The Indian Govt is very friendly to senior citizens in financial matters and not only gives benefit of higher tax slabs to senior citizens but also gives them extra interest on govt deposits. One such deposit scheme of the Indian...
The Indian Govt is very friendly to senior citizens in financial matters and not only gives benefit of higher tax slabs to senior citizens but also gives them extra interest on govt deposits. One such deposit scheme of the Indian...
Current Account is an account in which there is no limit on the no. of transactions that can be done in a day and are therefore also referred to as Transactional Accounts. These type of accounts are held neither for...
In India there are 2 types of bonds through which the tax liability of a person can be reduced:- Tax Free Bonds Capital Gain Bonds Tax Free Bonds are the bonds on which the interest received is fully exempted from...
National Savings Certificate (NSC), Public Provident Fund (PPF) and Kisan Vikas Patra(KVP) are the most popular fixed income earning instruments which can be opened with a Post Office and also help in saving tax under Section 80C. In this article, we...
Demand Draft (also known as DD) is a pre-paid negotiable instrument, wherein the Bank by whom the Demand Draft has been made undertakes the responsibility to make full payment whenever the Instrument is presented for payment. In order to obtain...
With PPF Account giving a good return of 8.8% p.a., almost all taxpayers invest some portion of their income in PPF as not only is this investment deductible u/s 80C but the interest earned is also exempt. To know more...
In today’s world of increasing work pressure and stiff deadlines, many Individuals are not able to plan their taxes well and make use of all the Income Tax Rebates offered to them. But with the introduction of online banking, all...
A Common Mistake which people usually realise years after committing the same is the Mistake of opting for a wrong Health Insurance Provider. Many people opt for a Health Insurance Policy simply based on the Premium Payable without looking into...
A new private company which does not want to take finance from public markets may have their eyes on venture capital. Venture capital is provided to any business firm by those who are willing to invest in the projects that...
In a relief that has come to Home Loan borrowers, the Prepayment Penalty on Home Loans has been scrapped and abolished by the Regulator of Home Loans in India i.e. the National Housing Board (NHB) The Notification for Removing Pre-Payment...