Personal Finance

money

All about Kisan Vikas Patra (KVP) | Interest Rate @ 7.6%

Kisan Vikas Patra (KVP) which was discontinued in Dec 2011 has been again reintroduced in the Budget 2014 which was presented by Arun Jaitley. This instrument was earlier discontinued due… Read more

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Section 80C: Deduction for Children School/Education Fee

To promote education in India, the govt allows for Income Tax Deduction under Section 80C & Section 80E. Deduction under Section 80C is allowed for payments made by self and… Read more

children

Income Tax Deductions for expenses incurred on Children

An Individual incurs various expenses for proper upbringing of their children. Some of these expenses can also be claimed as an expense under the income tax act and will help… Read more

KVP

Kisan Vikas Patra: 4 Reasons not to invest in this

Kisan Vikas Patra (KVP) has been reintroduced in Budget 2014 which was earlier discontinued in the year 2011. The Kisan Vikas Patra which is a fixed income earning instrument and… Read more

Debt Mutual Funds vs Equity Mutual Funds

A Mutual Fund is a professionally organised fund which collects money from the public and then invests this money in those instruments for which it has raised funds.  There are… Read more

What are Debt Funds? Debt Fund vs Fixed Deposit?

Debt funds have become very popular in the past few years and many people had started shifting funds from Fixed Deposit to Debt Funds as the tax levied was very… Read more

public-provident-fund

PPF Account and PPF Interest Rate @ 7.9%

We all have heard a lot about PPF Account and seen our parents make investment but what is PPF Interest Rate in India and what are the benefits of investing… Read more

income from house property deduction

Income from House Property: Deductions allowed

The rent received from any property (whether commercial or residential) is taxable as Income from House Property and deductions are also allowed from such income. The manner of computation of… Read more

zero-depreciation

Zero Depreciation Car Insurance & Benefits in India

Zero Depreciation Car Insurance in India seems to have come as a blessing in disguise at a time when the no. of accidents happening on Indian roads is increasing significantly… Read more

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NRI Account in Indian Banks – NRE, NRO, FCNR Account

With the Interest Rates in India being significantly higher side as compared to other developed Countries like the US, UK, Canada etc., many Indians staying in these countries prefer to… Read more