Whether any amendment has been made to income tax act for calculation of tax liability on gratuity amount exceeding rs. 3.5 lacs in view of recent amendment of ceiling of gratuity amount to PSU employees.
Do you feel it is the right time to enter in to mutual funds ? Please do not suggest any equities.
The advertised tax return is 8% but on my 6-year maturity certificate it is only written Rs.8005 on maturity. It was originally printed as Rs.10,005 but they have striked it and written Rs.8005. Why is it so low?
I still don’t get it. If it is 8% compunded half yearly for 6 years then it should be
5000 * (1.08)^12 = 12590