Passive Income Vs Active Income
Tags :
Active Vs passive income
Make money
Time Money and security
home business, work at home, earn money online
Industry :
Auto Ancillary, Automobile, Oil & Gas, Steel, Industrial Products/Heavy Machinery, Internet, Medical Devices, Products & Solutions
Functional Area : Product Development, Purchasing, Quality Management |
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Hi All
I am a Mech engg by profession and working for a long 6 yrs in automotive and aerospace industries....
I tried a lot to make it happen in my Life - What?--- I mean Change in My Life= Time X Money X Financial Security
I never get any of the things
Did You get it...
Time- An Employee can have more time as compared to any self employed or businessmen
Money-- No Employee have Money at the end of the Month/Year/At Retirement time (No.1 Paisa)
Financial Security-- An WEmployee never become financial secure during and after his/her retirement
A Self employed person/ businessman is also not secure during his business (He can't spend time with his family untill unless he pay time to his business
So What is the realism of Active Income??
And What are Passive Income Secrets??
Lets Have a debate on this Topic.....
Wanna be a part of this team..
Come and Join
Praveen
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Passive Income
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Active Income
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Praveen Kumar
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"Passive Income "
| 2 years ago
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I believe in Making Passive Income apart from Active Income. Who has Their Views for Ai Vs PI come and join My community
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Activity:
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3225 views
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HRA stands for House Rent Allowance, it is an allowance provided by an employer to an employee. The main intention of this is to meet the cost of renting a home. Everybody whose salary package includes HRA is potentially eligible to get some deduction in Income Tax. Most, of the government and private employees have HRA as part of their salary package. In order to get income tax deduction for HRA, you must be paying rent for your accommodation; merely receiving HRA won’t help you to get tax benefit. Are you eligible for deduction under HRA…..??? We have designed and prepared this article to make you understand how you can claim tax deduction for HRA and what is the maximum tax exemption limit allowed for that. You can get tax deductions on HRA only if you are paying a rent of more than 10% of your salary. In majority cases, the rent, especially in cities is well above salary. For the purpose of discussion on HRA, salary means your Basic + Dearness Allowance (DA). Most of us think...
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A man is driving down a country road, when he spots a sardar standing in the middle of a huge field of grass. He pulls the car over to the side of the road and notices that Santa is just standing there, doing nothing, looking at nothing. The man gets out of the car, walks all the way out to the sardar and asks him, “Ah excuse me sir, but what are you doing?” Santa replies, “I’m trying to win a Nobel Prize.” "How?” asks the man, puzzled. ”Well I heard they give the Nobel Prize to people who are out standing in their field.”
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Activity:
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Recovery of its due has been a hectic exercise for the Banks in the absence of a special legislation. ‘Non-performing Assets’ were growing and a need was felt to reduce the ‘Non-performing Assets’ of the Banks drastically. As the recovery through Courts was a difficult exercise for the Banks, initially, a special legislation called ‘The Recovery of Debts due to Banks and Financial Institutions Act, 1993’ was enacted creating a Special Tribunal called ‘Debt Recovery Tribunal’. Under the Act, the Banks are entitled to approach the Tribunal by filing an ‘Original Application’ which is similar to filing a suit in Civil Court proceedings. However, unlike the ‘Civil Court’ which is supposed to follow the ‘Civil Procedure Code’, a special and simple procedure has been prescribed under ‘The Recovery of Debts due to Banks and Financial Institutions Act, 1993’. At the end of adjudication, the Tribunal is supposed to grant a certificate called ‘Recovery Certificate’ infavour of the Bank...
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