Growing a small business can seem like a Herculean Effort. Between focusing on sales, providing customer service and managing inventory, a businessman can feel overwhelmed. In a competitive marketplace, every businessman is concerned about growing his business and keeping up with his competitors. The biggest challenge faced by MSME’s (Micro, Small and Medium Enterprises) in […]
Banking
What if the RBI hikes interest rates? | RBI’s Rate hike – Its Impact on the Economy & Personal Finances
One of the primary functions of the RBI is to control the supply of money in the economy and also ‘the cost of credit.’ Meaning, how much money is available for the industry or the economy and what is the price that the economy has to pay to borrow that money. ‘Availability of money’ is […]
FY 2018-19 Section 80TTB | Tax Exemption of Rs 50,000 on Interest Income to Senior Citizens
Most of the Senior citizens in India who do not like the volatility that comes with Equities / mutual funds prefer to save and invest in Fixed Deposits, Recurring Deposits and Small Saving Schemes. The main reasons for saving in these financial products are – low risk, guaranteed returns and fixed income. Is interest income […]
How to Cancel or Surrender PAN & Aadhaar Card of a deceased person?
PAN Card Number and Aadhaar Card Number are two numbers that each person residing in India is encouraged to register for and get. There are roughly around 29 crore PAN card holders and more than 111 crore people now have an Aadhaar number, covering more than 98 to 99% of the Indian adult population. We all know that the usage of PAN card is no […]
Latest Post Office Small Saving Schemes Interest rates FY 2018-19 | Jan to Mar 2019
The National Savings Schemes (NSSs) are one of the very popular saving schemes in India. These are regulated by the Ministry of Finance. They offer complete security of investment combined with attractive returns. These schemes also act as instruments of financial inclusion especially in the geographically inaccessible areas due to their implementation primarily through the Post […]
Latest TDS Rates Chart for FY 2018-19 / AY 2019-20
We receive income through different ways, it can be your Salary, Dividend income from mutual funds or stocks, commission, rent, interest on your Bank Fixed Deposits / Securities etc., The providers of these incomes (like your company / bank) can deduct a certain percentage of income as TDS (Tax Deducted at source) based on certain […]