Here at EquityPandit.com we will discuss complete tax saving plan. But before proceeding further about Tax saving, lets see how much tax you will have to pay !

 

There are 5 types of relief available:

§         Section 80 C

§         Section 80 CCC

§         Section 80 CCD

§         Section 80 D

§         Section 80 E

 

Section 80 C:

• Cannot exceed Rs.1,00,000
• Sum may be paid or deposited at any time during the year
• No limits for various items specified u/s. 80C. Therefore, an assessee may opt to invest even in only one item say insurance premium
• Premium or other payment made on insurance policy not in excess of 20% of actual capital sum assured
• Tuition Fee for any two children of the assessee
• Principal repayment on loan borrowed for acquiring commercial property is not eligible
• Residential property under construction for which principal has been repaid does not qualify for deduction
• Repayment of principal on loan borrowed for residential house (whether let-out or self occupied) only is entitled for deduction.
• Where the loan is availed for any addition, alteration, repair or renovation no deduction can be claimed for principal repayment
• Repayment of loan borrowed for housing from relatives, friends, non-specified employer / institution are not eligible for deduction.
• However, any interest paid on such loan borrowed is deductible under section 24, while computing income under the head “House Property”
• Fixed Deposit in Banks must be for 5 years
• Five year time deposit in an account under Post Office Time Deposit Rules, 1981.
• Deposit in an account under the Senior Citizens Savings Scheme Rules, 2004

 

Section 80c popular choices:

§         Mutual Funds

§         Insurance

§         ULIP

§         Principal repayment of Housing Loan

§         Tuition fee – paid for children (own, adopted, step) for full time education in India.

                               [Note: Tuition fee paid for grandchildren is eligible for deduction for the HUF]

§         Fixed Deposits in Banks (5 years)

§         NSC – National Savings Certificate

§         PF – Provident Fund [SPF, PPF, RPF]

§         10 year Post Office Savings Bank (CTD)

§         Stamp Duty and Registration Charges

 

Section 80CCC and Section 80CCD - Pension-No Tension!

80CCC-Contribution to pension scheme

• Rs.1,00,000 (outer limit)
• Disallowance on cancellation or lapse
• All withdrawals are taxable on surrender / maturity

80CCD-Contribution to CG pension scheme

• 10% of Salary (Basic + DA)
• All withdrawals are taxable on surrender / maturity

 

Section 80D - Health is wealth (literally)!

80 D – Contribution to Medical Insurance Schemes

• Rs: 15,000
• Self + Spouse + Dependent Children + Dependent Parents
• Rs: 20,000 for senior citizens
• Now, an additional deduction of Rs: 15,000 (Rs: 20,000 if parents are senior citizens) is available to an individual for payment of medical insurance premium for parents.

 

Section 80E - It’s good to study!

80 E – Repayment of Education Loans

• Only Interest is eligible for deduction
• No Limit
• Deduction eligible for initial year and immediately succeeding seven years
• Deduction eligible for repayment of education loans made for spouse or children

Third Quarterly results for December 2008 have been disclosed for few companies on Friday, January 30, 2009. The list of all companies that have disclosed their third quarterly results today are displayed below. 

Aban Offshore:

Aban Offshore has declared Qtr Ending December 2008-2009 results. The company’s consolidated net profit has rose 255% at Rs 256 crores as compared to Rs 62 crores. Its consolidated other income was at Rs 162.3 crores Compared to Rs 31.8 crores.

Adani Enterprises:

Adani Enterprises has announced its Qtr Ending December 2008-2009 results. Its Q3 consolidated net profit rose 8.1% at Rs 131.32 crores as compared to Rs 121.72 crores (Year over Year).

Allied Digital Services:

Allied Digital Services has announced Qtr Ending December 2008-2009 results. The company’s net sales were at Rs 96.3 crores  compared to Rs 79.3 crores. Its net profit was at Rs 18.6 crores compared to Rs 12.1 crores.

