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Please help
by Truthful on Mar 03, 2010 03:28 PM  | Hide replies

I have around 1 lac rupees. Which would be the best investment option? I have no problems in freezing this amount for 5-6 years but I need to have a guaranteed and maximum returns.


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ajay thakur
Re: Please help
by ajay thakur on Mar 03, 2010 03:35 PM
The moment u say Guranteed its difficult to suggest. If you want to take little risk then invest in the less risk mutual fund. Select a fund based on less risk search.

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rathnam v bala
Re: Re: Please help
by rathnam v bala on Mar 04, 2010 10:59 AM
If you want gauranteed returns and willing to freeze the amount for min. 5 years, then PPF is a good option...int. wud be 8-9% and matuarity amount after 5 years would be tax free..

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Chandrashekhar Kirtane
by Chandrashekhar Kirtane on Mar 03, 2010 12:30 PM

ECS facility for credit of interest is available at selected post office.

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When should one pay Tax.
by Hari on Mar 02, 2010 02:08 PM  | Hide replies

I have invested 3lac and get 24K every year but never payed any tax. Can someone tell me when and where should I pay the Tax.

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Sukumar Mehta
Re: When should one pay Tax.
by Sukumar Mehta on Mar 03, 2010 09:50 AM
Income tax office !!!!

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Re: When should one pay Tax.
by Kannan on Mar 03, 2010 09:45 AM
This 24K would be added to your other income and the total income and your other exempt income, if any,would decide your tax liability. If you are a regular salary earner, you could ask your DDO to deduct additional amounts towards your tax liability or you can pay the tax by of Self Assessment Tax through any of the notified bank branches.

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pandharinath prabhurajivadekar
PO does not earn anything for you
by pandharinath prabhurajivadekar on Mar 02, 2010 01:57 PM  | Hide replies

A person who is extra cautious about safty should go for post or else i feel its a useless investment. I had invested 6 lakhs in postal mis in 2004 which got matured in this month. After deduction of tax (Which I would be paying, no TDS ) I have left with earning of 5.6%. had I to invest this amount in any MIP of Mutual Fund my returns would have had been atleast 9 to 10 % tax free. So I feel the person who is ready to block his amount for six years should straight away opt for Mutual Fund MIPs with 20% equity. They will always get better returns thans post

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sandeep saxena
Re: PO does not earn anything for you
by sandeep saxena on Mar 02, 2010 02:04 PM
very well said in public interest

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Re: PO does not earn anything for you
by AK on Mar 03, 2010 09:32 AM
but in the Postal site i,ve read that the PO MIS interest is tax free...!

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RathindraNath Banerjee
computerisation in PO
by RathindraNath Banerjee on Mar 02, 2010 01:18 PM  | Hide replies

Even in this age also the PO services are yet to be computerised. what a tragedy! Who is behind it? Can PM do something about it?

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shyam pathak
Re: computerisation in PO
by shyam pathak on Mar 02, 2010 01:47 PM
I have invested in PO M.I.S.
The monthly interest is transfered to savings bank account by ECS. No problems

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Ketan Naik
Re: computerisation in PO
by Ketan Naik on Mar 02, 2010 02:22 PM
Shyam is correct, I am getting my interest via ECS without any problems for last 3 years. The author should verify the fact before writing.

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Atanu Chatterjee
Re: computerisation in PO
by Atanu Chatterjee on Mar 02, 2010 02:37 PM
As far as i know, very people are going for MIS these days, therefore its not quite prioritized. Rather making it computerized, the govt probably would think of phasing this out.

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cyril dsouza
post office monthly income
by cyril dsouza on Mar 02, 2010 01:07 PM

Post office has many schemes they also have computers and the services is the most lousiest. I don't blame the person at the counter but the higher ups in the hierarchy who sit tight and are not interested in improving the services.

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steady income
by MAHESH MOHARIR on Mar 02, 2010 01:00 PM  | Hide replies

Invest in balanced mutual fund

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Sukumar Mehta
Re: steady income
by Sukumar Mehta on Mar 02, 2010 01:58 PM
Mahesh, we are talking about risk-free investment. You must be aware that mutual fund is not risk-free.

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My God
Interest Income For Jobless people
by My God on Mar 02, 2010 12:48 PM  | Hide replies

if one does not have a steady job then one can invest in Post Office MIS, Bank FD, RBI Bonds to get regular steady income

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