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Govt. of India 7.75% Savings (Taxable) Bonds, 2018 For Individuals

& HUF - Interest payable Half Yearly

SALIENT FEATURES OF THE BUDGET PROPOSALS AND FINANCE BILL 2018

'Article' : Meditation : Some Experiments

Office Time : Monday to Friday 9.30 am to 6.30 pm and Saturday 9.30 am to 3.00 pm

306, M. B. House, 79 Janmabhoomi Marg, Fort, Mumbai 400 001. Tel. : 22846520/21/22/66355542 E-mail : [email protected]

Website: www.powerpusher.in

AMFI CertIFIed MutuAl Funds dIstrIbutors

February - March 2018Hanoz Patel Zubin Patel

We Deal In : � Mutual Funds � Life Insurance � Company Fixed Deposits � 8% Govt. Of India Savings Bond � Tax-Saving Bond Issues � Share Primary IPO

To,

POWerPuSHer FINANCIAL SerVICeS LLP

Page No.- 6

Page No. 11-15

Page no.- 22-23

COMPANY FIXED DEPOSITS (Senior Citizen Interest Rate)

HDFC Ltd. 7.75% for 44 Month,HDFC Special Deposits Plan- Interest 7.80% p.a

33 & 66 MonthBajaj Finance Ltd., Mahindra & Mahindra Finance,

LIC Housing Finance Ltd., Gruh Finance Ltd.,

Godrej & Boyce Mfg. Co.Ltd. - Interest 7.85% p.a Monthly for 3 years. & Interest 8 % p.a Half- Yearly for 3 years. (For Renewals Only)

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Bajaj Finance Limited FAAA by CRISIL HIGHEST SAFETY MAAA by ICRA HIGHEST SAFETY

Minimum Amount in Rupees: 75,000/- (+0.25% for senior citizen Rate of Interest)

Cumulative Non-cumulativePeriod in (Months)

Monthly Quarterly Half Yearly

Annually

12-23 7.60% 7.35% 7.39% 7.46% 7.60%24-35 7.80% 7.53% 7.58% 7.65% 7.80%36-60 7.85% 7.58% 7.63% 7.70% 7.85%

Mahindra Finance (CRISIL Rating FAAA Indicates HIGHEST SAFETY) Non- Cumulative Plan (+0.25% for senior citizen Rate of Interest)

Term Interest p.a. (Half yearly)

Interest p.a. (Quarterly)

12 7.35% 7.30%

24 7.35% 7.30%

36 7.40% 7.35%

48 7.40% 7.35%

60 7.40% 7.35%

Minimum Amount Rs. 25,000/- Rs. 50,000/-

IMPORTANT NOTICE

Note: 1) Please confirm with our office whether the companies are still accepting the Fixed Deposits application. 2) Please check up the interest rates before filling up the application form. Interest rates are subject to change by the company. 3) Please confirm with our office whether the companies are still accepting the Fixed Deposits application 4) Kindly submit completely filled up application form of the investment. We will not responsible incase of the incomplete application form being rejected or certificate issued with incomplete data. 5) Kindly submit correctly completely filled up form No15G/15H as per your income-tax requirement for non deduction of TDS. We will not be responsible incase of deduction of TDS by the borrower of the funds.

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Gruh Finance Limited(FAAA by CRISIL HIGHEST SAFETY MAAA by ICRA IGHEST SAFETY)

Annual Income Plan (+0.25% for senior citizen Rate of Interest)

Term in months Rate of Interest (% p.a.)

12-23 7.20%

24-35 7.50%

36-120 7.50%

Minimum Amount in Rupees : 2,000/-

LIC Housing Finance LimitedNon Cumulative Plan – (Minimum Amount in Rupees: 10,000/-)

For Senior Citizens: Additional interest @ 0.10% p.a. will be paid on deposits upto 50,000/- :

0.25% will be paid on deposits of 51,000/- & above on all terms.

Term General Public Senior Citizens upto Rs. 50,000/-

Senior Citizens Rs. 51,000/-

& above1 year 7.30% 7.40 % 7.55%

18 months 7.35% 7.45% 7.60%

2 years 7.50% 7.60% 7.75%

3 years 7.50% 7.60% 7.75%

5 years 7.50% 7.60% 7.75%

*Interest rates are subject to change and the rate applicable will be the rate prevalent on the date of deposits. Other Terms and Conditions as per Deposits Application Form.

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Govt. of India 7.75% Savings (Taxable) Bonds, 2018

7Mutual Fund Investments are subject to market risk, please read offer document care full before investing 7

TRUSTSContinued....

