Update (2023) - The Budget 2023 has revised the tax slabs and tax rates for the new tax regime. Please check the details here and here. If you are a Indian tax payer, it's natural to ask: Which is better for…
Read More New Vs Old Tax Slabs FY 2023-24: Which is Better + Free Calculator Download
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…
Read More Latest Mutual Fund Taxation Rules (2021 2022): How Mutual Funds are taxed in India?
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…
Read More Income Tax on Life Insurance Premiums & Maturity in India (Updated 2023)
What is the Cost of Inflation Index (CII) from FY 2001-02 to FY 2023-24 in India? The latest Cost Inflation Index (CII) for the Financial Year FY 2024-24 and Accounting Year (AY 2024-25) has been declared and is 348. More…
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…
Read More How are Debt Funds Taxed & Indexation Benefit: Updated Rules (2020)
Most people, till now have been investing in NPS for tax benefits. But if you look at the NPS Tax Benefits (2023) under New tax vs Old tax Regime, then you will realize that NPS is a lot more than…
Read More NPS Tax Benefits & Maturity Taxation (Updated 2023)
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…
Read More NPS vs PPF: Which is Better for Retirement with Tax Saving?
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…
Read More Tax Saving on Health Insurance (Section 80D) – Detailed Guide for FY 2023-24
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…
Read More Insurance requirements change with Age & Tax Benefits on Life Insurance
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…
Read More PPF vs ELSS (2023) – Which is better for Tax Saving investments?
Update - The Budhet 2023 further revised the new income tax regime and increased the tax-free income limit after Section 87A rebate to Rs 7 lakh. You can read more about the difference in new vs old income tax systems…
Read More Is your Income Tax really Zero (Nil) for Rs 5 lakh income?
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?…
Read More Confused with Different Types of Term Plans? Here is How to choose the Right Term Plan
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)…
Read More Answers to 20 Important Questions about Term Life Insurance
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…
Read More Home Loan Tax Benefits – How much do You Really get?
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…
Read More Life after LTCG Tax & You – the Long Term Equity Investor
