It is last month of Financial Year 2014-15. LIC is launching new plan from 4th March 2015 called Jeevan Sangam (No.831). This plan is mainly meant to garner the business from those taxpayers who run to invest at year-end.This is single premium, non linked, with profit, single premium and limit … [Read more...] about LIC’s new plan 2015-Jeevan Sangam (No.831) Single Premium Plan
There was huge expectation before Budget 2015 that Modi Govt will bring moon to all of us. Few created big lists of expectation. However, all were disappointed when the much awaited tax slabs not changed. So let us see what the changes are proposed in this Budget 2015 and how they affect your … [Read more...] about Budget 2015-20 Changes that affect your Personal Finance
Recently Reliance Mutual Fund came up with NFO called Reliance Retirement Fund. This pension fund offers you the feature of investing in equity and tax benefit under Sec.80 C as well as. So whether is it a good pension plan with a tax benefit? Let us see.First, let us see the feature of this … [Read more...] about Reliance Retirement Fund-Is it a best pension plan with 80C benefit?
Recently Government launched a girl child scheme called Sukanya Samriddhi Account and I have already written about this in my earlier post. When you compare this scheme with PPF, many features look similar with slight changes. So in this post let us discuss about this (including the tax benefit of … [Read more...] about Difference of Sukanya Samriddhi Account Vs PPF (With Tax Benefits)
On 18th November 2014, Government of India launched Kisan Vikas Patra (KVP) with much fanfare. This is considered as safest investment. So let us understand the difference among KVP, NSC, PPF, and Bank FDsIn below image I simplified few features, which are very much important while … [Read more...] about Comparison of KVP, NSC, PPF and Bank FDs
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 !!!