8 Mutual Fund Investments are subject to market risk, please read offer document care full before investing

9Mutual Fund Investments are subject to market risk, please read offer document care full before investing 9

Trust Approved Schemes

� Birla Sun Life 95 Fund

� Birla Sun Life Advantage Fund

� Birla Sun Life Cash Manager

� Birla Sun Life Cash Plus

� Birla Sun Life Equity Fund

� Birla Sun Life Gilt Plus - Liquid Plan

� Birla Sun Life Gilt Plus - PF Plan

� Birla Sun Life Income Plus

� Birla Sun Life MNC Fund

� Birla Sun Life Monthly Income Plan

� Birla Sun Life New Millennium Fund

� Birla Sun Life Tax Relief 96

� Canara Robeco Liquid

� Canara Robeco Monthly Income Plan

� Canara Robeco Equity Tax Saver

� Canara Robeco Gilt PGS

� DSP BlackRock Bond Fund

� HDFC Income Fund

� ICICI Prudential Balanced Fund - Regular Plan

� ICICI Prudential FMCG Fund - Regular Plan

� ICICI Prudential Gilt Fund - Investment Plan - PF Option - Regular Plan

� ICICI Prudential Gilt Fund - Treasury Plan - PF Option - Regular Plan

� ICICI Prudential Income Plan - Regular Plan

� ICICI Prudential Liquid Plan - Regular Plan

� ICICI Prudential Monthly Income Plan - Regular Plan

� ICICI Prudential Tax Plan - Regular Plan

� ICICI Prudential Technology Fund - Regular Plan

� IDFC Super Saver Income Fund - Investment Plan - Regular Plan

� IDFC Super Saver Income Fund - Medium Term Plan - Regular Plan


� Kotak Bond - Plan A

� Kotak Gilt Investment - Regular Plan

� Kotak Liquid - Plan A

� Reliance Income Fund

� Reliance Vision Fund

� SBI Magnum Balanced Fund

� SBI Magnum Equity Fund

� SBI Magnum InstaCash Fund

� SBI Magnum Multiplier Fund

� SBI Magnum Taxgain Scheme

� Tata Ethical Fund - Regular Plan

� Tata Long Term Debt Fund

� UTI Balanced Fund

� UTI Bond Fund

� UTI CRTS 81 Fund

� UTI Equity Fund

� UTI Equity Tax Savings Fund

� UTI Mastershare Fund

� UTI Monthly Income Scheme

� UTI MNC Fund

� UTI Money Market Mutual Fund - Institutional Plan

� UTI Nifty Index Fund

� UTI Pharma & Healthcare Fund

� UTI Treasury Advantage Fund - Institutional Plan

� Franklin India Dynamic Accrual Fund

� Franklin India Government Securities Fund - Composite Plan

� Franklin India Government Securities Fund - Long Term Plan

� Franklin India Index Fund - NSE Nifty Plan

� Franklin India Low Duration Fund

� Franklin India Monthly Income Plan

� Templeton India Growth Fund

11Mutual Fund Investments are subject to market risk, please read offer document care full before investing

SALIENT FEATURES OF THE BUDGET PROPOSALS AND FINANCE BILL 2018

INCOME TAX

1. TAX RATES:

1.1. There has been no change in the slab rates of taxes. The new tax slabs

and the applicable tax rates are asunder:

For Individuals and Hindu Undivided Family (HUF)

For Male and Female Assesses below the Age of 60 year and

All HUFs

Slab of Income Incremental Rate of Tax.

From Rs. Nil to Rs. 250,000/- (FY 2017-

18 was Rs. 250,000/-)

From Rs. 250,001/- to Rs. 500,000/-

(FY 2017-18 was Rs. 250,001 - Rs.

500,000)

From Rs. 500,001/- to Rs. 10,00,000/-

(FY 2017-18 was Rs. 500,000 - Rs.

1,000,000)

No Tax

Rs. Nil plus 5% on income above

Rs. 250,000/- (for FY 2017-18 it is 5%

Rs. 12,500 plus 20% on income

above Rs. 500,000/-(for FY 2017-

18 it is Rs. 12500+20% on income

above Rs. 5 lakhs)

From Rs. 10,00,000/- onwards (FY

2017-18

was Rs. 1,000,000)

Rs. 112,500 plus 30% on income above

Rs. 10,00,000/- (For FY 2017-18 Rs.

112,500 plus 30% on income above

Rs. 10,00,000/-)

(**) Section 87A - Individuals having income below Rs. 350,000/- will get tax

rebate up to the actual tax payable or Rs. 2500 (Rs. 2500/- during FY 2017-18 for

income up to Rs. 350,000) whichever is lower

For Senior Citizen Assesses above 60 year but below 80 years of age


Slab of Income Incremental Rate of Tax.From Rs. Nil to Rs. 300,000/-

From Rs. 300,001/- to Rs. 500,000/-

From Rs. 500,001/- to Rs. 10,00,000/-

From Rs. 10,00,001/- onwards

No Tax

Rs. Nil plus 5% on income above Rs.

300,000 (For FY 2017-18 it is 5%)


above Rs. 500,000/- (For FY 2017-18

it is Rs. 10000 plus 20% on income

above Rs. 500000)


above Rs. 10,00,000/-(For FY 2017-

18 it is Rs. 110,000 plus 30% on

income above Rs. 10,00,000)

For Senior Citizen Assesses above 80 year

Slab of Income Incremental Rate of Tax.

