Hi,   I want to know about the NSC accrued interest. I have taken a NSC last year (FY 2009-2010) and what is the accured interest benefit that i get if declared under 80c for this year (FY 2010-2011) ? Also what if I don’t declare it now and wait until the entire maturity period ? Do we get […]

Hi Everybody, Happy pongal! [belated] 🙂 I’m in 30% tax bracket, I’d like to invest more on my wife and kid’s names. I’d like to know the ways to invest to get rid of Clubbing of the income which is generated by that investments. I’ve 2 options as of now: 1. Investing 70,000 [in total […]

Hi Guys, WISH YOU ALL A VERY HAPPY NEW YEAR! Its been long since i visited the forum, but now that i have settled  down, lets start learning again.PLease resolve my query. Regards, Avinash

HOW TO WRITE/DIVIDE THE SALARY PACKAGE OF 18.0 LACS/ANNUM SO AS TO AFFORD THE LEAST OUTFLOW DUE TO TAXES (!)

If i start a SIP on a ELSS fund with Dividend Re-investment option. Will my Redemption date extended to another 3-year Lockin period from the Dividend Declared Date? For Example if i invest 10k today in ELSS Dividend Re-Investment Option and after 2.5 years the fund anounces a Dividend which will be re-invested in my […]

Dear Sir, I booked a flat for around 19 lakhs, in last year April (2010). I had applied and got home loan sanctioned from SBI. I chose to start the EMIs right away. The EMIs(full EMI, not pre-EMI) started in June 2010. Till now I have paid around 8 full EMIs. Total of around Rs […]

What is the attire allowance? What is the benefits for that? How to use for Tax Saving?

Hi Members I want to know that which investment are eligible under income tax. I know only that, the given below are deducted in Income Tax. Rs 1,00,000 Lakhs (NSC, PPF, LIC, TD, Etc) Rs 15,000 Mediclaim (Rs 20,000 for SC) , Rs 20,000 Infrastructure bonds. Please suggest me is there anything more investment from which […]

Can we buy a house with our sibling (brother or sister) as a co-owner? If we can buy, then can we get home loan for the same and share the home loan principle and interest for the income tax exemption? If yes, please let me know how this can be shared, how should we submit […]

Dear All Members I know that, Any individual or HUF can invest in LIC’s Infrastructure Bonds Between Rs.5000 – Rs.20,000/- This will be over the Rs.1 lakh deduction allowed under Section 80C, But dont know from where to buy it. Please tell me How to purchase Infrastructure Bonds & from Where ? Mukesh