Despite intermittent attempts by lenders to come out with fixed rate home loan products, the high interest rates (as compared to floating rate home loans) ensured that they were not considered as a real option by consumers.
On maturity, 40 per cent of the accumulated corpus can be withdrawn tax-free.
If you are one among the millions of existing borrowers who are paying a higher interest rate compared to new borrowers of the same bank, make your shift now, before prepayment charges make it more expensive.
The Reserve Bank of India has told banks not to levy penal charges for non-maintenance of minimum balances in any inoperative account.
A lot of people are hesitant to use this route because of the heavy turnover of these assistants.
The 40 per cent exemption benefit is applicable only for employees.
The government has become used to accounting for TDS as its income even though it knows a significant portion needs to be returned as refund
Section 54 provides a tax-free method to convert unaccounted money into accounted money, says Harsh Roongta.
The group policy that an employer will have taken will not allow you to carry your claims history if you decide to leave that particular job. That means if you do happen to leave that job (but in the meantime there has been an illness to any of the covered persons) than it will be an pre-existing illness as far as taking a fresh independent polcy is concerned, says insurance expert Harsh Roongta.
The entire 'teaser rate' phenomenon only ended up benefiting lenders and developers at the cost of the loan consumers.
The interest payable on personal loan as well as the princiapl repaid will be eligible for a deduction.
The player still refuses to pass on the reduced temperature to the stadium.
If you have a huge debt, pay up, don't neglect it, says personal finance expert Harsh Roongta.
One should concentrate on using credit card only for planned expenses rather than trying to plan an optimum usage of all the cards, says Harsh Roongta.
The average rate of rupee depreciation vis--vis the dollar over the last 20 years is around 3.50 per cent per annum
The total number of passenger vehicles (cars and utility vehicles) sold annually in the 1970s was 32,000 units - less than even one week's sales today.
The idea was that despite some defaults the high rates would assure good profits.
The abolition of wealth tax is again a welcome step.
How will the government's decision to demonetise Rs 500 and Rs 1,000 notes help curb the creation and flow of black money into the Indian economy?
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