Article

Why your credit score is not improving?Credit score is a vital tool for assessing your financial capability while opting to apply for a home loan, personal loan and credit card. Sometimes, you may feel you have made your payments on time and still you might have low credit score. It can be a puzzle as there are a lot of factors go into deciding your credit score. Let us look at the reasons why your credit score is not improvi

Incomes that are exempted from taxIt is generally assumed that the more you earn, the more you are liable to taxation. But this is not completely true as certain types of incomes do not attract any type of income tax. Here we bring you 10 such type of incomes for your knowledge.1. Agriculture IncomeUnder the provision of the Indian Income Tax Act 1961, agriculture income is fully exempted from tax liability. But if the net income is more than INR 5000, it wi

Tax Benefits on Personal LoansPersonal Loans are unsecured loans, which is ideal for situations when you need funds but don't have an asset to pledge as security. Generally, the personal loan is not taxable, as loans are not considered a part of your income when you are filing your IT returns. However, the personal loan must be from a valid source like a bank or other financial institution as loans from unknown sources may be considered as income while computing your taxes.

Five ways to avoid Credit Card over limit chargesCredit cards are handy in times of urgent shopping, bill payments and much more. But if you ask people what comes to their mind when they think of Credit Cards, the response mostly would be the fear of accumulating debt. While Credit Cards offer numerous offers, benefits, and privileges, many end up paying over the credit limit.Credit Card is indeed an effective tool and profitable when the right card is chosen and managed

Saving Vs Investing - What are the differences?A healthy financial status is a sign of prosperous life. To ensure that one must set his/her financial goals at the earliest. When it comes to financial goals, we are familiar with these two terms Saving and Investing. Knowing the subtle difference between the two will help you become financially prudent.Definition of SavingSaving could mean an amount l

Easy ways to raise money and make your travel dream come trueMany want to take a break from their busy schedule and unwind with a trip to a faraway exotic destination. However, lack of resources might play spoilsport against your ambitious trip.How can you overcome this little hiccup and raise funds for your travel? Read on to get the answers!1. Convert your Gifts into FundsOn ahead of your birthdays or festivals like Diwali, Christmas, Ramzan, you ca

Housing for All - The Pradhan Mantri Awas YojanaA Vision to make housing, affordableMore than half the world's population now reside in cities, and with cities getting more congested, the pressure on building homes for the urban poor and the middle-income groups is like never before.The Pradhan Mantri Awas Yojana (PMAY) scheme is part of the government's 'Housing for All' initiative and was launched in the year 2015. The aim of this initiative is to provide

Want to know how the changes in income tax rules in 2017 affect you?Don't have the time or inclination to plow through all the details? Do not worry – we have presented a quick summary of the specific provisions of this year's budget that affect you and your pocket. Provisions/changes in personal income tax are invariably the most eagerly awaited part of the Budget announcement. Following is an

Credit Card with Fingerprint ReaderIf it is on your smartphone, why should not be on your credit card?We are talking about fingerprint scanner or reader, of course, ever since its appearance as a button on a smartphone, it has become ubiquitous. A fingerprint is the primary and unique identification for any individual and provides security and identification that no PIN number or passcode can provide.Credit Card+ Fingerprint ScannerMastercard,

Is Gold Investment a Good Idea in 2017India's love for gold is well documented. The fact that India is one of the largest importers of gold comes as no surprise. Indians, particularly south Indians, have a particularly emotional bond with gold. It is also perceived as a popular investment tool—one of the major reasons why Indians buy gold, although tradition and culture also explain the allure of gold.How to invest in goldGold is a generally safe instrumen

How to Get Education Loan From SBI?Rising cost of education is a concern for many aspiring students. Every year, lots of meritorious students fail to pursue their dream course from their dream university due to lack of awareness about education loans.An increasing number of Indian students are aspiring to pursue higher education abroad, or get into premier universities in India. Pursuing undergraduate and postgraduate degrees is no piece of cake, given the soaring costs o

How to Get a Mortgage with Bad CreditA mortgage loan is given against the mortgage of a residential or commercial property. If you own land or property, then you could mortgage it with the lender to raise funds. The property's market value is assessed and the loan is given as a certain percentage of the property's current market value. This could range anywhere from 40% to 60% the current market value.This product is a secured loan since the loan is secured against your p

How to Link Aadhaar Card with the PAN CardAccording to the Supreme Court ruling, it is mandatory for the taxpayers to link the Aadhar Card with the PAN Card and the deadline was set at 30th June. With the deadline already having expired, many might have failed to link the two documents. Have you not yet linked? You can relax! The date is further extended. Here are the procedures how you can link your Aadhaar card with the PAN card. How to link Aadhaar and PAN?

Impact of GSTBeing hailed as the biggest tax reform in India, the GST rollout is expected to redefine the entire tax system across all sectors. Unifying all taxes under one tax as ‘Goods and Services Tax', is truly a revolutionary step aimed to curb the impact of inflation on basic commodities. The GST slabs are fixed at 0%, 5%, 12%, 18% and 28%.Let's get a glimpse of how GST impacts real estate, automobile, personal loans and credit cards, and shopping. Impa

What is a Home Equity Loan?Owning a house is the best asset one can possess. A house is an asset which can be used to support various financial needs. For situations like college education fees, house renovation and repairing, medical bill payment or any major requirements, your property can act as a solution. Home Equity Loan allows you to borrow a considerable amount of money against the value of your residence. This is a secured loan as the lender can get back the loan

Common Reasons Medical Billing Claims Get RejectedThe denial or rejection of your medical billing claims can be quite disappointing. Despite the excellent work done by the medical billers, your claim may still be rejected for the reasons which might not have even occurred to you.What are the common reasons that lead to the rejection and how can you make it certain that your claim gets through? Here are the answers.Failing to file the claim within the

Things you must know before agreeing to be a guarantor for a loanIf a friend or a relative asks you to be a guarantor for a loan, it is hard to break free from the obligation.  However, before agreeing to be a guarantor, it is safe to know the terms, conditions, and responsibilities.A guarantor on a loan is the person who pledges to repay the loan to the lender if the principle borrower defaults. Lenders usually insist on a guarantor when the borrowing amount is high

Tax Implications for Property Sellers and BuyersWhile it could be capital gains for a person who sells his property and an investment for the buyer, the both parties must know about the taxes that are levied on the sale of the property. The taxes are borne both by the buyer and the seller. Let us look at what are the taxes involved in a property sale and how can you claim tax exemptions.Capital Gains TaxThis tax is to be paid by the seller on the capital gai

Linking Aadhar Card to the Bank AccountAadhar Card has been made compulsory so that everyone benefits from the schemes implemented by the Government. To take it a step further, it is now mandatory to link your Aadhar Card to your Bank account to get subsidies and benefits directly from the government without having to go through several manual processes. This will also enable the Government to identify the needy.Have you not yet linked your Aadhar Card to your

Unhappy with your health insurance?Most of the health insurances have complicated terms and conditions and extreme care needs to be exercised before choosing a health policy. If you fail to pay extra attention, it might bring you hideous surprises from the insurance company. If you are unhappy with your health insurance policy, here are some steps to help you out.Free-Look PeriodYou have read the fine print of your insurance policy and you feel this product

What is a Balance Transfer?A balance transfer on a car loan allows you to review your debt obligations as per your budget. However, you need to be aware that there is a fee associated with the balance transfer. If you are looking to cut cost on your current car loan, then you can consider going for a balance transfer. This allows you to take advantage of lower interest rates and bring down the total cost of your EMI.Keep an eye out for offers on car loan balance transfers