New Tax Regime Vs Old Tax Regime
In the Union Fiscal Budget 2020 unveiled by the FM, Nirmala Sitharaman announced a new and simplified income tax regime with revised income tax slabs and tax rates. This new tax system is optional to the taxpayers and it is not mandatory to opt for a new tax regime. To put it simply, the assessee can either choose the New Tax Regime or continue to follow the Old Tax Regime depending on what...
Why To Choose MF’s Over Pension Plans?
Retirement planning is absolutely necessary so that you have a corpus at hand when you retire and need funds to meet your lifestyle expenses. As you plan for your retirement you have to factor in many questions like, how will you streamline your debt? Or how will you arrange for your medical bills? Or probably other aspects like estate planning. As individuals, we want a comfortable and...
Impact of COVID-19 on your Retirement Planning
Coronavirus outbreak has impacted the entire world in more than one way. Every human being has felt the effects of covid-19, be it socially, financially or on health. COVID-19 cases crossed 19 lakhs globally and around 1.25 lakhs turned fatal. In India, the number of cases is in control but still has in 3 weeks crossed 11,000 mark from just 550. The growth in covid-19 cases is increasing...
Importance of having a WILL during this Pandemic
Protecting your assets and your loved ones has always been the first priority when one starts to plan their finances. The first step should be the protection of wealth and then the accumulation of the same. It is vital to realise how important it is to have a WILL. In India, majority of people think that they are immune to any unfortunate event. Ask those who have suffered. We have...
5 Financial Planning Mistakes To Avoid While Investing
Do you think just putting money in some investment products and getting income tax exemption is the meaning of financial planning? I am sure, many people around you actually think this is all about it. When I got my first salary, I started getting advice from my father and relatives to start investing money in small portions. In fact, many of my friends even started suggesting me some...
10 Personal Finance Tips for New Professionals
Earning income is not enough, investing and rerouting such money is most important. New professionals are mostly in the range of 20s. This is just the beginning of personal finance and if better financial planning is carried out at this phase, it would yield amazing results. This article will show how the young professionals who have just started their careers, should handle their personal...
7 Golden Rules of Financial Planning
We often learn by hard truths. That is to say, we learn by facing obstacles. The latest nerve raking demonetisation issue has already taken a big toll on the lives of Indians. If people ever did not think of planning their financial needs and goals, this time around they are seriously doing it in time. Financial planning is all about considering your future income against your expenses...
FM Throws A Lifeboat To Save The Sinking Economy
Union Finance Minister Nirmala Sitharaman addresses the concerns over the on-going economic slowdown in the country after Moody’s Investors Service reduced India’s GDP growth rate to 6.2 % from the previous estimation of 6.8%. The intent to announce a slew of measures to revive growth in the economy was to understand the concerns of the industry and help the sinking economy. The FM gave...
Confirm These Things First Before Hiring A Financial Planner
Our finance is as precious to us as our children and health and maybe that is why we wish to confer the same in reliable hands. In many cases, people like to take the final call regarding financial matters by themselves. Otherwise, a financial planner can serve him by ensuring the best possible utilisation of the hard-earned money. The crucial process of financial planning can take you a step...