All about Section 80c of Income Tax Act

Section 80L the former Act was used to provide deduction of interest earned on, say, a National Savings Certificate or a bank deposit up to a limit of Rs 12,000. But now all these are gone .In their place has come Section 80C — “u/s 80CCC, & u/s 80CCD”, as the Finance Bill puts it. Thus, the new Section 80C of the Income Tax Act proposed in Union Budget gives you a bigger tax break than what the current regime offers.

• Deduction in respect of Life Insurance Premia, Contribution to Provident Fund, etc.
• Rs 1 lakh can be invested under this section without any individual sub-limits except in the case of Rs 10,000 in pension funds.
• Sections 88, 80L, 80CCC and 80CCD is clubbed in.

Schemes eligible for Section 80C benefits -

• PPF
• ELSS – Mutual Funds
• NSC
• KVP
• Life Insurance
• Senior Citizen Saving Scheme 2004
• Post Office Time Deposit Account

Source.

The New Years Eve…………….!

Hi People,

On 31^st Dec 2009, which was a pre new year day and every one in the metros are planning for new year party my country India.

I with my friends planned go in a pub and have a bash….!

Like always, we enjoyed the night and got into one of my friend’s car towards our final destination…(not the movie) hope so….. towards our home. We were drunk so no one was interested in any talk. I was on front seat and laid my head on the glass window though it was closed as AC was on. The street lights was flashing in my eyes and with that the polluted hoardings in our Mumbai got my attention to it.

What could be the picture they paint for us. No one most probably likes the highlighted hoarding, specially the youngsters of my age as I am 20 now, even I was bored so thought of looking at the hot girl wearing a saree of some designer in one of the hoarding,and later on the ppt goes on- Sbi home loans, the Mobile Operators,the 3 idiots movie and so on………..!

We were on the highway(freeway) when I saw a hoarding of life insurance quoting “Guaranteed protection against your Life for 20” and next Health Insurance quoting ”Pays your entire Medical Expenses”..!

I Had a laugh and told my friends “ hey do they really mean what they say, i mean what is the use of these things for us”. And there comes the reply from one of my pal “shut up your mouth” dude.

Another one speaks “ its quite useful tool for every individual if they met with any kind of illness or disease or even useful for those who met with an accident especially at their young age …..” one from back claim “do mean us” and I said stop these nonsense you guys and look for the cops as we are drunk! My friend who was driving cried in saying “ will you stop dooming.

Suddenly he brake the car. I cried out “what happened, did you saw cops!” No, look there, someone hit these locale people sleeping over the footpath. Alas! There were three men lying unconscious and the nearby people were helping them to take them to nearby hospital. I asked one of the person from there by seating in the car, “kya bhai kya hua hai yahan” means “what has happened here”. The man told “ ek gaadi ne unhe kuchal diya” say “A car hit them and gone away”

Someone from the locale contact police and we heard the siren so we ran from there as we were drunk.

After we have left the spot- I thought that how could they pay the bill of the hospital the case is too serious. Would they manage to pay the big operation bills! I got emotional for them. Replied one of my friend “Here Health Insurance and Life Insurance Plays the main Role. And I started talking to myself that if they had any cheap or low cost health insurance,whatever may the operation high,they did not have to worry as the Insurance company would take care of it.!’

As Aamir Khan Quoted “ALL IS WELL”…………………!

Top 6 Brand Campaign for the Year 2009

A Very Happy New Year to all of you readers out there. Let me tell you that Year 2009 was an auspicious year for many Competing Companies in India, as their campaign carried an awesome number of fans following Throughout India.

If there was an Award Ceremony for these campaigns then the nominations would laid as;

And the Nominees are-

1. TATA Tea Campaign.
2. Congress Campaign.
3. The “ZooZoo” Vodafone Campaign.
4. Tata DOCOMO.
5. Three Idiots.
6. Kotak Headstart Child Plan.

Guess What!

And The Award goes to…..???………!

Vodafone “ZooZoO”- They just steal the show with over millions of fans following in India. Every Indian Homes would love to have a look at them when ever their Ad was on Television.

Tata tea’s Election Campaign was a hit among youngsters and others. Having a motto of “Jaago Re” was spreading awareness in Youngsters to go and vote the right candidates. After election comes “Tata DOCOMO” this one done an incredible business in telecom industry.

Three Idiots Marketing was phenomenon. Well it has to be, because Aamir Khan was Involved in it.

I have a saying for Aamir- “Whatever or whomever he touches, It turns into Gold”.

Kotak Mahindra headstart Child Plan- well let me tell you that Kotak Child Plan is being search in Google for past few weeks and is leading for numerous visits in Insurance field. The AD “Faidey Ka Insurance” which was air on television, made the parents go serious about their children’s future and this results in numerous visit on their websites.

Want to have a Look at their Commercial- “WATCH”.

Sorry! No talks about Congress Party Campaign.

Riders: Future Generali’s Anand Policy

Rider Options	Benefits
Term Assurance Rider	Additional amount, equal to the sum assured selected under this benefit is paid, in case of unfortunate death due to any cause
Accident Death Rider	Additional amount, equal to the sum assured selected under this benefit is paid, in case of unfortunate death due to an accident.
Accidental Total and Permanent Disability Rider	In case of the life assured becoming totally and permanently disabled due to accident, the rider sum assured is paid in 10 equal annual installments. In case of death of the life assured, surrender or maturity of the Policy occurring before the payment of all installments, the balance of the installments is payable in lump-sum.
Wavier of Premium on disability Rider	All the future premium (including rider premiums) will be waived on accidental total and permanent disability.
Critical Illness (Core) Rider	Amount equal to Sum Assured selected under this benefit is paid on diagnosis of any one of the 6 critical illnesses (Cancer, Stroke, Kidney Failure, CABG, Heart Attack & Major organ transplant). The sum assured is payable on survival for 28 days from the onset of any of these critical illness conditions.

Source.

Factors to keep in mind while comparing loans from different Banks!

A borrower needs to take account of few things when comparing loans. The applicant needs to find out the kind of loan and the amount he wants to compare for. He needs to consider the total amount of the loan, which will be repaid within the fixed loan tenure.

Read and learn the terms and conditions under of the following financial institutions who are offering the loan. In the end, he needs to judge, which loan offer him best rate. Search for your personal loan online and try the most interactive comparative comprehensive tools in helping you compare and measure the best value deal you can get from the bank of your choice.

About: Life Insurance Policy

There is no mandatory rule or law that states you must have Life Insurance, but still many people do reckon it a crucial aspect of financial security. It makes you relax financially even in the worst event of your life. Some people simply buy it to help render a tax-free lump sum for their loved ones if they were to die.

Life Insurance is an truly beneficial and affordable form of insurance, which you can apply at anytime before you celebrate your 68^th birthday. It provides security for your family at a certain stage if the worst was to happen.

You may choose Life Insurance to provide some financial protection for the family or to cover the payment of a Loan.