Monday, May 19, 2014

Managing money under Modi

......Second, increase the annual tax deduction of Rs 1 lakh to Rs 3 lakh. This popular deduction of Rs 1 lakh for various investments/expenses, like PFPPF, and insurance premium, etc has not kept pace with the rising inflation. It is pertinent to note that this deduction helps people in taking investment decisions and encourages them to save for their long-term requirements...........

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