People often doubt if it is wise to mix insurance and investment. In a single word, the answer is No. You should never mix insurance and investment. Though I can give you a technical explanation with all the financial jargons, I will better keep that aside and will explain to you the concept of mixing…
Debt mutual funds are not as safe when compared to FDs. There are certain types of risk in debt mutual funds like the credit risk, interest rate risk and the liquidity risk. It is more often difficult for a new investor to understand these financial jargons associated with debt mutual funds. So, let me start…
It has been proposed in the Union Budget 2021 to tax the employee`s Provident Fund (PF) contribution. The employee`s PF contribution in excess of 2.50 Lakhs per annum will be taxed. Suppose an employee contributes more than 2.50 Lakhs per annum towards Provident Fund (PF) or Voluntary Provident Funds (VPF). In this case, the interest…
Oh Lazy you.. You work in a corporate structure hoping to progress faster in your career. The entire day, you work on excel and PPTs. You know all about pivot tables, VLOOKUP, filters, advanced filters for the work you do for managing your daily life. But you never even try to learn basic formula of…
Section 80C of Income Tax Act for tax exemption (Old Regime) – What are the limits, components, list of deductions under Section 80C for FY 2020-21? What are the various tax benefits under Section 80C for AY 2021-22? The most popular Tax Saving instruments are the deductions under Section 80C of the Income Tax Act. Section 80C…
ICICI Pru has recently launched a new plan known as Guaranteed Income for Tomorrow. This is basically a non-linked, non-participating and limited/single premium payment plan. Simply put, the plan gives you 2 options to choose from. You can either opt for receiving lump sum amount at maturity or fixed income every year after maturity. Before…