Zero Income Tax with Tax Rebate under Section 87A
Zero Income Tax with taxable income of Rs. 5 lakh or below in old tax regime and taxable income of Rs. 7 lakh or below in new tax regime..
Zero Income Tax with taxable income of Rs. 5 lakh or below in old tax regime and taxable income of Rs. 7 lakh or below in new tax regime..
Debt Mutual Funds Taxation.. From 1st April 2023, all redemptions from Debt Mutual Funds will be taxed as per the income tax slab rates..
Equity Mutual Funds Taxation.. Short term gains are taxed at 15% rate & long term gains are taxed at 10% on profits made above Rs. 1 Lakh in financial year..
Good Amount of Term Insurance.. depends on your annual income, expenses, number of dependents, long term liabilities.. Rs. 50 lakh term insurance..
Benefits of Life Term Insurance includes 1. Low Premiums 2. Sum Assured Payout 3. Income Tax Benefits 4. Return of Premiums 5. Safety for Loans..
Save Income Tax options: 1. Standard Deduction 2. Section 80C 3. Section 80D 4. Section 80CCD(1B) 5. HRA (House Rent Allowance) to save income tax..
Home Loan Repayment Tips.. 1. Make Home Loan Prepayments 2. Keep Interest Rate Low 3. Keep Home Loan Tenure Low 4. Never Miss EMI Payments..
Sensex Returns in Last 15 Years.. 9.14% CAGR from Jan 2008 to Jan 2023 in Sensex. For Rs. 2000 SIP – maturity amount would have been Rs. 10.9 Lakh..
Large Cap, Mid Cap & Small Cap Stocks.. Large cap are top 100 companies, mid cap – 101 to 250 ranked and small cap – 251+ ranked companies..
Investment Options for Monthly Income.. 1. Post Office Monthly Income Scheme 2. Monthly Income Plan Mutual Fund 3. Systematic Withdrawal Plan (SWP)..