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 also be applicable to assessment year 2015-2016 but the … [Read more...] about Income tax slab rates for AY 2015-2016 – Financial Year 2014-2015
Archives for February 2014
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, fixed deposit also has its own merits and demerits. In … [Read more...] about 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 8.4% of metals like silver, zinc etc. Gold is very soft to make … [Read more...] about 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 are those which are composed of more than two pieces … [Read more...] about How to exchange unusable or soiled or mutilated notes in India