Every month your employer will deduct tax from salary and deposit it to the government account based on your IT declaration submitted to them. While calculating tax, your employer consider those declared investments and expenses that are specifically either tax exempted or on which deductions are allowed under IT Act. At the beginning of the year or while joining the company … [Read more...] about IT declaration – Proofs to be submitted to your employer
Archives for December 2013
How to choose an investment option for your future
You can start investing to secure your financial future. This can be done by formulating your own plan of investment and familiarizing yourself with the options available. Today, through this article we will show you how one can choose the best investment option for his or her future. In the initial step of investing you should know your financial goals first. If you have … [Read more...] about How to choose an investment option for your future
How to set financial goals for your future
Goals are incredibly important. To achieve financial success you need to set your own financial goals first and then take time to work towards them. The most important step towards achieving financial goal is to translate financial needs into your own term. Unless we commit ourselves and preserve to achieve our financial goals, they don’t occur in reality. To set goals … [Read more...] about How to set financial goals for your future
5 CTC tricks employers can use in Offer letter to fool you
Job seekers are always expecting to get offers above their expected CTC from employers. To attract talented candidates, many employers try to play with the CTC figures that they offer to new joiner. By which candidates will fill like, they are getting better offer compare to others and join them. If your dig a bit into the CTC offer, you will find difference between per annum … [Read more...] about 5 CTC tricks employers can use in Offer letter to fool you
5 Tips for writing an effective resume
More than thousand resumes are sent for job by email or downloaded from a job portal but very few are short listed for interview. Where do all they go? Research has shown that for a particular advertisement in news paper or job portal more than thousand resumes are submitted. How you can make yours mean something for the interviewer. In the first place, while short listing … [Read more...] about 5 Tips for writing an effective resume
5 factors to consider while choosing life insurance policy
Accident and illness happens in life. Having insurance policy for your life and health is one of the best ways to make sure that you and your family members are secured for future financial risk. If you want to build a financial portfolio for secured future then insurance policy is a must to include in it. However, the key issue is getting the right insurance policy based on … [Read more...] about 5 factors to consider while choosing life insurance policy
What is electronic fund transfer in India
Electronic fund transfer means you are transferring money from your bank account to someone else bank account electronically. Earlier we use to visit a branch for sending money, depositing cash or cheques. Now those days are gone. Today, we are talking about NEFT, RTGS and IMPS which enable us to exchange funds between friends, family members over internet. Let us understand … [Read more...] about What is electronic fund transfer in India
Tax deduction, exemption and rebate – what is the difference
Are you confused between income tax deduction, exemption and rebate? These terms are used to describe different benefits that a tax payer or assessee gets under Income Tax Act 1961. Let use try to understand the difference between tax deduction, exemption and rebate. Tax Exemption Assessee has to pay tax based on the income that he or she generates. Based on it's type … [Read more...] about Tax deduction, exemption and rebate – what is the difference
Distance MBA in Finance – 5 best Universities in India
Distance education has outgrown its limitation to become one of the chosen channels of higher education among Indians. Distance MBA program is pursued via correspondence where students do the course by being in a remote location i.e. at a distance place from the universities. Working professionals or graduates perusing some other course are the main applicant for this type of … [Read more...] about Distance MBA in Finance – 5 best Universities in India
5 best accounting software for small businesses in India
Best accounting software keeps your financial data organized and provides more accurate information anytime when you need it. In India we have many accounting software for business use. For small business, it’s not required to have a complex ERP package. The thing that is required to know is how your money has been spent and how much revenue you have generated for a … [Read more...] about 5 best accounting software for small businesses in India