Personal Finance Blog
A majority of us are aware of the Sec.80c options. But are you aware of the Tax Savings options other than Sec.80C for FY 2017-18? In this post, let us explore those options and how wisely you can save tax.In my earlier post, I explained in detail about what are the investment instruments you can use to save tax under Sec.80C. (Refer Deduction … [Continue reading]
Recently I came across this headline "Invest for 3 years - Save Tax For LIFETIME". Sounds eye catching right? Because for many of us tax is the only force which makes us invest. Let us try to understand such GIMMICKS in detail :)Here, the product recommended for investment is ELSS (Equity Linked Savings Schemes) or Tax Savings Equity … [Continue reading]
Confession time: The first time I learned about the markets was when I was 16. My father came home and said he had made 3000 from an ICICI script that shot up within a month and he wanted to celebrate. We went for a dinner and had some of my favorites - Biryani and Kadai.The next day, looking like the very eager beaver, I jumped on the internet … [Continue reading]
CBDT on 7th June 2017 announced the Cost of Inflation Index for FY 2017-18 (AY 2018-19). The biggest change this year is that the base year was changed from the earlier FY 1981-82 to FY 2001-02. What is Cost of Inflation Index (CII)? It is a measure of inflation that is used for computing Long Term Capital Gains (LTCG) on the sale of capital … [Continue reading]
HDFC Life recently revised it's existing term life insurance plan and launched a new plan HDFC Life Click 2 Protect 3D Plus. Let us see it's review and benefits. What is Term Life Insurance? Term Life Insurance is a type of life insurance, which provides coverage during a policy period. If the insured dies during the policy tenure, then his … [Continue reading]
We all investing in NPS and assume that it is managed by PFRDA. But the reality is that there are some fund managers who manage your money. Hence, it is important for you to understand the NPS Returns for 2017 and who is the best NPS Fund Manager? What is Scheme Preference in NPS Account In NPS, there are two types of options available to create … [Continue reading]
Paytm recently launched a unique Gold based investment Gold Accumulation Plan called Paytm Digital Gold. This is claimed to be one of it's first in the world. Let us see the features and review this product.Paytm launched this product in alliance with India's only Internationally Accredited Refinery MMTC-PAMP, enabling Indians to buy, store and … [Continue reading]
One of the recent euphorias from many of us is about MCLR and its impact on our EMI. Whether I should switch from the existing loan to MCLR based loans? There is a lot of confusion as the concept is new and common people can't understand the terms used. Hence, let us simplify and understand this concept.All loans sanctioned and credit limits … [Continue reading]