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…

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…

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?…

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…