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5 Signs You`re Good at Managing Your Money Earning enough money is one thing. Handling your finances prudently is another. In today’s world, living a humble lifestyle is considerably difficult for many. Easy access to frivolous expenses might be spoiling your spending habits. Today we make it easy for you to understand if you are good at managing your money. Simple 5 signs that will make it clear if you are on the right track while taking care of your 1. Steady flow of income If you have a steady flow of income...
5 Signs You`re Good at Managing Your Money
5 Signs You`re Good at Managing Your Money
Source: Quantum Mutual Fund
8/12/2022 11:43:33 AM
Start Planning Your Retirement From An Early Age - Akhilesh Gupta, Aviva India When we are in ourtwenties and stepping into our first jobs, we dream of a big house and foreign vacations, however, we hardlyponder upon the idea of retirement. The zeal to pursue and earn is so high that the idea of managing our finances often slips our minds. Fast forward to when we are40, going through a mid-life crisis and regretting not having to start saving early.   It is easier to save for retirement when you are younger and have lesser responsibilities. Just investing a l...
Start Planning Your Retirement From An Early Age - Akhilesh Gupta, Aviva India
Start Planning Your Retirement From An Early Age - Akhilesh Gupta, Aviva India
Source: PR Agency
19/04/2022 2:16:42 PM
Simple steps to calculate Tax on your Salary Filing taxes is a fiscal responsibility for every citizen. But to ensure that you don’t pay a higher amount in taxes than you must, it is important that the tax calculation on your salary is done correctly. Calculating the taxes payable on your income, including your salary, involves a careful step-by-step estimation of the amount due. There are several salary tax calculators available online which can help you determine the precise amount you owe in taxes to the government...
Simple steps to calculate Tax on your Salary
Simple steps to calculate Tax on your Salary
Source: PNB Metlife
18/03/2022 3:25:05 PM
Everything you need to know about India’s Income Tax structure In India, income tax is a direct tax levied by the Central government. The tax structure in India follows an equitable model wherein everybody is taxed according to the income they draw. Additionally, the tax payable by an individual is dependent on their age. The government follows a progressive tax structure, which has different tax slabs with differing income tax rates, which ensures that everybody pays what they can afford. The taxes payable by an individual depends not only on the amo...
Everything you need to know about India’s Income Tax structure
Everything you need to know about India’s Income Tax structure
Source: PNB Metlife
18/03/2022 2:37:37 PM
New TAX provisions for ULIP plans Note on section 10(10D) of the Income-tax Act, 1961 (Act) with respect to Unit Linked Insurance Policy (ULIP) as amended by Finance Act, 2021 In Unit Linked Insurance Policy, the Investment Risk in investment portfolios is borne by the Policyholder As per the provisions of section 10(10D) of the Income-tax Act, 1961 (Act), no exemption shall be available on any sum received under a life insurance policy, issued on or after 1 April 2012, where the premium payable for any of the prev...
New TAX provisions for ULIP plans
New TAX provisions for ULIP plans
Source: PNB Metlife
18/03/2022 2:14:18 PM
Know All About Income Tax E-Filing in India Whether you are a salaried individual or a self-employed one, filing income tax returns or ITR is a must if you come under the tax bracket. If you earn more than the tax exemption limit, then you are required to file your tax returns as per the latest norms. Every year, millions of people get busy around mid-year, i.e., July, to submit their income tax returns. Not only because it is mandatory by law, but it is also required for buying life insurance online, getting a loan, carrying forw...
Know All About Income Tax E-Filing in India
Know All About Income Tax E-Filing in India
Source: PNB Metlife
27/01/2022 4:55:44 PM
Common Tax Problems for 2021 The last year has been a rollercoaster with many changes happening around the world. Whether it was the lockdown or the virus wreaking havoc in the lives of millions of people, there were quite a few problems to deal with on multiple fronts. To add to this, some tax changes made in the last one year (2020-21) brought in some challenges for people too.   This article talks about some common tax problems that you might have encountered in the recent past or are likely to encounter in...
Common Tax Problems for 2021
Common Tax Problems for 2021
Source: PNB Metlife
27/01/2022 4:49:39 PM
Basics and E–Filing Process 2021 Income Tax in India What is Income Tax? Income Tax is a type of Direct Tax that came into force with the Income Tax Act, 1961. It is a portion paid by individuals and companies and applicable to any source of income or profits generated.   Who is a Taxpayer in India? Taxpayers are classified as Individuals Hindu Undivided Family (HUFs) Firms Companies Body of Individuals (BOI) Association of Persons (AOP) Individuals are classified as Residents and Non-Residents. Residents a...
