Tax planning should not be left for March. If you do so, you could face a severe cash crunch in that month, warns Sanjay Kumar Singh.
You must remember to choose the right home loan if you do not want to face the hassles in the process.
By implementing these simple ideas you will not only have saved a lot of money, but ensured that you do not find yourself in a pile of credit card debt or have thrown your monthly budget out of gear.
Go make a beautiful home but spend smartly and wisely!
One of the mistakes most homemakers make while thinking about financial planning is looking at immediate goals, says Amar Pandit.
If your children live abroad, rely more on financial assets as they are easier to liquidate and move across borders.
Form 16 contains details of salary income, deductions, and exemptions.
Consider a combination of a base policy and a super top-up policy.
If you are overweight on fixed-income instruments, go for ELSS, and vice versa.
Many youngsters take financial discipline as putting restriction on their freedom. That's a myth. You can very well enjoy as well as save and grow your money at the same time. Salil Dhawan shows you how
Investors looking for a fixed-income product that is free of credit risk may invest in these bonds.
It is a good option for parents of girl children who want a debt product and do not mind its low liquidity.
'Decide on an asset allocation you are comfortable with and stick to it for the long term.'
'The barbell strategy says that the best way to strike a balance between risk and reward is to invest at the extremes of the risk spectrum.'
Under Section 80D, you can avail of deduction on payment made towards preventive health check-ups.
The impact of currency depreciation can also be mitigated by holding a portion of your investment portfolio in dollar-denominated assets.
You do get your money's worth simply watching these girls do what they are best at: Entertainment, feels Divya Nair.
Regardless of market levels, invest in stocks and equity mutual funds in a staggered manner.
There are millions of Indian women who avoid the responsibility of managing their finances due to a variety of reasons, including cultural and social conditioning.
Saving tax is the main motto of all taxpayers. While some hire chartered accountants, others pore through tax laws, or ask friends to find out if there are ways by which they can save.
The self-employed should invest in the National Pension System, a government-backed, low-cost retirement avenue where they can choose the mix of debt and equity that is right for them.
Many seniors mistakenly believe they need not file returns if tax is deducted at source (TDS) on income received. This is incorrect.
Surround yourself with people who are also working hard on their own side projects, says Saagar Panchal.
Understanding how money works is the first step toward making your money work for you, says Harshad Chetanwala, co-founder MyWealthGrowth.
If the gift is received from a relative, there is no tax implication. But if the gift is received from a non-relative and exceeds Rs 50,000 in value during a financial year, the entire value of the gift is taxable.
Understand the magic that SIP brings to the table for you as an investor, says Satyen Kothari. You can start by investing as little as Rs 500 per month.
Avoid clicking on any unknown links from strangers. Use a different, secure password for each social media account you have.
A retirement fund can be helpful for all age groups, but ideally one should start investing early to beat market swings and gain from compounding.
G Murlidhar, MD and CEO, Kotak Mahindra Life Insurance Company explains how to make smart financial decisions for better gains.
'Use this money to build an emergency fund if you do not have one.'
If you are travelling internationally in the next two months, it's a good time to exchange your currency.
Here's a quick round up on what you should do whilst you apply finishing touches to your tax planning.
Calculative risks is what differentiates the successful businesses from the rest, points out Bhargav Varma, co-founder and COO of CiS App, a social networking venture.
LTA can be claimed only for domestic travel and is available for two journeys within a block of four years.
A term plan's premium is lower than that of a wholelife plan.
'To save the LTCG, it's always better that the owner of the property that was sold also becomes the title holder in the new one.'
'It makes sense to have gold in one's portfolio keeping the political and economic risks of 2024 in mind.'
'Look not just at the interest rate but also the processing fee.'
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