Finance for Managers

ASSIGNMENT – 2
 
SUBMITTED TO
Dr. Mansi Kukreja
CMS B School.
 
 SUBMITTED BY
Akshyat Bapna .S (22MBAR0893)
Deepak G (22MBAR0319)
Ebbili Gowtham Sai Kumar (22MBAR0166)
Hemashree S (22MBARO383)
Pooja Jain.R (22MBAR0866)
S Madhivathani (22MBAR0521)
Santhosh.V (22MBAR0820)
CREDIT CARD
 CREDIT CARD
ELIGIBILITY
 Age requirement
 Income requirement

 Income Tax Return (ITR)

 Credit Score
WHY TO USE OF CREDIT CARDS?
 One-time bonuses
 Cash back

 Frequent-flyer miles

 Universal acceptance

 Insurance
 PROBLEMS:
 Poor people won’t use credit cards.

 People who are credit worthy will use credit card.

 Interest rate is the biggest problem.

 People fear to use credit card because they forget to pay on time.

 SOLUTION:
 Auto Debit from Saving Account on due date.

 App to manage credit

 CRED App

 Rewards for paying credit cards.

BUY OR RENT HOME?
 THREE DIFFERENT PERSPECTIVES

 Emotional angle
 FY20-21 Taxation angle

 Financial angle
 EMOTIONAL ANGLE

 Basic need:
food, clothing and shelter
TAXATION ANGLE (2021 ANGLE)

Example:
30 % tax lap
Salaried person
FINANCIAL ANGLE
THANK
YOU