Apollo Hospital:

Apollo Hospital has come out withQtr Ending December 2008-2009 results. Its Q3 standalone net profit went up 12.16% at Rs 29.5 crores from Rs 26.3 crores (Year over Year).

Balrampur Chini:

Balrampur Chini has announced its first quarter numbers. It has announced Q1 standalone net profit of Rs 51.3 crores compared to net loss of Rs 6 lakh in same period of last year.

BEML:

BEML has announced its Qtr Ending December 2008-2009 results. Its Q3 standalone net profit went down at Rs 58.74 crores Compared to Rs 59.24 crores (Year over Year).

Bhansali Engineering Polymers:

Bhansali Engineering Polymers has announced its Qtr Ending December 2008-2009 results. Its Q3 net sales were at Rs 33.84 crores Compared to Rs 57.9 crores.

Binani Cement:

Binani Cement has announced its Qtr Ending December 2008-2009 results. Its Q3 net sales were at Rs 362.4 crores compared to Rs 233.3 crores.

BL Kashyap & Sons:

BL Kashyap & Sons has announced its Qtr Ending December 2008-2009 results. Its Q3 net sales were at Rs 357.5 crores compared to Rs 405.8 crores.

C and C Constructions:

C and C Constuctions has come out withQtr Ending December 2008-2009 results. It has announced Q3 net profit of Rs 8.45 crores.

Ceat:

Ceat has announced its Qtr Ending December 2008-2009 results. It has announced Q3 net loss of Rs 21.6 crores.

Deccan Chronicle Holdings:

Deccan Chronicle Holdings has announced Qtr Ending December 2008-2009 results. The company’s Q3 net profit went down by 75%  at Rs 25.7 crores Compared to Rs 103 crores.

Dwarikesh  Sugar:

Dwarikesh Sugar has come out withQtr Ending December 2008-2009 results. It has announced Q3 net profit of Rs 4.6 crores on the back of net sales of Rs 122 crores.

GE Shipping:

GE Shipping has announced Qtr Ending December 2008-2009 results. The Q3 standalone net sales were up at Rs 728.77 crores compared to Rs 653.32 crores, YoY.

GMR infrastructure:

GMR Infrastructure has announced its Qtr Ending December 2008-2009 results. It’s Q3 net profit declined by 34% at Rs 40.8 crores as compared to Rs 64.1 crores last year.

Hindalco:

Hindalco has declared Qtr Ending December 2008-2009 results. The company’s Q3 net profit was at Rs 544.8 crores Compared to 542.7 crores, YoY.

Indiabulls Real Estate:

Indiabulls Real has announced Qtr Ending December 2008-2009 results. The company’s Q3 consolidated net sales were up at Rs 38.95 crores compared to Rs 81.56 crores, Quarter over Quarter.

IOB:

IOB has declared Qtr Ending December 2008-2009 results. The company’s Q3 other income was at Rs 551 crores compared to Rs 219 crores.

IOC:

IOC has announced Qtr Ending December 2008-2009 results. The company’s Q3 standalone net profit rose by 41.1% at Rs 2958.59 crores Compared to Rs 2090.69 crores, YoY.

Ispat:

Ispat has announced Qtr Ending December 2008-2009 results. The company’s Q3 standalone net loss at Rs 651.7 crores Compared to net loss of Rs 26.7 crores, Quarter over Quarter.

IVRCL Infrastructures:

IVRCL Infrastructure has announced its Qtr Ending December 2008-2009 results. Its Q3 net profit went down at Rs 46.5 crores from Rs 64.1 crores.

Kitply Ind:

Kitply Ind has announced its Qtr Ending December 2008-2009 results. Its Q3 net sales were at Rs 20.5 crores compared to Rs 8.4 crores.

Lanco Infratech:

Lanco Infratech has announced Qtr Ending December 2008-2009 results. The company’s Q3 consolidated net sales were up at Rs 1,300.11 crores compared to Rs 778.15 crores, YoY.

