Section 80TTB: Senior Citizens can Save Tax on their Interest Income

Section 80TTB - Tax Exemption for Senior Citizens on Interest Income Budget 2018 along with many changes to tax laws also introduced a new Section 80TTB. According to this Senior citizen can claim tax exemption up to Rs 50,000 on interest income from bank/ post office fixed deposit, recurring deposit or savings account.Also, if a senior citizen opts to take advantage of Section 80TTB, he cannot […] Continue reading →

10% Kosamattam Finance Ltd NCD – Mar/Apr’18 – Should you Invest?

Kosamattam Finance NCD – April 2018 Kosamattam Finance has come out with 13th public issue of non-convertible debentures (NCD) offering up to 10% interest rate. The issue is already open for subscription and closes on April 13, 2018. Kosamattam Finance Ltd is a Kerala Based NBFC engaged in gold loan finance business. They lend money against the pledge of household Jewellery in the […] Continue reading →

SBI Recurring Deposit Features & Interest Rate – March 2018

SBI Recurring Deposit Below are the features, interest rates, maturity amount along with other details for SBI Recurring deposit. SBI Recurring Deposit Scheme – Features: Maturity from 12 to 120 Months Nomination facility available The minimum amount of monthly installment shall be Rs 100. The amount of installment and number of installment can not be changed after opening of […] Continue reading →

3 Reasons Why Growth Option is better than Dividend Option in Equity Mutual Fund?

Equity Mutual Fund: Growth or Dividend? When you invest in Mutual Funds you usually have to choose from following three options: Growth Dividend Dividend Reinvestment For a new investor first selecting the mutual fund and then selecting of the above 3 options this may be overwhelming. In this post we tell you why you should opt for Growth option while investing […] Continue reading →

Income Tax Calculator for FY 2018-19 [AY 2019-20] – Excel Download

Download Tax Calculator for FY 2018-19 Budget 2018 has made some changes to Income tax for individual. There has been no changes in the income tax slab, however there have been some changes related to salaried/pensioner tax payers and senior citizens. We highlight the changes and give you the new tax calculator for FY 2018-19 [AY 2019-20]. Changes in Income Tax Rules: […] Continue reading →