Wednesday, May 6, 2015

LTA eligibility checklist for tax-free travel

It's time for annual school-break for the kids.

It's time for annual vacation-trip for the family.

Interestingly, the Income Tax Department encourages people to travel... by granting tax-break on the Leave Travel Allowance or the LTA received by a salaried person.

Monday, May 4, 2015

Shocking mistakes mutual fund investors often commit

The history of Mutual Funds in India is now more than two decades old.

For aam investors, mutual funds are one of the best investments available... in all respects i.e. returns, risk management, liquidity, flexibility and tax efficiency.

Despite this, mutual funds remain one of the least understood financial products. I find this very... very... agonizing.

Friday, May 1, 2015

Don't invest your money in T20 style

In India, IPL T20 cricket has become a 'big hit' with all and sundry.

Once upon a time, mainly the men and boys were interested in cricket. But the advent of IPL T20 cricket has brought about complete transformation. Even the womenfolk have taken to cricket in a big way. In fact, many of the IPL teams are owned and managed by women.

Unfortunately, the brash T20 attitude is creeping into the world of our personal finance... with very serious implications.

Wednesday, April 29, 2015

You think you can beat Roger Federer!

Do you really believe you can beat Roger Federer or Viswanathan Anand? Or for that matter even a player whose world-ranking is as low as say 10,000?

Never. Unthinkable. Impossible.

Fair enough! You may not have the right skills. You have not been coached for it. You haven't put in years of training into it. So, it is but natural that you cannot win.

Monday, April 27, 2015

Is your insurer resolving complaints within this time-frame?

Don't let the insurance companies take you for granted.

In order to protect the interests of policyholders, IRDA has made it mandatory for all insurance companies to have a "speedy and effective" grievance redressal system in place.

In this regards, it has issued guidelines specifying the time-frame that the insurers must adhere to, on receipt of any complaint from a policyholder.

Friday, April 24, 2015

Should I borrow Rs.5 lakhs with salary Rs.50K p.m.?

Last week I received a query from one of my blog subscribers.

Rohit was planning to buy a new car. The on-road cost was working out to about Rs.6.50 lakhs. His idea was to pay Rs.1.50 lakhs as down-payment from his annual bonus and finance the balance Rs.5 lakhs through a car loan.

With a total salary of around Rs.50,000 per month, Rohit was wondering whether borrowing Rs.5 lakhs for the car was Ok or not.

Wednesday, April 22, 2015

File income tax returns this year with a helmet on

Contrary to many promises and huge expectations, the Modi Govt. is proving to be far worse than the previous Govt., at least as far as the tax terrorism is concerned.

You will be absolutely shocked to see the latest Income Tax Returns Forms issued by the IT Department for the Assessment Year 2015-16.

Recent Money Making Ideas...

Sharing is Caring...

Share Button

More Personal Finance Tips on...

Don't bother to come back. We'll send you regular updates... FREE

Subscribe via Email