SEO Simplified By Gabs Gaurs &amp; Geets

Slab 1

Upto Rs 1.6 Lacs Tax Rate NIL for Men;

Upto Rs 1.9 Lacs Tax Rate NIL for Women;

Upto Rs 2.4 Lacs Tax Rate NIL for Senior Citizen;

Slab 2
Rs 1.6 Lacs to Rs 5 Lacs Tax Rate 10%

Slab 3
Rs 5 Lacs to Rs 8 Lacs Tax Rate 20%

Slab 4
Rs 8 Lacs onwards Tax Rate 30%

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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

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

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

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Application form for Tax Saving Infrastructure Bond and more information

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How to apply to REC Bonds?

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Dynamic Bond Funds

Posted: 05 Mar 2012 04:33 AM PST

Investors in debt funds are in a bind. While there are indications that Reserve Bank of India is likely to cut indicative rates, there is uncertainty on when it will happen and by how much.

The existing rates of interest — eight per cent plus — is good. But if rates fall, it could be better for investors due to rise in prices. To take advantage of this uncertainty, a number of fund houses are lining up to launch open-ended dynamic bond funds.

Three fund houses — IDBI Mutual Fund, Pramerica MF and Union KBC — have already done so. Two more, Daiwa MF and Principal MF, have filed offer documents with the regulator, the Securities and Exchange Board of India (Sebi).

Dynamic bond funds, as the name suggests, are able to take advantage of rate cuts or rises by altering their portfolio. But here lies the danger as well.

Sometimes, fund managers can get their churning right or it can go haywire as well. So, returns can widely fluctuate.

In the one-year category, return on dynamic funds is 9.78 per cent. However, the best performing fund — SBI Dynamic Bond — has given a the return of 12.99 per cent, while the worst-performing —Tata Dynamic Bond A & B —have given a return of 7.51 and 7.52 per cent, respectively.

The debt fund track record of the fund manager and the fund house plays a very important role in deciding which dynamic bond fund one should choose. The investment process and philosophy should be looked at.

Investors need to check the track record before taking a call.

The trick in these funds lies in being made to predict the rate fluctuations correctly and change the portfolio. When the interest rate is rising, bond prices fall and the fund manager should be able to decrease the duration of the bond; short-term bonds face a lower impact. And, when the interest rate is falling, they should be able to increase the duration of the bond.

The taxation on these funds is computed like any other debt scheme. Long term capital gains tax is calculated at 10 per cent with indexation and 20 per cent without it. In the short term, capital gains will be added to your income and taxed, according to slab.

But since the risk involved with investing in these funds is not very high, one can allocate 20-40 per cent of the debt portfolio in these funds. "From a 6-18 month perspective, these funds are far more tax-efficient and will give you better returns than a bank fixed deposit, a national savings certificate or PPF. They are less risky than corporate bonds as well. In terms of cost, they are comparable. For dynamic bond funds, the expense ratio can be anywhere between 0.7 per cent and one per cent, higher than most short-term debt funds. However, the expense ratio is comparable to income funds (higher tenure debt funds).

The exit loads vary between fund houses. It is around 0.5 per cent and for six months to one year. Some fund houses do not charge exit loads.

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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

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

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

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Application form for Tax Saving Infrastructure Bond and more information

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How to apply to REC Bonds?

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Income Tax Section 80D - Health Insurance

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Posted: 05 Mar 2012 03:02 AM PST

In the not-too-distant past, health insurance seekers had very few options to choose from. Most products were of the standard variety, with nominal differences in premiums and features. Of late, however, there has been a perceptible change in the kind of features offered, many of which score high on the customer friendly chart. The list includes replenishment of cover, lifelong renewal, two-three policy terms instead of one-year, and so on. Here's a snapshot of five such novelties:

