For a country like ours, the prices of petrol and diesel can be a touchy subject. I am no economist but nevertheless, I just felt like addressing this burning topic about rising petrol-diesel prices and how it matters (or doesn’t)…
Category: Personal Finance
Applying for a Credit Card? How to choose Best Credit Card in India (2021)?
When it comes to choosing the right credit card in India, it’s a really tough job. There are hundreds of choices. And as banks see increasing demand for the same, the choices will only increase going forward. The enormousness of…
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Is taxable PF interest (Rs 2.5 lakh) rule applicable to PPF?
The Budget 2021 has proposed that from April 2021, interest on any contribution above Rs 2.5 lakh per year in PF will be taxed. There is some confusion among a few people that will this rule also apply to the…
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ULIP vs Mutual Funds: ULIPs lose tax arbitrage (Budget 2021)
So after the new announcement in Budget 2021, that ULIPs will be taxed liked MFs if annual premium exceeds Rs 2.50 lakh and hence, ULIPs no longer offer the tax arbitrage that was pushed by ULIP sellers till now. Just…
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EPF Interest on contributions above Rs 2.5 lakh per year now taxable!
The Union Budget 2021 has capped the tax exemption for interest earned on Employees Provident Fund (EPF) and Voluntary Provident Fund (VPF). This might not be welcome news for high-earners and more so for those whose (employee) contribution was more…
Read More EPF Interest on contributions above Rs 2.5 lakh per year now taxable!
Latest Income Tax Slabs FY2021-22 AY2022-23 (Budget 2021)
The Budget 2021 left direct taxes unchanged. So the restructuring of the income tax slabs undertaken in last budget (more details here) remains as it is. The Budget 2020 has put in place a new set of (optional) tax slabs…
Read More Latest Income Tax Slabs FY2021-22 AY2022-23 (Budget 2021)
2020: Not just about Simple Annual Returns
If you look at the annual returns of Nifty, then it will tell you that in the year 2020, Nifty50 gave returns of 14.9%. But just looking at the figure of 14.9% doesn’t tell everything about what happened during the…
Asking questions about your money
So you are at a point in your life where are wondering whether what you have done with your money till now has been right or not. That is, have you walked on the right path when it comes to…
Gold FAQs: Gold Bonds and Gold ETFs
Traditionally and since ancient times, we Indians have had an affinity for gold. Or I should put it as the ‘love for gold’. We buy gold all the time. Or at least we try to buy it (just ask the…
(Quoted: Hindustan Times) Why MF should be a household product in India?
I recently got quoted in the national daily paper Hindustan Times. It was for their coverage on why mutual funds should be part of every Indian household's portfolio. You can check the quote and the full article at this link.
You did what you could till now. But…
Few days ago, I was talking to someone who was unhappy with his personal finances. Or let’s say he was… terribly unhappy. He was constantly blaming himself for all past mistakes and his unstable, unpredictable and weak personal financial situation.…
How to get Higher Returns than Fixed Deposit? Alternatives to FD in India (2021)
Are you looking for alternatives to fixed deposits in India? I don’t blame you. The current fixed deposits FD rates in India are not great - even for the banks best for fixed deposits earlier. And as these banks continue…
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Health Insurance or Life Insurance – Which to buy first?
Life vs Health insurance. Both are important for most people. So its actually not about health insurance vs life insurance. Rather it's about life insurance AND health insurance. And sooner or later, one should have both these insurances in one’s…
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Which Banks are Safe in India to put your hard-earned money?
Which Banks are Safe in India? In less than 2 years, this is the 3rd collapse of a bank in India (after PMC Bank and Yes Bank). The RBI has forced Lakshmi Vilas Bank (LVB) to merge with DBS Bank…
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Gold ETF Vs. Sovereign Gold Bonds: Which is better investment to Buy this Diwali?
We Indians and gold are inseparable. We Indians just love to buy gold. And these days, gold can be bought in non-physical modes as well. So people are asking questions like: Should I invest in Gold ETF vs Gold bonds…
Read More Gold ETF Vs. Sovereign Gold Bonds: Which is better investment to Buy this Diwali?