Tax Planning Demystified
Income tax is always a complicated subject. It’s difficult to understand for a layman. For a salaried person understanding complicated and confusing tax terminology is a nightmare. Through this article, we will make your life simple and make you understand tax jargon in an easier manner. In today’s article, we will discuss the basic difference between Exemption, Deduction, and...
The Five Secrets You Never Knew About Mutual Funds
Mutual funds are the instruments which are included in everyone’s portfolio. It seems quite convenient for those who do not want to jump in stock market directly. Since mutual funds are professionally managed and fetch reasonable returns adjusted to risk appetite (as per the investment strategy of the fund), they have become investor’s favourite, be it conservative or be it aggressive...
Top Secrets to Choose the Best Term Insurance Plan
You cannot predict what is there waiting for you in the future. There are always lots of uncertainties and causalities coming up for you in the future and you are always unaware about it. These uncertainties cause a drastic financial crisis to your family and closed ones. You can help your loved ones by planning for your and their future and apply for a term insurance plan. Choosing the best...
Saving Tax On Long Term Capital Gain
I’m sure that, more than half of the nation, wishes that, they didn’t have to pay tax. Life would be a lot easier if we didn’t have to pay. Sadly that’s not possible in India. This is because most of our Government earnings are dependent on the public through tax. It is our duty as citizens of India to pay tax, where our money goes, is a whole different thing...
What Is Form 16?
Form 16 is the most important document for which any salaried individual waits for. This document is issued by the employer mostly till 31st May for previous financial year. Being a valuable document for return filing for any salaried individual, It is very easy to understand and this article will give you insights on the same. What is Form 16? Form 16 is nothing but TDS Certificate...
8 Life Events Where Financial Planning is Mandatory
Financial planning is an important task in the management of your finances. It is not just limited to the norm of planning the strategies and ways to invest your money into the various business ventures or funds or insurance schemes by various companies, but it also includes the planning to put every single penny of your income and savings into something very beneficial. A financial planner...
Financial Planning – Tips For Every Generation
Financial planning is relevant as well as vital for all the age groups. So, whether you hire a professional to do it for you or you prefer to do it yourself, we are giving you the tips for financial planning for every generation. This will either help you talk to your financial planner or will help you determine the investment strategy if you are going to do it yourselves. The ones in...
Things To Know Before Starting An SIP
SIP i.e. Systematic Investment Plan is a great way to make more money in the long term and short term period. Many people start the SIP to fulfill their future goals, like buying a big house, going on a vacation abroad, saving for retirement or buying a luxury car, etc. There are many other reasons to starting a SIP. However, before starting a SIP you should know the essential things about it...
Top 6 things to avoid while investing in ELSS funds
An open-ended scheme, whereby funds have no restrictions on the number of shares issued and capital is allocated in a diversified way leads to mitigate the loss. ELSS funds are considered to be a good option to invest as money is diversified and it is also one of the “best tax savers”. ELSS is popularly captivating it’s a share in the current market, in terms of onboarding the investors...