Finance

Real life experience and money saving tips about home loan, personal finance, credit cards and things that bank would not tell you.

sbi maxgain home loan account helps earn more interest than savings account if you plan carefuly

SBI Maxgain Home Loan Account – Park Money to Earn Higher Savings Interest

 20 Jun, 18 

SBI maxgain home loan account helps you earn more interest on savings by setting off high loan interest outgo. NRI need Power of attorney for closing maxgain account. Surplus amount withdrawal is allowed only after possession and full disbursement of loan. NRE account to maxgain OD account is one way, non-repatriable.

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HRA Exemption – Maximize Tax Benefit In India

 20 Jun, 18 

Calculate HRA exemption with formula. Find Monthly rent to get the highest tax rebate in Metro or non metro city. Rent receipts required if paying more than 3000 per month. Landlord PAN required if rent is more than 1 Lakh per annum. Paying rent to family member is allowed.

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Registered power of attorney for property management in India

Registered Power of Attorney In India For Managing Property

 18 Jun, 18 

Registered power of Attorney In India is required to manage property if you are NRI. Use the sample POA template and register in SDM or registrar office. NRI or non-Indian passport holder need attestation of PoA by Indian embassy before registration in India. Registration at PoA holder's state with address proof.

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Cost of sending iphone to India from USA

iPhone to India from USA – Custom Duty, Shipping Cost of sending

 18 Jun, 18 

Sending phone from USA to India is expensive than buying in India. Indian Buyer pays the Custom duty and GST tax, at very high rate of 34%. Marking as Gift does not evade custom duty. USPS Global delivery is cheapest. Carrying by hand and not declaring at Indian airport custom can help you evade duty but not safe.

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Cost To Company India - How does it differ from Take Home Salary

What is CTC? Difference between CTC Package & Net Salary?

 17 Jun, 18 

CTC full form is Cost To Company. It means total salary package and benefits received by employee in a year including free meals, cabs, interest free loans. CTC = Direct benefits + Indirect benefits + Saving Contributions. Take Home pay = Direct Benefits – Income tax – Employee PF – Other deductions, if any

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Unspent Per Diem Received Abroad is Taxable In India

 15 Jun, 18 

Unspent per diem allowance is taxable in India if you bring it back. Per diem is meant for daily business exoenses that you should have spent and if not, it becomes your income. Cash, if declared in ITR is taxable. You can buy personal items like laptop and bring to India instead of cash to avoid taxation.

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