Income Tax Slabs & Rates For Assessment Year 2015-16

INCOME SLABS (INDIVIDUALS BELOW 60 YRS) TAX RATES 1.) Total Income not exceeding `2,50,000/- Nil 2.) Rs 2,50,001 but not exceeding Rs 5,00,000/- 10% of Amount above Rs 2,50,000/-* 3.) Rs 5,00,001-Rs 10,00,000/- Rs 25,000/- Plus 20% of the amount exceeding `5,00,001/- 4.) Above 10,00,001/- Rs 1,25,000/- Plus 30% of the amount exceeding Rs 10,00,001/-** NOTE:  *A Tax Rebate of 10% (Rs 2000/- maximum) is available to Resident Individuals whose earning is in the range of 2,50,001-5,00,000/-. However if the…

Emerging Market Funds

Emerging Market Funds or also known as Global Funds are Mutual Funds that have features similar to Exchange Traded Funds (ETF’s). But Emerging Market Funds means a lot more than that in real terms. These are special type of Mutual Fund scheme which allocate their investments in the Developing Countries. The term “Emerging Market” is given to the countries whose economy is still in the developing stage and there is ample scope to usher the funds for development in these…

Life Insurance: Assurance And Investment

Life Insurance is assurance by the Insurer that upon the demise of the insured person the claim amount as per the contract or agreement will be paid to the nominee of the Insurance holder in exchange of the premium paid by the insurer for the same. The payment of premium can be on the monthly, quarterly, yearly basis depending on the terms agreed upon. There are various types of Insurance policies in the market which not only provide Life cover…

Balanced Funds: An Overview

Balanced Funds are a kind of mutual fund scheme which offer Investors security, returns and moderate capital appreciation. These funds are also known as Hybrid Funds. Here the funds are invested in certain proportion in Equities as well as Bonds. The idea of the fund is protect the investment of the investor and provide decent return at the same time. These are considered as safer investment option as the fund is diversified in fixed return investments as well as equity…

Mutual Funds: An Insight

Mutual Funds
Mutual Funds are not only attractive as an Investment option but are also an efficient tax planning product too. Moreover, Investment in Tax Saving Mutual Funds (ELSS) offers the shortest lock-in period of just 3 years, whereas the other investment products come with minimum lock-in period of 5 years. Individuals prefer investing in Mutual Funds over the traditional investment products which offer mediocre returns along with longer lock-in period. Investment in Mutual Fund Mutual Fund is pooling of funds which…

Portfolio Management

Portfolio Management is professional management of Investments to ensure that optimal use of fund is made in order to achieve accelerated growth of return on the investment. It involves detail analysis of the market scenario and decision making related to different financial products in the market. Portfolio Management may sound very easy to some but in practical scenario it’s not that easy as it has to be done after taking a lot of parameters into consideration. First of all let’s…

Public Provident Fund (PPF)

Public Provident Fund (PPF)
Public Provident Fund (PPF) scheme was introduced in 1968 by the Central Government of India and is one of the tax saving small saving scheme. PPF provides guaranteed returns along with Tax Relief on the Investment. Considered as an ideal investment scheme for risk averse investors as it offers decent returns when compared to other fixed return instruments. It is risk free investment plan and does not get impacted due to market fluctuations as observed in Equity Linked Schemes (Stock…

National Savings Certificate (NSC)

National Saving Certificate (NSC) was started by the Government of India post Independence as fund was required to speed up the developmental work and also with a motive to inculcate the saving habits among the People. It is a Tax Saving as well as Investment option at the hands of the investor. The tenure of Investment in the NSC varies from 5 years and 10 years (Discontinued) at the present. Before 2011 the minimum tenure for investment was 6 years…

Planning Investments: Be Wise Invest Wise

“INVESTMENT”: What does it mean?In simple term it means any action or process of putting your present money or earnings in to any instrument or financial product which would provide good return on fund put in, it can also mean accumulation of assets which have the potential to appreciate in the future thereby enhancing the wealth of the concerned individual. Some though might invest to safe guard against any future shortcomings and also to cover their medical expenses in case…

India And Global Economy

Over the last 5 yearsOver the years we have witnessed a slowdown in the Indian Economy characterized by low GDP, charges of corruption and lack of reforms. The global economy too has not fared well either. The scars of 2008 recession can still be seen in the market coupled with lack of reform measures. Moreover the post 2008 era was marked with controversies and allegations against the Government. We have also witnessed the Rupee hitting the all time low of…