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?
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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
Avoiding bad financial decisions is as important as making good ones, but what influences you to make such good or bad financial decisions? Your decisions are a reflection of your financial habits … [Read More...] about 5 Financial Habits that can ruin your Financial Life
Who does not want to retire early? No bosses to report to. No need to slog or worry about Monday blues. Sounds interesting, doesn’t it? By the way, an early retirement does not mean that you … [Read More...] about Planning to Retire early? A few things to keep in mind
Over the last couple of weeks, I had interesting discussions with a relative and a client. Given their requirements, I had asked them to purchase term insurance plans. However, they couldn't reconcile … [Read More...] about Term Insurance plans with Return of Premium Benefit: Worth it?
Home loan interest rate benchmarks have kept on changing over the last decade. We used to have the Prime Lending Rate (PLR), which was replaced by Base Rate. The base rate, in turn, was replaced by … [Read More...] about PLR, Base Rate, MCLR and now RLLR (Repo rate linked lending rate)
In one of our previous posts, we had reviewed a traditional plan from HDFC Life Sanchay Plus. In this post, let’s look at another popular traditional plan, HDFC Life Super Income Plan. … [Read More...] about Review: HDFC Life Super Income Plan: Makes sense?