Annuities are simple products. You pay a lump sum amount to the insurance company and the insurance company guarantees you an income stream for life. These plans have a few variants too. You can go … [Read More...] about HDFC Life Pension Guaranteed Plan Vs. LIC Jeevan Shanti
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LIC Jeevan Saral has been in the news lately for all the wrong reasons. The Supreme Court dismissed public interest litigation (PIL) filed by Money Life Foundation requesting the recall of LIC Jeevan … [Read More...] about What went wrong with LIC Jeevan Saral?
The Union Budget 2019 brought good news if you were planning to purchase an electric bike or car on loan. A new section 80EEB was introduced to provide deduction up to Rs 1.5 lacs on the interest paid … [Read More...] about Tax Benefit for Electric Car Loans under Sec 80EEB: What are the real tax savings?
IRDA, the insurance regulator, announced a few changes to product structures of life insurance plans through its latest regulations on Linked and non-linked life insurance products. ULIPs are linked … [Read More...] about New Life Insurance Rules: Lower Sum Assured in ULIPs, Better returns but Higher tax
You have some cash in hand because of the recent annual performance bonus that you received. You have not yet decided how to use that money. You have no credit card or personal loan which needs to be … [Read More...] about Do not Overestimate Tax Benefits on Home Loan Repayment
Tax incentives for NPS have gotten better and better over the last few years. In 2018, NPS almost became an EEE product. Almost. The entire lump sum withdrawal at the time of retirement (60 years) … [Read More...] about NPS: Your Employer offers to contribute, Should you sign up?
Taxes for the rich (high-income earners to be more precise) are going up. Apart from the usual income tax rates, you may have to pay surcharge too if your taxable income is in excess of Rs 50 Lacs. A … [Read More...] about How Marginal Relief helps those who pay Surcharge on Income Tax?
Myth 1: The entire life insurance premium is eligible for tax deduction. Myth 2: The payouts from the life insurance policies are always exempt from income tax. Reality: You may not tax benefit … [Read More...] about Misconceptions about Life Insurance Tax Benefits; Insurance payouts can be taxable too
The Finance Minister presented the final budget for FY2019-2020 on July 5, 2019. Here are the key highlights of the budget. Income Tax slabs unchanged; Surcharge increased for the rich There has … [Read More...] about Final Budget 2019: Taxes for the Rich, Benefits for Buyers of Homes, Electric Vehicles
SEBI, in June 2019, made a few changes to investment guidelines and valuation of securities in debt mutual funds. These changes enhance credit and liquidity profile of the liquid funds. At the same … [Read More...] about Liquid Funds to have exit load and will now be a bit volatile