DDA Housing Scheme 2012-13 : A Way To Get Your Own House In Delhi NCR

 Real Estate  33 Responses »
Dec 032012
 
DDA Housing Scheme 2012-13 : A Way To Get Your Own House In Delhi NCR

Delhi Development Authority (DDA) has plans to launch a new housing scheme in 2012. As per the sources there are going to be 15,574 multistory residential flats in the upcoming DDA housing scheme which will include HIG (High Income Grade), MIG (Medium Income Grade), LIG (Low Income Grade) and Janta flats to cater the need of all type of buyers. The upcoming DDA housing scheme will offer flats at various locations of Delhi like Dwarka, Jasola, Kalyan Vihar, Motia Khan, Mukherjee Nagar, Narela, Pitampura, Rohini and Vasant Kunj. This time DDA may announces some changes for the benefit of applicants like more [....read more....]

What Do Banks Do With Our Money To Make More Money?

 Banking Terms  No Responses »
May 212013
 
What Do Banks Do With Our Money To Make More Money?

I think, most of us already know that banks earn money by taking deposits and lending money. In simple terms, banks takes deposits from public and lends to public. The difference in interest rates is what helps them to sustain. For example- I invested a sum of money in Fixed Deposit (FD) in SBI bank for 1 year at an interest rate of 9% and than I took a car loan @10.5%, So the difference between lending and deposits (i.e 10.5% – 9%) is what banks earns. Here, we have assumed a very basic model excluding all the transaction and [....read more....]

Assessing the Major Retirement Schemes: EPS, EPF, GEPS

 Uncategorized  No Responses »
May 142013
 
Assessing the Major Retirement Schemes: EPS, EPF, GEPS

A pension is a kind of a retirement plan, where people receive a fixed sum of money on regular basis from a fund to which they and their employer have contributed over the period of their employment. Though many pension plans are available in the market but the most common ones are Employee Pension Scheme (EPS), Employee Provident Fund (EPF) and Government Employees Pension Scheme (GEPS). Employee Pension Scheme (EPS) The Employee’s Pension Scheme (EPS), 1951, replaced the Family Pension scheme (1971). Funds for EPS are sourced, primarily by diverting 8.33% of employer’s monthly contribution from the EPF. Monthly contribution [....read more....]

How To Do Tax Planning In 2013?

 Tax  No Responses »
May 062013
 
How To Do Tax Planning In 2013?

Tax planning implies the spelling out of financial goals, where by the financial goals are aligned according to the tax liabilities and taxation is managed in a legal and systematic manner. Before planning tax liability it is important that the taxpayer studies a few basics. Every taxpayer shall go through Section 80C for getting acquainted with tax planning with schemes like ULIPS, Life Insurance Premiums, National savings certificates (NSC), Post office savings etc. Maintain A Separate HUF Tax File The first step in tax planning is maintaining a separate HUF tax file (if the tax payer is a Hindu), apart [....read more....]

A Guide To Tax Saving Mutual Funds

 Investments  No Responses »
May 012013
 
A Guide To Tax Saving Mutual Funds

The SEBI (Securities & Exchange Board India) says that taxes levied on a person’s annual income are exempted if he/she makes an investment in tax saving mutual funds. But should tax saving be the only criteria for deciding the mutual fund one should invest in? And how viable it is to rely on such funds for good returns? Let’s find out. Investment Should Be Goal Oriented Not Just For Tax Saving There is no doubt that if you are an investor and if you have invested in any kind of tax saving mutual fund you will get some rebate at [....read more....]

How To Create Tax Saver Fixed Deposit Online?

 Investments  No Responses »
Mar 192013
 
How To Create Tax Saver Fixed Deposit Online?

Tax saving Fixed Deposit is one of the safest ways of saving tax. As name suggest, tax saving FD’s offers tax exemption to the investors under section 80C of the income tax act 1961. In other words, tax payers can invest under tax saving FD’s to avail tax exemption upto Rs 1 lakhs u/s 80C. Investors can invest in tax saving FD’s either by going to bank branch or using banks online platform. So if do internet banking then you can create your tax saving FD anytime anywhere. This is considered as one of the best investment option as it [....read more....]

Share Your Tax Saving Tips And Win Gift Vouchers Worth Rs. 5000

 Miscellaneous  No Responses »
Mar 182013
 
Share Your Tax Saving Tips And Win Gift Vouchers Worth Rs. 5000

Saving tax is one of the most common incentives behind the investments, most of the individuals do every year. But not all tax saving schemes are profitable to a good extent. There are variety of options and investment instruments which provide tax benefits under various sections of income tax act. Different schemes and options deliver different returns, while sum are low risk low return like the tax saving FD’s others are high risk high return like ELSS etc. In past we have shared a number of options with you which you can refer in our previous articles. Now we want [....read more....]

Highlights Of Union Budget 2013-14

 News  No Responses »
Feb 282013
 
Highlights Of Union Budget 2013-14

- Finance minister of India, P Chidambaram has started his budget speech for the year 2013 –14 in Lok Sabha. – This is Chidambaram’s 8th budget speech. – This is last union budget before elections. -  There is need to encourage Foreign Investment in India. – Current account deficit is a big concern. – 17% hike in allocation to Education to promote youth skills for jobs. -  Rs 33,000 Cr allocated to MNNREGS. – Rs 27,049 Cr to Agricultural ministry. – 4% farm loan scheme extended to private sector banks of India. – Allocation of Rs 1000 Cr to eastern [....read more....]

Step By Step Instructions To Register And Make Online Payments Through ezeClick?

 Financial Terms  1 Response »
Feb 272013
 
Step By Step Instructions To Register And Make Online Payments Through ezeClick?

American Express has launched an online service with the name ‘ezeClick’ to facilitate its customers. As name suggest this service helps customers make there online payments using their credit cards quite easily. ‘ezeClick’ is a unique product which is launched in India for the first time by a credit card company. ezeClick takes all your credit card details once i.e at the time of registration and simplifies the checkout process by replacing the need to enter your card details every time with a single user ID. Which simply means ezeClick eliminates the cumbersome process of entering card number, expiry date [....read more....]

EPFO Has Raised Interest Rate On EPF And VPF Scheme For FY 2012-13

 News  No Responses »
Feb 272013
 
EPFO Has Raised Interest Rate On EPF And VPF Scheme For FY 2012-13

The rate of interest on Employee Provident Fund (EPF) and Voluntary Provident fund (VPF) has been revised by EPFO. The rate of interest has been raised from 8.25% to 8.5%. This new rate of interest will be applicable on both EPF and VPF for the year 2012-13. In the year 2010-2011, this rate was reduced from 9.5% to 8.25% which was a major reduction in interest rate. Although the expectations were little higher but it is kept 8.5% to avoid deficit. But increase in interest rate is no doubt a great news for all most 5 Crore people who are [....read more....]

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