Owner: Taxation and Financial Concerns URL:http://taxingsalaried.blogspot.com/ Join Date: Sat, 04 Oct 2008 05:32:28 -0500 Rating:0 Site Description: Discusses the Taxation System in India. Also discusses the Salary components and various investment options to make your money grow. Site statistics:Click here
Balanced Mutual Funds: Good option when Markets are down 2008-09-22 12:50:00 What is a Balanced
Fund?
Balanced funds a.k.a. hybrid funds are a type of funds which don't take full exposure either in equity or in debt. They invest in both equity and debt in a well defined ratio as per the fund's mandate. An investor with a low risk capacity and having dependents can use these funds to have stability in his/her portfolio.
They are usually classified in two broad categories Read more:Mutual
, Funds
, option
, Markets
, Mutual Funds
Learn about your HRA 2008-09-12 14:06:00 House Rent Allowance is a very important component of one’s salary. The tax implications of the house rent allowance (HRA) seem to baffle most people. Taking the case of two individuals, Akram and Rafiq, who work in the same company, I have tried to explain this allowance in detail.
One significant difference between the two individuals, which is necessary for this study, is that Akram resides
Income Tax Rates for FY 2008-09 in India 2008-08-29 22:48:00 <!--[if gte mso 9]> Normal 0 false false false MicrosoftInternetExplorer4 <![endif]--><!--[if gte mso 9]> <![endif]--> <!-- /* Font Definitions */ @font-face {font-family:Mangal; panose-1:0 0 4 0 0 0 0 0 0 0; mso-font-charset:0; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-signature:32771 0 0 Read more:Income
, Rates
, India
, Income Tax
Taxing Salaried masses more???? 2007-09-17 07:22:00 Salaried people now pay income-tax on their gross income while businessmen, self-employed persons and others pay tax on their net income, even as the income-tax exemption limit is the same for everyone. This gross injustice needs to be removed.
As per Income-Tax Act of 1961, income-tax is levied on net and not gross income. Salaried people were allowed to deduct expenses incidental to their
Global Meltdown: How safe is your Job? 2008-10-20 14:26:00 The writing is clearly on the wall now. There is an obvious meltdown in the world financial markets. The impact is being seen on the jobs as well. The companies have started to downsize the staff (Jet Airways fiasco is the latest example). They actually have no other option. If a company has to survive, it has to downsize to cut costs. The easiest victim would be the employee who is an average Read more:Global
, Meltdown
Deposit Insurance and Credit Gaurantee Corporation 2008-10-15 00:47:00 Off late there has been a lot of talk about some commercial banks going bust/bankrupt. And thus there was a rumor of depositors losing money that was kept in the bank.
I was searching on the topic and came to know about this corporation (DICGC). DICGC works on the safety of all the depositor's money kept in savings a/c, FDs etc with the banks. Almost all the banks in India are a part of this Read more:Deposit
, Corporation
History of Financial Crises 2008-10-12 13:11:00 I found this nice article in The Hindu Business Line on the previous financial crises around the world. This is worth a look, so decided to post it here.
Not learning from historyParvatha Vardhini C.As the world struggles in the throes of a credit crisis, it seems appropriate to recount some (un)forgettable meltdowns of the twentieth century, the economics behind them and the panic that they Read more:History
, Financial
Fixed Diposits: The safe Havens for the risk averse investors 2008-10-11 14:07:00 As the Equity markets were on full swing last year, the good old fixed deposits and the post office schemes were loosing their sheen. But now that the markets have tumbled on their head and investors are looking for cover, it's once again time to look at these safest forms of money saving instruments.
Investors should go for bank deposits or Fixed
Maturity Plans (FMP) of mutual funds which Read more:Havens
Interest Rates and stock markets 2008-10-07 02:44:00 Interest is nothing but the cost you have to pay for the use of someone else's money. Credit users know this scenario quite well - they borrow money in order to buy something. When it comes to the stock market and the impact of interest rates, the term usually refers to something else. The interest rate that applies to investors is the RBI bank rate. This is the cost that banks are charged for Read more:Interest
, Rates
, Interest Rates
What is an Insurance? 2008-10-05 04:27:00 Insurance works on the concept of pooling of risk. In the ancient times, merchants started this concept by poling the risk of their cargoes being sunk in the sea. They started pooling money which would be used to compensate the damages occurred to the merchant whose cargo sunk.
The same concept has been carried forward to the modern day insurance, where one can insure not only his cargo/vehicle
Things to keep in mind while investing 2008-10-04 14:28:00 Your journey towards financial freedom isn't complete without obstacles which you must learn to face and conquer. The sooner you learn to take action against them, more money you make.
Impulse Buying
Always buy when you see value not the price movements. Price movements are often due to market momentum and not for the value the stock presents.
Inflation
Inflation hurts people particularly
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