Investment Adviser- Do you think that he gives only Investment Advice?
Investment Adviser means he gives only Investment Advice. This is the perception among most people. But the truth is He gives advice beyond investments. What Most People think about Investment Adviser… When some body asks me about my occupation. I will tell them that I am a SEBI Registered Investment Adviser. But Most People immediately will ask me this question frequently i.e are you Insurance Agent or Mutual Fund Agent etc. Some People thinks that they have to meet Investment Advisers when they have money in the hand to invest. But the thinking of above category of people is completely …
BUDGET 2019 8 CHANGES- You should know these highlights…
8 changes in Budget 2019 are very important to us to know. The Highlights are explained below. 1. The Main Change out of 8 changes is in Income tax slab rates… Your tax liability is zero if your taxable income is 5 lakh. However income tax slab not changed in 2019 Budget. Latest Income TAx Slab Rates for F.Y 2019-2020 (A.Y – 2020-2021) (www.paisahealth.in) Income Slabin (Rs.) INDIVIDUAL BELOW 60 years age Senior Citizen age 60 yr and below 80 yrs. Super Senior Citizens age above 80 yrs and above Up to 2,50,000 0 0 0 2,50,001to3,00,000 5% 0 …
National Pension System (NPS)- What is it? How to join in it?
National Pension System (NPS) has been launched by the Government of India to provide corpus at the time of retirement. Read the article about new NPS tax rules beneficial to you?. Click here to read. As I respect the Indian Army, I would like to give a piece of valuable information to them. On February, 2019, 40 Indian Soldiers were killed by Millitants. Their souls should rest piece. Some of you know that I am Certified Financial Planner and Sebi Registered Investment Adviser. Sanjeev Govilla( Ex. Army is also a Sebi Registered Investment Adviser like me. Soldiers may feel comfortable …
SBI HOME LOAN – How to pay LESS interest with the max gain loan?
We know about SBI Home Loan. But SBI has another loan type called Sbi max gain home loan. You will pay LESS interest amount when compared to another type of home loans. Read this article Home repay early or not(click here) What is Sbi max gain Home Loan?… State Bank of India is offering a Financial Product called SBI MAX GAIN HOME LOAN. This scheme is an attached extra feature of SBI Home Loan. SBI Maxgain is a home loan saver scheme whereby a person can park their surplus money in a loan account to get interest amount benefit. An …
One Crore – Term Life Insurance – Why You should not take?
One crore term life insurance—is it the right coverage? Many people have questions in their minds. Why people always ask about 1 crore life term insurance. There seems to be some mental blocking. Here, in this article, I will explain the reason behind this. Unable to calculate the term insurance required… People really do not know the life insurance coverage that they need to take. I will explain in a simple way. There are two methods that planners like me will follow to advise life insurance requirements to our clients. They are… Human Life value Method Need-based Analysis. For example, …
Income Tax Slab zero tax percetage- is raised in Budget 2019 to 5 lakh or not?
On 01-01-2019, Government of India announced few amendments on Taxable income of Individuals in interim budget 2019. There are some people spreading the news just before the budget speech is completed in parliament that zero tax percentage in income tax slab for the individuals has been raised to 5 lakh rupees. Understanding budget is easy now a days. New tax rules, we can understand win in few hours of budget speech completed. Let’s understand Section 87 A new tax rebate. Click here to understand it. What is the new income zero percentage slab now? from 1st April, 2019… It is …
Revised Tax Rebate under Section 87 A ( Financial year 2019-2020) Explained.
The interim budget has proposed a change in Section 87 A for the financial year 2019-2020. There is a slight change in the tax rebate. What are the current Provisions in Section 87 A of Income TAx Act?… According current rules, if you are resident individual and your total income after all eligible deductions is equal to or less than 3.5 lack then a tax rebate of Rs.2,500 applies to the total tax payable before 4% educational cess. If you tax payable is less than Rs.2,500 then the entire amount is discounted. Revised Tax Rebate under Section 87 A(F.Y 2019-2020)… …
Financial Planning_ Why it will fail if you listen to Society?
Yes, It is true your financial Planning will fail if you listen to society. Recently I got a call from an I.T employee who already took financial planning from an other Sebi Registered Investment Adviser. Why he contacted me for me? He called me for a 2nd opinion over his “House Planning“. Moreover, He thinks that his Investment Adviser allowing him to buy a house. His adviser advised him not to buy a house till his retirement. But people around this I.T employee and his family members are asking him frequently that when he will buy a house. Why this …
My experience in Multi-Level Marketing(MLM) and Network Marketing…
I did Multi-Level marketing(MLM) and Network Martketing three times. But all three times, I am a loser. I did this business for the sake of earning huge income in short span time just like others. I have seen people chase this business when I was a child and when I am adult too. Recently, One of neighbor bought a water filter which costed Rs.3,00,000. They invited me and my wife to taste the water. As there is a obligation we went to their home. But in the conversation, I have realized that they bought this water purifier because it is …
Is Private health cover(Insurance) worth in India?
Health insurance is worth it in India or not? is the question I usually hear from my existing clients or prospective clients. Today, a serious discussion happened with one of my clients. He is a well-educated person, well settled, and earning a good salary. A few years back, I gave him “Financial Planning. As a part of financial planning, I had given him health insurance planning. He has health insurance for his family and for his parents as well. Three years completed. Now comes the fourth and the policy is due for renewal. Further more, he is not willing …
