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STAR TAX BENEFITS OF FMPs!

Multiple indexation under Fixed Maturity Plans (FMPs) offer tax free return on investment plus future tax cuts!  Saraswat had invested Rs.40,00,000 in March, 2012 in a 13 months Fixed Maturity Plan (FMP) offered by a leading Mutual Fund. The return on investment upon maturity of this FMP in April, 2013 works out to 11% per annum and accordingly Saraswat is fortunate to earn Rs.4,40,000. The real icing on the cake...

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