Income tax calculator - FY 2010 - 2011

Budget 2010 was really a boom for citizens. The new tax slab announced is almost saving upto 51,000 for any person paying tax. The tax slab announced are Slabs (Rs) Rate 0 – 160000 0 160001 – 500000 10 500001 – 800000 20 800001 and above 30 Old tax slabs: ...

Auto Company Enjoy - Budget 2010

Finance Minister's Union Budget 2010 was positive for auto companies. Government hiked the excise duty by 2% — to 10% from 8% earlier. The industry, was expecting the duty hike and some quarters had expected a 4% hike.The FM’s announcement came as a relief to the sector. Auto stocks...

Infrastructure Bonds - Additional Tax Saving

Infrastructure Bonds or Tax-Saving Bonds is to save taxes as provided under Section 88 of the Income Tax Act, 1961. The two significant economic factors playing in the investment decisions of Infrastructure Bonds are Inflation and interest rate movements. For exmaple, price of a...

Savings Account - Change in Interest Calculation

Savings account is something, which is almost there for 95% of the citizen and its more than one account in different banks, so think of the number of savings account in India. Well that drags us to large number, and we shall talk about that in different post. Lets target on the...

Gold Investing - Detailed Guide

Gold has become the major investment nowdays and here is a link for beginners to understand the forms of gold investmentInvesting in g...

Buying gold? We tell you the best mode

Indians love Gold the most, even though other precious metals exist. The shine for Gold has not reduced with Platinum, Indians are still interested in Gold. There are many forms to buy GoldJewelry is a traditional form of buying gold in India. However, its not for investing reasons,...

Value-averaging investment (VIP): Improved Systematic Investment Plan (SIP)

We all know Systematic Investment Plan has yielded higher returns. Almost all the mutual funds have SIP option. An improved version of SIP is Value Averaging Investment (VIP), which most of the international finance institutions are already following and yielded better returns than...