2014 November

Although our current peak income tax rates are at a very reasonable 30% level, it would surprise a few to know that in the 70s they were at a ridiculous 90% plus. I think our attitude to income tax is a legacy of those times. The majority of us would invest our money anywhere without understanding the merits of investment, if we were told that the investment would save tax. A case in point. A few years back there was a tax saving option under a sec called 80ccc. This could be availed only by investing in Pension schemes. A […]