While switching jobs people sometimes forget to transfer their PF accounts. They leave it as it is and open a new account with the new employer. This results in creation of multiple accounts for the same person. This is a...
While switching jobs people sometimes forget to transfer their PF accounts. They leave it as it is and open a new account with the new employer. This results in creation of multiple accounts for the same person. This is a...
Brokerage is the commission charged by the broker who facilitates the trading. All trading platforms charge a fee as brokerage to provide a trading platform to the investor. Generally it is levied on every transaction. IntraDay Trading is a type...
Income Tax Clearance Certificate is a document issued by the Government of India validating that the person has duly paid all the taxes due and has no pending liability. When and Who needs an Income Tax Clearance Certificate? An Income...
I am sure owning a dream home is on the bucket list of May. But with a fixed salary and increasing inflation it seems like a distant dream. Buying a house is one of life’s biggest milestones and it takes...
There are some valuables that we think are the safest in a bank locker. Most people have this opinion that your valuables are 100% safe when kept in a bank locker. But before following the so called trend, have you...
Many people park their money in deposits and securities for investment purpose. And in times of financial emergencies there are only two options available, to borrow funds or liquidate the investments. While liquidating the assets, it is always a concern...
Yes, the free meal coupons like Sodexo are liable to tax. Our Income Tax law treats it as a free perquisite given by the employer to its employees and would be taxed if the value of the coupon exceeds Rs....
Personal Line of Credit is a form of borrowing just like personal loan, with added features. It is a mix of credit card and personal loan. It is a personal loan that acts more or less like a credit card....
Once you have discontinued service under employment, there are two things that you can do with your Provident Fund Account, If you are taking up employment in another company then you can transfer your existing Provident Fund Account to the...
No Tax is levied on the amount deposited and withdrawn from the Provident Fund account. This is because Provident Fund account comes under the EEE bracket i.e. Exempt on Investment, Exempted Interest and Exempt on Maturity. Although no tax is...