Employee-Govt or Pvt- Looking for investment?|| Do Like this.
Employee Govt or Pvt who are planning for investment for their future financial goals, this article will help to some extent. If I ask any salaried about the return they got from their investments? Then they simply say that they do not know. Instead, they will tell me that They have accumulated 30 lakh wealth or 1 crore wealth with their investments in their entire career. But this is not the right approach to do your investments. First, Primary objective in investments must be to beat inflation. Here, In this article, I am trying to calculate return on investment of …
Bankrupt-What if Your Insurance Company gets bankrupted?
Bankrupt is the main worry for many of us when we are going to take any kind of insurance company policy. We believe that Lic of India will never get bankrupt In addition we believe that Private Life Insurance companies are not safe. As a result of this we take life insurance policies from Lic Of India Only. Let’s discuss what is the truth?… Here, The huge crowd of Lic agents always spreading the message that Lic of India can never go bankrupt(get closed). In addition, these LIC agent say that Lic of India is backed up by Government India. …
Debt Funds Types in India – After Sebi Categorization.
Debt Funds Types in India and their categorization and rationalization has been done by SEBI. Most People think that Mutual funds will invest in the stock market only. But mutual funds also have another type of funds called debt funds which invest in bonds, money market, etc. Let us discuss in detail these debt funds… If you would like to invest in the stock market, then you require some scans to shortlist the list of stocks. Click this link to scan the stocks. The Debt funds are categorized and rationalization of mutual funds done by SEBI are mainly divided into …
Doctors Financial Planning-How they have to do?
Doctors also need Financial Planning in order to achieve their Financial Goals and Dreams. But Doctors do not know they should Financial Planning. Ten years back I used to think that Doctors are the highest income earners and career is so stable. This is still true to some extent. But it is not same in case of all Doctors. Yes, In their definitely will opportunity to earn money always as it has huge demand for Doctors. Some of you know that I am running a Telugu You tube channel in the name of Paisa Health. I am getting some leads …
NPS Tax Benefits 2019- Under Sections 80 CCD(1), 80 CCD(2) and 80 CCD(1B).
NPS tax benefits changed in Budget 2019. Do you know about the changes done to 80 CCD(1), 80 CCD(2) and 80 CCD(1B) sections? I already wrote a post about EEE exemption of NPS maturity at retirement. Click here to read. But I felt a separate article needed to explain NPS Tax benefits under Budget 2019. Read article about what is NPS? How to join in it?. Click here to read. Earlier NPS has EET tax status. That means when you invest tax exempted, on the return of NPS also tax exemption, But when you withdraw 60% NPS at the time …
ULIP- Why they are bad to invest even they are tax free?
ULIP is not good to invest even the maturity is tax-free. People now think Unit Linked Insurance plan is better as equity mutual funds have capital gain tax. But these people are wrong. In Budget 2018, the Government of India re-introduced capital gain tax on equity mutual funds. Now, you have to pay tax if your withdrawn profit from equity mutual funds is more than 1 lakh, then you have to pay 10% as capital gain tax on the over and above 1 lakh profit. But, at the same tax benefit on Unit Linked Insurance Plan Maturity is kept tax free …
Difference between Tier 1 and Tier 2 account of the new pension scheme(NPS).
Tier 1 and Tier 2 both options exist in National Pension System (NPS), But many Government Employees do not know about Tier 2 account. They know only about default account which Tier 1 account. Government of India launched NPS to provid retirement corpus to Indian Citizens. This scheme is regulated by PFRDA( Pension fund Regulatory Development Authority of India). All citizens of India including Non -Resident Indians are eligible to invest in this scheme. However, existing NPS subscribers and people who do not have sound mind are not allowed to enter into this scheme. Hence, One person can have one …
All you should know about Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana
Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyothi Bima Yojana details explained in this article. Prime Minister Narendra Modi launched these two schemes. Read about Atal Pension Yojana also. Our Prime Minister of India launched two schemes on 9th May 2015. These two schemes are not helpful to rich people. However, these two schemes will definitely helpful to others. One of these two schemes is a Life Insurance policy called as Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). Another one is, Accidental Insurance policy called as Pradhan Mantri Suraksha Bima Yojana (PMSBY). Let’s the features of both these schemes. Pradhan Mantri …
Atal Pension Yojana – APY Scheme Eligibility & Benefits Explained
Atal Pension Yojana – APY Scheme Eligibility & Benefits Explained in this article. This scheme is launched on 9th May 2015. This scheme launched along with Pradhan Mantri Jeevan Jyothi Bhima Yojana (PMJJBY) and Pradhan Mantri Bhima Surakha Bhima Yojana (PMSBY). Latest Updates ( as on 20th August 2015)-Government modified some rules of APY. They are as given below Now instead of only monthly payment option, the subscribers can invest like monthly, quarterly, half-yearly or yearly modes. The account will not be deactivated and closed till the account balance with self-contributions minus the government co-contributions become zero due to deduction …
Pradhan Mantri Shram Yogi Maan-Dhan Features and Eligibility Explained.
Pradhan Mantri Shram Yogi-Maan Dhan will be launched on 15th February, 2019. Lets know the features The subscribers of this pension scheme will get an assured pension of Rs.3,000 from age 60. Would you like to invest in shares (Stocks) with the help of RSI Technical Indicator easily, then click this link to know more. Eligibility for Pradhan Mantri Shram Yogi Maan-Dhan pension Scheme… The following category people are eligible for pension scheme… Monthly income should be less than or equal to Rs.15,000. Age must be between 18 years to 40 years. They should not be covered under the Employee …
