POSTED BY June 8, 2012 4:38 pm COMMENTS (3)ON
I found this forum is useful to clear many doubts. I understood as this is a good forum.
I too have one query. This is regarding IT benefits on Rajiv Gandhi Equity Savings Scheme.
I understood, anybody who invests Rs 50,000 in equities stands to get income tax deduction on Rs 25000, if annual income is below Rs 10 lakh. Also I understood there is a lock in period of 3 years.
Pl. help me in understanding, Is this 10 lakh is GROSS income or Taxable Gross income?
Also, can you suggest any good fund for investing?