Consumers will certainly have a checking account and also a debit card, but many people do not have a savings account set up. We get to see that for one or the other reason, the majority of consumers who open a checking account usually do not open a… Read More »
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 »
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 »
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 »
Managing your finances is independently is so crucial, especially when you have begun earning money. Staying away from debt while clearing your old debts, ensuring you don’t overinvest, everything is a bit daunting! We will give some tips on how to stay financially secure. 1. Institute monetary targets Have an understanding of the monetary… Read More »
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 »
Are you a late starter for Tax Saving Investments? Worry not, for we have the solution for you!! Tax planning funds cater to the investor’s need of minimizing the tax burden on the returns from investment options. They are also called equity-linked tax saving funds. Some tax saving options where no cheque needs to be… Read More »
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 much tax you should pay depends upon the tax slab applicable to your income. Income tax is calculated on the basis of these tax slabs. Income Tax Rates for taxpayers under 60 years of age in FY 2018-2019 and FY 2017-2018 Income Slab Tax Rate Up to Rs.2,50,000 … Read More »