A Credit Card is a plastic card bearing an account number assigned to a cardholder with a credit limit that can be used to purchase goods and services and to obtain cash disbursements on credit, for which a cardholder is subsequently billed by an issuer for repayment of the credit extended at once or on an installment basis.
You can use a credit card to make a purchase on credit, and pay later. They give you a breather and relieve you from the tension of arranging for immediate cash in cash you need to make urgent purchase but do not have liquid money in hand. In our country, credit cards have played a major role in the metamorphosis of the middle and low-income groups, relieving them from the constraints of monetary exigencies.
Of course, they have also opened the floodgates of innumerable fringe benefits such as discounted travel, holiday and stay, dining facilities in star hotels etc. Without batting an eyelid, you can saunter into a jewellery showroom and pick up that exquisite diamond pendant that you had coveted for long. Or you can make your festival pruchases well in advance, much before your tightfisted employer decides to release your bonus. In other words, you no longer need to postpone your desires. Just go out and furnish yourself with whatever you want and settle your dues later. After all, in an era of instant gratification, it is not a great sin to pamper yourself!
Credit cards can enable you to have that little extra spending power when and where you need it. In addition to paying for purchases you can also use your credit cards in order to withdraw cash from a cash machine, not only in this country but all over the world.
Every month you will receive a credit card statement that will give details of both your balance (the amount of money you have either withdrawn or spent) and any interest that has accrued upon it. You can then either pay off the full amount or make the minimum payment.

Ans. 1.A TAX IS A PAYMENT MADE BY THE PERSON WHO HAS EARNED INCOME DURING A YEAR TO THE GOVERNMENT.

2.Tax is nothing but it is a charge made by government on the goods, on traveling, medicine, that is a sort of income to the government and these money is used for developing purpose.

What is tax deduction at source (tds) , is it the income tax that we pay or is it the tax returns that we get?

Ans.Tax deducted at source is one of the modes of collecting Income-tax from the asseses in India. Such collection of tax is effected at the source when income arises or accrues. Hence where any specified type of income arises or accrues to any one, the Income-tax Act enjoins on the payer of such income to deduct a stipulated percentage of such income by way of Income-tax and pay only the balance amount to the recipient of such income.

What is tax law? - (what you don't know can hurt you)

Ans.Tax law is found in many places - tax law is generated by the federal government, state government as well as counties, cities, and other municipalities. The variety of taxes that everyone faces is staggering - tax law affects almost every aspect of your life.

As for federal taxes, the law is primarily found in:

Title 26 of the United States Code - the Internal Revenue Code of 1986 as amended (the "Code" as promulgated by the Congress of the United States),

Title 26 of the Code of Federal Regulations (the "Regulations" as promulgated by the Internal Revenue Service),

proposed regulations issued by the Internal Revenue Service ("IRS"),

temporary regulations issued by the IRS,

revenue rulings issued by the IRS,
private letter rulings issued by the IRS,

revenue procedures, policy statements, and technical information releases issued by

the IRS, and

federal tax court decisions.

Tax law for states, counties, cities and other municipalities is likewise contained in codes sections, regulations, administrative codes, procedures and statements issued by the respective government authorities, as well as state court decisions. In many instances, state law is patterned after federal law but this is not necessarily always the case.

Tax law is pervasive throughout our daily lives. A lot of trees have been turned into pages of tax law. As you ease into your research of tax law, try to see the forest without getting lost in all the trees.

In a nutshell, tax law is a bewildering array of law that is scattered throughout many different sources and subject to many interpretations.

Citibank India is since 1902. Citibank India was the first bank to lend actively to individuals. Citibank is the largest Consumer Finance lender in the world. Citibank India follows the following principles while dealing to its customers:

• Truth in Lending
• Superior Products and Services
• Quick and Transparent Credit Decisions
• Lending is not a transaction, but a relationship
• Custodian of Public Funds

• Redeem your rewards points
• Pay Bills Online
• Send Demand Draft anywhere in India
• Get statements by e-mail
• Register for Instant alerts
• Mobile Banking
• Citibank online Security Tips

• Shop n' win Rewards
• Secure your child's future
• nstant cash upto thrice your salary
• Get rewarded for your account

• MTV Citibank Card
• IndianOil Citibank Card
• Citibank Silver International Card
• CRY Card
• WWF Card
• Times Card
• Citibank Cricket Visa Card

Since 1906, Corporation Bank in India is dedicated to give vast, varied and versatile services to the nation with a comfort and zeal stealing the common say in the Banking Sector, "The Bank of Pride". Close to hit the mark '100 years at your service', Corporation Bank India has regularly tried to keep a personal touch with customers.

Corporation Bank India is one of the well-run Public Sector Bank in India. The key factor of the success of Corporation Bank India is its young and dynamic manpower which gives service with efficiency and dedication. Even in this era of technology and stiff competition, Corp Bank is rapidly growing confidence among its clients.

Corp Bank came out with its Initial Public Offer (IPO) in October 1997. 37.87% of share Capital is presently held by the Public and Financial Institutions. 57.17% of Share Capital is held by the Government of India. On 31.12.2003, the Net Worth of Corporation Bank was Rs.2,755 crore.

US GAAP

Among the Public Sector Bank, Corporation Bank of India is the first to publish the results under US GAAP. It has been doing it since 1998-99. With this method, the consolidated net profit is registered to be Rs. 415.99 for the year 2002-03.

Human Resource of Corporation Bank in India

10,176 fulltime dedicated employees (as on 31.03.04) is encouraging the Corporation Bank to perform to the best possible and comfortable service provider to customers.

Technology

100 per cent of the Bank Corp business is computerised along with all the branches. Bank Corp has over 600 ATMs spreading over 21 States and 2 Union Territories. Bank Corp has a tie-up arrangements of sharing ATM network with, ING Vysya Bank Ltd., Andhra Bank and IndusInd Bank Ltd.

In January 2004, the Bank Corp became the member of "Cashnet", shared ATM network managed by Euronet. This arrangement extended the facilities of cardholders to use over 2,500 ATMs.

Abreast of it, Corp Bank also giving services through internet. One can operate his/her account online.

It facilitates the following deposit schemes for NRIs:

1. Schemes without repatriation facility
   1. NRO deposits
2. Schemes with repatriation facility
   1. NRE deposits
   2. FCNR(B) deposits
   3. RFC deposits(on return)

• Current accounts [not in FCNR (B)]
• Savings Bank accounts [not in FCNR (B)]
• Fixed Deposits
• Cash Certificates
• Money-Flex deposits
• Recurring deposits [not in FCNR (B)]

• Best Bank Award for Excellence in Banking Technology in the financial year 2001-2002.
  
  
• Best Award for Innovative use of Banking applications on INFINET in the financial year 2002-03.
  
  
• Best Bank Award - Delivery Channels from the Institute for Development and Research in Banking Technology (IDRBT) during the year 2003-2004.
  
  
• 'The Asian Banker', Singapore, rated as the Second Strongest Bank in Asia and the Strongest in India.
  
  
• The 'Forbes Global', Hongkong, included it in the list of the Best 200 Companies worldover outside the US having turnover under a billion US $.
  
  
• Business Today - KPMG survey' rated as the Best Public Sector Bank.
  
  
• Bagged the Best Public Sector Bank Award instituted by the personal finance magazine - Outlook Money.
  

• Founded in 1906 at the temple town of Udupi (Karnataka).
  
  
• Corp Bank became the third bank in the country in 1952 to receive a licence from the RBI as Scheduled Bank.
  
  
• The Bank of Citizens was merged with it in the year 1961.
  
  
• It was nationalised in April 1980.