Restoration Of Cover

The last few months have seen a spate of products with this feature, which is being promoted heavily across the print and television media. While companies like L&T General and Apollo Munich have introduced entirely new products on these lines, with some variations; Star Health has incorporated the replenishment facility in its existing product. This is how it works: If you happen to use up the entire cover amount in a year, the provider undertakes to restore the amount, subject to conditions. Under Apollo Munich's product, the replenishment will kick in for any unrelated illness or in case of a family floater policy for any other family member. This has been offered keeping in mind the popularity of family floater policies and for those policy holders who use up their entire amount within the year and have no coverage for the rest of the year, or for the remaining family members. Star Health's health plan offers to restore 50% of the sum insured while in case of L&T General's product, the reinstatement facility is extended only in the event of accident-related treatment. The latter also promises double the sum insured if the treatment pertains to a critical illness.

Remember, the restore option gets triggered only after the entire sum insured is exhausted. So if your cover amount is . 5 lakh, and you make one claim of . 2 lakh, and another of . 6 lakh, the policy will pay . 2 lakh in the first claim and . 3 lakh in the second claim. Since the sum insured was exhausted in the second claim, the restore option begins and can be used only for a third claim. This apart, you need to bear in mind the fact that the additional benefits will come at a higher cost compared to a standard product. Whether or not the extra premium is justified will depend upon your expectations and need assessment.

Life-Long Renewals

Thanks to Irda's insistence on elimination of the exit age clause, all new products launched henceforth will have to promise life-long renewability. For long, senior citizens have complained that after collecting premiums when they were young and healthy, companies turn their backs on them as they cross the age of 60 by declining renewals. Irda's directive to health insurers will ensure that customers buying health insurance in future will not be subjected to such gross injustice.

Zero Sub-Limits

Most health insurance-seekers today are aware of the fact that their policies come with sublimits, that is restrictions on admissible expenses, pertaining to room rents, doctor's fees, operation theatre charge, etc. However, some companies have done away with the ceilings. This year has been positive for customers as many providers, mostly the specialised health insurers, have removed sub-limits, allowing policyholders to enjoy policies without the hassles of worrying about what rooms they must occupy while in a medical emergency.

Discounts For Deductibles

Then, there are insurers like Bajaj Allianz who offer a discount if you voluntarily sign up for certain deductibles. In simple terms, it refers to the part of the claim — a pre-fixed amount, not percentage — you agree to pay before the company chips in with the balance. In case of Bajaj Allianz, the product promises a concession of 10% in premiums, if your chosen deductible amount is . 10,000. This is a good way to maintain budgets and plan on your mediclaim premium. Insurance is generally for expenses you cannot manage, and hence, there is a demand for deductible-based discounts. This is prevalent in the western countries.

Retention Benefits In Focus

Emphasis is also being placed on no-claim bonus and other customer-retention features. In Apollo Munich's product, with the restore benefit, for instance, the no-claim bonus can go up to 50%. Another standalone health insurer, Max Bupa, pays for policyholders' medical check-ups if they have had a claim-free year.

Premium For Small Cities

PSU general insurance major New India Assurance and smaller private insurers such as Bharti Axa and L&T General have introduced zone-based pre mium structure. They have divided cities and towns into categories with those residing in smaller cities having to pay lower premiums. The rationale behind this structure is the variance in healthcare expenses across the country.

1) Cover replenishment
This latest fad offers to restore the sum insured exhausted due to earlier claims or by 1 family member during the policy year

2) Renewal for Life
No new health product launched henceforth can prescribe a maximum age limit for renewing the policy

3) Retention bonus
Some products offer to increase your sum insured by up to 50% for claim-free years

4) Zone-wise premiums
Healthcare costs vary as per cities or towns, but it is only now that insurers are increasingly linking premiums to the place of treatment

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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

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

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

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Application form for Tax Saving Infrastructure Bond and more information

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------------------------------------------------
How to apply to REC Bonds?

