Online retail businesses are becoming a rage among everyone. But to be able to run such a business and maintain its profit scales is a huge challenge. This is because in the world of online retail, the competition is always cut throat and it only seems to be increasing with time. Pricing products right is the major key to attract profits as well as reach out to a vast customer audience. The term specifically used for this pricing technique is price optimization. And it is vital to choose the right price optimization software for your company. [Read more…] about Getting Your Online Retail Right With Price Optimization Strategies
Double Benefit Of Tax Saving Investments
Coming April the tax saving benefits for both the salaried along with non – salaried a tax payer would have saved tax saving options for the coming fiscal year. From the point of view of an investor they should not only look to save tax but try to generate tax free income. In your quest to obtain the right tax saver mechanism, you need to figure out how returns are expected to be taxed. If any income earned appears to be taxable, then the taxes are expected to eat on to your returns. For example tax free mutual fund does seem to be one of the options of investment. Below are some of the options that will not only help you save tax but help you generating tax free income.
Public provident fund
For a long time since 1968, public provident fund has worked out to be the favourite savings option among investors and still stands tall. You can open a PPF account in your own name or in the name of a minor. The minimum amount of money you can keep in this account is Rs 500 and in a financial year it is 1 lakh 50000 maximum. This would be a combination of you along with the account of a minor.
Basically this is a 15 year scheme that can be extended in 5 years slab. At a bank branch or a post office you can open this account. In case of a few banks it can be opened via an online source. A person of any age can open a PPF account. Even if someone has an EPF account they can open a PPF account.
Provident fund for employees
For salaried employees this presents not only an option to save taxes but generate tax free corpus. Towards an EPF account an employee goes on to contribute 12 % of their basic salary. An employee also puts their share but only 3.67 % goes on to the account.
Unit linked insurance plan
This replicates to be a hybrid product offering a combination of savings and protection. Not only life insurance is provided but it also provides a channel where you evolve your savings on to market linked investments. This helps to take stock of your long term goals.
In most of the ULIPs there are 5 to 9 investment options and normally it can have a period of 10 to 15 years. But the standard lock in period is 5 years. If you exit the policy after 5 years the amount is tax free. In between if you go on to switch the holding period between operations it is also exempt from tax.
A point to consider ULIP might not work for all investors. For any investor who is comfortable and adept in managing the ELSS schemes and at a parallel level holds an insurance plan, there is no need to opt for a ULIP. The mind set of investors to invest in ULIP would be to look at funds in the next 10 years.
The Power Of Light: How LED Is Changing Facelifts
Many people opt for having facelifts because they want to look younger and have better looking skin. However, traditional facelifts are becoming more outdated, due to lifts, such as the LED luminous lift, which doesn’t involve going under the knife. The use of LED has, so far, proven to be revolutionary in the cosmetic industry and will continue to grow in popularity over following years. So, how is LED changing facelifts today? [Read more…] about The Power Of Light: How LED Is Changing Facelifts
Do You Need A Real Time Organization License Validation?
There are situations when you just need to find a dedicated tool which offers high quality license validation for organizations and practitioners alike. But why is this important? There are many reasons why a real time organization license check is crucial. [Read more…] about Do You Need A Real Time Organization License Validation?
Why You Need Business Insurance Software
The insurance industry is one of the fast-moving and highly competitive industries. With thousands of claims to manage daily, insurance companies require a lot of labour to resolve some very complicated tasks. But given the cut-throat competition, relying on old-world methods in modern times can put you out of business quickly. That is why insurance software rose to prominence with its ability to execute complicated activities across the health, life, and automobile insurance industries. [Read more…] about Why You Need Business Insurance Software