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How can you avoid getting into a financial mess?

There are a few basic rules that one must adhere to if one wants to steer clear of financial problems. A brief discussion with our own financial experts got us these guidelines that one ought to follow in order to avoid getting into a financial mess.. more >>

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Common investment mistakes to be avoided

Never trust an unknown stockbroker who might call and make tall promises about doubling your money in record time. While they might end up with fat commissions for investing your money... more >>

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Deductions in the case of handicapped persons

Under Sec.80 U and Sec. 80 DD of the Income Tax Act certain deductions are available to the physically handicapped . more>>

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Basics of income tax

The Indian Income Tax Act is probably the world`s most frequently amended one. more>>

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Who should file income tax?

With effect from 1-8-1998 persons fulfilling any one of the six conditions are required to file a return of income in Form No. 2C. more>>

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Income tax- residence types

The taxability of an income depends on the person`s residential status. more>>

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Planning your income tax

In India`s legal quagmire, you may very easily get confused and end up paying more than you have actually bargained for. more>>

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Rates for income tax

The rates of income tax applicable under the Finance Act, 1999 for the financial year 1999-2000 i.e., assessment year 2000-2001 in the case of an individual are given below: more>>

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Life insurance

A life cover is a must. But how much should you insure yourself for, to take care of your family`s needs if you were to die tomorrow? more >>

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Medical insurance

Unlike many of the life insurance plans, medical insurance will not fetch you the insured sum with bonus and additions. more>>

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Home insurance

Breaking into homes and de-camping with jewellery takes place everyday and the newspapers are full of such news. more>>

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Golden rules to avoid the debt trap

Never take a debt where the monthly repayment is more than 50% of your take-home salary. more>>

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Happy shopping and happy negotiation

The first question you have to answer is how much debt can you incur. A simple thumb-rule: lenders consider you a credit risk, only if you have less than 50% of your disposable income tied up in fixed outflows like debt repayments. more>>

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Other tax concessions

Look here for tips on other tax concessions. more>>

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Rent-free accommodation

This is another major tool for tax reduction, especially for senior executives. more>>

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Leave travel assistance,Transport & Motor car allowance

Reimbursement of leave travel expenses incurred by you and your family on travel to any place in India is exempt to the extent of the actual amount spent on travel. more>>

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Stock options & Medical Allowances

These are shares alloted to an employee by his employer either free or at a nominal price. more>>

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Public provident fund

When it rains it pours. So why don`t you make sure that it pours. Earn a better rate of interest than what the bank has been paying you. Go ahead and try the Public Provident Fund (PPF). Get clever and save on income tax! more>>

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NRI Tax

Who is a resident of India?A person who meets either of the following Basic conditions is considered a resident:The person should have been in India for 182 days or more during the previous yearORShould have been in India for 60 days or more during the previous year. more>>

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