What color symbolizes money and wealth?

colour gold The colour gold represents financial riches in Feng Shui.

architecturaldigest.in - Feng Shui: Use these 4 colours to attract wealth and abundance

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In the ancient Chinese practice of Feng Shui, colours represent elements from nature while also embodying certain emotional and mental traits. Each one is understood to be as powerful as the thing it represents, and it is important to know the goals you are trying to achieve. The energy provided by these colours can be invaluable in helping you reach them. It is easy to adopt many of the teachings and much of the wisdom of Feng Shui, with a few simple moves and without needing to embark on a complete remodel. A few small changes in some decorative details or even simply rearranging your furniture can make a huge difference in terms of the energy in your home and the direction of your life. If your current goal is to increase your wealth, these are the colours that Feng Shui practitioners recommend you incorporate into your home.

1. Purple

In many traditions—from Christianity to Feng Shui—the colour purple is closely associated with spirituality and one’s interior life. For the latter, however, purple is also associated with material abundance as well as its spiritual variety. The colour is associated with our interior state which is the ultimate source of the energy that surrounds us. If we feel complete, we will put that energy out into the world and riches will begin to find their way to us. Incorporating purple, in all its different hues, is thus an ideal place to begin when it comes to attracting wealth.

How to incorporate purple

Feng Shui practitioners recommend using a deep purple in combinations with white and gold, especially in your main living areas. Lilac and lighter shades can be used in bathrooms and bedrooms, although in bedrooms they should be used more sparingly as they can lead to depression or excessive reflection. The best strategy is to use them, as with darker purples, in combination with other colours.

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How much money can I keep in my bank account without tax?

livemint.com - I want to keep ₹5 lakh in my savings account? Do I have to pay any tax?

There are no restrictions as to the maximum amount you can keep in a saving bank account either under the income tax laws or under banking regulations but different banks have different rules as requiring the accountholders to maintain minimum balance in their saving account failing which they levy penalty for such non maintenance of minimum balance. You do not have to pay any tax to the bank but the interest income from saving bank account is taxable like any other income. Individual taxpayers are allowed a deduction in respect of interest received on saving bank account. All Individuals are entitled to claim a deduction of Rs. 10,000/- under Section 80TTA in respect of your interest income from saving bank account. Those individuals who are resident for tax purposes and have completed 60 years of age get a higher deduction of Rs. 50,000/- under Section 80TTB, in respect of any interest received from banks including interest on saving bank account. So if after claiming this deduction your total income along with saving bank interest exceeds the basic exemption, you have to file your ITR and may have to pay tax at the applicable slab. Even banks do not have to deduct any tax on the interest credited on saving bank account. Balwant Jain is a tax and investment expert and can be reached on jainbalwant@gmail.com and @jainbalwant on Twitter.

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