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BUILDING TAX FREE CAPITAL FOR CHILDREN!

Investment In Your Minors’ PPF Accounts Can Weave The Amazing Magic!   Investment In Your Minors’ PPF Accounts Can Weave The Amazing Magic! Every parent would naturally be concerned about building capital for his or her children, which would go to ensure meeting their financial requirements for higher education, marriage, settlement in life, etc. One of the major stumbling blocks in doing so are the clubbing...

ENJOY FREEDOM FROM TAX BURDEN!

Income-tax of Rs.2,87,370 on Family Income of Rs.27,60,000 Average tax rate of just 10.4% – Myth or Reality? INCOME TAX IS NO LONGER AS TAXING! Just consider some tax facts of the past six years as highlighted hereunder: In FY 2004-05, taxable income exceeding Rs.1,50,000 attracted the maximum tax rate of 30%. Today in FY 2010-11, the basic Income-tax exemption limit is Rs.1,60,000 and the maximum tax rate of...

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