Larsen and Toubro:

Larsen and Toubro has declared Qtr Ending December 2008-2009 results. The company’s profit after tax, PAT (excluding extraordinary) was up at Rs 604.1 crores compared to Rs 481 crores. Its profit before tax stood at Rs 911 crores.

LT Foods:

LT Foods has declared Qtr Ending December 2008-2009 results. The company’s net sales were at Rs 276.4 crores compared to Rs 257.4 crores. Its net profit was at Rs 1 crores compared to Rs 8 crores.

McNally Bharat Engineering:

McNally Bharat Engineering has announced its Qtr Ending December 2008-2009 results. The company announced Q3 PAT up 1 Percent Rs 5.61 cr Compared to Rs 4.95 crores. Its net sales were at Rs 232.19 crores compared to Rs 118.13 crores.

MTNL:

MTNL has declared Qtr Ending December 2008-2009 results. The company’s Q3 standalone net sales were up at Rs 1,132.26 crores compared to Rs 1,204.92 crores, Quarter over Quarter.

Mundra Port:

Mundra Port has declared its Qtr Ending December 2008-2009 results. Its Q3 net profit went up by 97%  at Rs 101 crores from Rs 52 crores.

Network 18 Media & Investments:

Network 18 Media & Investments has come out withQtr Ending December 2008-2009 results. It has announced Q3 consolidated net loss of Rs 44.08 crores as against net loss of Rs 46.53 crores (Quarter over Quarter).

Nirma:

Nirma has announced its Qtr Ending December 2008-2009 results. Its Q3 net sales were at Rs 739.3 crores compared to Rs 575.6 crores.

OBC:

OBC has announced Qtr Ending December 2008-2009 results. The company’s Q3 net profit was at Rs 252.2 crores Compared to 138.5 crores, YoY.

Omax Autos:

Omax Autos has announced its Qtr Ending December 2008-2009 results. Its Q3 net sales were at Rs 189.3 crores compared to Rs 174.3 crores

Panacea Biotech:

Panacea Biotech has declared Qtr Ending December 2008-2009 results. The company’s net sales down 22 Percent at Rs 175 crores Compared to Rs 226 crores. Its net loss at Rs 18 crores compared to net profit Rs 28.93 crores.

Patel Engineering:

Patel Engineering has announced its Qtr Ending December 2008-2009 results. Its Q3 consolidated net profit was down at Rs 39.7 crores from Rs 41.1 crores (Year over Year).

Procter and Gamble Hygiene and Health care:

Procter and Gamble Hygiene and Health Care has announced its second quarter numbers. Its Q2 net sales were at Rs 226.1 crores compared to Rs 194 crores.

Punjab National Bank (PNB):

Punjab National Bank has declares Qtr Ending December 2008-2009 results. The company’s Q3 standalone NII was up 38.12% at Rs 1,967.4 crores compared to Rs 1,424.4 crores, YoY.

Pyramid Saimira:

Pyramid Saimira has declared Qtr Ending December 2008-2009 results. The company’s Q3 net loss of Rs 74.7 crores Compared to profit of Rs 29.8 crores.

Roman Tarmat:

Roman Tarmat has declared Qtr Ending December 2008-2009 results. The company’s net sales were at Rs 32.9 crores compared to Rs 26.4 crores. Its net profit was at Rs 2 crores compared to Rs 1.91 crores.

Siemens:  

Siemens has announced its first quarter numbers. Its Q1 net profit has gone up at Rs 330 crores from Rs 197 crores.

EquityPandit.com brought few data for you regarding some of the biggest Indian real estate companies. Let’s go through these data and analyze the future of these companies.

