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 tax slabs up to Rs 5 Lakh
Impact: The proposal will benefit around 1.8 crore tax payers, but the 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
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