Read and Feel Surely you loose your way

Digital Gold 0

Digital Gold

At the moment there are two options to buy gold digitally: ‘Digital Gold’, offered on the mobile wallet platform Paytm and ‘GoldRush’ offered by the Stock Holding Corporation of India. Both are offered in association with MMTC – PAMP. 

Sukanya Samriddhi Yojana 0

Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana(SSY) is a small deposit scheme for the girl child launched as a part of the ‘Beti Bachao Beti Padhao’ campaign. One of the reasons why this scheme has become popular is due to its tax benefit. It comes with a maximum tax benefit of Rs 1.5 lakh under section 80C of the Income-tax Act. Further, the interest accrued and maturity amount are exempt from tax.

Government Job vs Private Job 0

Government Jobs vs Private Jobs

Government sector employers are bound by employee protection which makes it imperative for them to show valid cause of conduct violation in order for a termination to be executed. These jobs are often known for their steadiness in the face of variations in the market.

Buying House vs Rented House 0

Buying House vs Rented House

When it comes to living on rent versus living in one’s own home, people who advocate the former often argue that a rental home costs less, as compared to owning a home. Those who favour owning a house, cite the freedom that it offers. While owning a home is typically the dream of every Indian, sky-rocketing property prices in the recent past have led people to opt for renting, rather than buying.

Income Tax 0

Some Less Known Ways To Save Your Income Tax

The most popular tax-saving options available to individuals and HUFs in India are under Section 80C of the Income Tax Act. Section 80C includes various investments and expenses that can be used to claim deductions. The Section 80C limit is ₹1.5 lakh in a financial year, which means that you can use this entire amount to reduce your taxable income.

ppf_epf_vpf 0

EPF vs. PPF vs. VPF

As the name suggests, under the VPF scheme, an employee can voluntarily contribute any percentage of his salary to the PF account. However, a subscriber needs to note that the contribution must be more than 12 percent which is the PF cap. The interest offered would be the same as that of EPF and the amount would be credited to EPF account.

passive income 0

Active vs. Passive Income

Active income is something where you will be investing lot of time. For example consider you are working on a daily 9 to 5 job and get paid at the end of the month. Here you are investing a considerable amount of time and get paid for that, if you stop working you don’t get paid. So you need to keep investing time to get paid. This kind of income is called Active income.

NPS 0

NPS is it worth to consider for retirement plan

At age 60, maximum 60 per cent of the corpus can be withdrawn while annuity is paid on the balance 40 per cent of accumulations. Although, maturity corpus was made partially tax-free by giving tax-exempt status to 40 per cent of the corpus amount, the balance 20 per cent of the corpus that can be withdrawn still remains taxable. One may, however, defer the lump sum withdrawal till age 70, or to avoid paying taxes on this balance, one may club it with 40 per cent annuitisation amount to buy annuity.

retirement planning 0

Retirement Planning

Retirement planning is the process of determining retirement income goals and the actions and decisions necessary to achieve those goals. Retirement planning includes identifying sources of income, estimating expenses, implementing a savings program and managing assets. Future cash flows are estimated to determine if the retirement income goal will be achieved.

2019 India interim Budget 0

2019 Intrim budget key highlights

“A number of measures have been implemented to ensure clean banking. Through a transparent and accountable process, we (have) recognised NPAs,”

“There were high stressed and non-performing assets (NPAs) amounting to Rs 5.4 lakh crore in 2014. Many more were hidden through restructuring or otherwise which were discovered during Asset Quality Reviews and inspections carried out since 2015,”