Clubbing Income and Gains
Introduction
In this article I will be writing about the clubbing of Income. There is the possibility that people will distribute their income to other family members for reducing the tax burden. For the reason clubbing of income from some of close relationships like minor child,wife,etc. This article explains it in detail about the clubbing of [...]
Ask your Questions
Today I am starting new section for the Questions and Answers. I am very happy with the response from the readers for each post in this blog. I felt that it would be good idea to create seperate section for answering all the questions from the user apart from replying to the comments. Another advantage [...]
What documentation is required to open a senior citizen Fixed Deposit?
While opening the account, the customer needs to provide proof of age establishing that he/she is a Senior Citizen. To accomplish this, either of the following can be submitted:
Secondary School Leaving Certificate (10th Class)
LIC Policy
Voters Identity Card
Pension Payment Order
Birth Certificate issued by the competent authority
Passport
Defence ID Card / Govt ID Card (Provided they have the [...]
HDFC Bank Fixed Deposit Interest Rates (2009)
HDFC Bank revised its Fixed Deposit interest rates effective from May 18, 2009.
Period
Amount
Interest Rate (per annum)
**Senior Citizen Rates (per annum)
Effective From
7 – 14 days
Below Rs.15 Lacs
2.25%
2.75%
May 18, 2009
15 – 29 days
Below Rs.15 Lacs
2.25%
2.75%
May 18, 2009
30 – 45 days
Below Rs.15 Lacs
3.00%
3.50%
May 18, 2009
46 – 60 days
Below Rs.15 Lacs
3.50%
4.00%
May 18, 2009
61 – 90 days
Below Rs.15 Lacs
3.75%
4.25%
May 18, [...]
Top 6 Rules for TDS on Fixed Deposit
Introduction
Earlier I have written one detailed article about How to avoid TDS on Fixed Deposit?. That article gets lot of attention and readers started asking many questions related to TDS and fixed deposit. I felt that I have missed few points in that article it is better to write another article which supparize the important [...]
Debt Consolidation Loans and Settlement
Introduction
In this article I will be writing about the debt consolidation and how to settle the debts which is not payable. This article intend to focus on the USA audience and will be reviewing a website which offers these services.Basically in USA, many consulting companies offers these kind of services to their clients to reduce [...]
ForClosure of ICICI Bank Personal Loan
This blog just posts information for ForClosure the personal loans availed. This is common practice to close the loan before the period is over. For example if you got 2 lakhs as Personal Loan in the ICICI Bank, then EMI for the two years tenure would be Rs.9556. Assume the rate of interest is 14% [...]
SBI’s 1000 days Fixed Deposit(FD)
Until a few years ago, FD rates were quoted in either number of months or years, but ICICI Bank took the initiative to launch specific days FD with launch of 390/ 590/ 890 days FD.
With the turmoil in US financial market and its impending effect on India, Indian customers are now more inclined to invest [...]
