Income Tax slabs raised

Finance Minister P Chidambaram has announced changes in the Income Tax slabs. The threshold of exemption for all Income Tax assesses raised from from Rs  1,10,000 to Rs 1,50,000.

Every income tax assessees to get relief of minimum of Rs 4,000. New tax slabs will be: 10 per cent for 1,50,000 to 3,00,000, 20 per cent for 3,00,000 to 5,00,000 and 30 per cent above 5,00,000.

For women, the income tax limit goes up from Rs 1.45 lakh to Rs 1.80 lakh. In case of senior women citizens, it increases from Rs 1.95 lakh to Rs 2.25 lakh.

Reliance Natural Resources Fund debuts at Rs 10.1462

Reliance Natural Resources Fund debuted at Rs 10.1462 per unit, up 1.5% from its face value of Rs 10 per unit. The scheme, whose initial public offering closed on January 31, re-opened for fresh investments and sales.


Reliance Mutual Fund had attracted over Rs 5,660 crore with the launch Reliance Natural Resources Fund. This is the second highest collection by Reliance Capital AMC after Reliance Equity Fund, which had collected over Rs 5,700 crore from over 9.25 lakhs investors in March 2006.

Reliance Natural Resources Fund is an open-ended equity scheme, launched on January 1, 2008. The primary investment objective of the scheme is to seek to generate capital appreciation and provide long-term growth opportunities by investing in companies principally engaged in the discovery, development, production, or distribution of natural resources and the secondary objective is to generate consistent returns by investing in debt and money market securities.

Rail Budget

New Garib Raths

1.       Jaipur-Chandigarh (Tri-weekly) via Rewari-Bhiwani

2.       Secunderabad-Visakhapatnam Express (Tri-weekly)

3.       Varanasi-Delhi (Tri-weekly)

4.       Bangalore-Kochuveli(Tri-Weekly)

5.       Ranchi-Delhi (Bi-weekly)

6.       Jammu Tawi-Kathgodam (Weekly) (in lieu of Nizamuddin-Dehradun Garib Rath Express announced in the Railway Budget 2007-08)

7.       Yesvantpur-Puducherry (Tri-weekly)

8.       Jabalpur-Mumbai (Bi-weekly)

9.       Delhi-Jaynagar (Bi-Weekly) via Patna

10.   Pune-Nagpur (Tri-weekly)

New Trains

1.       Amravati-Mumbai Express (Bi-weekly)

2.       Chennai-Tiruchendur Express (Weekly)

3.       Hyderabad-Usmanabad Express (Tri-weekly)

4.       Bhubaneshwar-Mumbai Express (Bi-weekly) via Sambalpur

5.       Amritsar-Saharsa Jan Sadharan Express (Weekly) via Hasanpur

6.       Ranchi-Chopan Express(Tri-weekly)

7.       Asansol-Mumbai Express via Jasidih (Weekly) with restoration of Howrah-Mumbai Mail via Gaya on all 7 days of the week

