About Amit

Amit is Passionate about Personal Finance and has written more than 400 articles on this blog. He is MBA from NITIE, Mumbai.
Website: http://apnaplan.com
admin has written 435 articles so far, you can find them below.
NHB_tax_ saving_term_deposit

NHB ‘Residex’: Housing Prices soars at most cities of India

As per NHB Residex, Housing prices have soared maximum in Mumbai and Delhi in October – December 2012 quarter compared to last quarter. Out of 20 cities tracked by NHB ‘Residex’, prices have dropped in only two cities — Faridabad and Indore. Here is the increase in prices from Q3 – 2012 to Q4 – [...]
March 4, 2013 0
Budget 2013

Budget 2013: Are you eligible for Rs 2000 Tax Rebate under Sec 87A?

The highlight of budget 2013 for common man was the Tax Rebate of Rs 2,000 for people with income of less than Rs 5 lakhs. This has been made possible by inserting a new section 87A in the Income Tax Act of 1961. I posted the Income Tax calculator for FY 2013-14 and received a [...]
March 4, 2013 4
SBI NRE-NRO, Senior Citizen, Domestic Fixed Deposit Rates – March 2013

SBI NRE/NRO, Senior Citizen Fixed Deposit Rates – March 2013

State Bank of India (SBI) had increased its fixed deposit rates by 0.25% on certain maturities from March 1, 2013. With the revision, the interest rate on 1-2 years fixed deposit would go up to 8.75 per cent, from 8.50 per cent. Similarly, term deposit 2-3 years, 3-5 years and 5-10 years would also earn higher [...]
March 3, 2013 2
Budget 2013

16 Personal Finance Changes in Budget 2013

Every budget changes lots of things in the personal finance space. Here is a list of 16 things that has changed for you. 1. Income Tax Slabs for FY 2013-14 The income tax slabs have largely remained unchanged for individuals. There are two major changes. People with income less than Rs. 5 Lakhs have to [...]
March 2, 2013 0
Apnaplan Traffic

Apnaplan.com – February 2013 Traffic and Earning Report

The highlight of February was the personal finance blogger meet sponsored by ICICI Prudential AMC (the Mutual Fund Part of ICICI Pru) in Mumbai on February 16, 2013. The meet was called by ICICI Pru to connect with bloggers to know more about the retail investors and issues that still keeps investors away from Mutual Funds. [...]
March 2, 2013 0
mutual_fund_ways_to_invest

Mutual Funds: Changes in Budget 2013 – Increased DDT, Lower STT

There are two things that have changed for mutual funds in budget 2013. We discuss both one by one. I would start with the good news first. Lower Securities Transaction Tax (STT) on Mutual Funds: The securities transaction tax has been lowered substantially on redemption of Mutual Funds (MF) and Exchange Traded Funds (ETFs) from [...]
March 1, 2013 0
Budget 2013

Budget 2013: Additional 1 Lakh exemption on Home Loan U/S 80EE

I have written earlier that this budget 2013 did not tinker much with income tax rates but thankfully has given incentive to buy your first house. The new section 80EE: Until now you could claim deduction on interest of your home loan to maximum of Rs 1.5 lakhs every year [under sec 24 of Income [...]
March 1, 2013 0
Corporation Bank launches Bumper Car Carnival

Cheapest Auto (Car) Loan from Corporation Bank in March 2013

Corporation bank has launched Bumper Car Carnival scheme for Auto Loans. This is a 15 days promotional scheme from the bank. Here are the features: The interest rate offered is 10.40% The maximum tenure offered is seven years There is No Processing charge for the loan This is a limited period offer valid till March 15, [...]
March 1, 2013 0
Budget 2013

Budget 2013-14: What’s Cheaper what’s Costlier?

