What is a Balanced Fund?Balanced funds a.k.a. hybrid funds are a type of funds which don't take full exposure either in equity or in debt. They invest in both equity and debt in a well defined ratio as per the fund's mandate. An investor with a low risk capacity and having dependents can use these funds to have stability in his/her portfolio.They are usually classified in two broad categories:Equity Oriented Hybrid Funds:These funds usually invest in the ratio 60:40(equity : debt) or 75:25 (equity : debt). Suitable for investors...
Monday, September 22, 2008
Wednesday, September 17, 2008
LTA- Leave Travel Allowance
Leave Travel Allowance (LTA) is an allowance/benefit that your employer gives you to cover your travel expenses. This is a tax saving instrument as well. Your employer gives you money to go on vacation and the money is not taxable! So far so good… But there are stipulations/rules from the government as in any other benefit.Let’s get a look into LTA in this post…What do I do to claim LTA?Nothing more than getting a break from the work! Isn’t that great? · You should take a leave from work and travel to anywhere...
Friday, September 12, 2008
Learn about your HRA
House Rent Allowance is a very important component of one’s salary. The tax implications of the house rent allowance (HRA) seem to baffle most people. Taking the case of two individuals, Akram and Rafiq, who work in the same company, I have tried to explain this allowance in detail.One significant difference between the two individuals, which is necessary for this study, is that Akram resides in his own house while Rafiq in a rental accommodation.Are both eligible for HRA?Yes. Because the payment of HRA by an employer does...
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