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 →
NSC (National Saving Certificate) is popular tax saving investment under section 80C. It has maturity of 5 years and is guaranteed by Government of India. This post lists the significant features of NSC, tax benefit, taxation, loan available, etc Interest Rate on NSC: As of today (for October to December 2018 quarter) NSC gets 8.0% […] Continue reading →
Government of India announces interest rate on small saving schemes like PPF, Senior Citizen Savings Scheme, Post Office Fixed and Recurring Deposits and Sukanya Samriddhi Account every quarter effective April 2016. This is done to keep these interest rates in sync with the market rates. The table below shows the interest reset schedule: Interest Rates […] Continue reading →
Fixed deposit with banks are the most popular investment option for regular income after retirement. But with interest rates going down retirees have started exploring other options. Systematic Withdrawal Plan (SWP) in debt fund is one such option which retirees and people looking for regular income must evaluate. As per your SWP instructions to mutual fund, […] Continue reading →
I often get request to calculate income tax for readers and how they can save more tax! It’s not possible for me to calculate it for everyone. So going forward I would pick cases and show how to calculate income tax and if there is scope to save additional tax. Below is the comment I […] Continue reading →
PPF (Public Provident Fund) is one of the most popular and probably one of the best investment options in India. And rightly so because of the features, tax benefit and almost risk free returns that it offers. In this post we discuss everything you wanted to know about PPF. Who can Open PPF Account? Any […] Continue reading →
Death of the main bread winner of the family can be emotionally and financially traumatic for the dependents. If you have the right life insurance the financial part can be taken care to an extent. Here are 9 things you should think through before you buy the right life insurance. How much life insurance you need? […] Continue reading →
Aadhaar today is the most important identity document in India as this has to be linked to various services like bank accounts, investments, insurance, mobile connections, PAN card. Additionally you need Aadhaar for getting new mobile connection or open new bank account. With rising importance Aadhaar, it is also eye candy for fraudsters mainly for […] Continue reading →
There can be several situations when we look for regular income. This is especially true for people after retirement without any pension. Also there would be new entrepreneurs who need regular income until their start-up stabilizes. We tell you 13 investments which can generate regular income for you along with their pros and cons. 1. Bank Fixed […] Continue reading →