JavaTechies / Personal Finance

Hello Friends, I got time to write this page after long time. Here, How would you have 83945 RS on your taxes ?       1) Equity Linked Savings Schemes (ELSS) ELSS the tax saving investment with shortest lock-in period and the potential of higher returns. Equity linked savings scheme or ELSS, as they are popularly known, are diversified equity mutual fund schemes that provides capital appreciation and also qualifies for tax saving. Amongst other tax saving instruments u/s 80C, ELSS not only has the potential to deliver higher returns but also has the shortest lock-in period of three years. Key Features : Type of Scheme: Equity-oriented Scheme Asset Allocation: 80-100% equities Scheme Objective: Capital Appreciation Tax Benefits : Investment up to a maximum of ` 1,50,000 is eligible for deduction under section 80 C. You can save a maximum of ` 46,350/- (depending on your income-tax slab) In addition to saving tax, the investor...

Hello Friends, In this post, I am going to tell you what you are and what your position !!! Congratulation again, you are promoted and you become CEO of yourself & your wealth. How ? Are you sure ? Yes, you are not still believing this position ? you are promoted of-course you were but after reading this post, you are promote  to CEO , This is the new position in your wealth ... Please ask following question to yourself :  Do you have money ? Are you keeping your little money to bank account?  Are you keeping your little money to bank deposit ? Do you feel your money little growing through that ? Do you always think about get more money ? Do you always think about faster grow your money ? Do you try to invest your money to equity market /mutual fund for growing it faster  or better return ? Do you think little bit about saving when you do shopping ? Do you think little bit about saving when you go for outing/lunch/dinner ? Do you feel yo...

Dear Readers, I know you visited my blog many times since one & half month to get to know any an interesting article wrote for you :) Yes, I got an idea for my next article a month ago but i was not getting time due to *** work & *** work :) hope you guys understood what i mean. any way ..you must read the title of this article that's " Investment in Equity = Investment in Ideas " Of course, you cant agreed/clear with this title in first time but I have recently completed all most 7 years in Equity Market and I experienced it. Let me give you in simple plain example you can able to understand & get it. " I have a my company and have my team that work for my company, now each day my team(employee) work on some thing that match my daily goal and eventually, it'd complete my company goal.  So, To do this, Of course it's not rocket science i means i have to give an  enough time to my team to produce sufficient & productive an output/...

    (I) Introduction to Rajiv Gandhi Equity Savings Scheme, 2012 1) What is Rajiv Gandhi Equity Savings Scheme, 2012 (RGESS)? With an objective to encourage flow of savings of the small investors in domestic capital market, the Government of India announced a scheme named Rajiv Gandhi Equity Savings Scheme, 2012 (RGESS). 2) Does RGESS offer any tax benefits? A new section 80CCG under the Income Tax Act, 1961 on ‘Deduction in respect of investment under an equity savings scheme’ has been introduced to give tax benefits to ‘New Retail Investors’ who invest up to `50,000 in ‘Eligible Securities’ and have gross total annual income less than or equal to Rs.10 Lakhs. 3) Who is a ‘New Retail Investor’? A ‘New Retail Investor’ is any resident Individual  ü who has not opened a demat account and has not made any transactions in the equity or derivative segment as on the date of notification of the scheme i.e., November 23, 2012. OR ü ...