How to help the elderly make better investment decisions
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We were at a store to buy a blanket for my aunt. To say she was overwhelmed is an understatement. Row upon row of materials, colours and prices left her exhausted. My au...Click on Read More
Why saving is better than taking loans to buy assets
Sameer is 35 and is servicing several loans—car, home and personal. His is a young family with a child and a homemaker wife. He is doing well professionally and is...Click on Read More
How to transfer National Savings Certificates?
Many invest in National Savings Certificates or NSCs. The VIII issue of NSC has a maturity period of five years. Interest accrues annually but is payable on maturity. Th...Click on Read More
What is Voluntary Provident Fund?
1. VPF is the voluntary contribution by employees towards the provident fund account over and above the 12% contribution towards EPF.
Four ways you can help poor people around you with financial planning
One little accident left the entire household distraught. The man of the household had his toes crushed by a speeding bike. The wife rushed to the hospital, leaving behi...Click on Read More
Identifying the risk you should take with your investments
The Kapoors are young architects who have been saving for various goals for the past few years. However, they have ended up parking all their money in bank deposits beca...Click on Read More
How NRIs can open NPS account online
NRIs can open a National Pension System (NPS) account. It provides tax breaks of up to Rs 1.5 lakh under Sec 80C and Rs 50,000 under Sec 80CCD(IB).
What is group insurance policy?
1. A group insurance policy offers advantages of standardised coverage at very competitive premium rates as risk is spread over a larger number of people.
5 lessons to learn from your financial mistakes
We mostly struggle with regret. In personal finance, we make several decisions about earning, saving and investing. Assuming 30 years of working and 20 years of retired ...Click on Read More
How to get health insurance for a newborn baby?
On the birth of a child, the parents need to allocate finances for his milestones. While doing so, they must consider buying a health insurance plan as well. This can ta...Click on Read More
5 things to know about Form 16
1. Form 16 is a certificate issued by an employer, certifying that the TDS is deducted from the salary of the employee and deposited with the government.
7 reasons why you should not leave your job to start a business
Every now and then, some of our friends are bitten by the entrepreneurial bug. They tire of the corporate routine, the work hours and travel, and the thanklessness of wo...Click on Read More
How to improve credit score
Priyadarshini is a 35-year-old doctor working in a private hospital. Recently, she applied for a home loan. However, she has been informed that since her credit score is...Click on Read More
How to change instructions for mutual fund SIPs
Investors use systematic investment plans (SIPs) of mutual funds to save for goals. SIPs offer benefits of compounding and rupee cost averaging. Sometimes, SIP instructi...Click on Read More
2 accounting methods to calculate income tax
1. The income Tax Act permits two methods of accounting, mercantile system of accounting and cash system of accounting.
2. Mercantile syste...Click on Read More