Income tax is an unavoidable part of our lives. While many of us often harbour a wish to not pay the tax on income, it’s not the right thought. Not only would we derive the government of funds to utilize for public use but commit a criminal offense as well. We can, however, minimise the impact of the income tax levied. With smart tweaks to our salary structure and timely investments into tax-saving plans, our take-home salary will remain solid and the worry of tax on income eating into our … [Read more...] about How to Increase Your Take Home Salary?
For most of us, family is everything. We work hard, day in and out, just to see them hale and hearty. A smile on their face is enough to fill our hunger. This is the very reason why each one of us should buy a term insurance plan. It is to ensure our loved ones are safe and financially secure if something were to happen to us. However, buying just this plan isn’t enough. We need to ensure the plan we buy is the right one with enough effectiveness and benefits to safeguard our family. Here … [Read more...] about Aegon Life iTerm Plus Insurance Plan – Why settle for less?
According to the Collins Dictionary, ‘Tax is an amount of money that you have to pay to the government so that it can pay for public services.’ In India, the tax structure was divided into a three-tier hierarchy. The Central government, the state governments, and the local municipal bodies made up the trifecta. All the three bodies were dedicated to the collection of two types of taxes—direct tax and indirect tax. Direct- Levied directly on individuals and corporates. Examples … [Read more...] about India and GST: The New Tax Regime
The benefits of a life insurance plan are well-documented. A plan which ensures your nominee's financial security in case of your demise for the exchange of regular premium payments, the idea is simple and yet so effective. However, with the rise in unhealthy lifestyles and stresses, one shouldn’t stop with the purchase of a plain-old vanilla insurance plan. What they should go for instead is a term insurance with health benefits. A few insurance plans offer these health benefits as an … [Read more...] about Get a life protection that includes your health too
Indian parents have a notorious tendency of over-indulging in their children’s lives. Whether its flat out doing their homework, or involving too much in their academic lives. while parental involvement is definitely necessary in any child’s life, getting tangled too much in their academics does more harm than good. As per a new study, kids who study independently and without the pressure to perform from kids, perform better. As responsible parents, you should provide the necessary support … [Read more...] about How to make your children study on their own
Right Life Insurance: Perception vs Reality Perception is reality! Life Insurance sector is no exception to this fact. So how is life insurance perceived by the general public? It is not an understatement to say that a vast majority perceives life insurance as a complex product and often time does not have a good understanding of what they need. Many people are still grappling with basic facts of life insurance, what it entails and how it is different from other financial products. Life … [Read more...] about Spreading Awareness – Getting the Right Life Insurance
On the back of my first post ‘Term Insurance First…………then the Rest’, thought it would be good to take the journey ahead in spreading awareness on life insurance, by sharing ‘Reality bites’ from my interaction with families who have seen the loss of a bread-winner. It’s an immensely mixed emotion, on the one side it is sadness and empathy (for the loss & challenges faced by the family) and on the other side it is one of admiration and pride (for the family moving ahead with life and seeing … [Read more...] about Reality Bites: Bread-winner Lost to Dengue
Santa Claus always reminds us of our childhood. Do you remember waiting around your Christmas tree until the wee hours of the morning only to fall asleep in anticipation? The wait was usually the best part. Every Christmas morning you would be delightedly greeted with presents that magically appeared around your tree, leaving you confused at how they presented themselves there. However, your questions were usually answered by the works of Santa Claus. Santa Claus was always everyone’s … [Read more...] about How does Santa Claus Manage to Save Taxes
“Don't Panic.” ― Douglas Adams, The Hitchhiker's Guide to the Galaxy Say this to someone who has just realised he/she is not prepared for filing tax returns. We challenge you, go on. As the tax season begins, Indian salaried individuals go haywire. In the quest to save money on income tax, they do a lot of unnecessary stuff in the name of aid. Don’t believe us, read on and be amazed. Chacha Ji Zindabad Right from what to name a child to whom to marry the kid off too, we just love … [Read more...] about What kind of aid do people take as the tax season nears?
As most of us have a tendency to procrastinate, tax-planning also takes a backseat in that process. We only get to it when the financial year is coming to a close and accountants are busy fixing up everyone’s books. However, last minute rushing is not exactly prudent if you want to save money from taxes. A smarter approach is to invest your money in the early quarters of the financial year in tax-saving instruments. The early start also gives you enough to rectify any mistakes you might be doing … [Read more...] about Have You Invested Yet? We Guide You With The Best Tax-Saving Investments