“If you think education is expensive, try ignorance”. This quote is often repeated to encourage people to opt for education. It has never been truer than today. Education indeed, has become expensive. The rising cost of education Consider this; engineering education used to cost about Rs. 5,000 to 25,000 per year 10 years back. Today… Read More »
Pavitra received Rs. 3.5 Lakhs from the sale of a family property in her native place. She has a housing loan of Rs. 30 Lakhs for which she is paying a monthly EMI of Rs. 35,000. She has completed 2 years of the 7 years of the loan tenure. Pavitra is thinking about repaying a… Read More »
Following the increasing incidence of card frauds, Reserve Bank of India (RBI), the banking regulator of India had come out with a regulation on Feb 28th 2013 directing banks to replace all magnetic strip based credit and debit cards used for international transactions with chip based credit and debit cards. RBI had said that cards… Read More »
It depends upon the company’s management to decide who gets how many options. But as a general guide, people in higher management are offered more options. Sometimes people in special projects which brought the company more profits are offered more options. Suzlon, as discussed earlier has given equal number of options to all its employees.… Read More »
Filing tax returns is an annual activity which must be fulfilled as a moral and social obligation by every citizen of this nation. This is a means for the government to determine the amount and means of expenditure of the citizens and also provides a platform for the assessee to claim refunds and other forms… Read More »
Personal loans are being availed today by thousands of earning professionals to meet various requirements in their lives. The ease and simplicity associated with the personal loan along with no restrictions on the end usage makes it extremely popular option to raise funds when there is an urgent need. There are many doubts in… Read More »
Usually a family comprises of a person who works and earns money for the family and also people who are dependent on him/her. They may not have any means of earning money and it is the responsibility of the breadwinner to secure his family in the case of any unforeseen tragedy or his untimely demise.… Read More »
Planning for retirement and doing something about it is something that most youth and elders detest. For the youth there is no incentive to plan for something that will come up 35 years later. For the elders, the fear that they may not have enough money in their last phase of life prevents them for… Read More »
The Iyers had a simple formula – If they earned Rs. 100/- whether Raghu’s salary or Radha’s freelance income Rs.30.00 went towards investments. Of this – Rs.10 went to long term saving, Rs.10 went to short term (1-2 years) needs and Rs.10 went to build an emergency corpus. After a couple of years they had… Read More »
Real estate transaction including the purchase and selling of all types of lands barring one, gets costlier; TDS now deductible for transactions exceeding INR 50 Lac. The Central Board of Direct Taxes just made the already complex real estate transactions a lot more complicated, by implementing TDS on the selling of an immovable property valued… Read More »