Forgot to submit tax proof? How to still claim the benefit?

A good understanding of requirements, benefits available, how to claim them and importantly how to plan to utilize the benefits under the IT act will ensure that the tax paid is the minimum and thus maximize long-term saving of money. The Income tax act considers all earnings of a person as income and taxable unless …

Continue reading

When to Choose a Debit Card vs a Credit Card

There is no right or wrong answer when the question is to choose between a credit or debit card. All that matters is whether you have understood the pros and cons of each. Most of the millennials are opting for debit cards over credit. However, credit card users say that others are missing on the …

Continue reading

Top 5 Things To Consider Before Buying Life Insurance

Life insurance is an investment to secure the financial stability of your family, in the event of your untimely death.  Most Indians prefer taking a life insurance policy because of the triple advantage it offers – savings in tax, investment, and life cover. Life Insurance is a long-term contract, and the insurer has to be …

Continue reading

Things To Check Before Buying A Health Insurance

The illness of a family member causes a great deal of emotional and financial stress. With rising costs of medicines and healthcare facilities, an illness of a family member is enough to use up all the savings of a family. Health insurance policy helps to cover the hospital expenses and medical bills arising due to …

Continue reading

What Kind Of Deaths Are Not Covered By A Life Insurance Plan

Life is unpredictable, and we never know what is going to happen in the next moment. Life insurance is the best way to take care of the financial needs of your family upon an unfortunate death. Term insurance is the most efficient plan preferred by most of the policyholders. The policy delivers a lump sum …

Continue reading

Don’t fall for guaranteed life insurance plans 

Insurance is a popular tax saving instrument and should be a part of financial planning and goals set. However, buying guaranteed insurance plans in the last minute to save tax is not a solution. Insurance was nationalized, and institutions like IRDA ensure that insurers are being regulated and monitored. But there are no similarities in …

Continue reading

How to Save Taxes on Health Insurance

If you are planning for your tax saving, then a good option would be to invest in Health Insurance. Not only does it reduces your taxable income but also, provides you protection against the rising medical expenses. How much deduction can you claim for premium payment? If you are a senior citizen (age 60 + …

Continue reading

How to Manage Money Better?

Do I buy that dress? The occasion is a special one so I think I can buy this suit! I have an IPhone 7s but the camera quality of X is better! Aren’t these the excuses we make to justify our spending? Spending money is good. But living to the fullest doesn’t mean we spend …

Continue reading

How much should you have in your savings account?

How much money is enough when you suddenly lose your job or run out of business or there is an emergency in your family? Probably enough to survive the rest of your life. But life doesn’t work that way, does it? It might when you win a lottery or inherit your ancestral property. The question …

Continue reading