Your salary consists of lot of components, some of them are fully taxable, and some are partially taxable while remaining is tax free and hence Salary structure become very important. Here is a list of 11 components in your salary that is tax free. In case you have it in your pay slip, great – […] Continue reading →
The long-term capital gains from property can be huge especially if the asset was held for really long term. These gains are taxed at 20% + cess (effectively 20.8% from FY 2018-19) which can cause a major dent in the amount received on sale. So if we have an option to save, we must save […] Continue reading →
I am sure majority of readers of this blog would have PAN Number (Permanent Account Number) issued by the Income Tax Department. But do you know what does the digits in PAN Number mean? Below is a sample of PAN Number. It is a 10 digit alpha numeric number, where first five characters are letters, the […] Continue reading →
NSC (National Saving Certificate) is popular tax saving investment under section 80C. It has maturity of 5 years and is guaranteed by Government of India. This post lists the significant features of NSC, tax benefit, taxation, loan available, etc Interest Rate on NSC: As of today (for January to March 2019 quarter) NSC gets 8.0% […] Continue reading →
Recurring deposits (RD) with banks are one of the most popular investment options for people with regular income. RD enables to deposit fixed amount every month for a pre-defined period which earns interest similar to Fixed Deposits (FD). You might want to bookmark this page as the RD interest rates would be updated every month […] Continue reading →
Indiabulls Consumer Finance Limited has come out with latest NCD (non-convertible debentures) offering up to 11% interest rate. The issue opens on February 4 and closes on March 4 , 2019. Indiabulls Consumer Finance Limited (IBCFL),formerly IVL Finance Limited is a non-deposit taking NBFC registered with the Reserve Bank of India and is a 100% subsidiary of Indiabulls […] Continue reading →
NRE (Non-Resident External) Fixed Deposits are one of the best investments for NRIs/PIOs/OCIs because of two reasons: The interest rate is on the higher side as compared to their country of residence and the interest earned on NRE FD is tax free in India This post compares the best interest rates on NRE FDs. Best […] Continue reading →
Government of India has launched the Series VI for FY 2018-19 of Sovereign Gold Bonds from February 4 to 8, 2019. This is the last launch for FY 2018-19. These bonds are investment scheme where investors could buy gold in the form of Gold Bonds from Government of India. Highlights Sovereign Gold Bond Eligibility: Resident Individuals, HUFs, trusts, universities, […] Continue reading →
The post lists down the rate of interest on Bank fixed deposits as of February 4, 2018. You might want to bookmark this page as the FD interest rates would be updated every month. Would help you in better decision making. Fixed Deposit Highlights: The good news is IDFC Bank, Union Bank of India and some […] Continue reading →