Saturday, October 31, 2015

Tax Saving Instruments and Investment for salaried employees In India

Tax Saving Schemes for salaried employees India
As the financial year proceeds to ends many of my colleagues and friends started thinking of about tax saving though I have always suggested them to do it in a planned way from the start of the year it never happened. Since we all know that we can save up to 1 lac under Section 80C of the Income Tax Act and there are lots of tax saving scheme available.

7 Things to Consider While Buying Online term Insurance plans

Online insurance plans like an online term insurance plan, online health insurance plans are getting popular due to their lower cost compare to buying similar insurance plans from agents or insurance agency.  An online terms insurance plan for 1crore for 30 years may cost you around 5500 from ICIC Prudential iProtect which is way lower than if you buy it from any insurance agent.

Saturday, October 17, 2015

Can I repatriate funds from NRE or NRO Bank account? Yes

Yes, you can repatriate funds from NRE, NRO or FCNR account to abroad, but each has their own rules and limitations. NRE and FCNR accounts are most flexible in terms of repatriation, also known as freely repatriable, which means that no prior RBI approval is required to remit funds overseas from these account. This includes both NRE and FCNR fixed deposit as well as NRE saving the account. You can also repatriate both principle and interest earned to overseas from these two accounts.