Friday, February 22, 2013

Rajiv Gandhi Equity Savings Schemes RGEES

Rajiv Gandhi Equity Savings Schemes RGEES
The specifications of this scheme are:
  1. New investors with income below Rs 10 lakh can buy stocks up to Rs 25000 into direct equity market.
  2. The scheme will have lock-in period of three years.
  3. You get an income tax deduction of 50% of Rs.25000 (Rs 25000)
  4. Hold this investment for one year to save a tax over above 80c deduction (this is not included in 80c tax bracket)

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