Buying your first home comes with making a lot of big decisions, and it can also be as scary as it is exciting. Hence, it is very common and easy to be confused and swept away into the whirlwind of home buying and make mistakes that could leave you with buyer’s remorse later. For most … Read More “Mistakes to Avoid as a First Time Home Buyer” »
Category: Finance Tips
The interest that gets collected in your savings bank account must be declared in your tax return under Income from other sources. It is necessary to note that the bank does not deduct TDS on savings bank interest. Interest from both fixed deposits and recurring deposits is taxable while interest from savings bank accounts and … Read More “Do I Have to Pay Taxes on Bank Account Interest?” »
What is Health Insurance? Health insurance is a contract in which an insurer agrees to pay some or all of a person’s medical expenses in exchange for a premium. More specifically, health insurance often covers the insured’s medical, surgical, prescription drug, and occasionally dental expenses. Health insurance can repay for medical expenses incurred to the … Read More “Things to be considered while Choosing Health Insurance” »
Even if you have a detailed monthly budget, you are very likely to encounter an unexpected expense. This makes it nearly impossible to keep spending consistent from month to the next, and if you are living off of a regular monthly paycheck, any unexpected cost can completely throw you off your planning. In case your … Read More “How to Budget for Major Expenses” »
Tracking your costs (also known as tracking your transactions) is simple just like a daily habit. And, like other key habits, such as flossing, it takes some effort and repetition to transition from attempting to remember to doing it naturally. But you’ll make it and your wallet will thank you. Simply follow the instructions below: … Read More “Everything you need to know about tracking expenses and budgeting” »
ICICI Securities is a segment of the ICICI bank that deals with the investing activities of its customers. The official name of the segment is called ICICI Direct, a website and an application that compiles all investment-related information, updates, and overview. ICICI Direct is one of the largest retail stockbrokers in India and is a … Read More “ICICI Securities Review” »
The levy on the profit gained from an investment that is incurred when the investment is sold is known as capital gains tax. When taxable investments like stock shares are sold, the profits or capital gains are referred to as having been ‘realised’. Capital gains tax does not apply to unsold investments or ‘unrealised capital … Read More “Your Ultimate Guide to Capital Gains Tax” »
What is a Credit Score? It is a numerical representation of a consumer’s creditworthiness and lies between the range of 350-800. It is the primary metric that a lender considers while deciding whether the said consumer should be lent money or not. It goes without saying that the higher the score, the better it is … Read More “How to Improve your Credit Score” »
The term IRA stands for Individual Retirement Account which in reality is a savings account with tax advantages that a consumer can avail of by opening and participating in long-term investment. An IRA is formed to encourage and incentivize individuals to save for retirement. Any individual who earns income is eligible to open an IRA … Read More “Gold IRA (INDIVIDUAL RETIREMENT ACCOUNT)” »
CIBIL stands for Credit Information Bureau (India) Limited.CIBIL depicts TransUnion CIBIL Limited, an Indian company that has access to all credit information available on Indian citizens In simple terms, the CIBIL score is a consumer’s credit score. It is a three-digit numeric indication of a consumer’s creditworthiness, credit profile, and credit history. Numerous factors come … Read More “CIBIL SCORE” »