Sukanya Samriddhi Yojana Updates Aiming to promote “Beti Bachao, Bet Padhao” campaign, The Government of India had started Sukanya Samriddhi Yojana as one of the most successful small savings scheme dedicated purely towards social security and betterment of girl child. The scheme is curated in such a manner that each and every class of person […]
Rights of an Insurance PolicyHolder in India
Insurance PolicyHolder Rights in India Insurance policyholder in India enjoys certain rights as per law. Here is a list of some of these rights. Complete knowledge of the policy/plan Insurance Regulatory and Development Authority (IRDA) has laid down the stringent instructions to be followed by the insurance company or agent to provide the complete information […]
All You Want to Know About Public Provident Fund
Highlights of Public Provident Fund Public Provident Fund, popularly known as PPF, is a savings cum tax saving instrument. It also serves as a retirement planning tool for many of those who do not have any structured pension plan covering them. Public Provident Fund account can be opened at designated post offices throughout the country […]
When to Review your Life Insurance Policy?
Life insurance policy and health insurance policy are the two major pillars of every financial planning. Absence of any of the policy will completely destroy the financial plan. But simply taking the policies are not enough, one needs to make sure that the cover or the sum assured amount is sufficient to serve the purpose. […]
Company Fixed Deposits Risks and Rules to know before Investing
Investing in Company Fixed Deposits Currently, most of the banks are offering interest rates on fixed deposits in the range of 6% to 7%. Although fixed deposits with the banks are safe, post-tax returns of the bank sometimes do not even beat the inflation rate. So it is must for the investors not to stick […]
SIP or Home Loan Prepayment?
Living life debt free is often considered as a Supreme Goal of Financial Planning. However, to achieve this Goal one has to make efficient financial planning, as well as full-heartedly, follow it. If we talk about a Home loan, the tenure stretches to 20 years to 30 years which covers your whole working life (i.e. […]
Elaborating Tax Treatment of Composite Rent
Meaning of Composite Rent Composite rent means when the landlord or owner of a property receives rent in respect of building let out including: (1) Other assets as for example furniture, fixtures, plant, and machinery. (2) For other services provided in the building, for e.g. Elevator or Lifts; Security; Generators or Power backup; The cumulative […]