 

 

COMPANY	DEBT (Rs Mn)	Networth (Rs Mn)	Gross Debt/ Equity	Cash (Rs Mn)	Net Debt (Rs Mn)	Net Debt/ Equity
DLF	1,46,731	2,41,130	0.6	13,326	1,33,405	0.6
Puravankara	8,050	13,251	0.6	374	7,676	0.6
HDIL	39,478	42,209	0.9	3,494	35,984	0.9
Parsvnath	21,344	19,856	1.1	3,887	17,457	0.9
Omaxe	20,500	14,140	1.4	3,266	17,234	1.2
Sobha	19,000	9,882	1.9	1,456	17,544	1.8
Unitech	1,00000	43,827	2.3	10,000	90,000	2.1

 

 

Now what do you analyzed?

 

By these data we can easily analyze that:

 

-          DLF has enough net worth and cash against debts it has.

-          Puravankara again have enough net worth and cash against its debts.

-          HDIL and Parsvanath net worth and cash are minutely more than the debts it has.

-          Omaxe and Sobha developers net worth and cash are very less than debts it has.

-          Unitech, second biggest real estate company in India, has very little worth and cash against its debts.

 

Outcome of analysis:

 

-          DLF: You can undoubtedly invest for long term in DLF as company has enough cash and worth to sustain.

-          Puravankara: You can invest for long term.

-          HDIL and Parsvnath: Don’t invest at this time, wait, wait and wait.

-          Omaxe and Sobha developers : Not very good companies to invest in for long term.

-          Unitech: It may be good for day trading, but not for long term investments.

 

 

Larsen and Toubro (L & T) net profit rose by 215% as compared to last year net profits. L&T reported net profit of Rs 1520.44 (including profit after tax: Rs 604.11 crores + Extraordinary profits: Rs 916.33 crores) for the quarter ended December 31, 2008 as compared to Rs. 481.79 crore in the same quarter last year. Company’s profit after tax rose to Rs. 604.11 crores as compared to Rs. 481.79 crores last year.

 

Net Sales of the engineering major L&T stood at Rs. 8593.96 crore for the quarter ended Dec. 31, 2008 against Rs. 6382.68 crore in the quarter ended Dec 31, 2007, a growth of 34.64 per cent.

 

   

 

Third quarterly results of following companies are going to be disclosed on Friday, January 30, 2009. The list includes many big companies which would direct Indian stock market according to their quarterly results.

