Compare Online Insurance Plans in India - MintWise
Term Insurance, Travel Insurance, Student Travel and Medical Insurance, Health Insurance, Cancer Insurance, Critical Illness Insurance
A claim under a motor insurance policy can be classified as: Own damage claim: If there is damage to your car, the claim is called as an own damage claim. Third party claim: If there is an injury or worse to someone else or damage to someone else’s car, it is called as a third party claim. Theft claim: If… Continue Reading »
Why Do You Need Motor Insurance? Motor insurance, as the name suggests is an insurance cover for the motor vehicle owned by a person. Owning a four-wheeler is an important landmark in one’s life. A personal car gives a sense of pride and a sense of achievement. On the other hand, owning a commercial vehicle enables revenue generation. We come… Continue Reading »
TCS RATES FOR ASSESSMENT YEAR 2020-21 (FINANCIAL YEAR 2019-20) Sr. No. Nature of Goods/Contract/Licence /Lease Criteria for Collection Rate (%) * 1 Alcoholic Liqour for Human Consumption No Threshold Limit 1 2 Tendu Leaves No Threshold Limit 5 3 Timber obtained under a Forest Lease No Threshold Limit 2.5 4 Timber obtained by any mode other than under a Forest… Continue Reading »
Allowance of Standard Deduction on Salary Income The standard deduction under clause (ia) to section 16 for persons having income under the head “Salary” has now been increased from INR 40,000 to INR 50,000. Relief on second self-occupied property Earlier, an individual owning more than one self-occupied property was required to offer to tax the notional rent in respect of… Continue Reading »
We all love our cars and give due care to their safety & maintenance. We all consider buying motor insurance as part of our car care plan. In India, buying a third party motor insurance is compulsory, without which driving on the roads will be considered as illegal. Motor insurance in India has two broad sections – Third party liability… Continue Reading »
The reasons for buying a two wheeler are many for Indians. They range from necessity to passion to a style statement, and most importantly, affordability. However having a two-wheeler without an Insurance cover is not only illegal but it may also land you in financial difficulties. The Importance of Two-Wheeler Insurance Insurance cover for motorcycles and other two-wheelers gives protection… Continue Reading »