Finance

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

LTA – Leave Travel Allowance, Income Tax Rules explained

 4 Dec, 18 

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.

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

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

 2 Oct, 18 

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.

10 Finance
EPF Vs VPF Vs PPF

EPF vs PPF Vs VPF – CTC and Salary Slip

 25 Jul, 18 

Compare Employer Provident Fund (EPF) vs PPF (Public Provident Fund) vs VPF (Voluntary Provident Fund). EPF, VPF @12% of basic. Open all EPF+VPF and PPF.

9 Finance
How Jewellers Earn Money

How Jewelers make Money by selling Gold Ornaments at market rate?

 26 May, 18 

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%.

32 Finance
GPS in Smartphone

Does GPS SmartPhone Use Data – Mobile Internet Plan?

 26 May, 18 

GPS in smartphone uses mobile internet data if you don't have maps downloaded on smartphone. Google maps has offline maps feature save mobile data. Global Positioning Service - GPS is provided free of cost by satellite everywhere. Data will be used to get maps on the go with T Mobile, Verizon, At&T, Airtel, Vodafone.

21 Finance Tech Tips
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