India : Free Tax Calculator for Salaried Individuals !!!

Please refer to,

http://www.ynithya.com/taxcalc/

Good job Nithyanand !

Looking for Financial Planning tool

I have been looking for a Financial Planning tool which helps to find,

1. Amount I need to invest today based on expected amount after "n" years
(assuming x% annual returns in each investment type)

Please let me know if you have one.

No Entry Load for the MF schemes

SEBI made an announcement last week.
It said:
"Transparency in payment of commission to Mutual Fund distributors:
There shall be no Entry Load for the schemes, existing or new, of a Mutual Fund. The upfront commission to distributors shall be paid by the investor to the distributor directly. The distributors shall disclose the commission, trail or otherwise, received by them for different schemes/ mutual funds which they are distributing or advising the investors.".

http://www.moneycontrol.com/india/news/mf-news/sebi-scraps-entry-load-for-mfs-cuts-feesintermediaries/402314

This has *not* come to effect as of date (according to MF Distributor thru whom
I have buying MFs).

The Residex - Index to track Residential Property prices !

http://www.nhb.org.in/Residex/About_Residex.php

http://www.nhb.org.in/Residex/Data&Graphs.php

Making sense of financial statements

Related article in rediff :

http://business.rediff.com/report/2009/jun/15/perfin-making-sense-of-financial-statements.htm

Its time to file Income Tax returns

Good article is this context :

http://business.rediff.com/report/2009/jun/15/perfin-file-tax-returns-in-3-easy-steps.htm