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Financial insecurity can be a big reason for stress while working towards financial security is always in the future. The thought process is contradictory, but that is the truth. To inch towards securing a better future must be the thing of the present. There is no right age to start building a financially secure life….
The government of India launched the Senior Citizens Savings Scheme in August 2004 for senior citizens. The scheme offers a continuous income stream at better interest rates than traditional savings vehicles like bank fixed or recurring deposits. In other words, a compelling long-term savings option, SCSS is safe and is convenient to operate. In the…
Taxes are a part of life as you pay them each moment, directly or indirectly, knowingly or unknowingly, and in almost every transaction you conduct. Whether you like it or not is immaterial. In other words, there is little you can do about taxes, as paying them is inevitable. However, you can continually strategize to…
Investment is an allocation of money with an expectation of return. We invest in assets to generate income. However, revenue generated from these investments is subject to taxes. Profit from the sale of investment is subject to capital gains tax. Furthermore, share trades are liable to transactions taxes. And so on. In other words, taxes…
Amateur or an expert, every investor wants to know how mutual funds fit their overall investment strategy. Common questions that cross minds are regarding the benefits of mutual fund investment and the importance of mutual funds in the overall investment planning process. To start with, let us first understand what a mutual fund is. And after…
The Government of India had announced the Sovereign Gold Bond Scheme 2020-21 on October 9, 2020. The sixth and final tranche of 2020-21 Series XII opens for subscription on March 1, 2021. Salient points of the Sovereign Gold Bond Scheme Subscription opens on March 1 and closes on March 5 Date of issuance of bonds…
Many Indians working or settled abroad need to know to know about income tax rules for Indians working abroad. Whether they have any income tax obligation in India or not. To ascertain that, first they must determine their residential status for any given tax year in India. The term residential status must not be confused…
Mutual funds are expected to deliver regular returns, generate wealth, and meet the financial objectives of the investors. Fund houses offer dozens of funds as investable options and Equity Linked Savings Scheme (ELSS) is one such category. About ELSS Investment into ELSS funds is deductible from taxable income under section 80C of the Income Tax…
You work hard to ensure the needs of your loved ones are fulfilled and they get to experience the best in life. The family deserves it. Term insurance, the purest form of life cover, is the most conventional form of insurance. Term insurance benefit – financial independence of your family is not compromised in your…