It is mandatory to link AADHAR with PAN Number for filing returns from 01 July 2017. From this financial year tax payers can file their Income Tax returns only if their PAN Number is linked with their AADHAR Number. If the AADHAR number is not updated in the Income Tax Department Database linking with PAN, …
Small Savings Schemes Interest rates are on the down ward spiral. Finance ministry again slashed interest on these saving instruments by 0.1% (10 basis points). From the year 2016 government started reviewing interest rates on small savings schemes on quarterly basis. The aim of this is to keep the rates on these schemes inline with …
Small Savings Schemes Interest Rates Slashed [AGAIN] Read More »
KOTAK 811 with 6% Interest Rate Kotak Mahindra Bank came with a new creative disruptive account Kotak 811. It is aimed at increasing digital transactions. The best part is it costs Zero for investors to open the account. Requirements to open Kotak 811 Kotak 811 account can be opened with A valid AADHAR Number and …
Why one must Invest In Gold Sovereign Bonds issued by RBI on behalf of Government of India than choosing physical gold? I wrote about all the investment options in gold in India like Gold ETF, E-gold, Reliance My Gold Plan, Gold Mutual funds some time back. Now a new and better investment option for investors in …
Why Invest In Gold Sovereign Bonds- (PHYSICAL GOLD ALTERNATIVE!!) Read More »
Have You ever used thumb rules for financial planning, investment or any other quick decision in your day to day life? These quick to calculate formulas are useful for many situations we face in our daily life. For example how we calculate quickly how much time it takes our investments to double at a specific …
Thumb Rules For Financial Planning And Investments Read More »
Brokerage Calculator Updates are done in all the following calculators with increase in service tax from 12.36% to 14%. Although, the increase in service tax is announced during union budget, it is notified to be effective from 01 June 2015. Intraday Brokerage Calculator: For Intraday traders, this calculator is useful for quickly calculating their breakeven points …
Income Tax Calculator For the Assessment Year 2016-2017 for Individual tax calculation. Mr Arun Jaitley, Finance Minister of India Presented his first full fledged budget today (28 Feb 2015). There were huge expectations from tax payers from the budget like increase in tax exemption slabs, Higher deductions on interest for housing loans etc., But the …
Online Income Tax Calculator 2014 for Individuals : AY 2015-2016 Online Income Tax Calculator 2014 is for individuals who wish to calculate their income tax for the assessment year 2015-16. In the first budget of NDA Government, limits of tax exemptions are increased. The notable changes in the online income tax calculator …
Budget Highlights 2014 : Effect on Personal Finances and Investments of Individual Investors Budget highlights for the year 2014 are from the budget presented by Mr Arun Jaitely, Finance Minister of India on 10 July 2014. The most important tax relief given is raising income tax exemption limit from existing 2 lacks to 2.5 lacks. …
Calculation of House Rent Allowance (HRA) for AY 2014-15 Calculation of House Rent Allowance for Assessment Year 2014 is calculated based on the following 4 conditions. 1) Location 2) Salary (Basic Salary and DA) 3) House Rent Allowance (HRA) received from the organization and 4) Rent Actually paid during the year. Actual exemption of House …
