Financial planning expert Vetapalem Sridhar gives tips on how to invest in good mutual funds for the long term and how to plan for an early retirement to Get Ahead readers.
Get Ahead tax expert Mahesh Padmanabhan tells readers about the best options to save taxes in a chat on August 21.
The wise pay their taxes on time and plan for it before time. That does not mean one has to necessarily go through the big fat books on taxes! Knowing a couple of hacks for saving tax can have it sorted for you.
This is 1 per cent higher than the interim rate of 8.5 per cent announced for 2004-05.
However, you need to prove that the money was inherited.
To select the right fund, investors need to first evaluate their risk profile and also assess the funds on parameters like the investment style, performance and risk, among others.
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.
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.
That's what ELSS investments have to offer, coupled with other benefits.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
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
Evaluate recurring investment products and do the numbers before making any investments.
Assume the worst regarding how long your unemployment could last and make conserving cash your topmost priority, suggests Sanjay Kumar Singh.
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 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 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.
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