RBI Tax saving bond is also called Wealth tax. A wealth tax is a tax on an entity's holdings of assets. It can purchased through:- https://rbi.org.in/home.aspx This includes the total value of; Personal assets including cash. Bank deposits. Real estate. Assets in insurance. Pension plans. Ownership of unincorporated businesses. Financial securities, and personal trusts. [...]

Leave encashment denotes an amount of money obtained in exchange for a period of leave not availed by an employee. An employee can take encashment of acquired leave during the period of retirement. During the maintenance of service or at the time of resigning the job, employees do it. How leave encashment is calculated? [...]

Bookkeeping and accounting are two terms that are often used interchangeably. But both of them are different. The difference between bookkeeping ad accounting can be analysed from the below advantages and limitations: Bookkeeping Bookkeeping Means the recording of financial transactions and is part of the process of accounting in business and other organizations. Transactions [...]

What are the main criteria for applying for a business loan? Age Limit: The applicant should be a minimum of 21 years and a maximum of 65 years. Income: The business should be profit-making at least for the past 2 years. Turnover: ₹150,000 p.a. should be the minimum annual income. Essential documents needed for [...]

The following are some most popular loan schemes that you can avail in India: 1. PMEGP (Prime Minister's Employment Generation Programme ) Who is eligible for PMEGP? Any individual above the age of 18 can apply for the scheme. Persons with educational qualifications of 7th standard are eligible for this. There will be no [...]