Individuals Pension Schemes: Income Tax Deductions, Changes in Budget 2015-16

Individuals Pension Schemes: Income Tax Deductions, Changes in Budget 2015-16 Income Tax Section Current Provision (2014-15) Proposed Provision (2015-16) 80CCC Deduction in respect of contribution to certain pension funds of LIC of India or IRDA Rs. 1,00,000 Rs. 1,50,000 80CCD  D…

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Budget 2015-16: Major boost for Pension Schemes & NPS...!

Budget 2015-16:   Major boost for Pension Schemes  & NPS...! The additional tax incentives for investments in pension funds & the NPS are intended to push up retiral savings in the long term. in a bid to create a “pensioned society“, Finance Minister Mr. Arun Jaitley ha…

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Know the Share Before You Put Money on It..

by Ms. UMA SHASHIKANT, Centre for Investment Education and Learning Sitting on a panel watching young students make presentations on equity investing is an interesting experience. They display a lot of optimism about equity , a bewilderment at the possible gains, also overwhe…

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Share Disinvestment - 5 Points - Terminology - Share Market,

Terminology - Share Market:  Share Disinvestment - 5 Points  1. Disinvestment is when the  central government sells the equity stocks it holds in public sector units (PSUs) to individuals or / institutions. 2 .Disinvestment transfers the ownership of shares from  central governmen…

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Mutual Fund Investment: Take A SIP - Systematic Investment Plan..!

Mutual Fund Investment:  Take A SIP (Systematic Investment Plan) A SIP in time makes your money fine!  Systematic Investment Plans and Rupee cost averaging.. Common sense suggests that “Buying low & selling high” is perhaps the best way to make money on your investment…

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Mutual Fund Investment:Consolidated Account Statements FAQs

Mutual Fund Investment: Consolidated Account Statements FAQs..! Consolidated Account Statements  It's like all mutual funds coming together to give you a single report, periodically.  What is a Consolidated Account statement (CAS)? Consolidated Account Statement is a sin…

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Common Account Number - CAN - for Mutual Fund Investments..

The Mutual Fund Utility (MFU) provides a common platform for investors to transact across different mutual funds using a common account number (CAN). The investor is allotted a CAN as a single reference for all investments. The investor gets the benefit of a single view of a…

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Each One of Us Can Invest..!

by  Ms. UMA SHASHIKANT, Centre for Investment Education and Learning Babaji, our driver, will retire this month. When he came to work for us as a 24-year old in 1999, his story was that of many migrants to Mumbai. He left behind a small patch of rain-fed land with poor yields…

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