Budget 2018 has made some changes to Income tax for individual. There has been no changes in the income tax slab, however there have been some changes related to salaried/pensioner tax payers and senior citizens. We highlight the changes and give you the new tax calculator for FY 2018-19 [AY 2019-20]. Changes in Income Tax Rules: […] Continue reading →
We are releasing the eBook on Tax Planning which tells you how to save income tax for FY 2017-18 (AY 2018-19) for both Salaried and Professionals. This is a short 43 slide power point presentation (in pdf) which covers all the tax saving sections and investments applicable for tax payers. But before that lets look […] Continue reading →
SIP (Systematic Investment Plan) or Lump sum – Which is the Best way to invest in Mutual Fund? Which investment method would lead to higher returns? A question asked by almost all new investors. We help you find an answer to this eternal debate. SIP was introduced by Franklin Templeton Mutual Fund more than 15 […] Continue reading →
EPF (Employee Provident Fund) is one of the best retirement plans offered to salaried employees. The deduction happens automatically, the employer makes an equivalent contribution and above all the interest earned is tax free. If the EPF amount is never dipped into and is transferred every time job change happens it would result in substantial […] Continue reading →
We have always encouraged our readers to invest in equity mutual funds through SIP (Systematic Investment Plan). This basic idea of recommending SIP is it automates your monthly investment, taking emotions out and hence encourages regular saving. SIP as a concept has become very popular but many people have some common misconceptions about SIP. In this […] Continue reading →
Budget 2018 along with many changes to tax laws also introduced a new Section 80TTB. According to this Senior citizen can claim tax exemption up to Rs 50,000 on interest income from bank/ post office fixed deposit, recurring deposit or savings account.Also, if a senior citizen opts to take advantage of Section 80TTB, he cannot […] Continue reading →
Aadhaar has become a critical identity for all Indians as it has been linked to PAN Card, EPF, Banks, Mobile Phone and much more. Just imagine the mess if you come to know that your Aadhaar Number has suddenly been deactivated! In an answer to question in Rajya Sabha Minister of State for Electronics and […] Continue reading →
With the rising stock market, there has also been deluge of equity NFOs (New Fund Offers) from Mutual Fund Companies. This phenomenon is repeated every time the stock market starts running! The graph below shows the trend of equity NFOs from 2000. As you can see most NFOs are launched when the market is nearing its […] Continue reading →
As of today most banks like SBI, ICICI Bank, Union Bank of India, Punjab National Bank (PNB) offer 3.5% interest on their saving bank account. This all started with SBI slashing interest rates on savings account to 3.5% on July 31, 2017 for balance less than Rs 50 Lakh. Reserve Bank of India (RBI) had deregulated the […] Continue reading →
Most people would have filed their Income Tax Return (ITR) by now. But do you know your tryst with ITR does not end with here. This post we discuss what awaits you after you have filed your tax returns? Expect mail from IT department u/s 143(1) Once you file your ITR, the income tax (IT) department […] Continue reading →
RBI on September 2015 had granted licence to 10 Small Finance Banks. Lately these banks have been in news for offering higher interest rates on their fixed deposits as compared to regular banks. In this post we would tell you whats on offer by small banks and if you should invest and bank with them! […] Continue reading →