Savings As your income tax in India to save the national budget for 2010 bonds rates

A recent survey shows that in India, 67 percent of employees received wage hike in 2010. What is beyond expectation. Indian Ministry of Finance said that a new system of income taxation and government employees and NGOs. Here are some popular tax saving option for the Indian citizens – tax saving funds. Finally, the Indian government allows various exemptions to those instruments.Here savings bonds rates Financial is a list of the most popular tax savings bonds rates, saving mutual funds in India –

* Tax HDFC See

* Kotak Tax Saver

* UTI Equity Tax savings bonds rates

* TATA Tax Savings

Pay your home loan in advance, it is better to pay the home loan EMI in advance, because the experts say – most likely under the new interest rate can increase to 0.75 to 1 percent in the medium term.In term will make a huge amount you must pay. So it’s not easy to take your loan EMI.

Systematic investment plan – a powerful tool for tax savings – to the recent global meltdown no effect on Indian economy and Indian economy is one favorite day as a global leader in the financial sector. So it is better in times of Systematic Investment Plan (SIP) or equity funds. savings bonds rates SIP is not only a powerful tax cutter on the other savings bonds rates, hand is very effective on long-term wealth creation.

And Reserve Bank of India has 6.5% Savings Bond, which is unique and powerful tool than tax savings. This link has 5 years of duration and interest rate is 6.5% per year. Reserve Bank of India believes that this relationship in two savings bonds rates categories –

* 6.5% non-cumulative bonds and savings bonds

* 6.5% cumulative savings bond obligations.

Unlike other tax savings instruments, the investor will get the tax exemption savings bonds rates under the Income Tax Act 1961st

Tax Saver private banking in India – ICICI, Axis, HDFC and IDBI bonds also offer tax savings for citizens of India.

In a general way, they classify their financial products in two categories –

* 8% of cumulative loan and

* 8% cumulative non-binding.

The Indian postal system offers a wide range of options for the taxation of savings with higher interest rates. The most popular financial instrument of the Indian postal system –

* Post Deposits

* Postal Monthly Income Plan

Post recurring payments *

* National plan for savings products

* Public Provident Fund

* The national savings certificates.

financial system and other financial instruments Postal Tax saving instruments under § 88 savings bonds rates of the Income Tax Act 1961st

Shopping facilities savings bonds rates – bond infrastructure will help reduce taxes in accordance with § 80CCF. Side by side you invest in gold ETF shares, it is easy to make money and to keep things simple.

Finally, it is recommended – before a long-term investment, consult with any financial adviser to select the best option for you!

Avijit Majumder. Currently working as free content Writer.

By: Avijit Majumder
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