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IDFC Premier Equity Plan A

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Posted: 05 Mar 2012 02:01 AM PST

This fund has consistently outperformed its peers in all the five years of its existence.

In 2007, it trounced the competition with a return of 110 per cent (category average: 61%). In 2009, the fund erred on the side of caution as Andrade began to lower equity exposure only in the second half of the year. Yet it managed to beat its category with ease and in 2010 grabbed the fifth position among 62 funds.

The fund manager scouts for smaller businesses with long term potential that are available at cheap valuations. His compact portfolio is laden with mid and small caps ranging between 20 and 36 with the allocation to a single holding going up to 7 per cent. It's not rare to see single sector allocations go up to 20-25 per cent and even touched 45 per cent (Services in May 2007).

According to Andrade, he "picks trends before the introduction stage and tries to play the entire growth cycle, referring to strong enduring trends, societal trends and cultural trends. "It's a portfolio tailored to pick companies riding strong environmental trends. These are little companies on their way to being great companies.

This strategy is what probably results in contrarian stands; his bias towards Services ever since inception till mid 2010, his restraint from going heavy on Energy or Metals even if the sectors are gaining impressively, staying away from Pharma despite the sector doing well in 2010 are examples.

Andrade has an interest in keeping the fund size small and preventing short-term money from flowing into the fund. Hence the periodic closure for fresh investments (though SIPs are ongoing). Depending on the valuations the fund manager decides when to open the scheme for subscription and on the collection of "manageable" corpus closes it.

Concentrated sector exposures could hit if the bets don't play out. Andrade admits it's a high return-high risk portfolio which focuses on buying emerging business and taking a call on the organization to ride the growth curve of the business cycle. Till date it has rewarded investors during rallies and shown tremendous resilience during downturns. Of the total 10 quarters when its category has been in red, the fund registered a lower fall in nine. In the bear phase from January 8, 2008 - March 9, 2009, it shed 54 per cent (category average: -63%). This year too, its loss is limited.

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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

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

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

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Application form for Tax Saving Infrastructure Bond and more information

Submit filled up application Collection canter near you

------------------------------------------------
How to apply to REC Bonds?

Apply for REC Tax Free Bonds forms below

Market linked debt schemes yield higher

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Posted: 05 Mar 2012 12:19 AM PST

Debt schemes and government - backed instruments have always been the choice of the risk-averse and investors in their retirement years who seek a stable income. Bank recurring deposits and fixed deposits that earn a fixed income are popular along with the post office savings deposit, term deposit and monthly income scheme (MIS). These are simple investment schemes that guarantee a fixed inflow and come with near zero risk.

However, things are a tad different now. While the interest rates on post office savings schemes remain fixed throughout the term of the scheme, the Public Provident Fund (PPF) needs to be understood by the investor. It is a 15-year scheme where the interest rates will not remain fixed for the entire period. The annual interest accruals in a PPF account will depend on the rate for that particular year. How are the rates arrived at?

The rate will be linked to the government security market (G-sec). The advantage is that since the rates are inter-twined with the market rates, your investment will fetch you higher returns in a high interest regime.

You will not be anchored to a past low number. However, most debt instruments take a beating in times of high inflation. Inflation-adjusted returns sometimes go into negative territory.

An investor can get the real rate of return only after factoring in inflation and the tax component that chew into earnings. With a soaring inflation over the past few months, the returns on most debt schemes after adjusting for inflation have gone negative. When rates are linked to the markets, the investor stands to benefit in times of higher rates.

On the flip side, variable interest rates remove the predictability component from these small schemes preferred by risk-averse investors. This makes financial planning more of a challenge for small investors. Senior citizens who anticipate a regular income and do not have adequate resources for strategising investments may find it tougher. Returns during the periods of low interest rates could affect cash inflows.

Going back to the PPF, with effect from December 1, 2011, the government increased the interest rate to 8.6 percent from eight percent. Further, the ceiling on annual contributions to the fund has been raised to Rs 1 lakh from Rs 70,000. Variable interest rates will make the corpus at the end of a 15-year period difficult to predict.

