80C saving

ULIP (Unit Linked Insurance Plan) 101 – All that you need to know

What is it?ULIP is a financial product providing both insurance and investment at the same time. How does it work? A part of the premium is diverted to provide life insurance to the policy holder. In case of death of the policy holder either the sum assured or the fund value, whichever is  higher is …

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Income Tax Deductions Under Section 80C and other sections – All That You Need To Know

While calculating my income tax for the year I knew the major sections under which I could reduce my liability. I thought of prodding further and was pleasantly surprised to find that there are a number of conditions under which deductions can be claimed. I am sharing with you a comprehensive list of income tax …

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Save lakhs on your home loan by prepaying (and calculator to see what you can save)

There is a perpetual dilemma with those servicing a home loan; whether to prepay or not. I was once in the same category. So I have created an excel calculator to show the impact that prepayment can have on:  savings on the interest payment and the income tax deductions. The file has 3 main sections: …

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