Mindblown: a blog about philosophy.
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Income Tax Form for Assessment Year 2015-2016
Income tax forms for Assessment year 2015-2016 is released by income tax department. For Assessment year 2015-2016, every person (not being a co.) to e-file (Electronic Income tax Return) the income tax return if its total income exceeds Rs. 5,00,000. While filing the return care should be taken to ensure that you select correct Income tax forms. Please use […]
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Income tax calculator for Financial year 2015-2016
Income tax calculator for Financial year 2015-2016 Please feel free to use Income tax Calculator. For convenience of Tax Payers we have made this in excel. This completely downloadable and you are free to share with your friends and relatives. Download Income Tax Calculator for Year 2015-2016 : [sociallocker] Download excel based Income tax Calculator for […]
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No change in rate of Service Tax from 1 April 2015
Clarification- No change in rate of Service Tax Finance bill, 2015 has proposed to increase effective rate of Service Tax from 12.36% to 14%. It is wrongly reported in some quarters that the effective date of change in rate of Service Tax is 1st April, 2015. It is hereby clarified that the change in the […]
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New Service Tax Rate Applicability
The effective service tax rate, if and when the Swacch Bharat Cess is introduced, will not exceed 14.28%. This should be good news for those who feared that the service tax rates could go up to 16% after the cess is imposed. The cess may be imposed sometime after June, it is widely felt. Experts […]
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NPS is the best retirement option compared to EPF & PPF
NPS is the best retirement option: One of the cheapest pension products: – NPS charges just 0.25% as fund management fee making it one of the cheapest pension products in the world. Mutual funds can charge up to 2.25% and life insurers can charge up to 1.35%. Choice of fund managers: – Private sector NPS […]
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File tax returns before 31st march 2015
Why need to file tax returns before 31st march 2015? If you are yet to file income-tax return for the previous financial year 2013-2014 (assessment year 2014-15), you still have a chance to do so by March 31. The return for income earned in the financial year ending on 31 March should ideally be filed […]
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LIC Jeevan Lakshya
LIC Jeevan Lakshya is a participating non-linked plan which offers a combination of protection and savings. This plan provides for Annual Income benefit that may help to fulfill the needs of the family, primarily for the benefit of children, in case of unfortunate death of Policyholder any time before maturity and a lump sum amount […]
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RBI ask banks to follow Rules – Sukanya Samriddhi Account
The Chairman and Managing Director/Managing Director Head Office, Government Accounts Department State Bank of India/State Bank of Patiala/ State Bank of Bikaner & Jaipur/State Bank of Travancore/ State Bank of Hyderabad/State Bank of Mysore/Andhra Bank/ Allahabad Bank/Bank of Baroda/Bank of India/Punjab & Sind Bank/ Bank of Maharashtra/Canara Bank/Central Bank of India/ Corporation Bank/ Dena Bank/Indian […]
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Budget Speech 2015 by Arun Jaitley Finance Minister
February 28, 2015 Madam Speaker, I rise to present the Budget of the Union for the year 2015-16. 2. I present this Budget in an economic environment which is far more positive than in the recent past. When other economies are facing serious challenges, India is about to take-off on a […]
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Income Tax Rates for current year 2015-2016 (Assessment year 2016-2017)
Income Tax Rates for Assessment year 2016-2017: Income Tax Rates/Slab for Assessment Year 2016-17 Rates/ %age Up to 2,50,000 Up to 2,50,000 (for women) Up to 3,00,000 (for resident individual of 60 years till 80 years) Nil 250,001 – 5,00,000Up to 500,000 (for resident individual of 80 years and above, Tax is nil) 10%Nil 5,00,001 […]
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