Finance

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

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.

5 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
CTC re-structuring to increase in hand salary

CTC re-structuring to maximize in-Hand salary in India

 25 Apr, 18 

Use conveyance, medical, telephone, education, HRA, LTA, training, qualification allowances to pay for services without paying income tax. They can be part of your CTC and help you increase your in-hand salary.

2 Finance
EPF Vs VPF Vs PPF

EPF vs PPF Vs VPF With Respect To CTC And Salary Slip

 24 Apr, 18 

Compare Employer Provident Fund (EPF) vs PPF (Public Provident Fund) vs VPF (Voluntary Provident Fund). EPF is part of employee CTC and is added to employee VPF by employer @12%. VPF is contributed by employee from his monthly gross @12%. PPF is separate PF account for public. One person can have both EPF+VPF and PPF.

9 Finance