Personal Finance Print
General Insurance: You have to submit PUC certificate to renew car insurance
As per the recent Supreme Court order and subsequent circular from Irdai, car owners have to submit PUC certificate while renewing car insurance.
Investment planning: Know how to set ‘SMART’ financial goals
SMART where S=Specific, M=Measurable, A=Achievable, R=Relevant and T=Timely, is the simple logic that helps in setting your financial goal.
Tax planning: Four tips for selecting tax-savings investments
For tax-savings related investments, look at the tenure, returns offered and the taxability of the returns.
Income up to Rs 1500 per minor child is exempt from income tax
The income earned in the name of minor is taxable in the hands of the parents whose income is greater, before adding such income of minor.
Improper asset allocation is biggest impediment in wealth creation
If you have invested money recently, it is not the time to pull out or exit. Try to understand, why are you investing and what is the expectation you have from the investment. And then re-jig, if requ
Investing for the long term? Here are five tips to follow
For long-term wealth creation, patience is the biggest virtue. Short-term market movements shouldn’t be the driving force behind your investment decisions or related actions.
Continue to invest in equities via SIP, investors can expect decent return from equities over a long period
During the month of July, S&P BSE Sensex rose 6.36% on total return basis and the index touched new all-time high in the month.
Retirement planning: Know the risks that can crack your nest egg
It is important to let your regular income continue after retirement, but it is also equally important to not let that income erode due to inflation, interest rates or unexpected healthcare costs
ITR filing: Did you get a defective income tax return notice? Here’s what you need to do
Revise the defective ITR within 15 days of notice addressing the defects
Explained: How technology can help make buying insurance easier
From purchasing a policy to raising a claim to assessing risks more accurately, technologies such as Artificial Intelligence, Internet of Things and wearables can make it easier for both customers and
Home Finance: Need to change your lender? Opt for home loan balance transfer
Home loan repayment is categorised into repayment of principal amount and the interest on the home loan.
SIP investments in ELSS more volatile than NPS in long term
National Pension Scheme (NPS) as a retirement planning tool has been gaining traction since it was thrown open to all classes of investors in July 2009.
Income Tax: You have to pay 20% tax on capital gains made from property sale
Whenever a property is sold in India, the seller makes a capital gain.
Bond market rates to remain neutral over the medium term
The Monetary Policy Committee (MPC) of Reserve Bank of India (RBI) raised repo rate by 25 basis points (bps) for the second time in two meetings. Given rising inflation and various upside risks to fut
Five steps to build a solid child education plan
Check out the five steps to building a solid child education plan.
Know how your pension can be taxed
Taxability of commuted pension depends on the status of the employee and whether she has received gratuity.
Two months, two rate hikes: FDs, small savings to become attractive post RBI rate hike
Given the hike in repo rate, if you are looking at locking money in bank deposits for a longer tenure, it makes sense to do it now.
Private banks rely more on financial sector for funds
The CASA share shift continues towards private banks with a gain of 220 bps y-o-y led by current accounts.
Understand the power of compounding – Why starting early is the key to building wealth
Early investors always gain from the power of compounding. Investing in a systematic investment plan in equity mutual fund, PPF or NPS at an early stage can help the investor to accumulate a large cor
Mutual Funds: Here is why you must not stop SIP when markets are down
By stopping SIP when markets are down, you lose opportunity for rupee cost averaging.
Explained – How to save tax on mutual fund investments
One of the best ways to invest your money is investing in mutual funds (MF). Here’s how MF returns are taxed and possible ways to save tax on such returns.
Borrowings: How to get a loan against property
Public and private sector banks and even housing finance companies offer loans against property, usually providing around 60% of the value of the property as loan.
Investment in NPS less volatile than mutual funds – Here is why
NPS accumulates savings into a subscriber’s personal retirement accounts (PRA) while he is working. On retirement, 60% of the accumulated corpus is paid out as lump sum to the subscriber.
Income Tax: NRIs to fill up FSI & TR in ITR2 if claiming tax credit on foreign income
Know how NRIs will fill up FSI & TR in ITR2 if claiming tax credit on foreign income..
How banks decide whom to give a credit card
Those who fail to get a credit card due to eligibility issues can opt for secured credit cards, with fixed deposit in the bank offered as collateral.
Income Tax paid abroad? Know how to claim its credit
Foreign tax credit is available to Indian residents in respect of tax paid on foreign income which is included in their taxable income in India.
Income Tax return: Know who can opt for presumptive taxation scheme
Besides presumptive business income, ITR4 or Sugam allows declaration of income from salary/ pension, income from one house property and income from other sources.
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