8 Simple Ways to Save Your Taxes

By SiliconIndia   |   Tuesday, December 18, 2012   |    1 Comments
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Bangalore: Tax planning - Do you find it complicated and boring? If you keep delaying it or don't do it at all, you will lose many opportunities of investing your money in some tax benefit schemes. Paying higher tax is not a wise man's work, instead you must learn about how to invest smartly and save tax thereon. Spend some time on organizing your tax plan as it will help you save money, as reported by simpletaxindia.net



More: 10 Best Mid-Cap Stocks For 2013



The following is the necessary information that you need to know to do your tax planning properly for financial year 2012-2013 and assessment year 2013-2014:



Tax Slabs



A. In Case of General Assesses (Both Male & Female):


Income Bracket 0 to 2,00,000 - Rate 0 percent


Income Bracket 2,00,001 to 5,00,000 - Rate10 percent


Income Bracket 5,00,001 to 10,00,000 - Rate 20 percent


Income Bracket Above 10,00,000 - Rate 30 percent



Also Read: NRIs in US: Know About Tax Implications while Making Gifts


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Reader's comments(1)
1: after all it is a good saying DEATH AND TAXES ARE CERTAIN
Posted by:Vinod Nainwal - 27 Dec, 2012
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