There are two things Indians love beyond comprehension or logic – First is Cricket and Second is Salman Khan Films. Bhai has become the most beloved and consistent actor Bollywood has ever seen in his almost 3-decade career. From a…
ELSS owe most of their reputation to the tax deduction aspect of investment it provides. While that is true and the attraction point for most investors, you should not limit your vision but use this investment instrument to its full…
Until recently, whenever tax deduction was mentioned, Equity Linked Saving Schemes (ELSS) was the only instrument that came to mind. From Union Budget 18-19, Unit Linked Insurance Plans (ULIP) have become another option worthy of thought, with no tax on…
Section 80C of the Income Tax Act allows for a deduction of up to Rs. 1.5 lakhs from an assessee’s taxable income if the assessee invests in any of the instruments mentioned under this section. There are various instruments that…
The Axis Long Term Equity Fund is an open-ended, highly diversified equity fund that has the objective to provide the investor with long-term capital appreciation and income. This fund invests primarily in mid-cap and large-cap companies with a sustainable business…
The Public Provident Fund (PPF) scheme of 1968 has been one of the most popular tax-saving investments in the country, after all, this scheme provides a guaranteed rate of return and returns on these investments are tax-free and interest is…
Equity-linked Saving Schemes are mutual funds that have a majority of the financial corpus invested in equity. Under Section 80C of the Income Tax Act, 1961 these investments have various tax advantages which have been listed below. 1. Lock-in Period:…
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…
Piggy is a next generation investment app that simplifies investments for you. It is an initiative started by a team of Ex-investment bankers and tech professionals to develop a product that makes investing easier and seamless for the regular investors.