Here are 15 important terms you should be knowing before you purchase a Life Insurance: Mr Rahul Verma, 35 years old IT professional, is a happily married man and the only earning member of a family of 5 members. He lives in Bangalore with his wife, aged parents and a five-year-old son. Being the only […]
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Important factors to be considered before you select a Term Insurance Policy: Benjamin Franklin once rightly said that “In this world, nothing can be said to be certain, except death & taxes”. So, you need to understand that your demise may leave your family in a financial jeopardy. Being the breadwinner, you are responsible for
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Tax Deduction at Source (TDS) rates for the Fiscal Year 2023-24 & Assessment Year 2024-25: Tax Deduction at Source i.e. TDS came into existence with an objective to collect income tax at the point of origin of income by the Government of India (GOI). As per the norm, a person (deductor or payer) who is
Tax Deduction at Source: TDS rates for the FY 2023-24, AY 2024-25 Read More »
Significance of Seventh Pay Commission for your financial planning: The Seventh Pay Commission, implemented by the government with effect from 1 January 2016, will have multifaceted repercussions on the country’s economic front. On one hand, the Seventh Pay Commission will enhance the annual fiscal expenditure of the government by an amount of Rs. 1.02 lakh crore,
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Here is a list of 10 leading Monthly Income Investment choice in India: It’s always a great feeling when you are financially Free and don’t have to worry about your monthly expenses. When investing for monthly income, all of us would love to have our principal intact and at the same time get high and
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All you need to know about Income Declaration Scheme 2016: If you have undisclosed income then here is a golden opportunity to come out clean. The Income Declaration Scheme (IDS) 2016, which came into effect on 1st June 2016, helps you to legalise your unaccounted money by paying tax, surcharge & penalty, all totalling up to
Income Declaration Scheme 2016: Revised deadline to pay taxes on your black money Read More »
A guide to FATCA & CRS Compliance: 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 In the recent times, while interacting with your banks, mutual fund houses or any other financial institutions, they might
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All about Capital Gains on House Property: Capital gains are the gains/ profit earned on transfer or sale of assets. In the article below, I will take you through the capital gains on housing property, how is the short-term and long-term capital gain calculated, applicable tax rates on the sale of property and how you
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Here is why a Health Insurance Policy is essential for you: A report released by the World Health Organization on non-communicable diseases (NCD) (commonly known as lifestyle diseases) paints a depressing picture of India. 26 percent of Indians aged between 30 and 70 could die from one of the four major non-communicable diseases – diabetes,
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A guide to Initial Public Offering (IPO): India’s primary market has started on a high note this year, as a dozen companies have already raised more than Rs. 8000 crores through IPO till June 2016 and few more are expected to raise another Rs. 6000 crores in the next few months. If you are a retail investor who
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