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The first step in setting up a solid financial plan is to make sure you have a sufficient health insurance plan. With the rising costs of medical procedures and medicines, it is very important to have a strong health insurance…
Life insurance is one of the most essential investments for any individual to make. It provides the dependents of the insured a financial safety net in case of their demise. There are various tax benefits to investing in life insurance…
House Rent Allowance (HRA) is a component of an individual’s salary to meet the expenses of renting an accommodation. HRA is not a fully taxable component of a person’s salary, as there are exemptions provided under Section 10 (13A) of…
The Income Tax Act, 1961 has provided deductions under Section 80C for various investments. A maximum amount of Rs. 1.5 lakh can be claimed as a deduction under this section. As investments in financial assets are increasing many tax-centric…
The profits you generate out from your Mutual Fund Investments are termed as Capital Gains. Mutual Funds are taxed based on the gains you make from the capital you had invested. So if you suffer a loss – No Tax….
Equity Linked Saving Schemes are tax savings fund where an individual can save up to 1.5lacs in a year under section 80C of Income Tax Act 1961. These funds have a lock-in period of 3 years with the long-term capital…
