PersonalFinancePlan is an online personal finance advisory firm. We are a fee-only advisory firm in accordance with SEBI Investment Advisers Regulations, 2013

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

How change in base year for indexation from 1981 to 2001 affects you?

The Finance Minister, in his budget speech, made three significant announcements in terms of taxation of long term capital gains. Change in holding period (for capital gains to qualify as long term capital gains) for real estate from 3 years

Your CIBIL score can affect your Home Loan interest rate

You are aware that your credit score plays an important role in deciding whether you get a loan or not.  As I understand, every bank checks your CIBIL score (or credit score) as part of its loan sanction process. As

Key Highlights of Union Budget 2017

The Union Budget was presented today by the Finance Minister. Here is list of key budget announcements. 1. Reduction in tax rate in tax slab of Rs 2.5 lacs to Rs 5 lacs from 10% to 5% This will bring

How Goal Based Investing can help you?

For many of us, the purpose of investing is to earn better returns. Nothing wrong with earning higher returns. There is another approach that requires you to set goals/targets and make investments so that you can reach those goals in

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