As you know, several tax changes have been introduced over the last couple of years related to all your favourite investment options and financial planning tools. Do you grasp them all? Let’s find out. Here is a fun quiz (updated for year 2020) to help you know how ready are you to navigate the tax […]
Small savings getting smaller – PPF, SCSS interest rates cut
[The fool’s take] Feel proud! You are a solider too. You are finally making a contribution towards the economy. As your small savings become smaller, the govt coffers will be relieved to fight the bigger menace. On a serious note, this is what happened. Interest rates on small savings were slashed across the board. Before […]
Notes on PPF, VPF, NPS and Debt funds as investment options
Recently, someone pointed out to me that the PPF interest rate is now at 7.9% – the lowest in 40 years. In fact, The interest rates on various saving schemes are falling and savers are finding it difficult to decide where to put the money for getting better returns. There is a slight problem with this thinking. We tend to look […]
PPF – All that you need to know about this tax saving investment
PPF continues to be one of the most preferred investment vehicles for Indian households. The reasons are clear. It offers guaranteed returns and that too tax-free. It has come along way since 1968 (source: Wikipedia) when it was first launched. Here are 10 pointers that bring you upto speed with the latest features of a PPF account. They will also […]
Tax savings – 10 ways to save tax and build wealth
It is that time of the year. Your HR department just sent you an email stating the tax that is going to be deducted from your salary in the coming months. Why? Because you are yet to submit the relevant proofs of investments. The amount is huge. It has got your eyes to pop out. It totals up […]
