Personal Finance Bloggers in India are growing by the day. Blogging is a new found passion that many have taken to either full time or as a part time activity. Yours truly is a victim of this craze as well. While there are a whole lot of personal finance bloggers today, some stand out tallRead More
Your guide to advance tax
Paying taxes is a game that is going to catch up with you all the year round. So if you have just filed your income tax returns (ITR) for last year, it’s time to swing in action to pay advance tax depending on what time of the year you are in. Who pays advance taxRead More
4 reasons why your spouse must know about the household finances
A majority of the India households have the finances driven by the male counter part. That does not mean they are driven smartly. Women can manage finances equally well, its just that its often a boring activity and women would prefer something better going on at the soap operas. And in houses where the womenRead More
What is cost inflation index and indexation ?
What is cost inflation index and indexation ? To understand indexation, let us quickly see what we mean by capital gains. If you sell an asset such as real estate, stocks, mutual funds, jewelery etc, you earn a profit from such a transaction. This profit is called capital gain. If you sell an asset afterRead More
How to create a personal or home budget ?
Have you been ever involved in your home budgeting or your personal budgeting during your overall financial planning process ? If you belong to the strata of investors who do not know where your income is going, then you are not the single one out there. Most of the investors I have interacted with doRead More
Income Tax (IT) deduction of House Rent Allowance (HRA).
House Rent Allowance or HRA is an allowance given by the employer to the employee for taking care of his rental or accommodation expenses. Note that your employer can choose to offer you HRA in your salary package irrespective of whether you live in a rented accommodation or in your own house. While most ofRead More