Is Your Family Ready For Insurance Claim Rejection?
Every insured person always have this worry. Everyone remains a little concerned over this. Will the insurer settle my claim as per the policy terms? Is there any hidden condition that can actually prevent me from getting my claim in the right time? Is there any activity or possible loopholes in the process that can negatively affect claim settlement? All these worries and concerns are...
Tax Planning For Salaried Youngsters
Just started making money. First Job, first-month salary. How do you feel when tax is deducted from your salary? obviously, the feeling is not good. The best you can do is to start on the right note. Start tax planning in the right way as per your future financial goals and aspiration. The objective of tax planning should not be only to save taxes but also to help you to create corpus or...
8 Common Investment Mistakes You Must Avoid
Strategies of wealth management are some basic fundamentals that everyone should be aware of. The power of intelligent investment in the creation and multiplication of wealth is indisputable. However, many of us are not aware of some basic flaws that every investor might fall prey to. We often treat terms associated with investment strategies as financial jargons meant only for the erudite....
7 Signs That Signifies Financial Health Checkup Need
Most people are unaware of certain basic things or factors to look out for, which are basically warnings towards incoming financial peril. If ignored these may prove to be very costly, but if identified at an early stage, they may be corrected to ensure sound financial health and leads the way to efficient and effective financial planning. Let’s see the top 7 signs indicating the need for...
Don’t invest just to save taxes
For many people in India investment is all about tax saving. For them, Investment planning starts with tax savings and ends with tax planning. As the second quarter of the financial year has started, many of us will start thinking to invest to save taxes. Also, because the tax-saving deadline has been extended to 31st July 2020 for FY19-20. In this process of investment many times we may get...
How to gain Tax Benefits on Loans in India
Loans are a great responsibility for any person – be it any type of loan. Loans such as auto loans and home loans have a substantial tenure too that makes reimbursement a truly problematic and tedious routine task. The selection of the type of loan solely depends on the financial requirement for which you need the loan. Hence, customers can’t choose loans on the basis of the tax benefits they...
Five heads of Income eligible for Income Tax Computation
As per Section 14 of the Income Tax Act of 1961, there can be several modes of income for an individual. The income tax computation is an important part and has to be calculated according to the income of a person. For a hassle-free computation, the income has to be classified properly so that there is zero confusion regarding the same. The government has classified the sources of...
Points to consider while investing in Mutual Funds
SIP – Systematic Investment Plan, one of the most popular modes of investments in Mutual Funds. It is good to see how people are becoming aware of the investment options available to them. There was always this wrong idea people had with SIPs ‘That it’s meant for only the rich’. No one becomes rich overnight, unless you’ve won a lottery or a game show. What are...
4 Important Financial Lessons Learned From COVID-19
The coronavirus has spread like a fire globally. This pandemic has taught us not one but many lessons. As it is always said, any experience teaches you some lessons. It is up to us whether we understand it or just ignore it. In this blog, we will focus on the financial lessons we learned regarding our personal finances from this deadly virus – COVID19. The pandemic has also dealt a huge...