23 comments and 2,411 views
Posted in Finance, Investment.
Small is always big!!!
If you are looking for a solution to the above questions, here is how you can create wealth of 2 Crore just by leaving two bad habits.
Well, We agree by cutting down small expenses wont help you earn big buck in short term but it will really improve your financial life if you plan for a longer duration.
– May 5, 2011
11 comments and 1,873 views
Posted in Finance, Income Tax, News.
As per budget presented on 28th Feb, 2011, Pranav Mukherjee proposed changes as per below.
– February 28, 2011
361 comments and 97,698 views
Posted in Finance, Income Tax.
As per the new income tax slab proposed by Finance Minister Pranab Mukherjee in Indian budget 2011; we have created Income Tax Calculator for financial year 2011-12 (Assessment Year 2012-13).
Broadly speaking, the tax slabs exempt all income below INR 1,80,000 whereas the income between INR 1,80,000 and INR 5,00,000 is proposed to be taxed at the rate of 10%. The next income tax slab lies between INR 5,00,000 and INR 8,00,000 for which the rate of taxation is 20%. Finally, all income above INR 8,00,000 would be taxed at the rate of 30%.
A new tax slab has been introduced for senior citizens of 80 years and above. There will not be any tax upto 5 lacs income for people above 80 years.
Current age limit for consideration as senior citizens has been reduced from 65 years to 60. And they will get tax exemption for income up to Rs 2.5 lakh (earlier it was 2.4 lakhs)
– February 28, 2011
7 comments and 3,771 views
Posted in Finance, Government.
National Payments Corporation of India (भारतीय राष्ट्रीय भुगतान निगम, NPCI) has launched Interbank Mobile Payment Service (IMPS) on 22nd Novemeber, 2010.
This is first of its kind service in the world, which allows fund transfer between individuals through their mobile phones. It provides any time instant money transfer service through mobile phones to any other person registered for IMPS service in any of the participating banks.
– November 23, 2010
37 comments and 14,837 views
After some success of Radio Taxi in NCR, Now Gurgaon will have similar services for Auto-Rickshaws in name of Radio Tuk-Tuk (Radio Autos).
Just call the helpline number (0124-2343434) and rickshaw will be there for the intra-city travel (as of now only inside Gurgaon).
This service started from November 22, 2010.
This can be a convenience mode of transport for commuters, specially women, in the millennium city.
– November 8, 2010
1 comment and 2,278 views
Posted in Government, India, News.
Today was a historical day.
In Tembhli village (Nandurbar district, Maharashtra), First set of Multipurpose National Identity Cards (12 digit unique identification number), named as Aadhaar were issued. Prime Minister Manmohan Singh, Unique Identification Authority of India (UIDAI) Chief Nandan Nilekani, Congress chief Sonia Gandhi were present at the launch ceremony.
– September 29, 2010
35 comments and 3,646 views
Posted in Finance, India, Investment, Mutual Funds.
Going online for mutual fund transactions has definite advantages.
– September 20, 2010
3 comments and 407 views
Posted in Finance, Investment, Mutual Funds, News.
Come November 15, 2010 and mutual fund companies will start rejecting your mutual fund application, in case the cheque is not from investor’s bank account (third party cheque).
This is to stop all fraud activities by agents and distributors. There has been some complaints in past on this where some of the agents were using cheques provided by their investor clients, to invest into mutual funds account owned by them. So most of the AMC (asset management company) have taken this action now.
– September 19, 2010
364 comments and 132,987 views
Posted in Finance, Income Tax, India.
The New Direct Tax Code (DTC) is said to replace the existing Income Tax Act of 1961 in India. DTC bill was tabled in parliament on 3oth August, 2010. There are big changes now in monsoon session and There are now much less benefits as compared to what were in the original proposal.
During the budget 2010 presentation, the finance minister Mr. Pranab Mukherjee reiterated his commitment to bringing into fore the new direct tax code (DTC) into force from 1st of April, 2011, but same could not be fulfilled and now it will be applicable from 1st April, 2012.
Continued…
– September 1, 2010
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