Income Tax Slab for Men (for resident men below 65 years age):
Upto Rs. 1,50,000 – NIL
From Rs. 1,50,000 to Rs. 3,00,000 – 10%
From Rs. 3,00,001 to Rs. 5,00,000 – 20%
Above Rs 5,00,001 – 30%
Income Tax for Women (for resident women below 65 years age):
Upto Rs. 1,80,000 – NIL
From Rs. 1,80,001 to Rs. 3,00,000 – [...]
Filed under: Income Tax Slabs | Tagged: Income Tax Slabs, new tax slabs, tax for 2008-2009 | Leave a Comment »
Contract Of Insurance:
A contract of insurance is a contract of utmost good faith technically known as uberrima fides. The doctrine of disclosing all material facts is embodied in this important principle, which applies to all forms of insurance.
At the time of taking a policy, policyholder should ensure that all questions in the proposal form [...]
Filed under: Life Insurance | Tagged: life insurance benefits, tax relief, tax saving | Leave a Comment »
Life insurance is a contract that pledges payment of an amount to the person assured (or his nominee) on the happening of the event insured against.
The contract is valid for payment of the insured amount during:
The date of maturity, or
Specified dates at periodic intervals, or
Unfortunate death, if it occurs earlier.
Among other things, the contract also [...]
Filed under: Life Insurance | Tagged: insurance, lic, Life Insurance | Leave a Comment »
