According to media reports the I-T department recently discovered a scam where companies deducted TDS (tax deducted at source) from its employees but did not deposit it with the government. So what is TDS and how can you check if the TDS deducted by your employer is actually going to the government? You need to …
So you have decided to buy a new car. It fits in your budget and you have the required money to buy it without loan. But you still have the question – Should I take a loan for purchasing my car? Should I pay the full amount upfront? I will try and help you answer …
As I mentioned in a previous blog, the Reserve Bank of India (RBI) has mandated that that effective January 1, 2017, all Credit Information Companies (CICs) shall provide access, upon request and after due authentication of the requester, to a free full credit report (FFCR) once in a calendar year to individuals whose credit history …
Get your free credit report from CIBIL in India – online Read More »
Diwali is around the corner. It’s a time of celebration. At the same time it can be a big drain on your finances if not planned properly. Here are a few tips and tricks to save money during your Diwali shopping. Use credit cards. As I have mentioned time and again, spending using credit cards …
I was reading an article in mint about the spending habits of Indians. It talked about why Indians find it hard to spend their money. I believe that culture has a big role to play in this behavior. We are known as savvy savers and one who would squeeze the worth out of every penny. …
The changing saving habits of Indians – a commentary Read More »
My dear readers You must be wondering that till now I have mainly talked about insurance and products with fixed returns while maintaining a silence on mutual funds and stocks. I would like to justify my stand. I am not a financial advisor but a person who shares his experience with readers. All my blogs …
Who can enroll?Any Indian citizen above age of 60 years can enroll for this scheme.No upper limit for age. What is the policy term?The policy tenure is for 10 years. Where to get it?The scheme can be bought online or offline from LIC, which is the sole operator of the scheme. What are the returns?There …
All that you need to know about Pradhan Mantri Vaya Vandana Yojana (PMVVY) Read More »
What is Pradhan Mantri Suraksha Bima Yojna (PMSBY)? Pradhan Mantri Suraksha Bima Yojna is a long awaited social security scheme launched in 2015 to provide accident/ disability insurance to masses at nominal premium. And when I say nominal it is actually nominal – Rs. 12/year for a cover of Rs. 2 lakh. Though one may …
As Indians we are perpetually attracted to gold. Traditionally it is bought either in the form of jewellery or in form of gold coins and is considered safe haven for money to be utilized in times of need. To quench this thirst, Indian government has come up with sovereign gold bonds which allows not only …
Section 139AA of the Income-tax Act, 1961 which was introduced by the Finance Act, 2017 makes it mandatory to quote your Aadhaar number in order to file your income tax returns (ITR). In other words you need to link you Aadhaar card to your PAN card if you want to file returns from now on. …
3 ways to link your Aadhaar card to your PAN card Read More »