Lack of predictability will remove some of the sheen out of these products. Instruments like the PPF were an essential part of a retirement corpus or long-term goals such as children's marriage and education expenses. With the element of uncertainty creeping into it, financial planning needs to be done with a bit more prudence.

Yet, the PPF will still remain the old faithful for small investors.

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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

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

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

Submit filled up application Collection canter near you

------------------------------------------------
How to apply to REC Bonds?

Apply for REC Tax Free Bonds forms below

Submit the filled up form to Collection canter near you

Maternity Cover

Posted: 04 Mar 2012 11:21 PM PST

Independent insurance cover for maternity was unheard of until a few years ago. Insurance is about covering unforeseen eventualities and maternity really does not count as one, was insurers' common refrain.

At best, it was included in the group health policies bought by organisations for their employees and their families. In the last couple of years, however, some companies have started selling individual and family floater policies that reimburse maternity expenses as well.

But before you buy such an independent health policy, you need to understand their terms of coverage and other intricacies. Here's what you need to know about maternity benefits provided under group health packages as well as individual covers:

Sub-Limits

Health insurance plans that include maternity coverage come with an inbuilt sub-limit. That is, while your total health cover may amount to say . 3 lakh, maternity expenses will be eligible for a much lower sum. Typically, it ranges from . 15,000-25,000 for normal deliveries whereas caesarean ones will be covered to the extent of . 25,000-50,000.
If you opt for certain high-value policies with a sum assured of over . 10 lakh, the maternity part could even touch . 1 lakh. Under group covers, the pregnancy-specific sum insured could be slightly higher. "Fifty-three per cent of the (surveyed) employers in 2011 have the same sublimit for normal and caesarean delivers.

In 2011, the average sub-limit for normal deliveries has been in the . 35,000–40,000 range and that of caesarean delivery is higher, in the . 45,000–50,000 range," states a Vantage Insurance Brokers survey, while pointing out that employers are increasingly looking at different sub-limits for normal and caesarean deliveries. Some employers, though, continue to have similar sub-limits for both procedures. Pre- and postnatal expenses are also covered under group as well as individual plans, though the sub-limits, if imposed, may vary.
If individual policies fix a sub-limit of up to . 2,500, it can go up to . 5,000 in case of group covers. New-borns are covered to the extent of . 3,500, depending on the policies. Some companies have eliminated the sub-limits for pre- and post-natal as well as new born baby covers; they are included under the sum insured earmarked for maternity expenses are a whole.

Exclusions

As mentioned earlier, some policies — group as well as individual — do include pre- and post-natal expenses in the scope of coverage. But in case of several others, this features as a key exclusion. Pre- and post-natal expenses would mean costs pertaining to ultrasound, regular checkups, doctor's consultation fee, medicines and so on. These are similar to pre- and post-hospitalisation
expenses that are admissible under a standard health insurance policy. Likewise, not all policies cover expenses related to new-born babies. You should take into account all these nuances at the time of making a comparison before buying an independent health plan.

Waiting Period

This, perhaps, is the biggest hurdle for someone looking to buy an individual cover with maternity benefits in mind. The waiting period — when the expenses are not payable by the insurer — can stretch to six years. Even the lower limit for the waiting period is nearly three years. "In case of group health covers, the waiting period could be up to nine months," informs Sanjay Datta, head – underwriting & claims, ICICI Lombard General Insurance.

MERIT OF INDIVIDUAL POLICIES

So, if an individual is covered under group health packages, which do not impose such stringent restrictions, s/he may not find value in individual maternity covers. The argument could be that since the premium amount paid over three or six years is equivalent to the maternity coverage, they would be better off investing the money elsewhere.

