Indian Money Review of Different Types of Direct Taxes

What are direct taxes and what are the different types of direct taxes? Let us find an answer to these questions in this Indian Money review of direct taxes.

Direct Taxes and Their Types

Direct taxes are the taxes that are paid by businesses and individuals to government. As per IndianMoney.com Bangalore review, these taxes are levied as per profit levels and income of entities and individuals. Thus, if you are earning more than taxes you pay will be higher.

We will now go through details of different direct taxes that are levied by the government.

Different Types of Direct Taxes

Income Tax

As per Indian Money dot com Bangalore, this tax is charged as per level of income a person has. Moreover, this tax is decided on the basis of taxable income a person earns. There are different categories on the basis of which income tax amount is calculated.

1.       Income earned by businesses and professionals.

2.       Salary income.

3.       Income earned from properties.

4.       Capital gains.

5.       Income from all other sources.

Wealth Tax

The basis for this tax is the gains made through property ownership by people. The wealth tax is decided on the basis of present market price of the property.

Capital Gains Tax: As per C. S. Sudheer review, this tax is charged when any investment or asset is sold. Types of investments on which capital gains tax is charged include homes, businesses, farms, and similar other options.

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IndianMoney Bangalore Reviews Various Schemes Launched by Indian Government

There are various schemes launched by government of India and as a citizen you should be aware of these schemes. In this IndianMoney review we will be looking into all these schemes.

IndianMoney Bangalore Reviews Schemes Launched by Indian Government

Indian Railways Insurance

According to Indian Money dot com Company Bangalore review, passengers can get this insurance by making payment of a small amount of Rs.0.92 while booking their ticket.

The advantages of this scheme are that:

·         Your travel gets insurance coverage

·         In case the passenger dies or gets injured then sum assured is paid to legal heir.

·         Rs.10 Lakhs is the sum assured for death or permanent disability in any type of rail accident.

·         Rs.7.5 Lakhs is the sum assured if partial disability occurs.

·         If passenger is to be hospitalized then Rs.2 Lakhs is paid for hospital expenses.

Stand Up India Scheme

This scheme aims to promote entrepreneurship in women, particularly women of ST and SC communities. According to Indian Money reviews, women are entitled to get a bank loan between ten lakhs and one crore if they fall in the ST or SC category.

The benefits of this scheme are:

Aim of the scheme is to cover almost 2.5 Lakh budding entrepreneurs who are part of marginalized communities.

Every bank branch is supposed to grant loan under this scheme to at least one woman entrepreneur.

Loan under this scheme is provided to women who are starting non-farm related businesses.

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Indian Money Review - How to Avail Lower Rate on a Personal Loan

If you want to get a personal loan then it will be important for you to do everything possible to get the loan for a lower interest rate. In this Indian Money review we will look at how you can qualify for good interest rates when applying for personal loans.

How to bring down interest rate on personal loans?

Before you apply for a personal loan, you need to be aware of the fact that these loans are approved as per ability of the borrower to repay the loan and also on person’s credit score. Indianmoney.com Bangalore reviews aspects that you need to consider for getting a personal loan at best rate.

Timely Repayment of Debts

You will be able to maintain good credit score when you pay your debts (such as loan installments and credit card dues) in time. Other things you can do are, limit the cards you use, control the usage for cards, make timely payment of EMIs, and if possible take secured credit.

Stay Away from Applying for Several Loans Together

Indian Money company reviews show that if a person is applying for loan from several companies at a time then it brings down person’s credit score. This, in turn reduces the chances of loan approval since multiple credit checks negatively effects applicants CIBIL score.

Stability of Job

In Indianmoney dot com review it was found that personal loan providers expect that an applicant has a minimum of 2 years of experience in a job. This highlights job stability person has and qualifies him or her for better interest rate.

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Features to Examine When Looking for Health Insurance - Indian Money Review

Our aim here will be to examine the features everyone should analyze before buying health insurance. Let us go through the details in following Indian Money review.

Indian Money Review of Health Insurance Factors

Limit on Age of Insured

As per Indian Money review Bangalore, people should select a plan where they can apply for the insurance up to the age of sixty. In addition, they should check whether the insurance plan offers lifetime renewability. This is an important consideration since there are insurance firms which forbid insurance plan renewal after a certain age.

Additionally, you need to be aware of the fact that people are allowed to avail this type of insurance up to the age of 65 as per guidelines specified by IRDA.

Current Illness

Review performed by IndianMoney dot com Review, C S Sudheer Bangalore, people should check if the plan they want to select offers coverage for pre-existing illnesses and critical ailments. Moreover, the best health insurance plan would have minimal waiting period with respect to pre-existing diseases.

Option of Co-payment

Co-payment is a type of payment mode in which people have to pay a certain amount from the amount they are claiming. After a certain age, many insurance companies make it mandatory for people to agree to co-payment option. Additionally, in this type of plan the premium amount remains low. But, people need to make sure the amount for co-payment is not very high or else they need to pay more when they make a claim.

As per C. S. Sudheer, IndianMoney CEO, if you are facing problems then you can file a complaint against the same.

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