Daily Market Analysis – 05th Oct 2020
1. Pradhan Mantri Awas Yojna (PMAY) Pradhan Mantri Awas Yojana is an initiative by the Government of India in which affordable housing will be provided to the urban poor with a target of building 20 million affordable houses by 31 March 2022. Some defined benefits of PMAY are given below:- Avail subsidy upto 2.67 Lakhs*Interest subsidy at a rate of 6.5%* for a tenure of upto...
Know How To Structure Your Salary To Save Tax
Your salary is made of many components like basic salary, allowances (taxable and exempt), perquisites, etc. While calculating taxable salary, some of these components are taxed as per the Income Tax Act, whereas some stand exempt under the law or partial for some of the cases, subject to conditions. We will give you some of those items or parts of the salary structure, which would help you...
How To Select Your SIP Investment As Per Your Goal
Every individual has certain goals and aspirations in life. Short term goals include going for a dream vacation or buying a flashy car whereas long term goals include financial planning for the golden years of life, child’s education or even buying the dream abode. But for turning these dreams into reality we need backing of an adequate corpus. It has been proved time and again that starting...
Daily Market Analysis – 30th Sept 2020
Reliance Industries Limited and Reliance Retail Ventures Limited announced on Wednesday that General Atlantic will invest 3,675 crores for 0.84% into RRVL It is the second investment by General Atlantic in a subsidiary of Reliance Industries, following ₹ 6,598.38 crore investment in Jio Platforms announced earlier this year.It is a step towards transformational digitalization of small and...
Daily Market Analysis – 29th Sept 2020
State Bank of India (SBI) has come up with a slew of special offers for its retail customers to spread festive joy amid the coronavirus pandemic. The nation’s largest lender has announced a 100% waiver in the processing fee for all customers applying for a car, gold, and personal loan through YONO. The bank is offering the lowest interest rate starting from 7.5% to customers opting for car...
Daily Market Analysis – 28th Sept 2020
NEWS CAPSULES UK’s Vodafone Group Plc. has won an international arbitration against the Indian government over retrospective tax demand of ₹20,000 crores, in the Permanent Court of Arbitration in The Hague which has ruled that the Indian government’s imposition of tax liability on Vodafone is in breach of the investment treaty agreement of ‘fair and equitable treatment,...
Daily Market Analysis – 27th Sept 2020
EPFO has provided a huge relief to employees who will be retiring from SEP 30th onwards. Companies have to now send a list to the government mentioning the names of the employees who will retire in that particular month. The government will then initiate the retirement benefits in that month itself rather than the previous waiting period of 3-4 months. It is a very good move and will help...
Different 80C Options You Are Completely Unaware Off
Tax Awareness’ is keeping yourself up to date with current tax rules made. Tax is vast and it is very difficult too, to keep up with the changes in these rules every year. And it is because of this lack of awareness, people just pay the tax that gets deducted from their salary. They feel that tax is so complicated, that is better to just pay it off. Some people have had bad investment...
Are you also in your 30s like Mehtas?
Financial planning is so crucial and is different for every individual. It differs based on the age of a person, his risk appetite, his current investments and the most important factor – his goals. Keeping this in mind that “No one financial plan fits all”, today in this blog we will be discussing a case study of Mehta and family (Name changed) to help you get an idea of how to...