Basics and E–Filing Process 2021 Income Tax in India
Basics and E–Filing Process 2021 Income Tax in India
Source: PNB Metlife
27/01/2022 4:46:44 PM
Evolution of the Taxation System in India Taxation is a major part of every individual’s life. Every year, you rush during the filing season to collate information regarding the income and expenses shown in the books for taxation. Being an inevitable aspect of financial planning, you also look for tax saving funds to invest in so that you can save the hard-earned money on which you pay taxes. You have been paying taxes for years and years now. But have you ever wondered about what it is and how it all began?   The Or...
Evolution of the Taxation System in India
Evolution of the Taxation System in India
Source: PNB Metlife
27/01/2022 4:41:26 PM
All About Taxes That are Applied to Personal Income Personal Income is subject to Income Tax in India. Every individual is required to exhibit their income and file Income Tax in India. As a taxpayer, it is necessary to understand the taxes applied on personal income and about income tax saving options.   What is Income Tax? Income Tax is the tax levied by the Government of India on the gross income earned by every individual. It is in accordance with the Income Tax Act, 1961. Resident Indians have to pay taxes for Income earned ...
All About Taxes That are Applied to Personal Income
All About Taxes That are Applied to Personal Income
Source: PNB Metlife
27/01/2022 4:30:23 PM
Know the Difference Between TDS and TCS Tax is a necessary yet complicated subject to comprehend. As a responsible citizen, tax planning is not only mandatory but also an important aspect of financial planning for you. Every year, you begin to evaluate your income, gather important receipts, check your investments and your tax-saver plan like term insurance plans to calculate tax payable. While doing so, you might have come across terms like TDS or TCS, which you may have struggled to understand. The Government of Indi...
Know the Difference Between TDS and TCS
Know the Difference Between TDS and TCS
Source: PNB Metlife
27/01/2022 4:27:31 PM
Plan Your Life Better With a Pension Calculator The years you spend post retirement are said to be the golden years of your life. It’s important to prepare for them so that you can realize all the dreams and hopes you have for this special time in your life. Safeguarding your future takes some planning, which can be done with the help of a pension calculator. A pension calculator helps you calculate your income requirements post-retirement on the basis of your age, annual income, savings, nature of accommodation, and t...
Plan Your Life Better With a Pension Calculator
Plan Your Life Better With a Pension Calculator
Source: PNB Metlife
19/04/2021 3:24:20 PM
Planning Your Retirement? 6 Places to Visit Before You Retire After dedicating years at an organisation day in and out, a good retirement is a gift well deserved. To make sure you are living it up even after 60 and ticking off your bucket list, investing in a good retirement plan in your early years is ideal.  Look for investments that help you meet your life goals and requirements. A one-time premium pension plan is one such option that will make sure your requirements and holiday needs are taken care of. While a good pension plan takes care of...
Planning Your Retirement? 6 Places to Visit Before You Retire
Planning Your Retirement? 6 Places to Visit Before You Retire
Source: PNB Metlife
30/10/2020 5:58:47 PM
Purposeful Life after Retirement With your working years spent in the office trying to secure yourself financially well enough to fulfil your goals, retirement can often open up many unexplored horizons in your life. After the initial excitement of being retired wears off, the need to find ways to make life interesting and secure becomes a core requirement. Here are some ways to add purpose to your life after retirement: Build a healthy life: Incorporate new ways to make your life healthier by adding exercise, health...
Purposeful Life after Retirement
Purposeful Life after Retirement
Source: PNB Metlife
30/10/2020 5:07:49 PM
Key to a Happy Retirement Being retired is all about stretching your legs and reaping the benefits of a life you’ve worked hard to have. But in order to enjoy your second innings, you need effective retirement planning - one that doesn’t leave you with regrets and allows you to maintain your lifestyle. Set your priorities Figuring out what you’d like to do and how you’d like to do it would be a good place to get started. Would you like to stick close to family, or would you like to have y...
Key to a Happy Retirement
Key to a Happy Retirement
Source: PNB Metlife
30/10/2020 5:04:32 PM