The last budget hike in deduction limit under section 80C means that taxpayers have more room to save their money by up to Rs50,000, thanks to our finance ministry for enhancing the overall limit under Section 80C from Rs 1 lakh to 1.50 lakh per annum. The Government gives an opportunity to all tax payers […]
How to fill the gap in coverage of Life and Health?
You would be living in a city, town, village etc. and being a salaried class, you may also be operating daily from home to office for months and years. Thankfully, increasing awareness about term plan, you have already bought the term plan worth Rs 1 crore and also a health coverage plan for securing your […]
Demystify your monthly Contribution go into EPF!
The employee provident fund (EPF) is well renowned fund created by the Employees Provident Fund Organization (EPFO) of India, a statutory body of the Indian Government under the Labour and Employment Ministry for social security of all private salaried employees to provide financial support to them above a certain age, such as post retirement age. […]
Equity Profit: Capital Gain or Business Income?
We have been seeing the prices of almost shares rapidly skyrocketing and touching new 52-week high. Many investors are, now contemplating to book their profit on such shares so as to limit their losses. While selling such shares, most investors get confused as their investments have to be treated as capital assets or business income […]
Bring Hierarchy of Needs while using tax savings!
It is an unfortunate for those people who tend to have primary goal to save taxes without knowing their financial needs about what it means to them other than the money they save in doing so. For the past 5 years, Noida-based Mr. Amit Shah aged 35 years has been paying taxes and using Maslow’s […]
The Flipside of Health Plans offered from Banks!
Two years back, Sanjay intended to buy medi-claim policy for his family including his parents with adequate coverage at the budgeted premium. After getting information on different policies, someone had suggested him to buy a family floater plan but the premium rates for family floater policies were ranged between Rs20,000 to Rs 24,000 per year […]
How to build up positive Cash flow in your life?
We tend to pay for everything else in the following order: rent, groceries, utilities, fun and may be saving at last and the cycle is going around these corners. Undoubtedly, you would like to save, but there is just no money left at the end of the month. The problem does not lie in your […]
How should you get financial advice?
People are, often seeking free financial advice. They tend to ask to suggest best stocks and best mutual funds for ad hoc investments. Some of them are specific for investing in a magical financial instrument where he could get double in one to three years. Many of them want to know while investing a small […]