For a common man there are two major things that we look in budget. One change is income tax and second how the budget is going to impact our household budget. Keeping this in mind here is a list of products and services which got expensive or cheaper. Also Read: Download Income Tax Calculator for [...]
March 1, 2013 0
Sudarshan Chemicals Fixed Deposit Scheme

Sudarshan Chemicals Fixed Deposit Scheme – Mar 2013

Sudarshan Chemicals Limited, the Pune based company engaged in the pigment industry offering Fixed Deposit Scheme for 1 to 3 years tenure offering 9.5% – 11% Annual Interest. Scheme Highlights: Minimum Amount of deposit to be accepted is Rs.25,000/- and in multiple of Rs. 5,000/- thereafter. For single deposit of more than Rs 5 Lakhs for 3 years, [...]
March 1, 2013 0
Ennore Port Ltd Tax Free Bonds

Ennore Port Ltd Tax Free Bonds – March 2013 – Review

A lot of companies like REC, IRFC, PFC  and HUDCO have their tranche – II of Tax free bonds open for subscription. A lesser known company Ennore Port Ltd too have come with their tax free bonds. Here are the details Ennore Port Ltd Tax Free Bonds – Significant Points: Offer Period: February 28 – March 15, 2013 (the offer [...]
March 1, 2013 0
Tax Calculator FY 2013-14

Income Tax Calculator for FY 2013-14 [Excel Download]

Income tax rates are one thing which every common man is worried about. The finance minister, P Chidambaram in his Budget 2013-14 kept the income tax rates unchanged. The table below shows the summary of tax slabs for FY 2013-14. There are two minor changes: Super rich have to pay more taxes. A surcharge of [...]
February 28, 2013 8
Budget 2013

Budget 2013-14: Quick Highlights

Here are some quick pointers from common man’s perspective for Budget 2013-14. I have added my thoughts in italics. Income Tax: No revision in income tax tax rates. The tax slab remains the same as of last year. Click here to view the Tax slabs for FY 2013-14 (same as FY 2012-13). Education cess to [...]
February 28, 2013 0
Union Budget 2013-14 Live Webcast

India Union Budget 2013-14: Live Webcast

Union Budget 2013-14 would be presented by Finance Minister, P Chidambaram in parliament today. You can view the live webcast for the same courtesy NIC. Click here to view the webcast. Budget Live will be started at 11.00 AM dated February 28, 2013. Keep tune in at that Time. To watch the live webcast , Adobe [...]
February 28, 2013 0
Railway Budget 2013-14

How Railway Budget 2013-14 impacts you?

Rail Minister, Pawan Kumar Bansal presented his annual rail budget 2013-14 in the parliament on February 26, 2013. The opposition slammed it as populist and political budget while the ruling party termed it as the best Rail budget. But we could anyway predict these reactions much before the rail budget was presented. Here is a [...]
February 27, 2013 0
LIC Jeevan Sugam

LIC Jeevan Sugam – Review

LIC (Life Insurance Corporation) has launched LIC Jeevan Sugam which is a non linked Single Premium Limited Period Plan. This is third plan launch from LIC in last two months. The last two launches were LIC New Jeevan Nidhi Plan [a pension plan] & LIC Flexi Plus Plan [Unit Linked Insurance Plan]. These launches are [...]
February 26, 2013 2
good news epf interest hike

EPF & VPF Interest Rate raised to 8.5% for 2012 – 2013

There is good news for five crore subscribers of EPF (Employee Provident Fund) and VPF (Voluntary Provident Fund). EPFO has decided to increase the interest rate on both EPF & VPF to 8.5% for FY 2012-13. This was reduced to 8.25% for FY 2011-12 from 9.5% a year earlier. The cut in interest rate had [...]
February 25, 2013 0
HUDCO Tax Free Bonds 2013 - Tranche II

HUDCO Tax Free Bonds (Tranche- II) – March 2013 – Review

There have been series of Tax free bonds in last two months from likes of HUDCO, IIFCL, REC, PFC and IRFC. REC, IRFC, PFC had come out with its Tranche- II of Tax Free Bonds and now HUDCO (Housing and Urban Development Corporation Limited) too has come out with tranche – II of Tax free bonds which would be open for subscription [...]
February 21, 2013 2