Luxury comes at a cost and this is going to be true in coming days with the clearance of Direct Tax Code or DTC Bill, 2013. It is not only proposed but most certainly will get the nod of Cabinet to tax the Super Rich @35% tax. The existing tax slabs are going to be revised with addition of another slab of 35% covering the Super Rich...Read More
After a long haul, a much awaited step has been taken by the Employee Provident Fund Organization (EPFO) to make online transfer of PF accounts, when an employee switches job from one company to another. This step will benefit over 13 lakh PF subscribers and also reduce the long time taking process and confusion.
After getting a huge response for the online verification of balance in PF account the Employee Provident Fund
Organization (EPFO) has taken this step to test the online transfer of acc...
The due date, which was today i.e. July 31st, 2013, has been extended in wake of “unprecedented surge” in number of IT returns being filed electronically...Read More
Finpinch attempts to provide useful tools, calculators and information to its visitors in a user friendly format on subjects of interest to user.It includes income tax calculator, mortgage calculator, EMI calculator, and other useful utility tools.
We invite users’ to give their feedback on how we are doing and suggestions to enable us to excel and make this site more valuable to you. Mutual growth and benefit for all is what we believe in.Read More
A new section 87A has been introduced in the Budget 2013-14 under Income Tax Act, 1961, which is applicable from 1st April, 2014, wherein an additional relief upto Rs.2,000 has been provided to assessees whose total income is upto Rs.5,00,000 in a financial year. This relief is applicable for individuals only.
The following points must be noted with regard to this section:
- This is a rebate and not a deduction. This rebate is from the tax and not a deduction from income.
- Total income under this ...
Rajiv Gandhi Equity Saving Scheme (RGESS) is a tax-saving instrument announced in the Finance Act, 2012 to attract new investors to the equity market. It is exclusively for first time retail investors in the securities market. These investors are called “NEW INVESTORS”.
Even after initial explanation some doubts do remain in the mind of investors. To remove those doubts here is a table with practical example to give you a deeper insight to exactly how Rajiv Gandhi Equity Saving Scheme (RGE...Read More
Heatth Insurance Plan: Health Protection
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
Health is a major concern on everybody?s mind these days. With sky rocketing medical expenses, the possibility of any illness leading to hospitalization or surgery is a constant source of anxiety unless the family has actively provided for funds to meet such an eventuality. Most families rarely provide for healthcare, and even if they do, it is grossly inadequate...Read More
Jeevan Arogya Introductions :
Health has been a major concern on everybody’s mind, including yours. In these days of skyrocketing medical expenses, when a family member is ill, it is a traumatic time for the rest of the family. As a caring person, you do not want to let any unfortunate incident to affect your plans for you and your family. So why let any medical emergencies shatter your peace of mind.
LIC has launched LIC’s Jeevan Arogya, a unique non-linked Health Insurance plan which provid...Read More
An individual is unaware of many hidden charges that eat into his hard earned money, leaving him with less to invest and less to earn. As it is a known fact that,“someone’s pain is someone’s gain” and it aptly fits the financial services jargon. An individual is sold such policies, houses or loans which gives maximum return or commission to the bankers, real estate agents, insurance agents, etc...Read More
An Inflation Indexed Bond, is a bond which assures a return higher than the inflation rate if held to maturity. The interest rates or which actually called coupon rates and capital appreciation of these inflation indexed bond is linked to the rates of inflation, hence the investor can be assured of safe returns. In other words the risk factor is reduced to NIL and investor can be assured of the return promised.
The government will start issuing inflation indexed bond from June’ 2013, that would ...Read More