Long All Securities Above

This is post is arriving just a little later than I’d like. The month of February 2014 is another money of increasing dividend income. This money is utilized to help pay my expenses if it’s needed. If the amount of money isn’t needed it is ALL used to purchase new investments to further increase my cash flow. This total symbolizes a 4.15% increase from 3 months back and 47.72% calendar year over year. 56.00 for my golf swing trade in Dundee REIT in my non-registered account. This isn’t in the above list since it is a trade, so the money is held by me in the account, nor pay myself first with this payment. 427.47 in distributions so on this trade much.

I will upgrade my dividend income tab with the new amount. Disclosure: Long all securities above. I am not a financial planner, financial consultant, accountant, or tax attorney. The information with this blog represents my very own viewpoint and should NOT be studied as investment or business advice.

Tax Saving-Fixed Deposits: Tax conserving fixed deposits are offered by most banking institutions as a musical instrument to help save on taxes. Individuals can put from Rs anywhere. 1 lakh to Rs. 1.5 lakhs in these debris and earn an attractive interest while conserving on income tax for that season. These deposits come with a lock-in period of 5 years. Post Office Time Deposits: Postoffice time debris also work in much the same way as setting deposits do except for the fact they have no limit about how much can be put in them. The minimum is Rs. 200 and interest rates are often as persuasive as 8.5% per annum.

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National Savings Certificates: National savings certificates can be studied from the post office and come with a minimal investment of Rs. 100. They also come with lock-in periods of 5 and a decade. Investments made in NSC meet the criteria for tax benefits and can also help your money grow in a protected climate.

Provident Funds: Provident money may also be considered pension money because they are created with long-term returns at heart. They offer interest rates to the melody of 8.7% per annum over an interval of 15 years and can be used to make investments Rs. 500 to Rs. 1.5 lakhs in one financial season.

Medical deductions: Medical Allowance: When you have sought treatment for just about any ailment in today’s financial year then the expenditures you incurred to meet the criteria for deductions under section 10. The deductions can be availed to the tune of Rs. 15, years 000 in a single financial. It is important to note you need to claim this benefit by producing medical bills. Medical Deductions For Disabled Dependants: When you have dependants who’ve disabilities and require medical care then the expenses incurred are also qualified to receive tax deductions under section 80DD to the melody of Rs. 50,000 to Rs. 1 lakh depending on the severity of the disability. This facility covers spouses, children, and parents dependant on you.

Many employers may offer LTA or leave travel allowance which is eligible for tax benefits under section 10(5) of the IT Act. The benefits provided under this section are limited to the amount stated. For example, if your LTA is Rs. 25,000 and you produce bills for Rs. 20,000 benefits will be provided for Rs then. That is a facility provided under section 10(13A) and then salaried individuals. In the event that you reside in a rented accommodation then you are eligible for HRA which is computed as minimal of actual lease paid less 10% of basic salary, 50% of basic salary and HRA received from the company.

If you have children who are currently being educated then your amount that you pay towards their education is qualified to receive deductions under sections 10(14) and 80C. Under 10(14) an allowance of Rs. 100 per month per child for 2 children is provided and under section 80C deductions up to Rs.