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Indian Stock Market News and Views.

Tax Saving Tools

| Filed under News and Views

Do you think tax is a burden? Most of the tax payers believe so. If you are a wealthier man, you have to submit a huge amount as tax for the government. To down your tax payment it is necessary to establish a well tax planning criteria which limits the tax pay. For good tax saving, knowledge about the available deductions and exemptions granted by the income tax act is an essential element. So try to gain all the details about those allowed deductions to feel a fare tax system.

save tax1 Tax Saving Tools

Tax deductions allowed by the IT act will help you to reduce the tax incurred on you. Allowances, educational expenses, home & vehicle repair expenses, medical expenses, Insurance premiums, telephone re imbursement, home loan payments etc are eligible deductions one can possess. The tax exemptions are also come under the tax saving options. So also concentrate on the exemptions you have. Some mode of investments also eligible for deductions. Some of the are investments on stock, bond, real estate, post office schemes, fixed deposit schemes of certain financial institutions, fixed income security schemes like provident fund scheme etc are also come under deduction category.

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Advantages and disadvantages of personal loan

| Filed under Economy

bigstockphoto personal finance  43186 300x199 Advantages and disadvantages of personal loan

At any situation you don’t have enough cash for your need; personal loans will surely help you to overcome the misery. Personal loans are most probably the fastest and easily available loan product. However compared with other loans such as home loan, property loan etc, it is more costly. From bank to bank interest rate will vary based on your personal profile. As the nature of your employment changes, the interest rate should vary from 12-24%. There for before taking a personal loan, you should ensure that you get the best deal for your profile.

There are two kinds of personal loans. Secured personal loans (needs guarantor or security) and unsecured personal loans (doesn’t need guarantor or security). As compared with other kinds of loans they have some limitations. In the same way, benefits are also there. Even if personal loans are almost the best option for your urgent cash need, but you must have to take care of the benefits and draw backs related to them before going for a personal loan.

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