Income Tax/Employment
The divisions at which tax rate changes
What is tax slab?
A decentralized-digital asset that is impossible to counterfeit
What is cryptocurrency?
A unique code given to a customer that validates a single session or transaction
What is OTP?
Portion of the profit paid to the shareholders
What is dividend?
Quality of an asset that permits it to be converted quickly into cash without loss of value
What is liquidity?
A compulsory, government-managed retirement savings scheme for employees; where employers also contribute equal share?
What is PF?
An investment vehicle that allows money to be pooled from investing public and further used to buy other securities/bonds etc.
What is mutual fund?
Baseline cost of borrowing money from the RBI
What is repo rate?
A person or an entity who buys or sells stocks on behalf of the customer?
What is a broker?
A snapshot of financial position of a business / firm / entity
What is balance sheet?
A tax imposed on a transaction, collected by an intermediary (such as a retail store)?
What is GST/VAT/Indirect Tax?
It is used to calculate the value of mutual fund
What is NAV (Net asset value)?
A system that allows for the instantaneous transfer of money and/or securities; but does not work after cut-off time
What is RTGS?
Lesser known to the general investing public, this is traded at a very low price and I have a very small market capitalization
What is a penny stock?
An account of probable future income and expenditure
What is budget?
A voluntary, long-term investment plan that helps you save tax beyond the standard investment capping of Rs. 1,50,000/-?
What is NPS?
The satoshi is the smallest unit of this currency
What is bitcoin?
An instruction that mandates the way of redemption of money; specifically prohibiting cash redemptions
What is crossed-cheque?
Group of stocks that are listed b/w 101 to 250th In terms of full market capitalization
What is mid-cap?
This is a list of your investments
What is portfolio?
Money paid at the rate of "15-day wage" times "years of service" for employees who complete at least 1800 days within the same firm
What is Gratuity?
Degree of uncertainity of return on an asset; In business, the likelihood of loss or reduced profit
What is Risk?
internal benchmark rate sanctioned by NBFC companies to set-up interest rate for floating rate loans
What is PLR / Prime Lending Rate?
The weighted avg index of 30 prominent well established and financially sound companies on Bombay Stock Exchange
What is Sensex?
I am a part of unique 10-digit sequence/national ID, intended to represent the initials of the ID holder's last name
What is the 5th character of a PAN card?