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…
Category: Personal Finance
Mutual Fund Vs. Portfolio Management Service (PMS) – Suitable for Whom?
Till very recently, there was a steadily growing interest among small investors about PMS. In fact, the number of queries on lines of ‘Is PMS better than mutual funds?’ saw a constant rise in the last few years. And why…
Can You Retire with Rs 1 Crore Today in India?
Recently, a friend told me that he had ‘finally’ managed to save Rs 1 crore (not including his real estate investments). And he was quite happy about this achievement as the first crore is a big milestone no doubt when…
NPS Calculator Excel-based (Free) Download
If you invest in NPS (National Pension System), then I am sure you would be interested in knowing the following: How much money you can accumulate in NPS by retirement? How much NPS retirement corpus will you have? How much…
PPF Withdrawal & Loan from PPF Account (Rules before 15 years: Updated 2020)
Normally, the Public Provident Fund or PPF account matures at the end of the 15th year. At that point, you can either withdraw the full amount tax-free or extend your PPF account (with or without contribution) further for a block…
How are Debt Funds Taxed & Indexation Benefit: Updated Rules (2020)
As people continue to look for safe higher than fixed deposit returns in India, there is a growing interest in a type of mutual fund: the Debt Funds. I have already written in detail about various types of Debt Funds…
Mutual Funds Vs Real Estate – Which is better for Investing in India? (2019 Follow up post)
Note - This is a guest post by Ajay. He has previously written on this topic here. Since a few years had passed, he was kind enough to share his views again (with a useful real-life example). Ajay has also…
Sukanya Samriddhi Yojana Interest Rate History: Updated 2019-20
The latest Sukanya Samriddhi Yojana Interest Rate is 8.4%. This is for the Financial Year 2019-2020 (for January to March quarter 2020). So if you were looking for SSY Interest Rate 2020 or SSA interest Rate 2020, then now you…
Sukanya Samriddhi Yojana Calculator (Updated 2020)
Are you a parent who wants to invest in Sukanya Samriddhi Yojana in 2020 to save money for your daughter’s (girl child) education and marriage needs? Then you will find this Free Excel based Sukanya Samriddhi Yojana Calculator useful. Those…
Difference between NPS Tier 1 and NPS Tier 2 Accounts
NPS is a retirement savings product which is slowly gaining popularity in India. And when you want to invest in it, then NPS comes with 2 types of accounts - Tier I and Tier II. The NPS Tier I account…
Rs 90+ Lakh Anyone? A simple example of Wealth Creation from Indian Equities
Yesterday, I was talking to a young relative of mine about how Sensex had touched 39,000 for the first time and how it had created immense wealth for investors in past years. But despite being young, this guy was somehow…
NPS Vs. ELSS: Which is better?
Should you invest in NPS or ELSS? A question that is asked by many who are looking to save taxes and invest for returns as well. The NPS vs ELSS and which is better depends on what is the investor's…
SIP Vs Lump sum – Which is better in Mutual Funds Investing?
I don’t like such questions. Is it better to invest lump sum or monthly SIP in mutual funds? A lot of people ask me such questions - whether SIP (Systematic Investment Plan) is better than lump sum investing in mutual…
PPF vs ELSS – Which is better for Tax Saving investments?
Should I invest in PPF or ELSS to save taxes? This is a common question that I am asked quite often, more so during the tax saving season. Choosing between the ever so popular Public Provident Fund (PPF) and Equity-linked…
Is your Income Tax really Zero (Nil) for Rs 5 lakh income?
Budget 2019 initially proposed something that excited millions of Indians - No income tax on Rs 5 lakh income. It seemed that the zero percent (0%) income tax slab was indeed increased to Rs 5 lakh in India. But when actual…