Many of you have been asking me on which insurance plan is best based on some of my reviews before. Though I might have missed some of your mails/comments, here comes an easy guide to follow while buying insurance. My analysis reveals that most of the young folks who just started their career are the […]
tax
Tax Planning Simplified – Part 2
We have learned about tax planning for Section 80C from previous post, where we can avail a maximum exemption of Rs 1,00,000 from the taxable income. Now let us explore the avenues beyond section 80C to avail the maximum tax benefit. For salaried individuals whose gross total income exceeds Rs 2,60,000 per annum, deductions under […]
Tax Planning Simplified – Part 1
Most of us think about investment and tax planning only when an employer sends out a mail suggesting to submit proof of investments. This usually happens around this time of the year so that the tax can be spread equally over the remaining three months of the financial year. If you just woke up about […]
New Direct Tax Proposal : India
The new direct tax code proposes to exempt the general tax payer from paying income tax if his income is Rs 1,60,000 in a year. He would pay just 10 per cent up to Rs 10 lakh, 20 per cent beyond that and Rs 25 lakh and 30 per cent beyond Rs 25 lakh. Though […]
Review of LIC’s Jeevan Aastha
Jeevan Aastha is the new insurance policy by LIC (Life Insurance Corporation of India) that is being much talked about offlate. I went through LIC’s website to understand the product better. Before taking up the policy, there are a couple of things one should keep in mind. One should clearly understand the difference between Basic […]