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!
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)
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…
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…
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…
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.
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.…
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…
Read More How to get Higher Returns than Fixed Deposit? Alternatives to FD in India (2021)
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…
Read More Health Insurance or Life Insurance – Which to buy first?
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…
Read More Which Banks are Safe in India to put your hard-earned money?
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?
Due to the ongoing health crisis, the expat hiring has been pushed on the back burner at least temporarily. This is a common thing happening around the world and not just in any particular country. And even the existing expats…
Recently, I was talking to a friend who is working but plans to quit her job in a few years time to pursue a 2-year full-time MBA. Her idea was to fund her master’s degree using her own savings. I…
Read More Financial Tips for working professionals planning for MBA
The Indian government has announced the waiver of Interest-On-Interest (or Compound) interest during the loan moratorium period of 6 months. We shall discuss this in this post. Do you remember the 6-months loan moratorium announced by the Indian government from…
Read More Waiver of Interest on Interest (loan moratorium 2020)
I recently got quoted in the national daily paper Hindustan Times. It was for their coverage about how people should refocus on having their contingency (emergency) funds in order. During normal times, people gradually start forgetting about such buffers. But…
Read More (Quoted: Hindustan Times) Emergency & Contingency Funds
