Xiaomi: Mi3 Indepth Review

XIAOMI MI3: REVIEW  Mi3 is the flagship device of Xiaomi launched just couple of months back in India. The phone’s launch was much awaited in India due to the fact that it offered amazing specs at a pretty affordable price. When the phone finally got launched it opened to a huge response and thus far more than 1,00,000 units have been sold in India. The phone was one of the first from Xiaomi to be launched and few more are…

Xiaomi RedmiI 1s: Review

Xiaomi REDMI 1s: Review Last month, Xiaomi India launched their budget Smartphone Redmi 1s. The phone is priced at just at Rs 5999/- and is available exclusively through online retail store Flipkart. The company has adopted the flash sale policy which is helping them in generating huge demand for the product and also helping them in marketing and promoting the product. The phone has been priced very aggressively and poses serious challenge for some of the Tier1 brands. Now let’s look at…

Professional Tax for the Financial Year 2014-15

Professional tax is a tax levied by the various State Governments of India on salaried individuals, working in government or non-government entities, or in practice of any profession, including chartered accountants, doctors, lawyers etc or carry out some form of business. This form of tax is in practice for a long time and States were conferred the power of leveling the Tax under Clause (2) of Article 276. The rate at which Professional tax is charged is based on the…

Tax Deductions Available Under Various Sections For Assessment Year 2015-16

Individuals whose Annual Income is above `2,50,000/ p.a- will be liable to pay Taxes on the earnings above the prescribed amount. However those earning below `5,00,000/ p.a- will get a Tax Credit of `2000/- on the Tax payable. Now we will look at the Tax Deductions available under the Income Tax Act and Sections applicable. We would also find out Investment and Saving options which could be availed. DEDUCTIONS U/S 80CDeductions are available to the Individuals under Section 80C, 80CCC &…

Five Year Low: WPI Inflation shrinks to 3.74%

Wholesale Price Index (WPI) for the month of August shrunk to 3.74% against 5.19% in July. It is the lowest since October,2009 when WPI stood at 1.8%. Stable rupee and lower commodity price in the global market has led to the decline as per the Economist. The food price index, fuel and power price index contracted to 5.15% and 4.54% in the month of August. Wholesale Inflation takes into account the prices paid by the manufacturers on the goods imported…

Budget 2014: Reforms A Priority Or Populism

The Budget 2014 was one of the most anticipated and hyped budget in the recent past. A new Government at the Centre backed by a strong mandate raised the hopes of the people belonging to different section of the society. It was also a very challenging task for the government as it had to tackle many issues upfront and also deliver on the expectation of the people. It had to check the continuous slide in the GDP over the past…

Income Tax Slabs & Rates For Assessment Year 2015-16

INCOME SLABS (INDIVIDUALS BELOW 60 YRS) TAX RATES 1.) Total Income not exceeding `2,50,000/- Nil 2.) Rs 2,50,001 but not exceeding Rs 5,00,000/- 10% of Amount above Rs 2,50,000/-* 3.) Rs 5,00,001-Rs 10,00,000/- Rs 25,000/- Plus 20% of the amount exceeding `5,00,001/- 4.) Above 10,00,001/- Rs 1,25,000/- Plus 30% of the amount exceeding Rs 10,00,001/-** NOTE:  *A Tax Rebate of 10% (Rs 2000/- maximum) is available to Resident Individuals whose earning is in the range of 2,50,001-5,00,000/-. However if the…

Emerging Market Funds

“EMERGING MARKETS”: What do they mean???Emerging Market Funds or also known as Global Funds are Mutual Funds that have features similar to Exchange Traded Funds (ETF’s). But Emerging Market Funds means a lot more than that in real terms. These are special type of Mutual Fund scheme which allocate their investments in the Developing Countries. The term “Emerging Market” is given to the countries whose economy is still in the developing stage and there is ample scope to usher the…

Life Insurance: Assurance And Investment

Life Insurance is assurance by the Insurer that upon the demise of the insured person the claim amount as per the contract or agreement will be paid to the nominee of the Insurance holder in exchange of the premium paid by the insurer for the same. The payment of premium can be on the monthly, quarterly, yearly basis depending on the terms agreed upon. There are various types of Insurance policies in the market which not only provide Life cover…

Balanced Funds: An Overview

Balanced Funds are a kind of mutual fund scheme which offer Investors security, returns and moderate capital appreciation. These funds are also known as Hybrid Funds. Here the funds are invested in certain proportion in Equities as well as Bonds. The idea of the fund is protect the investment of the investor and provide decent return at the same time. These are considered as safer investment option as the fund is diversified in fixed return investments as well as equity…