What is an Account Payee Cheque (A/c Payee)? Under what circumstances or instances do we write an Account Payee Cheque (A/c Payee)? What is the right way of writing an Account Payee Cheque? I am sure everyone knows how to write an A/c Payee Cheque, but do you know the difference between a Crossed Cheque (//) and…
What is Auto Sweep Facility and how does auto sweep facility, in your saving bank account, help you to get high liquidity and interest rates? My friend, Sumit, got a lump sum amount of Rs. 7 Lakh on his retirement. He does not want to invest this amount in any of the financial instruments as…
What is the minimum amount due in Credit Card? How Credit Card interest rates eat away into your savings? How the minimum amount due in Credit Card works? What is the difference between Credit Card Minimum Payment Vs Full Payment. Rahul got his first Credit Card immediately after getting his first job in a software firm….
How do I get home loan tax benefit? What if I have purchased a second house − Am I still eligible for housing loan tax benefit? What are the home loan tax benefits if I wish to go for joint/construction linked loan? Housing Loan – An emerging segment With high real estate prices, one cannot…
What is the difference between “Growth and Dividend Option in Mutual Funds”? Why some people prefer Growth Option, while others prefer Dividend Option, in Mutual Funds? You are often seeing the advertisements from Mutual Fund companies regarding the announcement of Dividends. Agents will use this as an opportunity to sell such Funds at that time showing Dividends…
How to calculate Income Tax on Salary in India? What are the slab rates and exemptions for Income Tax on Salary in 2018-2019-2020? How can Income Tax be saved for Salaried Employees in India? “The hardest thing in the world to understand is income tax.” -Albert Einstein If Einstein could too find taxes difficult to…
Does Claim Settlement Ratio matter? Where can I get the latest report on IRDA Claim Settlement Ratio of Insurance Companies for FY 2017-2018-2019? The latest IRDA Claim Settlement Ratio for FY 2017-2018 was released on 9th January 2019. Claim settlement ratio of LIC was at 98.04 percent as at 31.03.2018 when compared to 98.31% as at 31.03.2017. For…