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Higher Provident Fund (PF) Deduction from Your Salary

The Employee Provident Fund Organization (EPFO) has come up with a fresh idea: more money should be deducted from your salary for Provident Fund (PF).They have announced this via a circular dated 30 November, 2012. Read on to get the full details, and how it impacts you.  Provident … [Read more...]

Rajiv Gandhi Equity Savings Scheme – Save Tax Using RGESS

Rajiv Gandhi Equity Savings Scheme, or RGESS, was announced in the budget for the year 2012-2013.It is a new tax benefit introduced to encourage small and new investors to participation in the stock markets.Although it was announced in the budget, more clarity was needed regarding the … [Read more...]

E-Passbook Service for Provident Fund Balance – Now Check Your PF Balance Online

The Employees Provident Fund Organization (EPFO) has recently launched a e-passbook service for PF accounts.Using this feature, you would be able to check your PF accounts online.  What Would the PF E-Passbook Contain Your PF e-Passbook would contain details of all the transaction in … [Read more...]

Income Tax Return (ITR) filing deadline extended

In a surprise last-minute move, the Central Board of Direct Taxes (CBDT) has extended the deadline for filing the income tax returns for this year.Read on for complete details.  The New Deadline Via a circular no. 225/163/2012/ITA.II dated July 31st 2012, the CBDT has extended the … [Read more...]

Tips for Improving Your Chances of Finding a Home Loan

The thought of buying a new house without enough funds will make you think of the only possible option - “Home Loan” or “Mortgage Loan”.However, before reaching a bank, a home loan broker or other lender for a home loan, you should know a few things.  Affordable Amount Before going … [Read more...]

Efiling of Income Tax Returns is Mandatory for Income Over Rs. 10 Lakhs

The Central Board of Direct Taxes (CBDT) has issued a notification making e-filing of your income tax return (ITR) mandatory subject to certain conditions.Here is all you need to know about it - who needs to file the ITR electronically, what needs to be done, and the things you should keep in … [Read more...]

9 Tips on Figuring the Saving And Investment Needed to Fund Your Retirement

The primary reason why people are unable to properly plan for their retirement is that they do not see it as an immediate problem.Without realizing what is needed to fund their retirement, they face many problems when they come close to it.Here are the top 10 tips for figuring the savings … [Read more...]

Debt Collection or Debt Recovery – Where are We headed?

We take loans for almost everything - a house, a car, a computer or laptop, an LCD TV, a foreign vacation, and a lot more.We have every intention of repaying that loan, but there are times when we just can't - due to things like loss of income or unexpected expenses, there are times when we stop … [Read more...]

No More Penalty on Prepayment of Home Loan

A penalty charged by banks while you prepaid your home loan has always been a sore point for home loan takers.Now, the Reserve Bank of India (RBI) has abolished this prepayment penalty.Read on for full details.  The Prepayment Penalty for Home Loans A home loan is the biggest loan … [Read more...]

Need for Financial Planning – Why You Must Have a Financial Plan

Dreams can always become a part of your reality with proper planning.Every family creates its own budget highlighting savings. We often witness people getting the same salary enjoying different lifestyles and giving priorities to different needs. It is the way we plan today that will define our … [Read more...]