Personal Finance Blog
Many of us invest in the name of our spouse or kids and feel that we can easily avoid taxes. But it is not true in many cases. Because even though the earning is in your spouse or kids name, Clubbing of Income provisions apply and you have to pay the tax. Let us see the applicable rules in this regard.In this regard, let me separate in two … [Continue reading]
PPF Account is considered as one of the favorite investment for many of us as it gives tax benefits and also the safety mentality. However, many of us open PPF in our name, minor kids name and also in wife name. But hardly few know what are the rules, tax benefits and tricks you can use with PPF Account for Minor and Wife. # Who can open the PPF … [Continue reading]
The IT Department recently confirmed that as on July 27, 11,44,211 PANs have been identified and deleted or deactivated in cases where multiple PANs were found allotted to one person. Hence, it is best for you to check status of PAN card active or not online without login. What are the reasons for deactivating the PAN Card? # The first major … [Continue reading]
Aadhaar is now turning to be one of the most important KYC document. Hence, protecting your privacy from any misuse is also important. Let us see how to lock and unlock Aadhaar Card online and protect from misuse.You must all know that while obtaining Aadhaar card you provide your biometric information like retinal and fingerprint scan data to … [Continue reading]
Many of us have the confusion of what is inoperative EPF accounts and how long the EPFO will credit the interest rate. For this, EPFO comes out with clarification about interest on inoperative EPF accounts. Let us see the rule. What is the meaning of Inoperative EPF Account? Before jumping into the recent changes, let us first understand what is … [Continue reading]
Effective from 27th May 2017, you can now transfer EPF online using EPF Unified portal. Earlier option of using OTCP (Online Transfer Claim Portal) is no more in use now. Hence, let us understand the process.As I pointed above, earlier there was a separate portal meant for requesting online transfer claims. However, from 27th May 2017, that … [Continue reading]
Many of us have Term Life Insurance and Health Insurance. However, we never gave the importance to Critical Illness policies. Let us see the importance of having Critical Illness policy and analyze which is Best Critical illness policy in India 2017 with comparison table. Why we need Critical Illness Policy? Your Life Insurance will come into … [Continue reading]
How often you check bank statements? Many of us never given importance or habit to check bank statements regularly. But nowadays banks never remain bankable. Hence, we must always be suspicious.Those who follow me on Facebook and in BasuNivesh FB Page may be aware of this incident which happened to me. Because I shared this in social media. … [Continue reading]