It encompasses various sources, such as interest earned from savings accounts, fixed deposits, bonds, or dividends received from investments. Lottery winnings, gifts exceeding specified limits, and income from hobbies or freelance work also fall under this category. Deductions and exemptions applicable ...
The taxation of interest earned on HDFC Bank Fixed Deposits (FDs) depends on two main factors: 1. Your Income Tax Slab:India operates a progressive tax system, meaning higher income earners pay a higher percentage of their income in taxes. Your tax slab determines the rate at which you will...
4. Fixed deposit account To park your funds and earn a decent rate of interest on it, there aredifferent types of accountslike fixed deposits and recurring deposits. A fixed deposit (FD) account allows you to earn a fixed rate of interest for keeping a certain sum of money locked in for...
Resources is a very broad term, it is basically anything that can be considered a valuable addition. Anything from air to gold are all resources. Let us take a look at the two broad types of resources - natural resources and man-made resources.
IncomeorBondorFixed Income Funds These invest in Fixed Income Securities, like Government Securities or Bonds, Commercial Papers and Debentures, Bank Certificates of Deposits and Money Market instruments like Treasury Bills, Commercial Paper, etc. ...
Do you know how many types of joint accounts in banks are available in India and what are the pros and cons of these types of accounts? Many of us are simply holding bank accounts as single holders. However, there are various ways through which we can open and handle bank accounts. In...
funds in the form of deposits from the public and give loans to wholesale and retail traders, small scale industries and self-employed persons. These companies collect fixed deposits from the public by offering higher rates of interest and give loans to others at relatively higher rates of ...
The main money market instruments are Treasury bills, commercial papers, certificate of deposits, and call money. It is highly liquid as it has instruments that have a maturity below one year. Most of the money market instruments provide fixed returns. Types of Money Market Instruments in India...
short-term stable returns, go for money market funds that invest in short-term debt instruments like certificate of deposits or Government Bonds. If you have a low-risk appetite, this type of mutual fund category is a great choice. They are comparatively safer investments offering fixed returns...
The Non-Resident External (NRE) Account allows you to transfer your foreign earnings easily to India. However, this type of account is rupee dominated and can be opened in the form of Current, Savings, Fixed or Recurring Deposits.It is vital to know that there is no tax levied on t...