Get Tax benefits via investments: Budget 2013

Tax benefits have been linked with investments aimed at productive sectors of the economy by Budget 2013

Investment limit for RGESS increased

IMPACT: Raising income limit of Rs 12 Lakh will widen the investor base and lead to a sustained participation of first time investors for a period of three years.

Rebate of Rs 2000 for income up to Rs 5 Lakh

Impact: The proposal will benefit around 1.8 crore tax payers, but hte government would have to forego a revenue of Rs 36,000 crore

Tax Free bonds worth Rs 50k cr next year

IMPACT: Retail and high net worth individuals can look to invest in these bonds next year too and benefit from the high interest rates and tax exemptions

Insurers can branch out to Tier II cities

IMPACT: Will lead to an enhanced financial inclusion and by allowing KYC of banks to acquire insurance policies, it will ease the process of investor acquisition

Select schemes to get sec 80D benefits

IMPACT: Will help provide benefit of deduction to a larger section of state and central government employees similar to those who contribute to CGHS

ALSO READ

India services growth falls for third straight month: HSBC PMI survey

SpiceJet shares zoom 8% as Jhunjhunwalas buy stock

Gold price holds near 2-week high, equities cap gains

RBI includes urban areas in lead bank scheme