6 Benefits of Investing Early | Compounding of Interest
Benefits of Investing Early.. 1. Compounding of Interest 2. Financial Independence and Retire Early (FIRE), 3. Reduced Risk 4. Achieving Goals Before Time..
Benefits of Investing Early.. 1. Compounding of Interest 2. Financial Independence and Retire Early (FIRE), 3. Reduced Risk 4. Achieving Goals Before Time..
EPF interest is calculated on monthly basis on EPF Balance & is compounded on yearly basis. Employee contributes 12% & employer contributes same amount..
Income Tax on SWP.. Withdrawals from SWP is taxed as STCG or LTCG. STCG tax rate is 20% while LTCG is taxed at 12.5% on profits above 1.25 Lakh in FY..
Build a Strong Emergency Fund.. Prioritize savings, cut unnecessary expenses, stay disciplined and explore different strategies to build emergency fund..
How to Get Out of Debt Quickly is one of the important question you should be asking yourself if you are struggling financially. Financial struggle starts with this debt trap and keeps on increasing with upcoming months and years if you don’t take required steps to come out of the debt or loan trap. You …
Best Investment Strategies for Different Risk Tolerances.. 1. Fixed Deposits 2. Mutual Funds 3. Growth Stocks 4. Small cap mutual funds 5. Debt Instruments..
Budgeting Tips for Beginners.. 1. Know your income and expenses 2. Build saving habits 3. Separate needs and wants 4. Automate savings
There are multiple investment options that salaried person can use to save income tax with old tax regime. These include standard deduction, investments under Section 80C, Section 80D, Section 24, HRA, etc. which can help you lower your income tax on salary. Please note that new tax regime does not allow majority of the investment …
FD vs RD vs PPF vs SIP.. FD & RD are best for short term financial goals, where as PPF & SIP can help you achieve long term goals with better Returns
Post Office Saving Schemes in India include Savings Account, Fixed Deposits, Recurring Deposits, PPF (Public Provident Fund), NSC, SCSS, Sukanya Samriddhi Yojana..