Newsletter : March 2010

The only specific benefit for the salaried class in the budget is the scrapping of Fringe Benefit Tax. Companies may now be a bit more liberal with the perks offered to their executives. We can expect more on the ESOPS and Superannuation front as now they are free from the implications of the FBT.

A look at the tax implications on the various components of the Indian economy due to the Budget 10-11

There are taxes and there are taxes and then there are more taxes. Luckily unlike Mr. Chidambaram who had the

knack of coming up with unorthodox (synonym for painful) and fancy taxes like the FBT, STT and CTT, Mr. Pranab

Mukerjee seems to have other ideas. He has decided to abolish the CTT and FBT. This article gives a clearer perspective of the tax

implications of the Budget presented on 06 July 2009.

What happens if you have not taken out a mediclaim, but have expended a substantial sum on a family member's medical treatment?

Nobody knows when sickness strikes, thus it is very important to keep provisions for such unforeseen expenses.

But in a family set up where the breadwinner is perpetually struggling with mounting expenses, this aspect many-a-times

remains ignored. We often skip taking medical insurance, which is of utmost important considering the present scenario. It not only

leaves you prepared to face medical emergencies, but also makes you entitled for tax benefits.

In this difficult economy, you probably find it harder than ever to cope with challenges on the job. Both the stresses you take with you when you go to work, as well as the stress that awaits you on the job are on the rise – and employers, managers, & workers feel it all the time.
While some stress is normal, it can interfere with your productivity and reduce your physical and emotional health when it becomes excessive. So it’s important to find ways to keep it under control.

What you eat & drink at the workplace has a significant impact on your health. Most people eat at least one

What you eat & drink at the workplace has a significant impact on your health. Most people eat at least one meal at work

each day with some planning & out of the box thinking, you can make an eating plan that supports your optimal health.

The basic needs of man are food, clothing, shelter and entertainment. Today, most of us have graduated from needs to luxuries. When the newspaper headlines were screaming inflation at 11.9 per cent, it became a topic of worry. Today, the challenges are not just high standard of living, high commodity prices, and its job loss too.

How do you deal with meeting your basic requirements with less means to buy them?

1. Eat at home

Eating out can be expensive. If you are spending Rs 200 on eating out compared to Rs 50 at home, you would be

surprised to know the kind of amount you are spending. A systematic investment plan of Rs 150 (200-50) a day saved for 30 years

can give you returns in excess of Rs 5 crore!

Personal loans enable you to take care of your immediate requirements without much of a hassle. For instance you do not have to give any kind of security, collateral or even guarantees to avail this loan. Moreover you can utilize the loan amount for any purpose (except speculative purposes).

The amount of loan will depend on your eligibility based largely on your income or net take-home salary. The loan is repayable in equal monthly installments or EMIs and loan tenure varies from one to five years. Since personal

loans do not require any security or hypothecation of assets, the rate of interest charged by banks is higher compared to

any other secured loans which are taken against the security of an asset like your home, car, gold or even equities.

Is it easy to get a personal loan, since there is less paperwork, the bank does not have to verify any asset as it does in the case of home loans.

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