COMPANY	COMPANY
A K CAPITAL	INDIA GEL CH	REMI METALS
A V COTTEX I	INDIA LEAS D	REMI PROCESS
ABAN OFFSHO	INDIA NIVEH	REMI SECURIT
ABG INFRALOG	INDIACO VEN	RENUKA SUGAR
ABHINAV CAP	INDIAN EXTRA	RESURGERE
ABIRAMI FIN.	INDIAN OIL C	RIBA TEXTILE
ABL BIOTECHN	INDIAN OVERS	RICHA IND
ACCEL FRONTL	INDO ASI FIN	RICHIRIC AGR
ACE INDIA LT	INDOCITY INF	RICO AUT IND
ACI INFOCOM	INDOCO REM	RICOH INDI L
ACKNIT IND	INDRA GAS	RIDD SID GLU
ACTION FIN	INDRAYAN BIO	RIDS SECURIT
ADANI ENTER	INDTRADECO L	RIGA SUGAR C
ADARSH PLA P	INDUS NETWRK	RIT PRO IND
ADHUNIK MET	INFO DRIVE S	ROCK HARD PE
ADITYA GEARS	INFORMED TEC	ROOPA INDUST
ADITYA ISPAT	INNOCORP L	ROSE ZINC LT
ADLABS FILMS	INNOVA FOOD	ROSELABS LTD
ADOR FONTECH	INSUTEC INDI	ROTAM COMM.
AEGIS LOGIS	INTEDIGITAL	RTS POWER CO
AFTEK LTD	INTEGRA HIND	RUCHI INFRST
AHLCON PAREN	INTERN COMB	S.B.T INTERN
AHLUWALIA CO	INVICTA MED	S.R.OILS
AHMEDA STEEL	iPOWER SOLS	S.S.ORGANICS
AHMEDNAGAR F	ISHWARSHAKTI	S.V.ELECTRIC
AI CHAMPDNY	ITL INDUSTRI	SAAG RR INFR
AIMCO PESTIC	IVR PRIME	SAARC NET
AKANKSH FINV	IVRCL INF PR	SABOO SOD CH
AKSHARCHEM I	IYKOT HITEC	SAGAR SYSTEC
ALAGENDRAN F	J.J.FINANCE	SAHARA HOUSG
ALBERT DAVID	JAGSONPAL FI	SAHIL FINANC
ALCH CORP	JAI MATA GLA	SAINT-GOBAIN
ALFA TRANSFR	JAIN IRRI SY	SAKSOFT LTD
ALKA INDIA	JAIN STUDIO	SALZER ELEC
ALNA TRAD.	JAINCO PRO I	SAM INDUSTRI
ALOK INDUSTR	JALGAON RE-R	SANTOS FINEF
ALPS INDUST	JAY NECO IND	SARDA PAPERS
ALUM IND EX	JAYSYN DYEST	SARDA PLYW I
AMAR REMEDIE	JCT ELECTRON	SAT IND LTD
AMBIKA COTON	JEET MACHINE	SATHAVAHANA
AMRUTANJAN*	JEYPORESUGAR	SATYAM SILK
AMTEK AUTO L	JINDAL POLFM	SAVANI FINAN
AMTEK INDI L	JM FINANCIAL	SAYA HOUSING
ANG AUTO	JMD TELEFILM	SAYAJ HOTELS
ANIL SP STEL	JMT AUTO LTD	SBEC SUGAR
ANJANI SYNTH	JOINDR CAP S	SCENARIO MED
ANNA INFRA	JOYREALTY	SCIL VENTU
ANSHUNI COM.	JPTSECURITIE	SCINDIA
ANUH PHARMA	KABRA EXTRUS	SE ENT SOLNS
APEEGO LTD	KAIRA CAN CO	SEASONS FURN
APM INDUSTRI	KAISER PRESS	SEASONS TEXT
APOLLO FINVE	KAJARIA CERA	SEJAL GLASS
APOLLO HOS E	KALE FILMS	SEL MANUF
APPLE CREDIT	KALIN RAIL N	SELLAIDS PUB
APPLE FINANC	KALPAT POW T	SETCO AUTO
ARCOTECH LTD	KALPTARU	SH RAJA SYNT
AROW COAT PR	KAMPER CONCA	SH.CHOLOCHEM
ARSHYIA INTL	KAMRON LAB.	SH.PRECOATED
ARVIN REMEDI	KANSAL FIBRE	SHAKTI MET-D
ASAHI SONG	KARTIK INV	SHANTHI GEAR
ASHIMA LTD	KARUTURI GLO	SHARYAN RESO
ASHIRW STE I	KAVERI SEED	SHERATON PRO
ASHIS POLYPL	KDL BIOTECH	SHIV.SUIT
ASIAN HOTELS	KEC INTERN	SHIVA CEMENT
