Posts Tagged ‘tax slab’

Tax the super-rich at a higher rate

Tax the super-rich at a higher rate

Recently we have seen recommendation of FICCI on income tax rate change in post New Tax Slab – I wish. As per FICCI highest income tax rate of 30 percent should be levied on income above Rs 20 lakh as against Rs 10 lakh currently. Another recommendation is given by C Rangarajan, a key economic advisor to Prime Minister Manmohan Singh that government could consider imposing a marginal tax rate higher than the current 30% on those with “substantially higher income”. This […]


New Tax Slab – I Wish

New Tax Slab – I Wish

Tax is very common word today. But many people does not like when it comes to actual tax payment.  Every one like the situation wherein no tax is deducted from income or less income is deducted from income. Industry body FICCI is working on your wish and they have demanded very lucrative tax slab in proposal. As per FICCI highest income tax rate of 30 per cent should be levied on income above Rs 20 lakh as against Rs 10 […]


Tax Saving Fix Deposits – Really Tax Saving?

Tax Saving Fix Deposits – Really Tax Saving?

Lot of people selects Tax saving Fix deposit for tax saving purpose under section 80 C, Do you think this is right investment instrument for Tax saving purpose? Or in other words this tax saving fix deposit is really tax saving? Let’s check out few interesting details. What is a tax saving fixed deposit? Fixed deposit offered by banks for Tax Saving purpose Interest rates on this FD depends on the bank This deposit is locked in for 5 years […]