Basic Pay and its Impact on Taxes and benefits
In this article, we are going to discuss about basic Pay and its impact on taxes and various other benefits.
Taxation : Fixed Deposit vs Debt Funds
Taxation : Fixed Deposit vs Debt Funds has been a topic of discussion since changes made in Finance Act 2023. Debt mutual funds invest predominantly in fixed-income securities like bonds, debentures, and other debt instruments. For taxation purposes, a specified mutual fund is defined as a mutual fund which invests less than 35% of its … Read more
Saving Taxes under NPS
Sections 80C, 80CCC, and 80CCD(1) The combined limit for deduction under Sections 80C, 80CCC, and 80CCD(1) cannot exceed Rs 1.5 lakh. Section 80CCD(1B) Additional deduction of Rs 50,000 under Section 80CCD(1B) is available when you invest in a Tier 1 account. This deduction is over and above the combined limit of Rs 1.5 lakh (Under Section … Read more
Personal Finance Rules
We all earn money through various professions. We give so much focus to salary that we can earn. However very few people give same importance to management of money that we earn. One thing that I have realised is that our money is our responsibility and it’s very crucial to learn how to manage it … Read more
Financial Mistakes I made
Buying ULIP