Prajna Capital

---

• HDFC Mutual Fund FMP - HDFC FMP 370D February 2012 and HDFC FMP 92D February 2012
• ICICI Prudential Mutual Fund NFO - ICICI Prudential FMP Series 62 417 Days Plan D
• IDBI Bank - Infrastructure Debt Fund
• Income Tax Saving Strategies for Salaried Individuals

HDFC Mutual Fund FMP - HDFC FMP 370D February 2012 and HDFC FMP 92D February 2012 Posted: 09 Feb 2012 11:11 PM PST HDFC Mutual Fund has launched HDFC FMP 370D February 2012 (D) and HDFC FMP 92D February 2012 (D).   The NFO for HDFC FMP 370D February 2012 (D) will be open for subscription from February 14, 2012 to February 15, 2012 and the NFO of HDFC FMP 370D February 2012 (D) will be open between February 14, 2012 and February 21, 2012.     --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

ICICI Prudential Mutual Fund NFO - ICICI Prudential FMP Series 62 417 Days Plan D Posted: 09 Feb 2012 09:27 PM PST ICICI Prudential Mutual Fund has extended the new fund offer period of ICICI Prudential FMP Series 62 417 Days Plan D. Now, the NFO will close on February 13.     --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

IDBI Bank - Infrastructure Debt Fund Posted: 09 Feb 2012 08:48 PM PST   Tax Saving Mutual Funds Online Current open Infra Bond Application form    State-run IDBI Bank will launch the country's first infrastructure debt fund (IDF) to raise $5 billion for building roads, ports and airports. Such debt funds, announced in the budget 2011-12, can be floated through non-banking finance companies (NBFC) or as trusts. They were proposed two years ago by a panel led by HDFC chairman Deepak Parekh, which had suggested an initial corpus of . 50,000 crore. IDBI Bank has sought Reserve Bank of India's approval for an NBFC, which will have a capital base of . 1,000 crore. The bank will hold 30% stake in the NBFC and the rest will be held by some state-run banks and LIC, said a top banker involved in the process. The new entity under the relaxed norms can provide longterm debt of over . 25,000 crore in the infrastructure sector. IDBI Bank CMD RM Malla declined to comment. According to current guidelines, IDFs can raise funds from investors, primarily domestic and offshore insurance and pension funds, trusted sources for long-term finance. The fund established under a trust will be a mutual fund that will issue units and will be regulated by Sebi while a company-based fund will be a non-banking finance company that will issue bonds and will be regulated by the RBI.     --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Income Tax Saving Strategies for Salaried Individuals Posted: 09 Feb 2012 06:59 PM PST Current open Infra Bond Application form   Tax Saving Mutual Funds Online At the end of every financial year, many tax payers frantically make investments to minimize taxes, without adequate knowledge of the various available options. The Income Tax Act offers many more incentives and allowances, apart from the popular 80C, which could reduce tax liability substantially for the salaried individuals. Here are seven smart tips to help you save more and reduce taxes. 1. Salary Restructuring to reduce Tax Restructuring your salary may not always be possible. But if your company permits, or if you are on good terms with your HR department, restructuring a few components could reduce your tax liability. Opt for food coupons instead of lunch allowances, as they are exempt from tax up to Rs 60,000 p.a. Include medical allowance, transport allowance, education allowance, uniform expenses (if any), and telephone expenses as part of salary. Produce bills of actual expenses incurred for these allowances to reduce tax. Opt for the company car instead of using your own car, to reduce high prerequisite taxation. 2. Tax Saving under Section 80C Section 80C offers a maximum deduction of up to Rs. 1, 00,000. Utilize this section to the fullest by investing in any of the available investment options. A few of the options are as follows. Public Provident Fund (PPF) Life Insurance Premium National Savings Certificate (NSC) Equity Linked Savings Scheme (ELSS) 5 year fixed deposits with banks and post office. Tuition fees paid for children's education, up to a maximum of 2 children. 3. Options to save tax beyond 80C If you have exhausted your limit of one lakh under section 80C, here are a few more options. Section 80D – Deduction of Rs. 15,000 for medical insurance of self, spouse and dependent children and Rs. 20,000 for medical insurance of parents above 65 years. Section 80CCF - Deduction of Rs 20,000, in addition to the Rs 1 lakh under 80C, for investments in notified infrastructure bonds. Section 80G - Donations to specified funds or charitable institutions. 4. House Rent Allowance and Tax Are you paying rent, yet not receiving any HRA from your company? The least of the following could be claimed under Section 80GG. 25% of the total income or, Rs 2,000 per month or, Excess of rent paid over 10% of total income This deduction will however not be allowed, if you, your spouse or minor child owns a residential accommodation in the location where you reside or perform office duties. If HRA forms part of your salary, then the minimum of the following three is available as exemption. The actual HRA received from your employer The actual rent paid by you for the house, minus 10% of your salary (this includes basic + dearness allowance, if any) 50% of your basic salary (for a metro) or 40% of your basic salary (for non-metro). 5. Tax Saving from Home Loans Use your home loan efficiently to save more tax. The principal component of your loan, is included under Section 80c, offering a deduction up to Rs. 1, 00,000. The interest portion offers a deduction up to Rs. 1, 50,000 separately under Section 24. 6. Leave Travel Allowance and Tax Use your Leave Travel Allowance for your holidays, which is available twice in a block of four years. In case you have been unable to claim the benefit in a particular 4 year block, you could now carry forward one journey to the succeeding block and claim it in the first calendar year of that block. Thus, you may be eligible for three exemptions in that block. 7. Bonus and Tax A bonus from your employer is fully taxable in the year in which you receive it. However request your employer for the following. If you anticipate tax rates to be reduced or slabs to be modified in the subsequent year, see if you could push the bonus payment to the subsequent year. Produce your tax investment details well before, to prevent your employer from deducting tax on bonus before handing it over. Keep in mind the below points, to avoid the hassles of last minute tax planning. Give your employer details loans and tax saving investments before hand, to prevent any excess deduction. Check the Form 16 received at the end of each year from your employer thoroughly. It is important to start your tax planning well before 31st March, and to file your returns before the 31st of July each year. --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information   Current open Infra Bond Application form     Submit filled up application    Collection canter near you     --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

You are subscribed to email updates from Prajna Capital - An Investment Guide To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610