Oh taxes, why do you keep getting higher? This could well be a song that most of us are singing in the shower albeit a little regretfully as another year goes by and we realize that we’ve failed to take advantage of investments and other strategies en route towards ensuring a lower taxable income. Forget […]
Personal Financial Planning
When are partial EPF withdrawals possible?
The Employees’ Provident Fund Organisation (EPFO) has definitely allowed partial withdrawals in particular circumstances. However, most of us remain clueless about the same and end up shying away from making withdrawals when the accumulated funds would have proved a handy source for meeting necessary expenses. Are you one of those who have refrained from withdrawing […]
How to enable zero taxes on income up to Rs. 6.5 lakh after Union Budget 2019-20
The Union Budget 2019-20 has come out with several measures that will benefit taxpayers, chief among them being the exemption of taxes on personal income up to Rs. 5 lakhs. In fact, with proper investments, one may actually pay no taxes on personal income up to Rs. 6.5 lakhs as per experts. Those earning up […]
Innovative loan types for younger customers in India
As we all know, millennials have entered the contemporary workforce in droves and make up one of the biggest customer bases for industries in a variety of sectors. The banking and financial services sector is no different. While millennials do have requirements for more conventional lending products like home loans, car loans, personal loans and […]
Personal finance strategy- Should you invest in SIPs or recurring deposits?
Personal finance strategies are always individualistic and highly personalized, depending on one’s specific goals and investment objectives. In this context, it is apt to mention that there has been a major debate amongst several investors with regard to putting money in SIPs (Systematic Investment Plans) or RDs (Recurring Deposits). If you take conservative investors into […]
