Loan Facility & Withdrawal Rules for Public Provident Fund(PPF): Public Provident Fund(PPF) is a scheme created to build a retirement corpus for an individual. It is always prudent not to break up your corpus in between, as it helps you to secure your future. However, if in case of any exigency or financial crisis, PPF scheme […]
Withdrawal & Loan against Public Provident Fund(PPF) Read More »
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
PPF(Public Provident Fund): A Complete Guide Read More »
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
Income Tax Deductions 2023-24 for tax planning Read More »
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
Form 16 vs Form 16A vs Form 26AS – Know the Difference Read More »
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
Post Office Savings Schemes: A Comprehensive Guide Read More »
ULIP vs Mutual Funds: Which is a better investment? A common question on every investors mind is – ULIP vs Mutual Funds – Which is the right choice for me? Let us The Unit Linked Insurance Plan i.e. ULIP was introduced by the insurance industry in India many years back when the equity market was
ULIP vs Mutual Funds: Which is a better investment? Read More »
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
Power of Compounding – How can it make you rich? Read More »
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
Inflation and the Inflation Adjusted Return Read More »
How can improve your Credit Score? The Credit Score given by tge Credit Information Bureau Limited (CIBIL) is one of the most important factors for determining whether or not your loan will be approved. CIBIL scores are generated depending on your credit history that includes past credit taken and the payment pattern. A high score,
7 Smart Ways to Increase Your Credit Score Read More »
6 Important Steps for Financial Planning of Young Adults: Personal financial planning, despite its importance, is yet to be taught as a subject in high schools or colleges in our country. Hence, most youngsters, when they join their first job or embark on a professional career are fairly clueless about how to manage their money.
6 Steps for Financial Planning of Young Adults Read More »
