Whether you are planning on buying a house, embarking on a new career path or just drawing lines for your children’s future, this hoary advice rings your ears: “Do your best, but be prepared for the worst.” Of course, you have paid heed to it and that’s the reason why you have bought insurance policies. You… Read More »
Some habits die hard. One such habit is jumping out of your seat when you get a rude shock. Jeevan, a senior editor with a media group, did just that – jump out of his seat – when he received a call from the accounts department telling him that he would receive only 40% of… Read More »
Well-planned movies become debacles. As do game strategies in chess. The dressing room strategies of the Indian cricket team always seem to be in the danger of backfiring. Can’t then your tax planning strategy? Here are 7 surefire indicators that it has. You find yourself struggling to use up the Section 80 limit People tend… Read More »
In an attempt to encourage people to save more money by stepping up their investments and boost savings in the economy, the central government has re-launched the famous Kisan Vikas Patra scheme (KVPs). Kisan Vikas Patras would offer an annual return of 8.7% by doubling the total amount invested in the scheme in 100 months… Read More »
Just like everyone wants to go to heaven but no one wants to actually die, all of us would want to get our incomes increased and want to stay away from tax. However, it is good news for at least for that there are certain incomes for which you need not pay tax! The Indian… Read More »
Today 20s is considered as the best time of one’s life as unlike yesteryears today’s youngsters get highly paid jobs fast. Twenties is also a care free period with less dependants and responsibilities to worry about. But many youngsters often commit the mistake of spending their earnings lavishly and are least bothered about the money… Read More »
Financial emergency is a common situation witnessed by even the most ardent financial planners. From the average person to the high net worth individuals, monetary crisis can happen to anyone. It is not about avoiding the financial crisis that separates good financial planners from the rest, but the way to successfully combat a financial crisis.… Read More »
Enough cannot be said about the importance of planning your savings and understanding tax components that you can utilise to maximize your income. One of the best ways to take the time to research and plan well in advance, is to start on this exercise right in the beginning of the financial year and not… Read More »
The deadline for filing income tax returns is 31st of July for years when the financial year ends on 31st March. Despite this deadline being an extremely familiar and well known one, many people still miss it for a variety of reasons. Reasons may be genuine problems or simple procrastination for missing this deadline. In… Read More »
Empirically, the percentage of investments just before 3-6 months of tax filing climbs up while it becomes a bit subdued post the tax filing season. Why such a scenario? What is the relationship between tax filing and investment?