Whether you are planning on buying a house, embarking on a new career path or just drawing lines for your children’s future, this hoary advice rings your ears: “Do your best, but be prepared for the worst.” Of course, you have paid heed to it and that’s the reason why you have bought insurance policies. You… Read More »
March is that time of the year when you’re no different from a headless chicken. Only, you’re running around pecking at investments to save tax at the last minute. A mere week away from the deadline of 31st March 2015, diligence finally overpowered procrastination and I sat down to take care of my taxes. The… Read More »
Some habits die hard. One such habit is jumping out of your seat when you get a rude shock. Jeevan, a senior editor with a media group, did just that – jump out of his seat – when he received a call from the accounts department telling him that he would receive only 40% of… Read More »
Of late, consumers and enterprises in India have been feeling a lot like Aussie bowler Mitchell Johnson in the recent AUS-NZ World Cup face off. If Johnson was left battered after having ducked blow after bludgeoning blow from Kiwi batsman McCullum’s willow, Indian taxpayers find themselves doing some ducking of their own. For, they end… Read More »
Today, the Aam Aurat too wants the Finance Minister to pay heed to her evolving needs this budget. Keeping up with voice share of women in all kinds of media and forums, the emphasis on financial empowerment of women is conspicuous in the previous few Budgets. This has contributed significantly to the well-being of the… Read More »
Just like everyone wants to go to heaven but no one wants to actually die, all of us would want to get our incomes increased and want to stay away from tax. However, it is good news for at least for that there are certain incomes for which you need not pay tax! The Indian… Read More »
As the year draws to a close, looking back at the overall financial report of the year gone plays an important role in effective financial management. The end of the year gives us a perfect time and opportunity to check the financial books to asses tax strategies for the current financial year. Exploring tax saving… Read More »
Returns on investment options like PPF and NSC lowered, by interest rate cutting of 0.1% The government of India, amidst an environment of change and reform, has given the consumer another jolt, with the reduction of the interest rates for popular investment options and schemes. The interest rate for Public Provident Funds (PPF) and… Read More »
The deadline for filing income tax returns is 31st of July for years when the financial year ends on 31st March. Despite this deadline being an extremely familiar and well known one, many people still miss it for a variety of reasons. Reasons may be genuine problems or simple procrastination for missing this deadline. In… Read More »
The most significant advantage of a joint home loan is the increase in home loan eligibility. Incomes from all joint home applicants are pooled in to enable the applicants to obtain a higher loan amount towards purchasing their dream home. All the joint home applicants are eligible for tax rebates under Section 80 C for… Read More »