Avoid investing in a new ELSS scheme each year. Stick to one well-chosen scheme to avoid clutter in your portfolio.
With the reduction, term deposits of 1-3 years will now fetch an interest rate of 5.5 per cent from the existing 6.9 per cent.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Finance Minister Nirmala Sitharaman on Thursday said the government will roll back a steep interest rate cut on small saving schemes such as PPF and NSC -- saying it was an oversight, a move being seen as an attempt by the ruling Bharatiya Janata Party to contain the fallout of a decision hitting the common man in the ongoing elections in West Bengal, Assam and three other states.
Missing the deadline for filing Income Tax returns can lead to consequences.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Premature closure shall be allowed only after the account has completed five financial years.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Did you know that an individual can, in addition to the tax benefits she/he is entitled to, also leverage the benefits available to family members to reduce this liability?
Ahead of the Union Budget 2023, insurers are hoping that the Centre will act on their recommendations, which includes increasing the limit for tax deduction under 80D of the Income Tax Act. Also among them are issuance of long-term bonds, tax incentives for home insurance premiums, and a separate section to claim deduction for term-insurance premium, among others. These suggestions would help improve the penetration of insurance in the country.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Plan these investments well rather than just doing random investments at the beginning of the year or rushing in at the end, advises Harshad Chetanwala, co-founder, MyWealthGrowth.
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Once the new rules kick in, you will have less cash-in-hand and may feel tempted to scale back on savings and investments.
Those willing to take a higher risk for higher returns can look at AAA-rated non-convertible debentures from reputed issuers.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
GSR 592(E) states that all NRIs -- including PIO like your son -- are not eligible to open PPF accounts. The accounts opened prior to all these dates are allowed to run up to their maturity but no extension or renewal can be made.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
PPF still stands out as one of the best among the instruments giving exempt-exempt-exempt (EEE) benefits, which makes it one of the most popular investment products say financial planners.
Investments in Sukanya Samriddhi Account will earn higher interest rate of 9.2%.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your personal income tax queries.
Nikunj Saraf, Vice President Choice Wealth, will answers your queries.
'FDs should hold your emergency funds, equivalent to around 6-12 times your monthly expenses.'
Direct tax expert Vikas Gandhi offers some valuable tips on investments.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Arun Jaitley presented the Union Budget in Parliament on Saturday.
For claiming exemption from HRA, you need to provide rent receipt or rent agreement to your employer, based on which your employer will calcuate the exemption and deduct TDS accordingly from your salary, says tax expert Vikas Gandhi.
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
In an hour-long chat on rediff.com on Thursday, financial planning expert Sailesh Multani offered some valuable tips.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Nikunj Saraf, Vice President Choice Wealth, answers your queries
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
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