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Showing posts with label Personal Finance. Show all posts
Showing posts with label Personal Finance. Show all posts

Saturday, July 12, 2014

Personal Tax Benefits After Union Budget 2014-15

New government presented the budget for the financial year 2014-15. There is some benefit has been given to individual tax payers. Basic exemption limit has been increased by Rs 50000, Investment limit under section 80 C has been revised from Rs 1 lac to Rs 1.5 lac, home loan interest tax benefit for self occupied house also increased from 1.5 lac to 2 lac.
In this post we will try to see how much tax benefit individual tax payer will be getting from these changes.   

Exemption limit
Basic Exemption limit raised from Rs. 2 lacs to Rs. 2.50 lacs for general category of individuals and from Rs. 2.5 lacs to 3 lacs for senior citizen. So in total Rs 50000 has been added to exempted limit. 

Sunday, July 6, 2014

2008 Market Crash and People's Reaction

Currently Indian market is in bull phase and the new investors are happy by seeing the growth of their investments. They are hoping that the bull phase will continue forever. 
The idea of this post originated from the discussion about the actions people has taken during the 2008 market crash on Facebook Group “Asan Ideas for Wealth”. 
In 2008 market crash almost all fund’s NAV dropped significantly. People who are sitting on huge profits suddenly found that now they are sitting on losses. After seeing the market crashed some people stopped investment, some people redeemed their funds and some people continued with further investment.