Month: May 2009

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Taxation – impact on your investment

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Many people underestimate the hurt that taxation causes to their investment. Let us take an example. If you invested Rs. 100,000 in a RBI bond which pays 8% p.a. before taxes, you will get Rs. 8000 as interest and assume you pay 30% tax you will be left with Rs. 5600 at the end of […]

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Are you ready for inflation?Education costs…

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If you have been educated in Mumbai you would have paid a pittance for your school education in the ’70s, ’80s, ’90s and well even in 2009. Well my father did his schooling in Mumbai and paid Rs. 5 (1935 – 1945) my mother paid about the same in 1952. Then time stood still. My […]

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