by Vidya Kumar | Dec 14, 2012 | Retirement, savings, Smitha Hari
On November 30th 2012, the Employee Provident Fund Office (EPFO) issued a circular on the calculation of Provident Fund contribution. According to the circular, all allowances, except those specifically disallowed by the EPF Act, should be included in ‘Basic...
by Vidya Kumar | Dec 11, 2012 | Banking, savings
It’s easy to meet expenses – everywhere we go, there they are.” …Anonymous Retail banking in India has many opportunities as well as challenges. The challenges are mainly related to customer retention and sustainability. As part of their...
by Vidya Kumar | Nov 24, 2012 | savings, taxation
It’s that time of the year when you have to start submitting your investment proofs to your employer for tax deductions. Most of you may be planning your tax investments over the next couple of months, and we thought it would be a good idea to give a primer on...
by Vidya Kumar | Nov 21, 2012 | personal finance, savings
Here are three areas we observe most of our clients having potential to save a good amount of money. Restructure Your Liabilities You may have liabilities like Personal Loan, Home Loan, Credit Card borrowings etc. costing you anywhere from 9% p.a. to 36% p.a. On...
by Vidya Kumar | Oct 31, 2012 | Banking, personal finance, savings
A penny saved is a penny earned… Benjamin FranklinWe all have bank accounts, debit cards and credit cards. Some of us have these courtesy our salary accounts where we normally do not have a choice or some ardent salesman whom we could not shrug off. If we did...
by Vidya Kumar | Oct 26, 2012 | savings, taxation
The Hindu Undivided Family (HUF) is defined as a family consisting of a common ancestor, his lineal male descendants their wives and daughters. A HUF Trust is a separate entity for the purposes of taxation, and hence you stand to get a tax advantage by...
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