Though we have a lot of options for investments and one expense item (school fees) too, the limit to which the tax benefit can be got is only Rs.1 L. The investments can be in any proportion and there is no minimum amount that needs to be shown.In case the tax payer has invested cumulatively… Read More »
The common man and woman have many expectations from the finance minister every time the budget comes up and hence we dutifully put forth our expectations and hope Mr. Finance Minister acts like a good Santa and makes us happy.
Now, you might assume that the equal parts of the principal and interest is repaid to the financial institution every month, however this not the case. During the initial years the interest component repaid is higher and during the latter years of repayment the principal component is higher. So, if you think you have paid… Read More »
The New Pension Scheme is an investment option which will help an individual, plan for his or her retirement. The key difference between the old government pension scheme and the New Pension Scheme is that the old pension scheme was based on a defined benefit principle and the new pension scheme is based on a… Read More »
Often people opt for loans due to its ready availability without giving thought to their other financial commitments. Also, they fail to account for an emergency fund and a savings plan. This could fall into perspective once a summary of a person’s credit repayment is available in a single log.
There is a lot of difference in dividend from shares and dividend from mutual fund. The dividend from shares is given from the profit of the company. It shows the company’s robust performance and strong balance sheet. On the other hand, dividend from mutual fund is declared only to reduce the NAV of the fund.
As per RBI circular dated 14th May 2009. There are 926 branches all over India that have been entitled to accept the advance tax payments. Of these, 862 branches belong to public sector banks, 35 branches belong to HDFC, 19 are AXIS bank and 10 are ICICI branches. So you can walk into any of… Read More »
A refund banker is a scheme in which a particular bank has been sanctioned to issue refunds on behalf of the income tax department. State Bank of India is the authorized banker to this scheme. The refunds are issued in the form of cheques/drafts or ECS.
Now here is the big issue. Despite the company having received such a large number of bookings, the company’s current production is only 50,000 units. However this number is slated to increase once the company’s slated plant at Sanand (Gujarat) starts functioning. In the initial round, while 50,000 people would be allotted the car, the… Read More »
You should find out whether the coverage offered by the home insurance company is automatically adjusted as a protection against inflation otherwise he/she should review the policy. Also, you should ask for optional coverage if dwelling in areas frequently impacted by floods and/or earthquakes.