NPS Rs 50,000 per year – Retirement Corpus & Pension Calculation

Even though NPS is a product designed exclusively for retirement planning, what attracts most people to NPS is Rs 50,000 extra tax benefit it offers via deduction. As per the current tax rules (2019-20), there is an additional Rs 50,000…

F.I.R.E – Is going Very Fast really Good?

Recently, my wife showed me an interesting tweet (link): Overrated: How fast you are able to reach financial independence. Underrated: How enjoyable is your journey on way to financial independence. I was like wow! This makes sense. She was quick…

Benefits of Fee-Only Advice

When financial advice is easily available free (as many believe it) from family, friends, colleagues and online, then what can be the reason for paying a fee for getting it? Many in India think like this. There is a general…

Cost Inflation Index (CII): FY 2019-20 (AY 2020-21) for LTCG Indexation Calculation (Updated)

The Cost Inflation Index (CII) for the Financial Year (FY 2019-20) and Accounting Year (AY 2020-21) is 289. For the previous FY 2018-19, CII was 280. The CII is used to notify the rate of inflation for indexation purpose in…

State of Indian Stock Markets – August 2019

This is the August 2019 update for the State of Indian Stock Markets. This update includes the historical analysis (since 1999, i.e. about 20+ years) and Heat Maps for the key ratios like P/E, P/BV ratios and Dividend Yield for Nifty50 and Nifty500. A new section on the last 12 month's index movements…

EPF Interest Rate History (Updated 2019-20) & Interest Calculation on EPF Balance

The EPF Interest Rate is 8.65% for the financial year FY 2018-19. This is as per the latest EPF interest rate 2018-19 notification of the government. And the interest rate in the previous year for EPF (Employee Provident Fund) was…