Savings and investments are a must for everyone. As inflation leads to price rise of essential commodities, your balance should also be in line with the increased expenses to maintain headroom for making financial provisions. Therefore, savings are not enough and investments have become necessary. With investing you have the option to either be an [...]
Indian Income Tax Act allows for tax deductions and exemptions on interest and principal repayment of certain loans. These tax benefits are a definite motivator to individuals as it helps reduce the outflow of funds which may rather be associated to one’s financial goals. The following are some of the provisions that offer a [...]
Tax saving investments under section 80C plays an important role in your financial well being. Both individuals and HUFs are eligible to claim deductions under section 80C of an aggregate capped 1.50 lakhs per year. Tax saving investments under section 80C has enough water capacity to behave like carbohydrates to ensure hydration and add [...]
At the end of every calendar year, most of us have a similar new year’s resolution – prioritizing our health. While some choose to diet, follow health tips from celebrity nutritionists, I was simply lured in by the heavy discount offered by a gym in my vicinity. Although I was very excited to start [...]
While we know a lot about lending, P2P lending is fairly a new concept for us which got a little attention quite recently when RBI notified, that peer-to-peer lenders (P2P) companies will be treated as non-banking financial companies (NBFCs). What is P2P Lending To put simply Peer-to-peer lending is a new method of debt [...]
Preparing for Job Loss We are living in a time where there is palpable insecurity in the job market. In such unpredictable situations, one must not get panic and should strategize their actions in case they have to face the misfortune of job loss. Few key strategies to prepare for job loss are: Build [...]
We know that we have to take some drastic steps to achieve financial independence. Though the technical definition is being independent of a regular monthly salary to fulfil our financial needs, the term “financial independence” may have some underlying connotations that you need to know in order to understand what it means to you [...]
If business owners are the drivers of the economy, then salaried employees are the engine that gives striking horsepower to move the country forward. Yet, often busy with day-to-day pursuits, they neglect their own financial needs and delay tax planning. When it comes to tax saving most people consider only those products that come [...]
Manish & Shikha, a couple from Mumbai plans to join for mountain expedition together this summer vacation. They have undergone a professional mountaineer training, purchased / rented trekking equipments, hired a professional group for expertise en-route, etc. We understand training and equipments are important things before joining for expedition. But the most important thing [...]
