PPF(Public Provident Fund): A Complete Guide Public Provident Fund Scheme i.e. PPF came into inception in 1968, introduced by Ministry of Finance. It was initially launched to provide retirement safety to the self-employed people and the people working in the unorganised sector. However, as the time progressed, PPF has become the favorite choice for many […]
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Income Tax Deductions 2023-24 under various Sections for tax planning: Benjamin Franklin once rightly opined “In this world nothing can said to be certain, except death and taxes”. All of us go through the same dilemma of finding out which is the most appropriate method of reducing our income tax liability. Most of us don’t
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Form 16 Form 16 is issued by the employers to the employees after deducting the TDS from their salary. Every employer must issue Form 16, if TDS has been deducted from the employee’s salary as per the law under the IT Act, 1961. Form 16 is a certificate of proof under section 203 of the
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Saving is an essential part of one’s life. In simple words, saving is the income that you have not spent. Your saving helps you to accumulate corpus, further resulting in a stress-free life regarding your financials.You can save the money in many ways such as; simply putting it in a piggy bank, opening a deposit
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Effect of Compounding on your investments: Click here to be a part of myMoneySage Elite an exclusive community to the elite and discerning who want to maximize their wealth by leveraging the power of unbiased advice Magic of Compounding- The word magic may take you down the realms of fantasy. So wondering what magic has
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Overview on Inflation and Inflation Adjusted Return: What is inflation? A commonly heard and used term of late, inflation is a malice that is plaguing economies across the world. Inflation is marked by spiraling prices resulting in shortfall of money to meet needs. Thus, money in hand would not be able to meet the purchasing
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Features and Benefits of Atal Pension Yojana: The Atal Pension Yojana (APY), named after former Prime Minister Atal Bihari Vajpayee, is a pension scheme for people from the unorganised sector who want to join the National Pension System (NPS) and are not subscribed to any other social security net. Simply put, it’s for those from
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12 Points to Remember Before Buying Health Insurance Choosing the correct health insurance plan is an important decision for all of us. Not only is health a true wealth, it gives a sense of security and peace of mind for both you and your family. It always assures us of the best chance to get
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All you need to know about Non-Convertible Debentures (NCDs): There are two types of debentures, Convertible and Non-Convertible Debentures (NCDs). These are Debt Instruments issued by companies to raise long-term capital. Non-Convertible Debentures are usually listed on the exchanges, and any Investor with a Demat Account can invest in it. Non-Convertible Debentures can be traded
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Features of Sukanya Samriddhi Yojana: Sukanya Samriddhi Yojana (SSY) is a small savings scheme for the girl child, launched by Prime Minister Narendra Modi on 22 January 2015, under the government’s “Beti Bachao, Beti Padhao” programme. It has been specially designed to meet the higher education and marriage expenses of a girl. Since its launch,
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