Buying A New Home? Have You Evaluated The Property?

All of us dream of having a home we can call our own. After all, who wants to pay rent that keeps rising regularly? But having a home of yours is not as easy as it seems. There are just too many people out there who would trade their current home for a new one if given an option. A lot …

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MoneyTap Loans vs Traditional Personal Loans

Personal Loans

The rise of investments in the personal lending industry led to rapid digitisation, encouraging the growth and development of the personal loaning industry. This in turn gave rise to a new breed of personal lending institutions, ‘FinTech’ based personal loan services which means you can now apply for personal loans from the comfort of your home. This increased reach marked …

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11 Reasons Why Is There A Cash Crunch In India?

Cash shortage is being reported from all across the country, especially in states such as Andhra Pradesh, Telangana, Karnataka, Jharkhand, Madhya Pradesh, Bihar, Uttar Pradesh and Rajasthan. The cash crunch has already been officially acknowledged by the government on 17th April 2018. The exact reasons for the shortage are still not so clear. Stories of people finding multiple ATMs completely …

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What Is A Cheque? Kind & Types Of Cheques

Cheque is a very common form of negotiable instrument. If you have a savings bank account or current account in a bank, you can issue a cheque in your own name or in favour of others, thereby directing the bank to pay the specified amount to the person named in the cheque. A cheque is a document which guarantees the …

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EPF VS PPF VS VPF: Applicability, Returns, Duration, Tax Benefits Etc.

Nowadays planning regarding retirement is a sought-after topic among people of various age groups. There are a lot of investment options also available, which makes it cumbersome for people to rope into the best retirement option. Recent trends suggest that people are confused and compare EPF vs PPF vs VPF, and then select from these three options.

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Pros and Cons of Payday Loans

Payday loans have pros and cons; most people do not think about these as they just go out and get a payday loan. New borrowers should understand what they are getting into when the take out a payday loan. This article is for everyone who wants to try a payday loan. Payday loans are so popular that you can find …

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ITR Forms Needed For Financial Year 2017-18

The income tax department has already notified the new tax return forms pertinent to the financial year 2017-18 in April this year. Some forms have already had their online utility tools published. A person who needs file an income return for the 2017-18 financial years has to do it by 31st July 2018. The deadline is not requisite for accounts …

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How The EPFO Portal Has Made The Savings Scheme Easier

Many people don’t know what the EPF is really about. To put it in simple words, EPF or rather Employees’ Provident Fund is a savings scheme that salaried people have. Its investment is automatic. The recently launched EPFO portal, the scheme’s variety of services have become less frustrating and cumbersome. Moreover, it suits the government’s paperless campaign.

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What Is The ESI Scheme: Relevancy And Attributes

Employees’ State Insurance Corporation (ESIC) is an enacted corporate body. The ESIC has been set up by the ESI Act 1948. The body is responsible for the administration of ESI Scheme. A self-funded inclusive social security project, it protects employees covered under the project against financial distress, or it can come out of sickness, or death due to employment injuries etc.

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Tax Exemption On Bank Interest – Read For More Information

Tax Deduction Under Section 80

The interest people receive on their savings bank account is considered as their income. Moreover, it is taxable. Then also, people get tax exemption on bank interest. It is offered by Section 80TTA of the Income Tax Act. It provides a tax deduction on interest income through deposits kept in the savings account of certain financial institutions.

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Indian Government May Make Aadhaar Mandatory For Railway Tickets

The Aadhaar dilemma just never seems to end. Now it looks like, it is the turn of Indian Railways to face its wrath. According to reports, senior Railways officials have hinted that the government will make Aadhaar mandatory for railway tickets. This basically means that every booked ticket has to be linked with Aadhaar.

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How To Reactivate Inoperative/Dormant Bank Account

Has it been more than two years since you made any transaction in your bank account? If your answer is yes, then this can land you up in trouble by making your bank account inactive or dormant. People who have more than one bank accounts, often neglect one account or the other which makes that bank account dormant. If you …

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The Indian Rupee VS Gold Trend: How Do They Correlate Each Other?

The Indian rupee and gold are interdependent on each other. Even though it is not used as a primary form of currency like the ancient times, gold still has a strong impact on the Indian rupee. The rupee vs gold trend has a strong correlation between its value and the strength of the Indian currency trading on foreign exchanges.

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