Easier Educational Loan Process & its Details

Hi Students,

If you are looking for a professional degree or one of the many courses in niche domains, higher education has become expensive. Spending huge amount of money on a child's higher education can be financially stressful for many parents.

The education loan can help for studying abroad.

The entire loan process can be made easier if we students plan this in advance.

Stay within limits

Do not borrow beyond your capacity. Families on a tight budget and with numerous other financial commitments need to work out the loan amount possible. Keep the EMIs in the range of 20 to 30 percent of your future monthly earnings estimate. The burden of a huge debt quite early in your career is stressful.

Research the courses

Before opting for a course, students must research if it is recognised by governing councils. Students who want to study abroad should be very careful when selecting the institute and the course. Be it a professional or technical course, research well on the placement history of the institute and track record.
The lure of studying abroad and easy availability of loan shouldn't influence your decision.

Avail subsidies

Simply because a lender is willing to give a loan upfront doesn't mean that you pay an exorbitant fee. A borrower has the responsibility to repay. If a course doesn't enable you to earn enough to repay the loan, maybe you are paying too high a fee.

Some lenders offer interest rate subsidies for girls, and have special schemes that you can compare.

Margin money and interest

Arrange for margin money and interest payments. Some lenders demand collateral in the form of bonds, securities etc for the student loan. You may be expected to pay up as much as 5-15 percent of the loan amount as margin money. The applicant must make arrangements for margin money before loan disbursement.

A borrower also needs to arrange for interest payments during timeframe when students do not pay monthly installments towards their education loans - usually until their course ends or they get a job.

Avail tax benefits

Students can avail tax benefits on the interest component of their EMIs, once their repayment clock starts ticking for the stipulated years. For this, the loan should be taken from any financial institution or bank, or any approved charitable institution only. Further, the loan should be taken for higher studies.

Use an education loan wisely to meet your career aspirations. However, exert caution and due diligence while borrowing money.

Guru Purnima-15th July 2011

Guru Purnima is the full moon Day, Purnima in Ashad. This is the very auspicious Day for Hindus and for Buddhist.

On this special occasion we worship our God, at the same time we specially express gratitude to aour Guru, Teacher and to our parents & seek a Blessing from them and have the strong bond with our Them.
This is the special day of guru shishya relationship.
Read more for further details: http://en.wikipedia.org/wiki/Guru_Purnima

As today is the day : 15-July-2011 : Guru Poornima :- Students may wish their Guru, teacher theyr parents or their guide by giving greeting, bouquets , flowers, sweets and thanks them for the throughout guidance.

We celebrate this festival at home by making some sweet dish and worship god, and after that sashtang pranam to our parents and to elders
 People may share sms/text messesges via emails or mobile.
for special Guru Poornima text/mobile sms/messeges, greetings, online gifts you can visit :

http://newsonweb.mywebdunia.com/2010/07/24/guru_purnima_sms_guru_purnima_sms_messages.html

Bomb Blasts in Mumbai

There is another blow to Indian security measures when Serial blasts struck Mumbai Wednesday evening, less than three years after the 26/11 terrorist attacks of 2008. The three blasts, in sequence, were timed at 6.30 pm, 6.45 pm, and 7 pm IST, and targeted in that order Zaveri Bazaar, Opera House and the Kabutarkhana area of Dadar West. Zaveri Bazaar, centre of the jewellery industry, is adjacent the iconic Mumbadevi temple from which the city derives its name; both Zaveri Bazaar and Kabutarkhana were also targeted in the 1993 serial blasts.

The terrorists group once again challenged the Indian policy and authorities. How long this will happen and shatter the confidence of citizens of India towards security measures.

The Easiest Steps to File Income Tax Returns

Filing your income tax returns online is a cheap, convenient and easy. you need to follow few steps for that.


A. Register with a tax-filing portal.It will help you choose the correct form and guide you while filling it.

B. Review the completed form and submit for e-filing . If you use a digital signature , the process is complete. If you don't want to spend on the signature, you'll get the ITR V acknowledgement by e-mail .

C. Print the ITR V and mail it to the Centralised Processing Centre at Bangalore .


There are few portals who can help you for filing the tax returns:


Taxspanner.com -- The portal will file your e-return within 30 minutes of submitting it and upload the ITR V within an hour. In the 'Efile by Email' facility , you can attach a digital Form 16 to an email . The higher versions offer the services of a tax professional.

Taxsmile.com -- The Q&A format of the portal makes it easy even for a rookie. Taking your mouse over the query mark will provide detailed information . The user interface is one of the best.

Incometaxindia.gov.in --  It provides an Excel sheet that you can download. The Excel sheet has an index where you can choose topics relevant to you. It has a compute button which helps in calculations, while the validate button checks for errors.

 

Detail Info for Exemption from filing income tax return

The exemption to file return for income up to 5 lakh looks good but it will be very difficult to  fulfil the conditions..

There was an announcement that salaried taxpayers with an annual income of up to Rs 5 lakh need not file their returns.but it’s just a trap.

According to the notification, a salaried person is exempt from filing his return for the financial year 2010-11 if he fulfils the following conditions:

a) I income after allowable deductions is up to Rs 5 lakh

b) I income is only from salary and savings bank interest

c)   Salary is from one employer

d)   Savings bank interest is below 10,000.

e)   Tax on bank interest is paid and included in Form 16

The announcement comes at a time when Form 16 have already been prepared and issued to taxpayers. Will it be possible to make the necessary changes in the Form 16 at this late stag

You must file your return. Only taxpayers who file their return by the due date can file a revised return.

MAT ( Management Aptitude Test ) 2011

AIMA ( All India Management Association ) is conducting MAT exam 2011 on September.

Last Date of submitting Application Form
Last Date of Online Registration -12 August 2011 (Friday)

there would be two kinds of test.

Paper Based Test - 04 September , 2011 from 10.00 am to 12.30 pm.
Computer based test- 10 September 2011 (Saturday) ( Yet to confirm) 

Best of luck....

IGNOU Admission Notification 2011

IGNOU is inviting applications for B.Ed for January 2012 batch.

IGNOU has announced admission Notification for B.Ed 2012

The application form needs to be be submitted at the concerned Regional Centre on or before 15th July, 2011.

For further details visit website: www.ignou.ac.in

Admission will be based on an Entrance test on Sunday August 21, 2011 all over the country.

Results -University of western sydney

Hi Students,

Autumn results for University of Western Sydney will be available from 9am Wednesday, 13 July 2011 in MySR accessed through the link http://myuws.uws.edu.au/ or your user account.

best of luck.