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Deduction under Section 80D – Tax Benefits for 2020-21

By:MoneyChai Tax Last Updated: 5 Mar, 2021

Deduction under Section 80D – Tax Benefits for 2020-21

Beyond Section 80 C, Section 80D, 80 DD, 80 DDB & 80 U are some other options to reduce tax liability. You can decrease your taxable income by investing in various tax saving instruments. Normally, we all maximize our tax savings with Section 80C, which is known to most of us. We all spend some… 

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Filed Under: Tax

LIC Bima Jyoti Review, Returns and Tax – New LIC Plan 860 Details

By:MoneyChai Insurance Last Updated: 2 Mar, 2021

LIC Bima Jyoti Review, Returns and Tax – New LIC Plan 860 Details

LIC has recently launched a new plan called LIC Bima Jyoti (860). It is a non-linked, non-participating and limited premium payment plan. This article will take you into the details and review of the LIC Bima Jyoti Plan. But before that, let us first see what non-participating, non-linked and limited premium payment is all about…. 

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Filed Under: Insurance

Should You Purchase Capital Gain Bonds from NHAI & REC to Save Tax?

By:MoneyChai Tax Published: 27 Feb, 2021

Should You Purchase Capital Gain Bonds from NHAI & REC to Save Tax?

Have you recently sold a property and are in a fix? Are you unsure whether to purchase Capital Gain Bonds from NHAI & REC to save tax? There are 3 choices here from which you can take your pick. Purchase another real estate from long term capital gain amount Purchase Capital Gain Bonds from NHAI… 

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Filed Under: Tax

Chemist Vs Biased Doctor Vs Unbiased Doctor

By:MoneyChai Chai Pe Charcha Last Updated: 27 Feb, 2021

Chemist Vs Biased Doctor Vs Unbiased Doctor

Let me explain the difference between an advisor, fee-based financial planner and fee-only financial planner. I will explain it with an example of Chemist Vs Biased Doctor Vs Unbiased Doctor. Suppose you are experiencing a severe headache; you go to a chemist and ask for a medicine. The chemist questions you regarding basic symptoms and… 

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Filed Under: Chai Pe Charcha

Simple Example of Power of Compounding For Youngsters

By:MoneyChai Investment Last Updated: 22 Sep, 2020

Simple Example of Power of Compounding For Youngsters

This is just a simple example for youngsters to understand how power of compounding works. It’ll explain how power of compounding can help you reach your goals if you start investing at an early stage of your life. First of all, let’s understand what compounding exactly means? What is Compounding? Compounding means – your money… 

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Filed Under: Investment

LIC Jeevan Labh Review – Why Every Blogger Ended Up Calculating Wrong Returns?

By:MoneyChai Insurance Last Updated: 21 Sep, 2020

LIC Jeevan Labh Review – Why Every Blogger Ended Up Calculating Wrong Returns?

If you search “LIC Jeevan Labh review” on Google, a number of different results will pop up. You will find that every blogger has shown returns of 6%, 6.70% and even as high as 7%. But if you check the maturity value of LIC Jeevan Labh policy on LIC’s website, it shows entirely different picture. … 

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Filed Under: Insurance

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About Us

Hi,
I am Ajay Pruthi, an alumnus of NIT Jalandhar and K.J. Somaiya Institute of Management Studies. I have over 10 years of experience in the field of insurance and have worked with top two private insurance players in the country.

I am a Certified Financial Planner and currently working as a Paraplanner with Mr. Melvin Joseph, founder of Finvin Financial Planners.

If you liked my blog and want to discuss further on comprehensive fee only financial planning, feel free to get in touch by visiting Finvin Financial Planners.

 

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