Category Archives: save tax

Save Income Tax for Salaried Professionals for Financial Year 2018-19

By | 14/06/2018

The financial year 2018-19 has arrived. It is time to pay tax. How do you save tax? Worry not! We have a few methods to save tax. Tax Saving Methods for Salaried Professionals: Invest in Public Provident Fund (PPF) : One of the most popular and foremost investment options in India is Public Provident Fund… Read More »

Are You Aware Of The Term,’National Savings Certificate’? – MoneyMindz

By | 13/06/2018

Investments are varied in number. Your financial goal determines where you have to invest for better returns. One of the investment options available is National Savings Certificate also called NSC. What is National Savings Certificate? National Savings Certificate is a Government Savings Bond usually for small savings and income tax saving investments in India. It… Read More »

Fixed Maturity Plan(FMP) | MoneyMindz

By | 13/06/2018

What are Fixed Maturity Plans? Fixed Maturity Plans (FMP) are closed-end debt funds that have a fixed maturity period. They aren’t accessible for subscription on a continuing basis. A New Fund Offer (NFO) is introduced by the fund house for a certain duration. There will be an opening date and a closing date. You can… Read More »

Thinking Further Than Just Property While Saving For Your Child | MoneyMindz

By | 05/06/2018

Young couples take “investment for child’s needs” seriously usually after the birth of their child. They don’t realize that this causes problems for them later on in the name of inadequate funds or money shortage. Many Indian savers save keeping top 3 goals in mind; Education of their children, Weddings of their children and their… Read More »

Reconsider Your Estate Plan In Today’s Domain| Real Estate Financial Adviser | MoneyMindz

By | 01/06/2018

Elevated procuring influence, ascent in life expectancy and related concerns regarding retirement survival are fundamental factors to contemplate while determining estate planning. You ought to possess a proposal to finance health care or long-term care. Exigencies such as terminal illness have to be considered and planned. Planning has to be done for asset protection for… Read More »

Invest In PPF Account Before 5th Of Every Month. Here Is Why – Money Mindz

By | 21/05/2018

The Public Provident Fund is what you call PPF. The principle and interest you earn on the Public Provident Fund is guaranteed by the Indian Government. That means your investment is safe and you earn interest on it. PPF is a chosen investment for a large number of Indians and continues to be so. Wistfully,… Read More »

Have You Submitted Investment Declaration To Your Employer On Time To Avoid Excess TDS?-Money Mindz

By | 02/05/2018

Do you know about the importance of submitting investment declaration to your employer on time? If not then it is very important in order to avoid excess TDS (Tax Deducted at Source). So, the accounts department of companies would have already begun asking for the investment declaration from their salaried employees at the start of… Read More »

Mutual Fund Investment Schemes For A Students – MoneyMindz

By | 31/03/2018

You can open a mutual fund account with a bank (or) an offline or online broker also. Before you invest, you should know what mutual funds are and understand the operational process of investing in it. What is mutual fund investment An average investor can invest money in stock market directly or if not take… Read More »

Tax Changes Will Come Into Effect From 2018 April 1 – MoneyMindz

By | 23/03/2018

The Finance Bill 2018 was passed on March 14 and it will become law by April 1 once President Ram Nath Kovind signs off on it. Once it becomes law it will directly have an impact on the taxes you pay. Some of the key changes include reintroduced standard deduction, tax relief for senior citizens,… Read More »

How To Save Tax On This Tax Saving Season- MoneyMindz

By | 16/03/2018

There is only one goal for a salaried or non-salaried person to save tax their hard earn money. Tax saving season is on for every salaried and non-salaried person. Here are some options where we can save tax on our hard earned money. Interest received from the bank: Off chance is there that you not… Read More »