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Personal taxation - Important notes
Personal taxation - Important notes
Tax slabs
-Upto Rs 1 Lakh - Nil
-From Rs 1 Lakh - Rs 1.5 Lakh - 10%
-From Rs 1.5 Lakh - Rs 2.5 Lakh - 20%
-From Rs 2.5 Lakh and above - 30%
Surcharge of 10% for income above Rs 10 Lakh
No surcharge for income below Rs 10 Lakh
2% Cess on total tax
Women tax payers have basic slab at Rs 1.35 Lakhs
Senior citizen tax payers have basic slab at Rs 1.85 Lakhs
No standard deduction
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How to Invest?
Stock market investing has to be done with confidence and deep knowledge
Systematic Investment Plans
How Rs-50000 per year from 1990 - 2005 became Rs-6.30 crores
Options
Is it right, but not the obligation to buy or sell a stock
Do's and Dont's
Use common sense to make some good money from stocks
Personal Taxation
Plan your tax. make wise moves to save tax
Small Cap Stocks
Bombay stock exchange give tremendous investment opportunities with very small market capital
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