Finance

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

Avoid Sales Tax gold buying in USA

How to Avoid Sales Tax on Jewelry in USA

 4 May, 18 

Avoid Sales tax on Jewelry by purchasing from out of state gold shop and then ship. Use tax is due in your state but no tracking is done for small and medium purchases. Can pay in cash to avoid tracking, is any. Buy gold bars, engagement ring, diamonds from New Jersey and ship it your home address outside NJ/NY.

0 Finance
Perquisite value of company leased accomodation

Tax on Company Leased Accomodation – CLA Perquisite Value

 3 May, 18 

Calculate Company Leased Accommodation tax. Complex CLA rules for income tax in easy terms. HRA vs CLA decision should be made to get maximum tax benefits.

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

Food Coupons or Meal Vouchers help Increase in-hand Salary – India

 30 Apr, 18 

Food coupons help you save income tax on purchases, increasing your in hand salary. Legally, Meal vouchers are Tax exempted to Rs 50 per meal during working hours. Buying grocery is allowed including payment by food card at restaurants, sweet Shops, bakeries, food outlets (Pizza hut, KFC, Subway) Big Bazaar retail.

7 Finance
Loan from public sector or private sector bank? Evaluate costs, loan process, after sales service with re-payment, pre-payment and flexibility

Loan From Government Bank Vs Private Bank – Whats The Difference?

 29 Apr, 18 

Compare Loan from private vs public bank India. Public banks offer low processing fees, faster reduction in interest rate with RBI REPO rate reduction, no pre-payment charges and no pre-payment period restriction. Private bank have faster processing, good customer care but high interest rates and charges.

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Cost of taking home loan in India - Expenses and Fees That you need to pay

Cost of Home Loan in India – All Expenses listed

 26 Apr, 18 

Cost of home loan In India includes processing fees, home loan insurance, home insurance premium, legal adviser fees, property valuation fees. These costs are not part of loan. Home loan insurance can act a loan guarantor if needed in government bank. Plan for expenses before applying housing mortgage.

9 Finance
Home loan insurance can act as your guarantor, if you do not have any

Home-Loan Insurance as Loan Guarantor in India

 25 Apr, 18 

Get home loan without guarantor by using Home Loan insurance. Bank needs a loan guarantor for approving home loan in India. Home-loan insurance can be a collateral security if relatives can't help. Premium is high. Insurance is only for loan and Home property insurance is separate. Premium can be paid monthly with EMI.

10 Finance