Learn to Calculate Capital Gains and Understand the relevance of Indexation
So, you are ready to dispose off your assets. Do you know that the gain you will earn on selling your assets can attract income tax under the head ‘capital gains’? Are you aware that if you sustain a loss on selling your asset, then in some cases you can adjust it in next few...
What to Look in a Policy While Purchasing Health Insurance
Health insurance is a medium through which one can positively get healthcare at affordable pricing. The policies we have in India are known to cover hospitalization expenses for accidents and sickness. Before we can really learn some of the important aspects that need to be looked at seriously while choosing a health insurance plan, it...
How to Check Your Income Tax Refund Status Online and Use RTI
We file income tax return and if there is a refund claim then it makes us joyous with a hope that we will soon get this money back in our account. But when this wait becomes longer, it becomes frustrating enough. Though, people should get their refund back within few months but sometimes it takes longer than...
Term Insurance of More Than 50 Lakhs – A Beneficial Proposition
Are you thinking of taking a term insurance policy? Are you taking a policy of less than 50 lakhs of sum assured? Are you planning to take more than one term insurance policy? If an answer to all or any of the questions is affirmative then please wait, read this article and then think again....
Tax Exemptions on Capital Gains arising from Sale of Property
In the current scenario, real estate has turn out to be an increasingly admired investment option. Through a steady boost in property prices attached with lackluster presentation of other investments like debt, gold, and equity, people are turning on real estate acting as the savior. Having a dream of possessing a home being comprehended early...
Design Your Own Customized Child Plan
There are many good child plans available in the market. Many of these plans will lure you by saying “invest Rs. 5,000 per month for next 20 years and get 1.5 crores or 2 crores after 20 years. Start planning for your child now.” These plans are not wrong by their logic and calculations. But...
Endowment Policy – Is It Worth to Include it in Your Portfolio
Endowment policy is basically a life insurance contract between the insurer and the insured whereby the policyholder pays premium and in return covers his risks. Premium for endowment policy is higher in comparison to traditional whole life policies and term insurance plans. An assured sum is paid either on a fixed date to the insured...
Income Tax on Gifts Received? Rules and Exemptions!!!
When we talk about Income tax on the Gifts received, few questions that comes to our mind are about the rules which can make us exempt from such tax liability. ave you ever thought about the taxes you have to pay, when someone deposits some money in your bank account? How many of us think about the taxes we have...
Beware of Agents Tactics for Selling Financial Products
An unaware person is more susceptible to be lured by financial advisors/ agents false statements. The extremely sugar coated and promising statements of financial advisors are sufficient enough to induce a person to invest in inappropriate products. These products can be a life insurance policy, mutual funds, ULIPS or may be something else. Through this...
Income Tax Rates for AY 2016-17 (FY 2015-16)
Applicable rates of Income Tax Rates for Individuals, Hindu Undivided Family (HUF), Body of Individuals (BOI) and Association of Persons (AOP) in India is as under: Assessment Year 2016-17, Relevant to Financial Year 2015-16 For Individuals below 60 years age (including Woman Assessees): Income Tax Rate Upto 250,000 Nil 250,001 to 500,000 10% of the...
