Now check IRDA Claim Settlement ratio 2013-14 before buying Insurance
IRDA released Individual Death claim settlement number in its Annual Report 2013-14 on Jan 08, 2015. Death Claim settlement for Individual refers to the numbers of Life Insurance claims which were filed due to the death of any individual and are settled by the insurance company. As such, it is an important parameter for confidence on your Insurance...
Are You Paying Only Income Tax or Much More
When a person pays for a pizza or for a dress or anything else including the essentials, it never pinches him to the extent as it pinches him while paying taxes to the government. This happens because the tax you pay reduces your purchasing power. That is, higher the rate of tax, the smaller will be the...
How to Save Tax with Other Alternatives of Section 80C
Just with a view to capture an idea on the level of awareness of individuals, I keep asking many people on how to save tax. And the majority of advice that I receive from them are all dedicated to save by way of investments covered under section 80C. Today, when I have found that the number of people...
Pradhan Mantri Suraksha Bima Yojana – features, benefits and reviews
With an Aim to provide financial security to a broader population, PM Narendra Modi launched two schemes on May 09, 2015 namely Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana. While we have discussed about PMJJBY in another article, let us discuss about PMSBY here. Features and benefits of Pradhan Mantri...
Tax Alert ! New ITR Forms Available Here
New ITR Forms AY 2017-18 (FY 2016-17) : Which ITR Form should you file? The introduction of the new ITR form AY 2017 – 2018 was introduced by the central board of direct taxes. The new form comes with certain changes that aims to make the filing of the income tax return easier for the...
PPF is extendable with or without further contribution
Investment in PPF (Public Provident Fund) is considered as a lucrative investment plan. One can use the earnings from this account as pension income as the account being a life time account. But there are certain rules for withdrawing your funds which are unknown to many. In this article, I will unfold the rules which...
Indexation Base Year 2001 for Capital Gain Calculations from FY 2017-18
If you have incurred the Capital Gains in 2017-18, the Indexation base year for the calculations of Capital gains will be 2001-2002 from FY 2017-18 or AY 2018-19 for ascertaining Long and Short Term Capital Gains. Previously, the assets acquired before April 01, 1981 were valued the fair market value of 1981. Post this indexation...
Should you opt for ULIPs – HDFC Life Click 2 Retire plan review
Retirement is a phase that comes in everyone’s life when your expenses are far higher than your income. We normally save during our working years for these days and spend as per our need after retirement. However, it depends on the amount of savings which determines if we can still afford the lifestyle or standard...
New Income Tax Returns ITR forms for FY 2017-18 (AY 2018-19), Last Dates
If you need to file your Income Tax returns this year, the relevant forms are available on the income tax website. In this post, we will discuss the four forms relevant for individuals and mostly used. This year these forms are released well in advance by CBDT thus reflecting the efficiency of Department. Some important...
Classification of Mutual funds
Mutual funds may be classified in various ways. Few of the most popular ways of classification are as follows Open-Ended Funds, Close-Ended Funds and Interval Funds Open-ended funds are open for investors to enter or exit at any time, even after the NFO. When existing investors buy additional units or new investors buy units of the...
