Contribution by sadique neelgund , Hemant beniwal
Budget highlights for financial planners;
1) Rajiv Ghandi Equity Savings Scheme – Locking period of 3 – Rs. 50000 limit
2) Tax slabs upto 2 L-nil, 2 L to 5 L – 10%, 5 L to 10 L – 20%, 10 L plus – 30%
3) Interest from savings bank account up to Rs 10,000 not to be taxed
4) Upto 5000 tax relief for preventive health checkups
5) Service tax increased from 10% to 12% - Financial Planning fees increases
6)Securities Transaction Tax (STT) reduced from 0.125 per cent to 0.1 per cent.
7)Capital gains tax on residential property exempted if sale proceeds used for SMEs.
8)Maximum Tax saving of Rs. 22,660 for all whose income is 10 lakhs and above
Budget highlights for financial planners;
1) Rajiv Ghandi Equity Savings Scheme – Locking period of 3 – Rs. 50000 limit
2) Tax slabs upto 2 L-nil, 2 L to 5 L – 10%, 5 L to 10 L – 20%, 10 L plus – 30%
3) Interest from savings bank account up to Rs 10,000 not to be taxed
4) Upto 5000 tax relief for preventive health checkups
5) Service tax increased from 10% to 12% - Financial Planning fees increases
6)Securities Transaction Tax (STT) reduced from 0.125 per cent to 0.1 per cent.
7)Capital gains tax on residential property exempted if sale proceeds used for SMEs.
8)Maximum Tax saving of Rs. 22,660 for all whose income is 10 lakhs and above
Tanks for so nice and usefull information sharing.
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