Current financial year is coming to an end and its a right time to discuss various Income Tax exemptions and deductions to minimize tax outflow. One such exemption is House Rent Allowance or more popularly known as HRA. HRA is a salary component received by an employee from the employer. HRA is included in salary so that employee can take care of cost towards renting an accommodation. HRA is exempted from Income Tax under section 10(13A) of the Income tax Act, 1961 and Rule 2 of Income Tax Rules. In this post, besides discussing basics of HRA we will also discuss some not so known facts about ... Read More
5 Tips to Prepay Home Loan Faster
For any Home Loan Borrower, to prepay Home Loan is topmost priority. As i discussed in my earlier posts that Home Loan interest increase the overall cost of property. Some of my readers mentioned that they are availing tax deduction but they ignored the fact that they lost HRA (House Rent Allowance) component. At macro level, if your property is appreciating at 10% and at the same time you are paying 10% interest on Home Loan then net/real appreciation is NIL. Currently world economic crisis is keeping property prices under check. Instead of appreciation, property rates are decreasing in most ... Read More
How to earn higher Rent from your House?
Real Estate is one of the most popular investment avenue in India. Income from Rent is backbone of Retirement Planning in India. When a property is bought for investment purpose, the key concern of any investor is Rental yield from the property i.e. how much rent, he can fetch from the property. It is very logical and genuine concern. Though Rental yield of Commercial Property is very high compared to Residential Property which i highlighted in my post Commercial Property vs Residential Property. Due to high cost and risk associated with the commercial property, investors prefer Residential ... Read More
Should i invest in Company Fixed Deposits?
Should i invest in Company Fixed Deposits? is one of the most commonly asked question by my readers. As the name suggests, Company Fixed Deposits are Fixed Deposit schemes offered by companies / corporates. Company Fixed Deposits are fast becoming very popular debt investment option. Reason for this popularity is Higher Rate of Interest. Company Fixed Deposits offer interest rate in the range of 9%-11.5% when banks are offering interest of 8.5% on Fixed Deposits. Fixed Deposits is one of the most popular savings / deposit scheme in India because it provides stable and fixed income with safety ... Read More
CIBIL Score and Credit Card Limit
Credit Card Limit is basically "Spending Limit" allowed on your credit card. Credit Card is riskiest business for any bank. The default rate is very high on credit cards as it is totally unsecured credit extended to customer. Now a days banks are extra cautious while issuing a credit card. A credit card is issued only after due diligence. Every credit card has different credit limit depending on risk profile of the customer. Credit card limit is decided based on income, current loan portfolio, expense pattern and overall risk assessment of customer by the bank. Banks pull out CIBIL report of a ... Read More
Stock Market Tips – Business of Selling Dreams
Stock Market Tips is one of the most sought after business by intelligent fraudsters because of low investment & very high returns. My clients / Readers seek stock market tips from my end but believe me that no one can predict movement of stock market. In this regard, i like famous quote of Abraham Lincoln "You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time" . The so called Stock Market Gurus are raking in the moolah from stock market tips. Trust me anyone can make big money from Stock Market Tips business. Its ... Read More
- « Previous Page
- 1
- …
- 58
- 59
- 60
- 61
- 62
- …
- 93
- Next Page »