Hiding Tax – Why it is tough now, honest will be rewarded.
are you hiding tax? then this article is right for you to read and How the honest will be rewarded? I have seen so many people avoiding tax and cheating the income tax department with wrong information. But this will not last for long. Very soon, Your insurance premium, school, and hotel bill are coming under the Income-tax Department Scanner. In addition, some other high-value transactions also will be coming under the I.T scanner. This is really a good move and will benefit the nation and honest taxpayers. and the tax avoiders will be punished. The list of high-value transactions …
EPF Maturity – How to accumulate 1 crore wealth?
EPF maturity and How to accumulate 1 crore wealth with it, I will explain in this article. Here, Let’s assume a case study to calculate the retirement corpus in EPF. X Basic Plus D.A is Rs.30,000 The salary growth rate is 6% every year The return expected is 6.1%. X present age is 30 years The retirement age is 60 years. What is the Basic information about EPF contribution… But Employee will contribute 12% of Basic Plus D.A towards EPF. In addition, The employer also will contribute 12% of Basic plus D.A towards EPF. However, the employer can contribute …
Farmers – How they have to do “Financial Planning”?
Farmers also will be having “Financial Goals” like child higher education, house child marriage, etc. So, they have to follow “Financial Planning”. But no farmer knows what is “Financial Planning”. Here, in this article, I will explain how the farmers can plan their financial goals. Farmers must have Insurance Planning… Life Insurance Planning… People living in the village usually take Endowment or Money Back kind of Life Insurance Policies. Where the insurance coverage will be low and return on investment is also low when compared to the inflation. Most of these people do not know insurance and savings should be …
Return of Premium in Term Insurance – is it beneficial to you?
Most of you know to protect your dependents in your absence, you need to take term insurance. But recently Exide Life Insurance started a return of premium term insurance. You know that a Normal Term Life Insurance Policy will not give you back any premiums at the time of maturity. But this exide term policy is offering to repay full premiums paid. Their offer may look amazing to some of you. Let’s try to understand in this article, taking this insurance policy which gives premiums back at the time of maturity. Read this article why you should not take …
Donation Seat – Why it is not good for higher education?
Donation seat is one of the options for the parents when their children didn’t get a good enough rank in entrance exams for higher education like Medical, Engineering, M.B.A, and I.I.T, etc… In addition, Parents think that in buying donation seats that they can secure their children’s futures. But in many cases, it is not true. I know a lady who had completed dentistry, and She got the set with a donation of Rs.50,00,000. In addition, She is working now for a salary of Rs.15,000 per month in a Dental Hospital. Do You think that her father made a good …
Term Insurance Plans ( 2020) of Lic Of India Features and Benefits
When we are thinking about taking a Term Insurance, we will first look at Lic Of India. Lic has new plans, 1) Tech Term Insurance ( online only) 2 Jeevan Amar Term Insurance ( Both online and offline). In this article, I will explain about term life insurance plans available in LIC. 1) Lic Of India -Tech Term Insurance Plan Features and Benefits… This plan Number is 854. In addition, this is a non-linked without profit pure protection online term insurance policy. Moreover, this policy will be issued with an online application process only. And there will be no Agent …
Senior Citizen Savings Scheme ( SCSS) – Features and Benefits
Senior Citizen Savings Scheme is a famous savings scheme for Old Age People whose age is more than 60 years of age. Here, In this article I will explain all the features and benefits of this scheme. Who Can Apply for this Senior Citizen Savings Scheme?… An Individual whose age is more than 60 years of age can open this account. In addition, a person who got superannuation or retired under VRS after age 5 and before 60 years of age can enter in this scheme. However, he/she should invest within one month of retirement, and the total investment …
Mutual funds vs Stocks – Which is best for you to invest?
Mutual funds vs Stocks which one to choose to invest for your financial goals? This question you should ask yourself if you are about to start your investments in both mutual funds and stocks or in one of them. I have seen some investors investing in direct stocks thinking that they can gain more return than mutual funds. In addition, they think that mutual funds finally invest the money in the stocks only. Why I can not do my self? Mutual funds vs Stocks -Which is better for you?… 1) Knowledge required in mutual funds and stocks… Stock Investment …
Return – If it is Zero or Low or (Negative) What will happen (CAGR)?
are you looking to invest in real estate, mutual funds, or in the stock market for getting a return on investment (CAGR)? I have seen many investors investing 100% of their savings into a single asset class like real estate or equity mutual funds. In addition, they believe that they will get a very good profit. Here, I am not saying that you will not get a profit. We can measure the profit by calculating the CAGR in our investment. But do remember there is no real CAGR in the real estate and in the stock market. In addition, to …
Savings Bonds (7.75%) – How to buy (invest) these Government of India Bonds?
Savings Bonds (7.75% interest) of the Government Of India is available. All you need to know that before buying these bonds, I will explain in this article. Features and Benefits of these Savings Bonds are… These Bonds are not available from 28-05-2020. However, RBI may come up with new bonds with a lesser interest rates with same conditions. Eligibility for Investment… Both Individual and Huf can apply for these bonds. However, Non-Resident Indians not allowed to buy these bonds. These bonds can be held by a) An Individual, not being a Non-Resident Indian In her or his Individual Capacity or …
