Why My Bank Deducts TDS and How to Avoid the same
The banks are under the statutory obligation to deduct tax at source from depositors account if the total interest paid/ payable in all term deposits held by a person (i.e. held under the name of same identity) exceeds the amount specified under the Income Tax Act. After the end of the financial year, each bank...
Loan against Securities – A Viable Substitute for Expensive Personal Loans
Taking a loan is a very tedious job. To look for the loan that perfectly suits your needs is another big worry when you look for it. Taking suggestions from your friends and relatives for the perfect loan is the idea that most of you follow but finally end up with a taking loan from...
EPF Rules Not Known to Many
When we talk about Employee Provident Fund (EPF), we mean to say an equal contribution of 12% of basic salary by employee and employer. However, there are many rules related to EPF which are not known to people. This article will discuss such unpopular information: 1) EPF provides for nomination facility If you have not opted...
Why My Bank Deducts TDS and How to Avoid the same
The banks are under the statutory obligation to deduct tax at source from depositors account if the total interest paid/ payable in all term deposits held by a person (i.e. held under the name of same identity) exceeds the amount specified under the Income Tax Act. After the end of the financial year, each bank...
Effect of Employment on your Loan Eligibility
One of the key indicators of any person’s credit profile is employment. Banks make credit profile of each person who contacts them for any kind of loan. It is an extremely essential part of all loan applications process and the banks consider it very gravely before sanctioning any type of loans. There are several factors that...
Save Your Taxes with Bank Fixed Deposits
Our Indian masses love to keep their surplus funds in fixed deposit for a very simple reason – it offers security as well as fixed return. A Tax Saving Fixed Deposit has an additional benefit, it aids in saving your income tax as well. There are several ways of investments through which you can save your tax,...
Quick Facts About the CIBIL Report – You Must Know
Applying for a Bank Loan is the only option that people are left with when they face traumatic phases of finances in their lives. But, contrary to the common belief that a bank loan is easy to get, there are a few criteria that have to be fulfilled in order to be eligible for it....
This is How a Bank Lends Money
Banking has come a long way from simple money landing functions to today’s multifunctional mega banks. Now, the banks have become big financial entities which cater to the various needs of a wide range of clients. These banks have complex working system, in order to remain viable and reliable. Let’s have a look at the...
EPF Withdrawal Without Employer Signature – Is It Possible?
I still smile when I think about the time when I left my first job. I had certain issues with my boss and I was too young to realize that situations in working life require calm and composed nature. I had an argument with my boss and within a week’s time, I searched a new and...
Education Loan for B-Schools – All You Want to Know
Higher education is becoming more and more expensive. The cost is especially spiralling up in the case of high demand courses like Engineering and MBA. Premiere institutes like IIMs have ramped up their fees. Currently IIMs can cost up to Rs. 15 lakhs for their two year post graduate program. In many cases, deserving students...
