In the recent floods in Uttarakhand called as ‘Acts of God’ led to huge losses, both life and property. In fact, the number of people missing and dead toll could far exceed the number of bodies found, with the flash floods swept away or buried under the rubble many who may never be found. Many will […]
How Saving Rate affects Retirement Corpus at different ages?
Whenever, we hear the word ‘Retirement’, our provoking thought that, there is enough time ahead and this way months and years pass on. We have done everything for our children and family, and completed all the responsibilities of life, but have terribly forgotten about retirement planning. All life, we have earned and spent it on […]
Are your Fixed Deposit Returns axed by TDS?
You must have bank fixed deposits with your bank as bank fixed deposits are amongst the safest avenue of investments. But, have you ever checked, exact how much return you would get when those matures. We often know the fixed rate of interest per annum, say 8% or 9%, but you may not know how […]
Nitty-gritty of your taxable Pay Package!
Today, professional companies do not engage on the basis of what will you get take-home salary but your cost to company (CTC), the money what they will spend on you. So, let’s first understand what constitutes CTC? Though, the CTC has no clear standard definition and varies from company to company but it can contain […]
Grievances of Bank Depositors
You may not invest in mutual funds or may not have an insurance policy; but must have one or more bank accounts. Because, the nature of banking is such that we trust bankers and rely on their advice. We entrust our money to banks and expect safety, fair dealing, and polite service and authenticity of […]
How mom and dad can help you save tax?
Since inception of birth, your mom and dad are always there to protect you, even if you feel independent. Now, thanks to your parents, they will be again there to help you indirectly by letting you save more tax. They can bring down your tax liability in various ways, provided they are in a lower […]
Thinking Beyond Section 80C
For many tax planning starts as well as ends with Section 80C – which enunciates investment instruments for tax saving. But investing only in these investment instruments would not lead to optimal reduction of your tax liability. Our Income Tax Act, 1961 also considers the humane side of our life and also gives deduction for […]
Test Your Spender Personality?
Do you know what your spender personality is? Many times, I have heard people say that that “don’t earn sufficient money so that can save etc. and my income is so low, I could not even think about financial planning”. On the flip side, some earn sufficient money, still they could also not think about […]