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Budget 2017: How cap of Rs 2 lacs for Loss under Income from House Property affects you?

Every Union budget comes with a few positive and negative announcements. In Budget 2017, there were a few positives on personal income tax front.  Tax slab rate was reduced from 10% to 5% for the income tax slab of Rs

8 Tips to Manage Debt Effectively

Tips to manage debt Featured Image

No one wants to take on debt. After all, no loan comes free and you have to pay interest on the loan. Interest cost is the cost that you pay for convenience. Convenience is the comfort of owing an asset

Bank Fixed Deposits Vs Debt Mutual Funds : Part II

20160130_FD vs Debt MF Featured Image

I have already covered the most aspects in my earlier post on Bank Fixed Deposits vs Debt Mutual Funds. In this post, I will discuss a very specific case when you need to withdraw money before 3 years. In such

12 Personal Finance tips for young professionals

Personal Finance Tips for young professionals

Most people don’t start saving from the day they start earning. Even for those who save, money lies idle in savings account. It is only 3-5 years into professional lives that we get serious about investing. In one of my

Health Insurance Plans you should avoid

Health Insurance Policy Family Floater Health Insurance Portability Tips to reduce health insurance premium

Unlike life insurance plans, health insurance plans come in multiple variants. Two plans can differ in coverage on many aspects. One may have room rent sublimit while other may have a co-payment clause. One has a waiting period for pre-existing

Tax Benefits on Education Loan

Cost of higher education has been rising very fast. Sometimes, the jump in fees can be really sharp. When I went for my higher education, the fee was Rs 8.5 lacs for two years. The year before, it was only

Union Budget 2017: Tax Benefit Illustration

The Finance Minister has announced a reduction of tax rate in tax slab of Rs 2.5 lacs to Rs 5 lacs from 10% to 5%. Here is how this move will impact you. Before we move to work out the

How Marginal Relief helps those who pay Surcharge on Income Tax?

The Union Budget may have brought some relief to tax payers through reduction in slab rate from 10% to 5% for income slab of Rs 2.5 lacs-Rs 5 lacs. At the same time, it dropped a bomb on those taxpayers

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