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In the last quarter of financial year, every one rushes to save tax and this is the time when the highest NAV guarantee plans are offered in the market to take care of your investments and tax savings. Have you ever thought that why do companies pick this slot of year. There is a human...

In last one year, Government has taken various initiatives on the front of personal finance. Naming few such initiatives like Universal Account Number (UAN), Sukanaya Samriddhi Scheme, Mudra Bank, Pradhan Mantri Jeevan Jyoti Bima, Pradhan Mantri Suraksha Bima, Atal Pension Yojna, Gold Monetisation Scheme, Tax rebate on contribution to National Pension Scheme and on… and now their is a focus on simplifying the tax...

I have actually seen people making faces while paying taxes. I still remember a businessman who approached me many years ago and said “I don’t want to pay tax, please draft my financial statements accordingly.” He also wanted all the bills to be arranged to support his windrow dressed financial statements. There is also a large...

After a big success of UAN, Pradhan Mantri Jan Dhan Yojna, Sukanya Samriddhi Scheme, Mudra scheme, PM Narendra Modi is now heading towards newer milestones by launching schemes for financial security of the people. As on May 09, 2015, they launched a Life Insurance scheme and Accidental insurance scheme. The Life Insurance Scheme namely, Pradhan Mantri Jeevan Jyoti Bima Yojana...

There are many people in India, who have to go through a tedious procedure of depositing their income tax on their own. It is for those people who consider it a big task that they really need to understand the system of e-payment of income tax. See Income Tax slabs for AY 2015-16 See Income Tax slabs for...

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...

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...

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...

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...

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...