The major concern for many of salaried is how to save tax on salary income. We know few but fail to utilize to the maximum. In this post, I will try to list down all allowances and deductions which help you in saving tax.I will try to explain the available allowances which can be claimed for … [Read more...] about How to save tax on salary income in India?
Archives for May 2016
Recently Government changed few rules of Sukanya Samriddhi Account, which will be applicable from 2016. The interesting part of it is the interest calculation method. I hope by following this rule you can earn more.I have already written a detailed post on Sukanya Samriddhi Account. Let us … [Read more...] about Sukanya Samriddhi Account -When to invest to earn more returns?
Long back I wrote a post on the various ways of investing in Gold. However, now many platforms available to invest in gold. Hence, thought to write a post on how to invest in Gold in India online and offline.In this post, I am highlighting the options to invest in Gold in India online or … [Read more...] about How to invest in Gold in India online and offline?
During a lecture at National Council of Applied Economic Research (NCAER) in New Delhi, Mr. Raghuram Rajan explained the inflation effect with an example of Dosa Economics. I thought this was a simple way to explain you about the inflation.Before proceeding further, let us understand the meaning … [Read more...] about Dosa Economics -Stop worrying of falling Bank FD Rates
We all know the importance of CIBIL Report of a credit report. However, we fail to understand what type of our transactions or accounts actually reflect in this report. Let us try to understand this aspect.Mr. Arun Gupta, was a kind and noble man. Like any dotting parent he had made several … [Read more...] about What Accounts Reflect in Your CIBIL Report?
Income Tax Department recently launched new Form 12BB. This is the single form to declare HRA, LTA, Section 80, and interest paid on home loans under Sec.24 of IT Act.All salaried know that at the start of a financial year or while you join the organization newly, then you have to declare the … [Read more...] about Form 12BB -Changes in declaring HRA, LTA and Sec.80 deductions