Balwant Jain

Articles By Balwant Jain

40 Articles

Before claiming Section 80C Income Tax deductions, be aware of these conditions

All of us avail tax benefits under Section 80C of the Income Tax Act, but only a few are aware that these benefits come with certain strings attached.

How to harness the potential of healthcare sector

It is very likely that both the Centre and the State governments will be charting out plans to make huge investments in the healthcare sector, in the times ahead.

Can you claim both HRA and home loan tax benefits?

The conditions for claiming HRA are different and those for claiming home loan benefits are different and are mutually exclusive.

How investing in equities with lower volatility can help you

Various studies have proven time and again that equity investing is one of the optimal ways to beat inflation and create wealth over the long term.

7 tax tasks to complete before 31 March 2021

There are certain tax tasks which we need to complete by the 31st March 2021. Here we are taking a look at some of them.

RBI scheme to increase retail participation in government securities: What is it and will it succeed?

As per the RBI decision, individuals will be allowed to open a gilt account through the RBI’s electronic platform.

Government attempts half-heartedly to bring in taxation parity between mutual fund and ULIP

The budget has proposed to amend the Section 10(10D) to restrict the exemption in respect of ULIPs for those ULIP policies where the annual premium payable in respect of such policy does not exceed Rs 2.50 lakh during the pre


Interest earned on PF contributions above Rs 2.5 lakh is taxable now – How you will get impacted

Since we do not have a social security system in our country, why should the government discourage anyone from contributing a higher amount towards his retirement fund?

How Budget 2021 proposals will impact homebuyers

The budget has made two proposals which intend to extend the tax benefits available to home buyers.

National Pension System: Government needs to make NPS fair for all categories of subscribers

Presently only the Central Government employees are allowed to claim deduction under Section 80C for contribution made towards the Tier II account of NPS with a lock in of three years.

Business Cycle Fund Investing: Here’s all you wanted to know

Those who wish to take the benefit of first mover advantage and do not wish to take the risks involved of investing in sectorial funds can invest in the business cycle funds.

5 most important financial resolutions for 2021

This is the time of the year when a majority of us make some resolutions as regards our physical fitness but only a few make resolutions for remaining financially fit.

Income Tax Return filing for AY 2020-21: Who can use ITR-1 Sahaj and who cannot?

Form ITR 1, popularly known as Sahaj, is used by a majority of tax payers for filing their income tax return. Here is a look at who can file this form and who can't.

Income tax benefits on EPF contributions and withdrawals: All you need to know

EPF is an excellent tool for salaried to accumulate funds for their retirement. Let us discuss the income tax implications of EPF contributions and withdrawals.

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Should you invest in tax-free bonds? Find out

In case of tax-free bonds, the interest is tax-free and therefore such bonds are priced higher than the taxable bonds.

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Claiming LTA benefits through GST paid goods and services – Here’s all you should know

Under the scheme announced, the Central government employees are allowed to get cash in lieu of their entitlement for leave and LTA both whereas other employees can claim LTA only, on satisfaction of certain conditions.

Can you get a home loan with no credit history? Find out

A CIBIL score is a numerical value ranging between 300 and 900 which is arrived on the basis of your transactions with financial institutions.

Does the SBI home loan restructuring scheme work for you?

SBI has announced that its home loan borrowers can opt for the moratorium for payment of their EMIs for a period up to two years.

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ESG Investing: How to invest in ESG companies – Here’s all you wanted to know

Even though the idea of investing on the ESG parameter is at a nascent stage in India, it is very likely to catch up soon due to increasing awareness about such important aspects.

Are you paying higher interest on your home loan?

In case your lender is charging you a higher interest rate on your home loan than what others are offering in the market, it always makes sense for you to either shift to another lender or to evaluate the possibility of getti

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RBI’s individual loan restructuring scheme: All you wanted to know about it

To help the borrowers impacted by Covid-19, the RBI has announced guidelines for devising the policy for granting relief to such borrowers.

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How to open an NPS account online and offline – All you wanted to know

You can open an NPS account online by visiting the website of either NSDL or Karvy. There are the two routes through which you can register yourself for an NPS account.

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National Pension System: How withdrawals from Tier II NPS account should be taxed

Though tax benefits for contribution to the Tier I NPS account are available to all subscribers, tax benefits in respect of the Tier II account are available only to the Central government employees with three years lock-in p

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Faceless Assessment & Taxpayers’ Charter: All you need to know about them and their impact on the system

In the series of tax reforms, the Prime Minister recently announced some reformative measures during the launch of 'Transparent Taxation - Honouring the Honest' platform. Let us discuss some of them.

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Restrictions on cash transactions under Income Tax laws: Here’s all you wanted to know

The income tax laws in India have various restrictions on payment in cash and receipt of money in cash in respect of various transactions. Here we are taking a look at some of them.

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How to save tax on sale of residential property – All you need to know

Many people are not aware that they have to pay tax in respect of profits made on sale of a residential house. In certain circumstances, you can save these taxes.

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Should you buy the new Corona-specific insurance policies?

IRDAI has introduced two Corona-specific insurance policies to cover the high cost of its treatment. However, should you opt for them?

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Income Tax Calculator, Budget 2019, How to Calculate Income Tax


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