These days a lot more families vacation abroad. While this is the perfect opportunity for enjoyment, there is a clear need to protect the family from risks that may be merely inconvenience, like the loss of a passport or something more serious like a member of the family falling ill and needing hospitalization. To be prepared for any crisis STAR Health offers financial protection under Family Travel Protect Insurance Policy.
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People who travel very often are exposed to several risks as they have to acclimatize themselves to variations in weather, food and schedules. STAR Health
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Tax Benefit
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INCOME-TAX AND TAX BENEFITS FROM LIFE INSURANCE
A] INCOME-TAX RATES FOR ASSESSMENT YEAR 2010-2011 (FINANCIAL YEAR 2009-2010)
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| Income Slabs | Tax Rates Nil |
| Individual & HUF below age of 65 years |
Woman below age of 65 years |
Individual above age of 65 years |
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| Income upto Rs.1,60,000 |
Income upto Rs.1,90,000 |
Income upto Rs.2,40,000 |
Nil |
| Rs.1,60,001 to Rs.3,00,000 |
Rs.1,90,001 to Rs.3,00,000 |
Rs.2,40,001 to Rs.3,00,000 |
10% |
| Rs.3,00,001 to Rs.5,00,000 |
Rs.3,00,001 to Rs.5,00,000 |
Rs.3,00,001 to Rs.5,00,000 |
20% |
| Above Rs.5,00,001 |
Above Rs.5,00,001 |
Above Rs.5,00,001 |
30% |
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| Education Cess : An additional surcharge called as ‘Education Cess’ is levied at the rate of 2% on the amount of Income tax and surcharge (if any) in all cases shall be levied. |
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A loan is a sum of money borrowed from a lender, which is to be repaid after a specified period of time with interest charges.A loan agreement takes place between a borrower and a lender. Repayment of the loan depends upon the contract agreement terms.Loans are usually acknowledged by promissory notes, bonds, and other types of securities.
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