ASKME IN HU	KENNAMETAL	SHIVALI BIME
ASSO.ALCOHOL	KERNEX MICRO	SHIVAM AUTO
ASSOC.MARMO	KG PETROCHEM	SHIVVANI OIL
ATHARV ENT	KGN IND LTD	SHLOKA INFO
ATLAS CYC HR	KHAITAN ELCT	SHR GANE SPI
ATN INTER	KHANDWA SECU	SHR KRISH PA
AURIONPRO SO	KHATAU EXIM.	SHR RAJES PA
AUROBINDO PH	KHODAY INDIA	SHR SHAK LPG
AUSTRAL COKE	KIDUJA INDIA	SHREE SURGO
AUTOLITE IND	KILITCH DRUG	SHREENATH
AVANTEL LTD	KIRAN PRIN P	SHRI BAJRANG
AVERY.INDIA.	KIRI DYES	SHRI KRISH
AVON MERCANT	KLG CAPI SER	SHYAM SOFT I
AXIS CAP MKT	KLK ELECTRIC	SI CAP.&FINA
B & A LIMITE	KMF BUILDERS	SIEL FIN SER
BABA ARTS	KOA TOOL IN	SIEMENS LTD
BAG FIL MED	KOHINOOR BRO	SIMMOND MARS
BAGADIA COLO	KOHINORFOODS	SIMPLEX CAST
BAGALKOT UDY	KOPRAN LTD.	SIMPLEX PROJ
BAJ HIN SUG	KRISHN ENG W	SINNAR BIDI
BAJAJ GLOBAL	KRISHNA DEEP	SIRDA CARB G
BAJRANG FIN.	KRISHNA FILA	SIYAR SILK M
BAL PHARMA L	KRITI INDUST	SM DYECHEM
BALAJI DISTL	KSE LIMITED	SM ENERGY TE
BALASORE ALL	KSHITIJ INVE	SMRUTHI ORG
BALMER LAWRI	KUBERKAMAL	SNOWCEM INDI
BALRAMPUR C	L N POLYESTE	SNS TEXTILES
BAMPSL SEC	LADDERU FINA	SOMA PAP IND
BARAK VALL	LAFAN PETROC	SOMA TEX IND
BASANT AGROT	LANCO INFRA	SOUTHBIOTEC
BASIL INF	LARSEN & TOU	SPECTR FOOD
BELL CERAMIC	LAXMI AUTOLM	SPECTRA INDU
BEMCO HYDRAU	LCC.INFOTECH	SPEEDADE COM
BEML LTD	LEAD FINANC	SREE SAKTHI
BENGAL TEA F	LEDO TEA COM	SRI RAMK.MIL
BENTLEY COMM	LEENA CONS.	SRI SARBATI
BERGE PAINT*	LGS GLOBAL	SRINI SH PRO
BF UTILITIES	LIBORD INFO	STAR PAPER
BHAGWAT GASE	LIBORDS SECU	STD.MED.PHAR
BHARAT GEAR	LLOYD ELE EN	STELCO STRIP
BHARATI SHIP	LLOYD FINANC	STEP TWO COR
BHARTIYA INT	LLOYD STEEL	STER HOL RES
BIHAR SPON I	LOHIA SECURI	STERL.GUARA.
BIJOY HANS	LOK HOUSI CO	STI INDIA LI
BILCARE LT	LOKESH MACH	STOVEC INDUS
BIN.TEX.PR(P	LYKA LABS	STR GRE WOO
BINANI INDUS	M M FORGINGS	SU-RAJ DIAMO
BIO WHGO IND	MACKINNON	SUASHIS DIAM
BIRL TRA CAR	MAHALAX RUBT	SUAVE HOTEL
BISLERI GUJ	MAHANAG TELE	SUB PROJECTS
BITS LIMITED	MAHARASH SEA	SUBH SILK MI
BKV INDUSTRS	MAHASHREE	SUBHKAM CAP
BLB LIMITED	MAKERS LABOR	SUBROS LIMIT
BLUE BLEND	MALAB TRAD C	SUBWAY FIN.
BNR UDYOG LT	MALU PAPER	SUGAL DAM
BODAL CHEM	MANG SOFT-TE	SUMERU IND
BOMBA SWA ST	MANOJ HOU FI	SUMMIT SEC
BOMBAY DYEI	MARATHON NEX	SUN IR STEEL
BOMBAY PAINT	MARSO POW IN	SUN PHARMACE
BOMBAY POLYM	MARSON LTD	SUNDARAMMUL
BRILLIANT SE	MARUTI SECUT	SUNITE CHEMI
BSE INFRA	MASTER TRUST	SUNRAJ DIA E
C & C CONSTR	MATHEW EASOW	SUPER BAKE I
C J GELATI P	MAVENS BIO	SUPER FORG S
CABLE CORP I	MAWANA SUGAR