Income tax slab rates for AY 2015-2016 – Financial Year 2014-2015

Financial minister Mr. Arun Jaitley has presented union budget in parliament for the financial year 2014-2015. In this budget he has not changed the income tax rates and kept the earlier rate in place but basic exemption limit has been hiked by Rs. 50000. Now the earlier income tax rates as applicable to AY 2014-2015 will … Read More » "Income tax slab rates for AY 2015-2016 – Financial Year 2014-2015"

3 Major drawbacks of investing in fixed deposits

Fixed deposit is one of the favored financial products in India to which most of the Indians are investing their hard earned money for a higher return. As the name suggest, money of investors are kept into this account for a predefined fixed tenure at a pre-agreed interest rate. However, like any other financial product, … Read More » "3 Major drawbacks of investing in fixed deposits"

What is Gold Karat – How it’s measured in market

While buying gold ornaments or jewellery you must have noticed the seller or representative often describing the unit in Karat. Karat is a unit of measure to know the purity of gold. If the seller tells you a particular jewellery of 22 karat then it means, that jewellery has 91.06% (22/24) of gold and balance … Read More » "What is Gold Karat – How it’s measured in market"

How to exchange unusable or soiled or mutilated notes in India

Are you holding unusable notes ? You can exchange it by visiting either a public sector or private bank’s cash counter. RBI has instructed banks to exchange notes that are either soiled or mutilated or are in unusable conditions. Soiled notes are those which have become dirty and slightly cut because of its use. Mutilated … Read More » "How to exchange unusable or soiled or mutilated notes in India"