8.       Kamakhya-Gandhidham Express (Weekly)

9.       Kochuveli-Dehradun Express (weekly)

10.   Jaynagar-Saharsa Janaki Express (Tri-weekly) via Hasanpur

11.   New Dibrugarh Town-Kamakhya Express (Tri-weekly) via Moranhat

12.   Machallipatnam-Bangalore Express (Tri-weekly)

13.   Surat-Muzaffarpur Express (Weekly) via Azamgarh-Chhapra

14.   Amritsar-Kochuveli Express (Weekly)

15.   Delhi-Pathankot Express (Tri-weekly) via Amritsar

16.   Malda Town-Patna Express (Tri-weekly) via Bhagalpur

17.   Indore-Udaipur Express (Tri-weekly) via Ratlam

18. Varanasi-Rameshwaram Express (Weekly)

19. Delhi-Jogbani Link Express (Weekly)

20. Khajuraho-Delhi Link Express (Tri-weekly)

21. Kamakhya-Gaya Express (Weekly)

22. Ramnagar-Delhi Link Express (Daily)

23. Kolkata-Murshidabad Hazar Duari Express (Weekly)

24. Mathura-Chhapra Express (Tri-weekly)

25. Gwalior-Indore Express (Tri-weekly)

26. Udaipur-Delhi Chetak Express (Tri-weekly) via Ajmer-Neem-ka-Thana

27. Puri-Darbhanga Express (Weekly)

28. Yeswantpur-Jodhpur Express (Weekly)

29. Radhikapur-Delhi Express (Weekly)

30. Vasco-da-gama-Patna Express (Weekly) via Konkan railway

31. Paradeep-Bhubaneshwar Express (Daily) in lieu of one pair passenger service between Paradeep and Cuttack.

32. Bilaspur-Pune Express (Weekly)

33. Kendurjharagarh-Puri Express (Daily)

34. Gaya-Chennai Express(Weekly)

35. Balharshah-Mumbai Link Express (Daily)

36. New Dibrugarh Town-Yesvantpur Express (Weekly) via Moranhat

37. Ranchi-Bhagalpur Express (Tri-weekly) via Kiul in lieu of 3405/3406 Ranchi-Bhagalpur Varanchal Express (Bi-weekly via Kiul)

38. Lucknow-Delhi Air Conditioned Express (Tri-weekly)

39. Dehradun-Delhi Air Conditioned Express (Six days)

40. Ahmedabad-Mumbai Air Conditioned Express (Weekly)

41. Chennai-Rameshwaram Express (Daily) via Mayiladuthurai-Karaikudi (after Gauge conversion)

42. Chennai-Tiruchchirappalli Express (Daily) via Mayiladuthurai (after Gauge conversion)

43. Chennai-Salem Express (Daily) via Vriddhachalam (after Gauge conversion)

44. Madurai-Tenkasi Passenger (Daily) (after Gauge conversion)

45. Villupuram-Mayiladuthurai Passenger (Daily) (after Gauge conversion)

46. Mysore-Nanjanagud Town Passenger (Daily) (after Gauge conversion)

47. Ahmedabad-Patan Passenger (Daily) (after Gauge conversion)

48. Dabhoi-Pratapnagar Passenger(Daily) (after Gauge conversion)

49. Hajipur-Phulwaria passenger (Daily) (upon commissioning of new line)

50. Itarsi-Katni Passenger (Daily)

51. Shoranur-Nilambur Road Passenger (Daily)

52. Tirunelveli-Tiruchendur Passenger (Daily)

53. Vasai Road-Panvel MEMU (Daily)  

Extension of Trains

1.       8611/8612 Varanasi-Ranchi to Sambalpur via Rourkela (Bi weekly)

2.       2677/2678 Bangalore-Coimbatore Express to Ernakulam

3.       4207/4208 Delhi-Raebareli Padmavat Express to Pratapgarh

4.       7405/7406 Tirupati-Nizamabad Krishna Express to Adilabad

5.       3225/3226 Danapur-Darbhanga Express to Jaynagar

6.       2855/2856 Nagpur-Raipur Express to Bilaspur

7.       2691/2692 Chennai-Bangalore Express to Sri Sathyasai Prashanti Nilayam

8.       6733/6734 Madurai-Manmad Express to Rameswaram on one side and Okha on the other

9.       2141/2142 Rajendranagar (T)-Lokmanya Tilak (T) Express to Chhatrapati Shivaji Terminus

10.   2409/2410 Nizamuddin-Bilaspur Gondwana Express to Raigarh

11.   4201/4202 Mathura-Lucknow Express to Patna

12.   2083/2084 Coimbatore-Kumbakonam Jan Shatabdi Express to Mayiladuthurai (after Gauge conversion)

13.   1423/1424 Solapur-Bagalkot Express to Gadag (after Gauge conversion)

14.   571/572 Bangalore-Salem Passenger to Nagore (after Gauge conversion)

