Tuesday, August 7, 2012

OWN HOUSE A GOOD INVESTMENT OR NOT...



Only 56 salaried individuals surveyed in the country own a house despite earning more than Rs 10 lakh annually indicating that very few people recognise owning a house as a good investment and tax planning option, according to the latest study. As per the findings of the 'India Tax Ratio 2012' report by TaxSpanner, an online income tax return filing portal, 56 per cent of employees own a house with an annual income of more than Rs 10 lakh and amongst those having an earning below Rs 10 lakh annually, only 13 per cent own a house. Among those with the income of less than Rs 5 lakh only, 6.8 per cent of respondents own a house. The study covered employees from over 500 corporates in major cities, including the Delhi, NCR, Mumbai, Chennai, Bangalore and Hyderabad. "The figures clearly indicate that there are only a few people who recognise owning a house as a smart investment and tax planning option in the beginning of their career. The deductions available to individuals as a home owner can reduce their tax bill substantially," TaxSpanner CEO Ankur Sharma said. The study added that at 40 per cent Bangalore has the highest number of house owners followed by Hyderabad at 17 per cent and Mumbai and Chennai at 13 per cent each. About 60 per cent of home owners surveyed having income more than Rs 10 lakh are also claiming House Rent Allowance (HRA) exemption and hence taking benefit of both home loan deduction as well as HRA exemption. The study showed that the largest percentage of house owners is in the age bracket of 31-35 years at 42 per cent, with the percentage of house owners in the age group 21-30 years is 20 per cent and house owners in the age group 21-25 years contributing only 1 per cent.

చిన్న షేర్ల‌పై చింత అవ‌సరం లేదు

ఈక్విటీ మార్కెట్లో  స్మాల్ క్యాప్, మిడ్ క్యాప్ స్టాక్ ల గురించి చింతించ‌వ‌ల‌సిన అవ‌స‌రం లేద‌ని విశ్లేష‌కులంటున్నారు. ఇటీవ‌ల కాలంలో స్మాల్ క్...