

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What is Retirement Planning?

"Planning & Taking care of your peaceful long retirement period" Retirement Planning Ahead in your Financial Planning Retirement Plan is an arrangement to protect people with adequate income to have a enjoyable retirement life when the steady income from your employment comes to end; Retirement Planning is the process of determining retirement income goals...

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What is Estate Planning?

Estate Planning subramoneyplanning.blogspot.com                                                                          "To...

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Liquid Funds Disqualified by Savings Bank Interest Rate Deregulation:Saving Sundays

Effect of Savings Bank Interest Rate Deregulation over Liquid Funds Recent RBI's decision of Savings Bank Interest Rate Deregulation may affect money flow and growth of Liquid Funds. Earlier for retail investors, liquid funds were trusted as suitable and superior to savings bank accounts for parking their surplus cash. But now with the Reserve Bank of India (RBI)’s decision to deregularize the savings bank account interest rate, liquid...

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What is Insurance Planning?

Let us see what is Insurance Planning in Layman meaning: # Insurance Planning, in simple terms, is nothing but managing the risk by planning to deal with contingencies and unforeseen events to help out our family's future. # Proper Insurance Planning can help you to compare and evaluate various options with regard to different insurance companies & insurance products for...

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Tax Planning Definition

“TAX PLANNING IS NOT TAX EVASION” Tax Planning involves selecting the right tax saving instruments and making investments accordingly. Tax Planning leads to making investments or contributions in line with prescribed guidelines of available tax exemptions, deductions, rebates and allowances that lead to a reduction in tax liability.  Prudent Tax Planning is judiciously using provisions of the...

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RBI De-regularizing: Savings Bank Interest Rate will increase now

Savings Bank Interest Rate Deregulated by RBI Previously on May 03,2011, Savings Bank Interest Rate was increased of 0.5 % point from 3.5 per cent to 4.0 per cent per annum; But now vide its Notification No.RBI/2011-12/233, DBOD.dir.BC.No.42/13.03.00/2011-12 dtd. October 25, 2011, the RBI has ended the era of controlled interest rate regime by deregulating the savings bank deposit interest rate with effect from October 25, 2011. Banks are...

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CRR and its Effects on Money Supply…

In Continuation to CRR Reduction by RBI in the previous post, now it’s time to understand CRR and its Effects on money supply… CRR Explained # Cash reserve Ratio (CRR) is the amount of Cash (liquid cash like gold) that the banks have to keep with RBI. This Ratio is basically to secure solvency of the bank and to drain out the excessive money from the banks; # Cash Reserve Ratio (CRR) is a bank regulation that sets the minimum reserves each...

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