However, they need to remember that apart from maternity coverage, the policy entitles them to general health cover too. This would not be the case if they simply save the money instead. If planned well, such covers may turn out to be useful. The key factor, of course, will be your employers' package. If it encompasses maternity benefits, you may not need to buy an individual policy, assuming that you do not face the threat of a job loss. Besides, the claim settlement procedure is usually simpler and more efficient when it comes to group covers.

Employed professionals may not require such plans as they are already covered. Such policies may be more relevant from the point of view of self-employed professionals and businesspersons, who do not have the security of a group cover. Also, remember, such covers are not meant for all age groups, as they do not suit everyone's requirements.

For instance, a senior citizen will not need such policies. These covers are targeted at those who are likely to plan a family in the future.

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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

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

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

Submit filled up application Collection canter near you

------------------------------------------------
How to apply to REC Bonds?

Apply for REC Tax Free Bonds forms below

Define your financial goals before Investing

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Posted: 04 Mar 2012 09:22 PM PST

HAVE you seen children playing this game called donkey's tail? On a board or chart paper, a donkey is drawn without a tail.

Each child is blindfolded and then given one chance to mark the tail of the donkey.
The child who draws the tail closest to the donkey wins the prize.

Well, going on an investment path without any goals is like playing donkey's tail.
You don't know where you are heading. If the place you actually reach is where you want to be, consider you self lucky! Should I buy the new iPAD2? Should I start this SIP (systematic investment plan) my friend was talking about? Can I afford to go for a weekend getaway now? Should I make a prepayment on my home loan or invest in the equities instead since the markets are bearish? Is my insurance adequate? These are all questions in your mind to which clear answers can only come if you have goals.

You need to look at your life and take stock. What are my goals short-term, medium-term and long-term? Depending on the type of person you are and the stage of life you are at present in, you will have a set of goals, different from what you may have a few years later and in all likelihood different from your friend's. Typically, gadgets and holidays when you are single, a four-wheeler when newly married, schools and a house when you have kids, their college and your retirement as you reach your 50s. Whatever the case, you need to identify your goals, qualify them in financial terms and prioritise them.

This will give you a clear picture of where you are heading. Is the income you are earning enough? Do you need to earn more, do something different, or change your investment pattern? Do you need to change your goals as they may be unrealistic given the present set of circumstances, or can you afford to continue as you are?

Take for example, your wish for an iPAD2. Now, if you have defined a goal for saving Rs 1,00,000 this year, so that, you and your family can go for a holiday to Sri Lanka in the summer and you have managed Rs 75,000 so far. Then you can make an informed choice. Evaluate what is more important and then decide, rather than being blindly led by wants.

Pursuing this example further; you can define a goal of an iPAD2 and then see how you can put aside some money each month towards this goal, perhaps by skipping eating out and movies for some time.

This way you can end up with showing off the pictures of your vacation in Sri Lanka on your iPAD2.

Defining goals, whether financial or otherwise, gives your life a direction, a target for your finances and control to you. The sense of accomplishment you get when your goals are accomplished one after the other is akin to none.

Even when unfortunate things happen, for instance an accident, and suddenly life is out of control, then `all iz still well', since you know exactly what are the things that will get affected by this turn of events and how to manage them, rather than being completely lost without idea of how this accident will set you back.

Goals are the compass to your life and something you should take very seriously, and involve your family/spouse in this process of setting them down. It is also important to update and review your goals periodically and regularly.

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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

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

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

Submit filled up application Collection canter near you

------------------------------------------------
How to apply to REC Bonds?

Apply for REC Tax Free Bonds forms below

Edelweiss ELSS Benchmark change

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Posted: 04 Mar 2012 07:33 PM PST

Edelweiss Mutual Fund has announced a change in the stated benchmark of Edelweiss Equity Linked Savings scheme ( ELSS ), with effect from March 1, 2012.

The revised benchmark will be S&P CNX 500 index instead of S&P CNX Nifty.

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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

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