The Art of Money by KG

Quess corp will open for subscription from 29 th June 2016 to 1 st July 2016 in the price range of Rs. 310-317. Applications can be made of 45 shares and in multiples thereafter. Quess Corp is the Bangalore based staffing and IT solutions company. It has 47 offices across 26 cities. It serves over 1300+ customers across 4 segments namely Global Technology Solutions, People 7 Services, Integrated Facility Management and Industrial Asset Management. Quess offers services across many sectors like IT and ITES staffing, Managing Facilities, F&B sector, Skill development training, general staffing, HR solutions, Engineering services, etc. The promoters of the company are: 1. Ajit Isaac, human resources industry veteran . 2. Thomas Cook India Limited (TCIL). Objects of the Issue: The objects of the issue are: 1. Repayment of debt availed by the Company. 2. Funding capital expenditure requirements of the Company and their Subsidiary, MFX US. 3. Funding increme

Dear Friends, When we are about to join a company, we all have those butterflies in stomach about the new company, new work environment, new manager, new colleagues, etc. With all these we also have some dreams about our salary and how much we will earn and how we will save/spend it. Today you will know what all components are there in our salary and how we can tweak it to get the maximum salary and least tax that too in completely legal way. In our offer letter , the total cost to company (CTC) is divided under various heads like Basic salary, Dearness Allowance (DA), House rent allowance (HRA), Leave travel allowance (LTA), Medical Allowance, Conveyance Allowance, Personal allowance, etc. First of all what is Salary? Salary is the payment of money that a person receives in lieu of the services rendered to another person/organization. In this case the person earning salary is called Employee and the person who gives salary is Employer. Salary word is derived fr

Dear Friends, Investment is very important but even more important is investment with an objective to create a balanced portfolio. If you invest in haphazard way it will give you serious troubles at times when the asset in which you are investing is not giving a good return. For example : If you are very aggressive investor and keep investing all your money in Share market and do not make investment in FD or other debt instruments , then you need to depend on market to be on high to get a decent return. You cannot withdraw your money anytime. You need to time the market and it is very tricky. Second scenario, you are very conservative investor and you invest all you money only in FD. Then the biggest loss you will have is you will get a meager return in actual terms. With an average inflation of 5%, your FD giving a return of 7-8% actually gives you 2-3% of return. And if your total interest income is more than Rs. 10000 in a financial year then you need to pay tax