15.   724/725 Tuticorin-Tirunvelveli Passenger to Tiruchendur

16.   356/357 Dharwar-Gadag Passenger to Bijapur 

Increase in frequency

1.       2425/2426 New Delhi-Jammu Tawi Rajdhani Express from weekly to daily

2.       2203/2204 Amritsar-Saharsa Garib Rath from bi-weekly to tri-weekly

3.       2449/2450 Nizamuddin-Madgaon Goa Sampark Kranti Express from weekly to bi-weekly

4.       6513/6514 Bagalkot-Yesvantpur Basava Express from tri-weekly to daily

5.       3403/3404 Bhagalpur-Ranchi Express via Andal from five days to daily

6.       2891/2892 Baripada-Bhubaneswar Express from tri-weekly to six days a week

7.       2151/2152 Lokmanya Tilak (T)- Howrah Samrasta Express from weekly to bi-weekly

8.       2421/2422 Bhubaneswar-New Delhi Rajdhani Express from bi-weekly to tri-weekly

9.       2947/2948 Ahmedabad-Patna Azimabad Express from weekly to bi-weekly

10.   2431/2432 Nizamuddin-Thiruvanthapuram Rajdhani Express from bi-weekly to tri-weekly

11.   5109/5110 Varanasi-Rajgir Buddh Purnima Express from tri-weekly to daily

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Regards,
Suraj Deo

Reliance Power offers 3-for-5-bonus share issue

Anil Dhirubhai Ambani Group (ADAG) Reliance Power on Sunday set a 3-for-5-bonus share issue to cheer shareholders after a miserable debut into stock markets following a record three-billion dollars initial public offer (IPO).

Shareholders other than the founders will receive three bonus shares for every five held, effectively reducing the cost of the shares to 269 rupees for retail shareholders compared to a discounted IPO price of 430 rupees.

Test Message

Test Message

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Regards,
Suraj Deo

7 good tax-saving funds to buy

7 good tax-saving funds to buy


1. SBI Magnum Taxgain
2. Sundaram BNP Paribas TaxSaver
3. HDFC Tax Saver
4. Franklin India Tax Shield
5. Principal Tax Savings Fund
6. Birla Sun Life Tax Relief '96
7. Birla Equity Plan


Check out the detail analysis at http://www.rediff.com/money/2008/feb/19elss.htm



 

हिन्दी मे भेजा गया टेस्ट मेसेज

हिन्दी मे आप सिर्फ ब्लॉग मे ही नही लिख सकते बल्कि उसे अपने वेबसाइट पर भी प्रकाशित भी कर सकते है

Top 10 ELSS funds: Save tax, make money

The table below shows the top 10 ELSS funds:

Open ended - Equity: Tax planning (one year returns as on February 8, 2008
Fund	Returns (%)
Taurus Libra Taxshield	59.33
DSP ML Tax Saver Fund	43.6
Lotus India Tax Plan	38.1
DWS Tax Saving Fund	36.07
Sundaram BNP Paribas Tax Saver	33.46
Escorts Tax Plan	32.24
Sahara Tax Gain	31.41
Kotak Taxsaver	27.45
Sundaram BNP Paribas Tax Saver 98	26.58
Principal Personal Taxsaver	26.06

Source: Rediff MoneyWiz

10 golden rules to become rich

Rediff has published 10 golden rules to become rich.

1. There's no escaping risk
2. Buy right and hold tight
3. Time is your friend, impulse your enemy
4. Realistic expectations: the bagel and the doughnut
5. Why look for the needle in the haystack? Buy the haystack!
6. Minimize the croupier's take
7. Beware of fighting the last war
8. Sir Isaac Newton's revenge on Wall Street -- return to the mean
9. The hedgehog bests the fox
10. Stay the course: the secret of investing is that there is no secret

Read the full story at http://www.rediff.com/money/2008/feb/21perfin.htm

Welcome Note

Welcome to Suravi Investments blog.

सुरावी इन्वेस्तमेंट्स ब्लॉग मी आप का स्वागत है |