The following image is the overview of calculating compound interest. Functions that Calculate Compound Interest for Recurring Deposits in Excel Function 1 – FV The FV function returns the future value of an investment based on periodic, constant payments and a constant interest rate. Syntax of the...
Public Provident Funds –PPFs come with a fair rate of return and a governmental guarantee. You can beat inflation and accumulate significant wealth with PPF, which is entirely tax-free. PPF also permits sufficient liquidity. This investment helps you develop a safety fund for your family. You ...
Interest is calculated at the rate of 1% per month or part thereof for the period of delay, and it is calculated on the amount of tax that is unpaid. Section 234B of the Income Tax Act deals with the interest penalty that is charged for non-payment or short payment of advance tax. ...
Calculated risks in saving moneyWhen saving money in ordinary savings accounts, the interest rate is hardly four percent. If we park such money in good non-banking financial companies, on a cumulative basis, we will get up to nine percent, and if our wives do not earn huge taxable income,...
Explain the multiplier? How is it calculated? Why is the multiplier related only to consumption spending? Describe the process that occurs when there is a decrease in the supply of money. How does it affect the economy? What is a recessionary gap? What fiscal policy might close ...
Write Off Business Travel Expenses, Even While on Vacation. Does investments count as income? Investment income such as interest and rent isconsidered ordinary incomeand will generally be taxed according to your ordinary income tax rate. ... Qualifying dividends are also taxed at long-term capital...
Generally, TDS or Tax Deducted at Source is applicable on salary, interest received, commission received etc. TDS is not applicable for all types of payments or on every person, there are various tax slabs according to which TDS is deducted from the taxpayer’s salary. Now that you know ...
What is the demand curve for money? How is it determined? How are multipliers calculated, when modeling fiscal policy impacts of Keynesian economic stimulus? What is meant by the economy's aggregate demand curve (AD)? Explain the estimation of demand and supply by the central planners in a...
The TDS aspect of this is still not clear. I remember it was earlier mentioned that excess EPF contribution above Rs 2.5 lakh will be taxed in a manner similar to how fixed deposits are taxed. Now banks deduct TDS on FD interest. I am not sure if PF authorities will deduct any TDS th...
The Aggregate demand schedule in the Keynsian model is the amount demanded by Consumers + Business + Government at each price level. Draw up a coordinate plane with price level on the vertical axis and output on the horizontal and plot the points from the schedule on it. When...