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A Look at Taxable and Non taxable Allowance for salaried people

An allowance is a financial benefit of a fixed amount of money provided by an employer to meet a particular type of expenditure over and above regular salary. Allowances are regarded as part of the salary and are taxable, except for those under exemptions under various sections of the Income Tax Act. Based on the …

Processing Fees and Other Hidden Charges You Pay to the Bank

Processing fees is the most initial fee charged, which forwards the costs to the borrowers for their documentation, appraisals, employment and credit history, or any other information necessary for the lender’s underwriting department. Along with the processing fees, home loans come with several other fees, charges and penalties. Not all banks levy all the charges …

Home Loan Balance transfer

Home loan balance transfer is when you transfer your home loan amount from the existing bank to another new bank. This is usually done to avail better service and lower interest rates from the bank which would be willing to takeover the home loan. It is also known as ‘Refinancing and Home Loan Take Over’. …

Insuring your Wedding Event is Possible Now

One of the most auspicious and much awaited events in life is Marriage, which marks the beginning of a new phase. The wedding ceremony is one such occasion which brings together friends and family to create the most pleasant and memorable experience. A marriage ceremony also incurs a substantial amount of expenditure largely depending on …

Business Loan Agreement – An Overview

A business loan agreement is an agreement between the lender and the business. It is basically a document stating out the entire details of the loan agreement and it is of vital importance throughout the tenure of the business loan. So it is essential that before signing in the agreement, you must check and be …

Brief Guidelines for Buying the Right Insurance Policy

Though we are all aware that life insurance provides an umbrella of security to our family from any unfortunate events and helps us in protecting from financial losses or going through uncertainties, but choosing the right cover for yourself and your family is essential. Before opting for or investing in a life insurance policy, individuals …

Applying for an Instant Loan

Many loan seekers these days choose Instant Loan over traditional personal loans. The financial world is going through a rapid change. Bank processes which were tedious and time taking are readily available and paperless. The ATMs and online banking, has made the queuing for deposit and withdrawal vanish. Now getting a loan is quick, pre-approved, …

Is it Important to have a Budget

A budget is a plan for every Rupee you have, it is an estimate of income and expenditure which you should have for a set period of time. It ultimately gives you more financial freedom and a life with much less stress. The simplest form of budgeting is dividing your income among needs, wants, savings …

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