Mutual funds in India are ideal investment options for wealth creation as well as saving for all your financial goals. But if you are an investor in these, you should be very clear about how these mutual funds are taxed…
Category: Tax Saving
Income Tax on Life Insurance Premiums & Maturity in India (Updated 2019-20) – All you need to Know
The real purpose of purchasing life insurance is to avoid tragic stories like this. But many still wrongly feel, that life insurance is a waste of money. But luckily and thanks to our government’s tax-saving policies, they still end up…
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…
NPS Tax Benefits & Maturity Taxation (Updated 2019 2020)
Even though NPS is a pure retirement savings product, many people invest in it for the sole reason of getting an extra Rs 50,000 tax benefit in NPS. There is nothing wrong with taking tax benefits if available. But as…
NPS vs PPF: Which is Better for Retirement with Tax Saving?
Everybody wants to retire, but nobody wants to plan for it properly. Right? Most people’s strategy of retirement planning is ‘Hope’. And you would agree too that hope, isn’t the best of strategies. Not surprisingly, whenever we talk about retirement…
Tax Saving on Health Insurance (Section 80D) – Detailed Guide for FY 2018-19 AY 2019-20
Health insurance is like an umbrella - something that you don’t need every day; but once in a while when it rains, it really saves the day for you. On all other days, you won't miss it. But when it…
Insurance requirements change with Age & Tax Benefits on Life Insurance
You already know why life insurance is important. Atleast for common people like us who still aren’t rich enough to ignore it. After all, being underinsured and dying can be tragic for the dependents. But one of the major problems…
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…
Confused with Different Types of Term Plans? Here is How to choose the Right Term Plan
When it comes to buying life insurance for yourself, the best option is to go for a simple term insurance policy. Period. With that aside, your next question would be - which is the best term insurance plan to buy?…
Answers to 20 Important Questions about Term Life Insurance
Term life insurance is the most basic form of life insurance. And I can safely say that it’s the most effective and the best form of insurance. Why? Because it gives you a very high insurance coverage (sum assured)…
Home Loan Tax Benefits – How much do You Really get?
In India, home loans come with tax benefits. You already know that. And there is no denying that these tax benefits make it all the more attractive to buy property using home loans. But time and again I have seen…
Life after LTCG Tax & You – the Long Term Equity Investor
They brought it back. And you already know what I am referring to. Ending almost one-and-a-half decade long tax holiday, investors now face a non-zero tax environment as far as long term capital gains from equity is concerned. Long Term…
Section 80C and How Salaried Young Indians can Save Tax & Grow Rich?
In India, most investment decisions are taken keeping ‘tax-savings’ in mind. Saving taxes is important.. but it's not enough. I have myself realized this quite late (but luckily, not very late). No doubt you should try to maximize your tax…
Done Your Tax Planning? But what about Financial (Investment) Planning?
For most people, tax planning and investment planning are one and the same things. “I have already utilized the full limit of Section 80C. What else is left to invest for now?” – was the response of a friend, when…