First let us have a look at the personal tax for the year 2011-2012
Heads of Income
There are five heads of income that are taxable: Continue reading
Personal Income Tax rates for the year 2011 – 2012
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ELSS Tax Benefits | Savings
Equity linked saving schemes Or ELSS is a diversified mutual fund with tax benefit.
If you invest in Equity linked savings scheme you get a tax rebate up to 1,00,000/- (One Lakh rupees) under section 80C The returns of ELSS are currently one of the best. In the three years, ELSS has generated an average of 40% annualized basis that means if you had invested Rs. 10,000 3 years back it would have grown to around Rs. 27,000 in three years Continue reading
Why Personal Loan
Why take Personal Loans
Personal loans are generally taken for various reasons such as to pay off a high interest credit card, to fund the down payment or furnishing of your dream home or a sudden unexpected expense like a marriage or a vacation or your childs higher education or just to finance that dreams of yours. One of the easiest ways to fulfill these wishes is by taking a personal loan from a bank or a loan from a private lender. Continue reading
Personal Loan Eligibility
Personal Loan Eligibility Criteria and Document Requirement
The eligibility for a personal loan depends largely on weather you are salaried or self-employed.
If you are a salaried individual these are the personal loan eligibility criteria Continue reading
Insurance Rider – What they mean
Insurance Rider – What they mean
Insurance Riders are additional benefits that you can opt for along with your basic life insurance plan for an extra amount. Adding insurance riders to your plans give you the benefit of increasing your risk cover in case of certain events happening.
To give you the flexibility to customize and enhance your cover, most insurance companies offer a set of riders which you may opt for along with your basic policy to help you shape your policy to suit your individual needs. Riders are for a lesser percentage then the base sum covered under the basic policy it is generally between 50% to 100% with a limit also imposed on what percentage of the base premium can be tge additional premium for the riders. Continue reading
Are you wealth for your age
A large part of feeling successful in life depends largely on if feel wealthy. Have you ever thought about if you are truly wealthy for your age? You can call yourself wealthy only if you can sustain your lifestyle even if you lose your source of income for a reasonable length of time. The great book millionaire next door first came out with a simplistic formula to find out if you are wealthy.
The simple formula is: Continue reading
8 Secrets of becoming rich
8 Secrets of becoming rich
There are no secrets great secret about getting rich most rich people began by paying themselves off first. Continue reading
Gold from / for your bank
Recently there has been a slew of advertisement for gold from your bank. What do banks get out of this? Banks have hit upon a new idea to empty your wallet faster under the guise of helping you buy gold from the most trustworthy source i.e. your local bank.
How many of us really buy gold for investment? Is it really investment? When was the last time you sold gold when you wanted money Continue reading