Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Union Budget 2012 – Infographic

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Union Budget 2012 – Infographic
(source: IBN Live)

Tax Slab

The new tax slabs are:

• Income up to Rs 2 lakh– nil
• Income between Rs 2 lakh to Rs 5 lakh – 10%
• Rs 5-10 lakh – 20%
• Above Rs 10 lakh – 30 %

Also interest of up to Rs 10,000 from saving accounts will be tax-deductible. And deduction of up to Rs 5,000 has been allowed for health checkups.

Budget Tax Saving for Male

Budget Tax Saving for Female

Budget Tax Saving for Senior Citizen

Budget Tax Saving for Very Senior Citizen

Source : Economic Times

Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

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