Finance

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

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

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

Written by Anil Gupta
  By Anil Gupta       20 Aug, 19
 

CTC full form is Cost To Company. It means total salary package & benefits received by employee in a year including free meals, cabs, interest free loans.

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HRA Exemption India Rent Calculator 2019-20

Written by Anil Gupta
  By Anil Gupta       1 Aug, 19
 

HRA exemption for tax refund online calculator. Rent receipts required >3000 /month. Landlord PAN needed >1 Lakh/year. Pay rent to parent/wife to save tax.

96 Finance
Food coupons are tax exempted and help you buy grocery too

Food Coupons, Meal Vouchers Tax Exemption in India

Written by Anil Gupta
  By Anil Gupta       31 Jul, 19
 

Food coupons save income tax on Rs 50 per meal in working hours. Grocery, use food card at restaurant, Sweet Shop, bakery, Pizza hut, KFC, Subway, Big Bazaar.

16 Finance India

LTA – Leave Travel Allowance, Income Tax Rules explained

Written by Anil Gupta
  By Anil Gupta       23 Jul, 19
 

LTA is leave travel allowance meant for making tax exempt holiday once in period of two years with or without family. Air travel, train ticket cost (economy or first class AC), hotel and taxi bills within India (no abroad) are allowed. Full LTA that is part of CTC can be claimed with receipts.

17 Finance
How Jewellers Earn Money

How Jewelers Make Money Selling Gold Ornaments at Market Rate?

Written by Anil Gupta
  By Anil Gupta       22 Jul, 19
 

How jewelers make money in India is by pricing at 24 carat and selling you 18 carat gold. Non gold extras like paint, artificial add-ons are added to gold weight. Buy BIS mark gold for safe deal. Making, polishing, design charges are source of profit. Seller buys back its own gold at lower rate by deducting 10-20%.

34 Finance

Unspent Per Diem is Taxable In India if brought back as cash

Written by Anil Gupta
  By Anil Gupta       21 Jul, 19
 

Unspent per diem is taxable in India if brought back and declared in ITR. Only business expenses allowed. Buy laptop, mobile, garment with cash to avoid tax.

166 Finance