by Vidya Kumar | Apr 14, 2015 | personal finance, Smitha Hari
Executive Summary: Accounting and personal finance have many common aspects. Some of them include recording all financial transactions and keeping track of them, all financial actions culminating in the balance sheet, use of suspense account, using the accrual...
by Vidya Kumar | Mar 31, 2015 | Education, Smitha Hari
Executive Summary: Residential schools which not only provide academic education, but also develop other aspects of children are gaining popularity. Sahyadri School and Rishi Valley School are two such schools in the country, which admit children from class 4 onwards....
by Vidya Kumar | Feb 13, 2015 | Smitha Hari
EXECUTIVE SUMMARY: The Credit Information Bureau (India) Limited (CIBIL) maintains your credit report and credit score, which are used by lenders when you approach them for a loan or credit card. It is very important to interpret the credit report correctly, in order...
by Vidya Kumar | Feb 6, 2015 | health, insurance, Smitha Hari
Executive Summary: The restore/refill/recharge benefit and the no claim bonus/ multiplier benefit are unique features of some of the existing health insurance plans today. Max Bupa’s Health Companion plan, Apollo Munich’s Optima Restore plan and...
by Vidya Kumar | Jan 27, 2015 | Capital Gains, Smitha Hari, taxation
Executive Summary: Gains which arise on the sale of assets is known as capital gains, which can be short term or long term in nature, depending on the period of holding. Tax paid on capital gains is known as capital gains tax. Capital gains tax rate is different for...
by Vidya Kumar | Jan 4, 2015 | EPF, Investment, Smitha Hari
Executive Summary: Amount withdrawn from EPF account is subject to tax if this is done before completion of 5 years of continuous employment. In case the PF balance is taxable, the amount which was contributed by the employer (including the interest earned thereon)...
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