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In the most common understanding of the word, 'bonus' is a reward or any extra amount that one may receive over and above the base amount. A similar concept is also applicable to your life insurance policy. In this context, a bonus is an additional sum which gets accrued to the policy on a yearly basis.
Read MoreBudget 2013 was much awaited by the investing community as the existing Finance Minister, P. Chidambaram has a reputation of doling out incentives for long term serious investors, however it did not excite investors as there was nothing much for them.
Read MoreIn our first article in this series (Tax Planning Series I – Deductions under Income Tax Act) we spoke about the various tax rebates you can avail under different sections of the Income Tax Act.
Read MoreYoung folks who are just starting their careers have no big financial responsibilities. They face instead the temptation to spend on partying, shopping, gifts, gadgets and other indulgences.
Read MoreINR has depreciated rapidly in the recent past, registering all-time lows against the USD and thereby marking a new risk for Indian economy. In the year 2011, the INR depreciated by around 18%. It nosedived again in 2012, after a brief spell of appreciation in January and February triggered by the sudden inflow of foreign capital.
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