SUNDARAM BNP Paribas Mutual Fund has announced the launch of Sundaram BNP Paribas PSU Opportunities fund. The investment objective of this thematic fund is to seek capital appreciation by investing primarily in the equity and equity-related instruments of PSU companies across the cap curve and sectors. This is an openended equity scheme, with CNX PSE Index as its benchmark. The issue of units is at Rs 10 each during the New Fund Offer period (between November 25, 2009, and December 23, 2009).
The TDS rate doubles to 20% from 10% if you fail to mention your Personal Account Number IF you run a glance through your pay slip, you will come across something called TDS, which is tax deduction at source. In most cases, the employer deducts this amount at the time of payment of salary itself and pays the total tax amount to the government on behalf of all the employees. If you are a self- employed or practicing professional s, you have to pay this amount yourself. Tax deducted at source is one of the modes of income tax collection by the government. Under the income-tax laws, income tax at specified rates is required to be deducted while making certain payments. The rate of deduction of tax at source on interest and rent payment is 10%. For salary payments, the employers deduct income tax at source on a monthly basis after computing income tax liability on estimated annual taxable income of the employee. Tax benefits on housing loan, investments, etc are consid...
