You need to be aware of the various aspects of an education loan when doing this. However, in your anxiety, make sure that you don't ignore the not-so-pleasant aspects.
Assume the worst regarding how long your unemployment could last and make conserving cash your topmost priority, suggests Sanjay Kumar Singh.
The popularity of the instrument lies in that it converts an illiquid asset -- the house -- into liquid cash flows for the owner, typically a senior citizen.
Check out what happened in the world of business this past week.
Evaluate recurring investment products and do the numbers before making any investments.
That's what ELSS investments have to offer, coupled with other benefits.
In a pension product, on the other hand, you make regular contributions during your earning years and then get a regular pay-off after a certain number of years
The tax rate rises to 10 per cent, 15, per cent, 20 per cent and 25 per cent for every Rs 2.5 lakh addition. A 30 per cent tax is charged for income over Rs 15 lakh.
The next revision will make the rates similar to those of bank FDs.
Here's an investment strategy for investments in tax-saving funds.
Salaried employees get several benefits under Sections 80C, 80D, 80G and others.
The bond, which the Reserve Bank of India started issuing on behalf of the Union government in 2003, was considered one of the safest savings instruments for retail investors.
Rationalisation in the rates offered by small savings schemes is a must.
Do not put all your funds into a single scheme; have a mix of fund houses as well as schemes.
Post office savings deposit, recurring deposit accounts and the senior citizen savings scheme account have shown the highest growth in the current financial year.
In an online chat with readers a few hours after the Union Budget 2015-16 proposals were announced by Finance Minister Arun Jaitley, Sundeep Agarwal, Director, PwC India, answered related queries to help put the announcements into perspective.
The Employees' Provident Fund Organisation's apex decision making body, the Central Board of Trustees, had decided to provide 8.65 per cent rate of interest on EPF deposits last December.
SBI has twice hiked interest rates on fixed deposits within a month, but an investor still gets better returns at the post office.
If the interest rate on bank deposits is linked to any external benchmark, it would jeopardise the banks' fund-raising ability. Interest rates on small savings schemes are likely to be reduced very shortly, to maintain parity. All these steps would indeed affect retired people, and particularly those dependent on interest income, says Arindam Gupta.
A N Shanbhag examines various proposals of Budget 2003 which are of interest to individual assessees.
Close on the heels of one per cent cut in interest rate on small savings scheme and PPF in the Union Budget, the Reserve Bank of India announced on Friday a 0.5 per cent reduction in interest rate on savings account to 3.5 per cent effective Saturday
There is no reason for a child with no dependents to have insurance because insurance is put in place to provide for the child in the event of a parent's untimely death and not the other way around, says Amar Pandit.
All of us have made these mistakes, so let's begin by seeing how many of them we can avoid/minimise...
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