Fri, Jan 26, 2024
What is the formula for saving from income? What is the way to invest from savings? How to balance savings and expenditure?
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Protect yourself from falling into the trap of misselling.. What is misselling, how to protect yourself? Understand the difference between investment advice and misselling.. Watch today in MoneyGuru, Mis-selling - Information is protection!
Thu, Jan 25, 2024
Setting goals is very important in financial planning. Make a savings and spending budget. By following all such steps you can become a successful investor. Apart from this, know in detail what are the investment mantras of experts.
Sat, Aug 26, 2023
Even assuming a modest SIP contribution of Rs 500 a month for 20 years at 12 per cent returns, a person’s initially invested Rs 1.2 lakh will grow to nearly Rs 5 lakh. A more aggressive strategy of investing Rs 7,500 a month at 15 per cent interest for the same period will result in a total wealth of Rs 1.13 crore against an investment of Rs 18 lakh.
Fri, Aug 25, 2023
Before picking either a fixed deposit or opting for the National Pension Scheme, a person needs to first decide on the ultimate goal. Both are very good financial instruments, but which one is better depends on what kind of benefits you are looking for.
In case of a delay in receiving the income tax refunds, one can visit the e-filing portal of the Income Tax Department.
After three years from the last month of contribution made the account will turn ‘inoperative’. Funds in an inoperative EPF account will not earn any interest, as per EPFO rules.
How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.
The Income Tax Department may make errors in processing ITR, which could lead to excess refund being deposited in a taxpayer's account. Tax payers may also get a notice from the I-T Department for recovery of excess amount along with interest.
Thu, Aug 24, 2023
EPF is one of the best retirement savings plans through which people can make a higher rate of savings and thus use this corpus for post-retirement plans
At different phases of life you should review and increase the life insurance coverage amount to meet increasing responsibilities. One of the convenient ways to increase the insurance cover on an existing policy is with the top-up option. This is helpful for young investors who can invest more money with a rise in income.
Wed, Aug 23, 2023
A high credit score helps to get quick approval for loans and other credit instruments. It’s important to have a good credit history for a high CIBIL score.
Investors should understand how these two plans operate in terms of cost structure and how it affects their returns before deciding whether to invest in Direct or Regular mutual fund schemes.
Some individuals need to get their accounts audited to ensure compliance with the tax laws. The deadline to submit the tax audit report is September 30.
Individuals may receive a notice from the Income Tax Department if they have concealed their income, claimed incorrect deductions or have any other discrepancies in their ITR.
Gold loans offer several benefits to borrowers including lower interest rates than unsecured loans, flexible repayment options and more. Take a look at the full potential of this financial option.
Tue, Aug 22, 2023
The SIP investments help to build a large corpus fund through regular investments in mutual funds. You can start investments in mutual funds through SIP with as little as Rs 500 per month.
In case there are any mismatches in the details or total tax liability, an 'outstanding tax demand' notice is issued by the department to taxpayers. A demand notice is issued under Section 156 of the I-T Act if any demand arises for interest, penalty, fine or any other sum.
The NPS balance can be checked through multiple means online like using UMANG App and NSDL website. You can also check NPS balance by sending an SMS.
The National Pension Scheme is a retirement benefit plan open to all citizens between the age of 18 and 60 years. It’s a voluntary contribution scheme which helps to build a corpus fund with small investments every month.
Retirement planning is extremely crucial as it allows one's finances to remain secure even after a person has stepped down from their job. With careful planning and adequate savings, you can ensure that your post-retirement life will be free of any financial burdens.
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