Recently LIC launched a plan and I wrote my review on the same. When we say stay away from traditional LIC plans and buy term insurance. Then definitely, a section of people strongly advocates about such plans. Therefore, I tried to summarize it in below points for your benefits to buy Life … [Read more...] about Indian perspective of why to buy Life Insurance !!!
Archives for October 2014
Mutual funds have been the preferred investment route for the investors for their simplicity, ease of access and suitability for any kind of financial goal. However, selecting the mutual fund scheme to invest in remains a challenge owing to more than two thousand primary schemes in the … [Read more...] about How to choose best performing Mutual Funds in India?
All salaried are very much familiar with HRA and how to get the benefit of the rent they pay. However, what about those who not get HRA in their salary or for self employed? Will they still get rent benefit? The answer to both the questions is Section 80GG of Income Tax.So as I said above … [Read more...] about Section 80GG Deduction-Get Tax Benefit on rent paid if not getting HRA !!!
When I wrote a post about the recent changes of EPF effective from 1st Sept 2014, I found that many employees not aware about the basic things about EPFO. Employers use this as a tool to modify the rules to their wish. Hence, thought to summarize the basic things in this post.Note-We have … [Read more...] about Few frequently asked questions about Employees’ Provident Fund (EPF)
I know whoever have bank account might have came across these two words while writing cheque or interacting with the bank. But do you know the difference between these two and how and at what time one must opt for these two facilities of writing cheque?Before proceeding further, first let us … [Read more...] about What is Account Payee Cheque and Crossed Cheque?
Few might have already started their tax planning from the beginning of a year, i.e. from the April month itself. However, the majority of people will start to think only at the year-end. So let us discuss what are the tax saving options, one can utilize.1) Life Insurance-a) Endowment … [Read more...] about Best Tax Saving investment plans and ideas in India