The Best thing to do with Surplus Cash: Loan Repayment Vs Investment

The Best thing to do with Surplus Cash: Loan Repayment Vs Investment

Here’s one thing that a lot of us will love when it comes to money. A small increase in the bank balance because of our saving habits or a bonus after our appraisal. Sure, these are things call for a pat on your back! It is also important that some of us would be toying with the idea of choosing to make a part payment on the home loan, make an investment with the surplus cash that is now at our disposal. While both are just about just the right…

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Anxious about the Appraisal? – Stay prepared for a poor pay hike.

Anxious about the Appraisal? – Stay prepared for a poor pay hike.

It cannot be denied that the Appraisal season brings with it uneasiness and anxiety. This year around macro and micro economic changes has the staffing and hiring managers expect poor or no hike for employees. This sentiment is prevalent across the IT, Telecom, real-estate and start-ups as reported in the Economic Times Wealth, February 2017. If you are wondering about the relation these macro and micro economic factors have on your performance, then that’s a question no business leader would be able to answer. However, employers always try to retain…

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How to use home loans effectively for tax benefits

How to use home loans effectively for tax benefits

While there is one EMI payable to repay home loan, one must take into account the principal and the interest to enjoy tax benefits. Manish Mehta had recently acquired a property worth Rs 55 lakh in the outskirts of Chennai which had been financed by one of the prominent banks to the extent of 85 percent of the value of the property. He is aware that buying a house on loan is a tax efficient proposition but he is not aware of the nuances of how best he can leverage…

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Waiting for RBI rate cut? Lock in some money in high-yielding corporate FDs first

Waiting for RBI rate cut? Lock in some money in high-yielding corporate FDs first

Corporate fixed deposit schemes are in the limelight these days amid volatility in the equity market and hope of a rate cut by the Reserve Bank of India (RBI) on Wednesday. These financial instruments usually provide 50-150 basis points more return than bank fixed deposits. However, corporate fixed deposits come with higher risk as any headwinds for the business can lead to a company defaulting on payment of interest as well as principal. With an interest rate of around 8.50 per cent per annum for three years, corporate fixed deposit…

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Income Tax – Bust the Myths with Facts

Income Tax – Bust the Myths with Facts

Knock, Knock … who’s there? It’s the Taxman because we are in July. Many of us dread this knock on the door this time of the year. The terms ‘Deduction’, ‘Under Section’ and ‘Taxable Income’ can look perplexing to the tax paying Indian. Ignorance and misconceptions are the primary reasons for this confusion and fear. Let’s look at busting some of the tax myths and misconceptions so that the Income tax filing exercise for AY 15-16 is a matter-of-factly and fearless one.   Myth 1: Income Tax Filing is complex,…

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Why this loan is better than personal loans?

Why this loan is better than personal loans?

Many house owners are not aware of this option and hence end up taking personal loans to renovate their homes Home improvement loans are given by all leading banks for any house owner seeking to expand, renovate, or rebuild their house, regardless of whether it is old or new. Many house owners are not aware of this option and hence end up taking personal loans to renovate their homes. It is good to know what all home improvement loans cover and use them smartly.   Home improvement loans can be…

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