By Sudhir Kaushik of Taxspanner.com Hyderabad-based sales manager Tarun Jaiswal pays a high tax because his salary structure is not tax efficient and he does not claim all the deductions available to him. Taxspanner estimates that Jaiswal can cut his tax by over Rs 90,000 if his salary includes some tax-free perks, he opts for the NPS benefit from his company and invests more in the pension scheme on his own. Income from employerThe medical and conveyance allowances Jaiswal gets are now taxable. He should get them replaced with tax-free perks such as reimbursements of expenses on telephone, newspaper and…
Author: Miley Selena
Vinay Poddar is a software professional who stays with his homemaker wife, son and father in his own house, in Pune. He brings in Rs 1.75 lakh a month as salary and also gets Rs 5,000 rental income. His portfolio includes real estate worth Rs 1.38 crore (self-occupied house and a house for investment), equity worth Rs 73.1 lakh in the form of mutual funds and stocks, debt worth Rs 84.2 lakh in the form of EPF, debt funds and fixed deposits, gold worth Rs 15 lakh, and Rs 1 lakh in cash. After household expenses, child’s education, insurance premium…
The scope and attractiveness of alternative investments is increasing. Here’s a weekly tracker of returns from such investments. But don’t compare these with returns from traditional investments since the proportion and purpose of alternative investments is vastly different. Gold (995) (Rs)Short term weakness continued in gold. However, the interim short covering helped it to end the week on a flat note. Silver (Rs)Being a more volatile bullion, bigger short covering happened in silver and helped it to end the week with a gain of 1.5%. Platinum ($/troy ounce)Platinum remained range bound because the market participants were waiting for the US…
Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals. I: Sonal Nath is saving for a house, child’s goals and retirement. Here’s what the doctor advised: Goals Investor’s existing portfolio Portfolio check-up Investing in equity and debt funds for…
The impact of location on the property price, the complicated legal procedures and the lack of transparency in the constructional and operational process are three factors that slowing down the digital transformation in the real estate and construction industry in Vietnam, according to Mr Chu Quang Thai – Digital asset project development specialist, South office of the National Startup Support Center – Ministry of Science and Technology. The experts in the Ministry of Science and Technology at a real estate project. As the digital revolution brings sweeping change across nearly every industry, the real estate and construction industry has been…
Phu Quoc Island to bring tourists back this year, Hanoi Times reported. “The pilot test is a first step to reopen for international tourism, with some charter flights from several countries.” Businesses get ready to welcome back visitors to the resort island of Phu Quoc, where is among tourist destinations that have contained the pandemic. Authorities and businesses in the southern province of Kien Giang expect to welcome foreign visitors to the resort island of Phu Quoc in this year-end peak season when the vaccination scheme for its residents is set to be completed at the end of September. The…
The Health Ministry confirmed 346 new local Covid-19 cases Saturday night, sending the day’s tally to 914, the highest number in a day since the disease broke out in Vietnam. The country has recorded 15,630 cases in 52 of its 63 cities and provinces since the fourth Covid-19 wave broke out in the nation on April 27 Vietnam records highest daily Covid tally at 914, of the night’s cases, 250 were recorded in Ho Chi Minh City, taking the total daily cases in the southern metropolis to 714, its second highest number after 724 on June 25. The remaining cases…
If the details in your Aadhaar card such as name, date of birth etc. does not match with the PAN, then you will not be able to link your PAN with Aadhaar. Through the Unique Identification Authority of India (UIDAI) website, Aadhaar card holders can update name, gender, date of birth and address online. If you wish to update address in your Aadhaar card online, click here to find out. Do keep in mind that your mobile number must be registered in the UIDAI’s records to be able to use this update service. If the mobile number it not registered,…
Vietnam recorded 239 new local Covid-19 patients Saturday morning in five localities, including 215 in HCMC. The ongoing outbreak in HCMC is developing unpredictably and could grow bigger and spread to neighboring localities. Vietnam adds 239 cases to local Covid tally, mostly in HCMC, of the cases in the southern metropolis, 182 were detected in areas under isolation in the community and in centralized quarantine camps, and the sources of transmission for the remaining 33 cases are still unclear. With them added, the domestic case count in HCMC has jumped to 4,938 so far in this wave. Between June 19…
With most airlines still operating far below capacity due to Covid-19, inflight caterers have started to sell their foods to restaurants, schools and hotels. More stories at Vietnam Insider’s homepage. Hanoi-based Noi Bai Catering Services Joint Stock Company (NCS), Vietnam’s leading air catering company, served merely 4.6 million inflight meals in 2020, 42.5 percent down from 2019. Its revenues fell nearly 60 percent to VND275.2 billion ($12 million), and so, after years of growing profits, the company racked up losses of more than VND38 billion. Most airline caterers faced a similar plight last year. To survive, NCS has started to…