Income Tax Savings Formula 2011

Income Tax Savings Formula,Income Tax Savings Formula for indian business man n our post office account of the NSC and PPF lot of banks are popular. His popularity then save it as is. People on all their income tax through the save. NSC up to Rs 100,000 in tax on investment can be saved. The limit is Rs 70,000 in PPF. It means that the check how much you invest in PPF, during a year income tax exemption on investment of just Rs 70,000 can find.
Navneet Dhawan, according to financial adviser to the NSC Afaydenivesh and compound interest on half of the NSC about 8.16 per cent annual investment return is found. NSC interest rate on investment is fixed at the time of investment. Start investing in NSC can be only Rs 100. According to the applicable interest rate maturity value of Rs 100 to Rs 160 is 6 years later.
How much can invest in this upper limit is not an investment. NSC 100, 500, 1,000, 5,000 and 10,000 rupees denomination certificates are available. At least 6 years to be invested. This feature is one-time investment.
How much discount facility? Income Tax Act, any taxpayer under section 80 C up to Rs 100,000 tax exemption on investment to be able to. NSC also is one of them. Well there is no limit to the NSC in the upper investment. Rs 100,000 to the discount on the investment can be found.
Where to buy it? NSC can be purchased at any post office, where the savings bank facility. Post office directly or through an agent it is invested. The amount you pay to invest cash, Czech, pay order, demand draft or through the old certificate can Mechyoard.
Who could afford it? No adult person can buy your name NSC. 2 adults who can purchase it together. In the name of a minor, his parent or guardian can be taken.
What is the transfer facility? NSC is another feature, it shifted from one post office can be. NSC another man's name can be transferred. It has to seek permission from the Postmaster or Head Postmaster.
PPF account Shuavidhaankara Advisor MK Arora said no man can open PPF account in your name. Hindu undivided families in the name of a minor, his guardian can open the account.
Where open the account? PPF account in State Bank of India or its associate banks can be opened. Also some other banks are authorized for it.
Account of the period, how much? PPF scheme is for 15 years. This consistent investment is 16 years.
Investment rules are? Throughout the year to Rs 70,000 in PPF account can be invested. This amount can be lump sum or in installments.
How much will the interest? PPF 8 per cent return on investment you get. Fifth day until the last day of any month minimum balance on your account in the assessment will be of interest.
How will the withdrawal of funds? PPF account to open the seventh year you can remove 50 per cent once a year. The amount of the financial year immediately before or 4 years ago account in the amount (whichever is less) will be half of.
When does the PPF maturity? PPF account is opened for 15 years. If you do not remove money by then, the whole money is found.
Allows the loan or not the third fiscal year loan from the PPF account can be taken.
Tax exemption is? PPF interest is completely tax free. Further investment in PPF account at the Income Tax Act, tax exemption under section 80 C is available. PPF at an investment of only Rs 70,000 tax exemption is available.