Everyone gets pleased after getting an increment at work. As soon as you get it, it is normal to spend the salary increase as you have worked hard to get it. While it’s important to reduce your stress and do what makes you and your loved ones happy, industry experts say, one should also be … Read More “Got your increment? 6 tips to deal with the raise” »
Tag: PPF
Proper tax planning can not only help you save on taxes, but also increase your income. We all want to know how and where to invest to maximise our return on the investments, but make some obvious mistakes such as keeping tax planning for the last minute. Experts say people make impulsive investment decisions last-minute. … Read More “Tax Planning: Four smart ways to save on taxes” »
As a parent, there are several investment opportunities for your child’s future that you could look at. The investment child plan will be the one where you earmark savings to be used for a child’s financial needs such as education or marriage. It is always better to start saving early for a child’s needs. Instead … Read More “Investment opportunities for child futures: From PPF to equity funds, plan and start saving early” »
Ratings bring cheers to wage earners as they get more money in their hands to spend more and get some relief amid high inflation. But along with getting more money to spend, you also have to pay more tax if all the available tax saving options are not explored. So to avoid paying more tax … Read More “Have you received a pay rise? How to plan your investments to save tax” »
After facing job losses and wage cuts during the pandemic period, it is time for a wage increase. Following a steady normalization of the COVID-19 situation – following the withdrawal of wage cuts and the improvement of the labor market – companies are once again giving due assessments to their employees. While job recovery and … Read More “Do you have an assessment? Here are some investment strategies to increase your money” »
I recently came across a depressing story in the news about an elderly senior citizen who was dumped on the streets by his children as they were no longer interested in taking care of him. Moreover, weeks of starvation had made him extremely feeble and sick. Fortunately, he was noticed and rescued by an NGO … Read More “Do not take retirement planning for granted – Here’s why” »
A new financial year has just begun. It’s a good time to take stock of our investments. Amid an ongoing pandemic, a war between Russia and Ukraine, and rising inflation, Indian investors are exploring avenues to grow their money despite the challenges. So, let’s start this new financial year with positivity and careful financial planning … Read More “How and where to invest in New Financial Year to become rich?” »
With the beginning of the Financial Year 2022-23, the tax clock starts ticking afresh. So, you should also start your tax calculation afresh taking into consideration the changes in tax rules and enhancement prospects in your income. After calculating the estimated annual income, you should consider all the available avenues to save taxes, so that … Read More “As the new financial year begins, it’s time for you to do your tax planning” »
Long-term financial instruments such as Public Provident Fund (PPF), Employees’ Provident Fund (EPF), National Pension System (NPS) and unit-linked insurance policies (Ulips) allow partial withdrawals to meet emergency expenses such as medical treatment costs or even planned expenses such as higher education or purchase of a house. While withdrawals do reduce the long-term capital growth … Read More “Cash Crunch: Need to dip into your investments? Here’s how to manage withdrawals” »
The financial year 2021-22 is coming to a close and there are several income tax and other investment related tasks that you may have to complete before March 31, 2022. The financial year 2021-22 is coming to a close and there are several income tax and other investment related tasks that you may have to … Read More “7 personal finance and income tax related tasks to complete before March 31” »