Finance

As a first step in your financial plan, you must ensure that you have adequate health insurance for self and family members. Buying health insurance will serve the purpose of protecting financial instability and give access to quality health care. Premium paid for health insurance also enjoys certain tax benefits in income tax act 1961 that you must know to reduce your tax … [Read more...] about Four tax benefits of health insurance and medical expenses you must know

All businesses in India are required to register under The Shops and Establishment Act with their respective authorities depending on the place of business. Shops and Establishment Act is enacted to regulate the conditions of work and employment such as working hours, holidays, leave, opening and closing hours, rest interval of employees, and payment of wages in shops, … [Read more...] about How to get registration under Shops and Establishment Act

Balance sheet of a business or company consists of assets, liabilities and stockholder’s equity. Working capital for a particular period represents the difference between current assets and current liabilities for that particular period. Working capital will determine the capacity of a business to pay off its current liabilities with current asset or cash and assets available … [Read more...] about How to calculate working capital

Bank provides different kind of working capital loans to large corporate and SMEs which includes Traders, Manufacturers, Service Enterprises, Retailers, Stockist, Distributors, Merchant Establishments, Departmental Stores, Supermarkets, Restaurants and Multi Brand Outlets etc to finance their day-to-day requirements. Cash Credit or CC is part of bank’s working capital loan … [Read more...] about What is Cash Credit, how it differs from Overdraft facility

Tax Haven can be a state or country or territory where taxes are levied at a very low rate or not at all. It’s described as “sunny places for shady people”. It also refers to places where the country or state has a system of financial secrecy laws or bank secrecy laws or offer favorable tax regimes for foreign investors. Financial secrecy or Bank Secrecy means these … [Read more...] about What is Tax haven, List of countries considered as tax heaven

There are two ways to make money on stock investments: capital gains and dividends. Dividend can be distributed in the form of cash or stock. Both type of payments are distributed our of companies profit by reducing retained earning. Dividends can provide steady periodic income, while capital gain requires action to convert share to cash. When an investor sells share of a … [Read more...] about Dividend income Vs capital gain – Meaning and Difference

In simple term compound interest is interest on interest. This means, compound interest is the interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan. For example, if you deposit Rs 100 into your saving bank account @ 10% compound interest rate per year, in the first year you get Rs 10 as interest. In the … [Read more...] about Compound interest calculation and The rule of 72