Tag: savings
The most common and accepted form of investment is fixed deposits. The interest which they earn gets added into their income and thus they end up paying marginal rate of tax. For example a person, who is 30% tax slab, gets Rs. 1,00,000 interest income on his fix deposits at the interest rate of 9% […]
Inflation is an essential part of Financial Planning for the planners as it affects both, the earning and expenditure aspect of the planning. The increase in inflation rates are usually followed by increase in interest rates to overcome the increasing inflation which in return affects the return on equity of the industries that are dependent […]