Income Tax Slabs for Financial Year 2012-13

Here’s the Income Tax Slabs for the financial year 2012-13, based on the budget presented by the Finance Minister on 16th March 2012. Genera...

New Income Tax Slabs

In the union budget for financial year 2009-10, the Finance Minister has announced new tax slabs. General Till 1,60,000 – 0% 1,60,001 – 3,...

How does Short Term Capital Gain/Loss work?

I found this interesting snippet circulated through email by ICICIDirect, which describes in simple anecdotes how Short Term Capital Gain/Lo...

How to best manage your credit card?

Credit cards are very useful and handy if used wisely and if not used wisely, it can give so much of a head ache. So the knack is to use the...

Avoid owning multiple savings bank accounts

A large number of people own savings accounts in several banks. Some are inherited from their previous jobs while some are opened to avoid t...

Finacial Control

Even though the plastic money has lot of advantages, credit cards are one of the dreaded financial instruments as far as consumers are conce...

Balance Sheet, Cash Flow Statement and Saving Tax

The balance sheet is one of the key financial statements of a company and is of particular interest to an existing or prospective shareholde...

No proof required for LTA & Conveyance allowance claims

In a landmark ruling, the Supreme Court has said that employers are not under any statutory obligation to collect supporting evidence and fu...