Tagged: Budget

The budget 3

The budget

India’s Finance Minister, P. Chidambaram, presented his fifth and last budget to this Lok Sabha today, February 29, 2008. He has raised income tax exemption limit from Rs. 1,10,000 to Rs. 1,50,000.

Taxman coming 0

Taxman coming

The budget session is round the corner. India’s taxman P. Chidambaram must be very busy these days. On this occasion I remember a poem which I wish to share with all friends here.

I am the taxman, I am the taxman
Beware of me, I am the taxman

If you drive a car, I will tax the street
If you try to sit, I will tax the seat
If you get too cold, I will tax the heat

Guidelines for Loan decision 5

Guidelines for Loan decision

Guidelines for Loan decision

1. Analyse the need and priority
It is very important that one does a fairly detailed self-analysis and introspection on the need and the usage for which the loan is to be used.
– Avoid buying luxury appliances on loan
– Avoid as far as possible usage of Credit cards and loan conversion options on those purchases
2. Budget expenses
It is always a good practice to budget the major expenditure on a monthly basis.
– Cover regular expenses including credit card payments and existing loan repayments