From Rs. Nil to Rs. 500,000/-

From Rs. 500,001/- to Rs. 10,00,000/-

From Rs. 10,00,001/- onwards

No Tax

Rs. Nil plus 20% on income above

Rs. 500,000/-


above Rs. 10,00,000/-

1.2. TAX RATES IN CASE OF CAPITAL GAINS

• For General Capital Assets Long Term Capital Gain Tax is maintained at 20% and Short Term Capital Gain is taxed at applicable slab rate.

• Section 112 Long Term Capital Gains on Sale of Listed Equity Shares and Equity based Mutual Funds in excess of Rs. 1 lakhs, will now be taxed @ 10% (Plus applicable cess and surcharge). Appreciation up to 31st January 2018 will not be taxed. For example if the purchase price is Rs. 100 whereas value on 31..01.2018 is Rs. 140 and the equity shares are eventually sold at Rs. 200, then tax will have to be paid on Rs. 60 only (Sale value minus value on 31.01.2018). However, if the purchase cost is greater than value on 31.01.2018 then purchase cost will be deducted to work out the capital gains.


Indexation benefit will not be allowed in this working. Long Term Capital Gains on sale of listed equity shares and mutual funds below Rs. 1 lakhs pa will continue to be exempted u/s. 10(38)

This is a compulsory tax and cannot be reduced by investing in 80C / 80D and other Chapter VIA benefits. However rebate u/s. 87A of Rs. 2500 will be available.

• Short Term Capital Gain for all general capital assets will continue to be taxed at normal slab rates.

• Tax on Short Term Capital Gains on Sale of Listed Equity Shares and Equity based Mutual Funds will continue to be taxed @ 15 %.( Section 111A).

• Section 115AD Long term Capital Gains on sale of listed equity shares and equity oriented mutual funds made by foreign Institutional investors will also be taxed @ 10%.

1.3. Surcharge: Individuals and HUF’s do not have to pay any surcharge if their income is below Rs. 50 lakhs, but if the total income is between Rs. 50 to 100 lakhs then surcharge @ 10% on income tax is payable and if the total income exceeds Rs. 100 lakhs than surcharge @ 15% of tax will have to be paid.

1.4. Education Tax (Primary and Secondary) is enhanced to 4% of Tax (FY 2017-18 it is 3%).

16 Mutual Fund Investments are subject to market risk, please read offer document care full before investing16

PowerPusher Developers

Contact :

Zubin & Hanoz Patel 306, M. B. House , 3rd Floor, 79, Janmabhoomi Marg,

Fort, Mumbai – 400 001.

Mobile : 07303330779

Landline : 022 – 22026523

[email protected]

PURCHASE

SALE

OFFICE

RESIDENTAL FLATS


Contact on 09004561370 for more details

This plan can be purchased by payment of a lump sum

Purchase Price. The pensioner has an option to choose

either the amount of pension or the Purchase Price.

The minimum and maximum Purchase Price under different

mode of pension is given below:


YEZDANAir – Condition Consultants

• Sellingofbrandedproducts&assembledasperyour requirement.

• MaintenanceofA/C’s,splitunits&centralplants.

• RepairingofA/C’s,splitunits&centralplants.

CONTACT:

Mr. Vistasp M. Damania

11B Rajaram Wadi,Hill Road,

Bandra (West),Mumbai 400050

Tel: +919819995098 / 02226436049 / 02226424010


TATA AIG’s MediSenior – Senior CitizenHealth Insurance Plan

In – patient hospitalization including room rent, ICU, nursing, medicines drugs & consumables covered.

Pre and Post Hospitalization medical expenses: Expenses incurred upto 30 days immediately before hospitalization and upto 60 days immediately after discharge are covered.

Day Care Procedures: The policy covers medical expenses for 140 different day care treatments which do not require 24 hours hospitalization.

Domiciliary Treatment: The policy covers for the medical expenses incurred for availing medical treatment at home which would otherwise have required Hospitalisation. This is applicable only when attending medical practioner advises that insured person could not be transferred to hospital of hospital bed was unavailable.

Emergency Ambulance: Actual expenses incurred or Rs. 2000/- whichever is lower per hospitalisation for utilizing ambulance service for transporting insured person from a hospital to the nearest hospital.which is prepared to provide necessary services.

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Health Booster by ICICI Lombard Health is the most important asset to an individual. Security of health brings mental and physical relaxation thereby helping us maintain an optimum quality of life. It not only comes with the security of financial coverage for medical requirements but also tax benefits. Now your insurance cover has just got bigger with Health Booster

y Wide range of annual Sum Insured (5 lakhs to 50 lakhs) and flexible deductible options (3,4,5 lakhs) to suit your needs

y Individual and Floater cover for the family y Policy Period:Available in one, two or three year policy period

options(10%, 12.5% discount on 2yrs, 3yrs policy) y Pre-existing diseases: Pre-existing diseases will be covered

immediately after 2 years of continuous coverage under the policy since the issuance of the first policy. The waiting period will be adjusted by the number of years the insured has spent in the base policy

y Tax Benefit: Avail tax saving benefit on premium paid under health section of this policy, as per section 80D of Income Tax act,1961 and amendments made thereafter


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Reproduced From ‘In Search Divine Light'

Mr. Beharam D. Pithavala To be Continued....

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