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Explore the differences between the new and old tax regimes, including key exemptions and deductions, to determine which option is more beneficial based on your financial situation and investment strategies.

Sharma jee was absolutely thrilled when he heard about the new budget. With the significant tax rebate, his income up to ₹12.75 lakhs would be virtually tax-free! He couldn’t wait to share the good news with his friend, Verma jee. Upon hearing this, Verma jee agreed that the new budget indeed reduces the tax burden. … Balancing Act: Spending Freely While Saving Wisely in new tax regime Read More »

“In this world, nothing can be said to be certain except death and taxes” – Benjamin Franklin While taxes are certain, there are legitimate ways to reduce taxes. I firmly believe that as  responsible citizen, I must pay a fair share of taxes. However, I also believe that we owe it to our family that … What is the best tax saving option? Read More »

“If you never try, you will never know.” – Unknown Key takeaways: With falling fixed deposit interest rate, it is time to look at other options that can deliver better post-tax return. Debt mutual funds can be a good alternative to fixed deposit. It is more tax efficient and offers a lot of flexibility. … What to do when banks are cutting FD rates? Read More »

Summary: Tax is deducted at source for NRI investments (banks, mutual funds). Normally the tax is deducted at a high rate. Many NRIs are unaware of this. As they are not necessarily required to file tax in India, they end up giving up the taxes that have already been deducted at source. NRIs can file … How NRIs can claim deducted tax? Read More »

“There is nothing more deceptive than an obvious fact.” ―Arthur Conan Doyle In the latest budget, Finance Minister  Arun Jaitley, reintroduced Long-term capital gain tax for equity investments starting 1st April 2018. After the imposition of LTCG tax, there was lot of confusion and discussion. I tried to introduce the concept of LTCG tax on equities … Bursting some myths about LTCG tax – Part 1 Read More »

“In this world, nothing can be said to be certain, except death and taxes.”  – Benjamin Franklin In the latest budget, Finance Minister  Arun Jaitley, reintroduced Long-term capital gain tax for equity investments starting 1st April 2018. For some time now, It was widely rumoured that such a tax will come into effect. So, when … All you wanted to know about LTCG taxes on equities! Read More »

“Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.” – Warren Buffett In investing it is important not to lose money. We can avoid losing money in market by completely remaining out of the market. But if that were the intention, you wouldn’t have been reading it. You have to be “in it” to “win … Balance fund – solid option for steady returns Read More »

A few weeks ago, we wrote about how debt oriented mutual funds are more tax-efficient than bank fixed deposits. The other day a friend told that fixed deposit rates are falling every day. Indeed, with bank fixed-deposit rate hovering around 6.5%, post-tax return of fixed deposit or interest on saving account balances is quite low, … Equity-arbitrage fund – A tax-efficient option Read More »

An idiot will never learn from his mistakes, a smart person will learn from his mistakes, but a genius will learn from other people’s mistakes – Unknown  Recently, I had a rude shock. While filing my income tax return, I checked my 26AS statement. This is a place where we can see all the taxes … Insurance –Learn from my mistake Read More »

In this world, nothing can be said to be certain, except death and taxes – Benjamin Franklin While Tax is as certain as death, a timely and suitable tax planing could help in saving taxes. Most people remember about tax planning when the payroll department asks for their investment proof. The best time to plan … What’s the best tax saving option? Read More »

Over the last few days, we saw many banks cutting rates on saving account balances. The interest on bank fixed deposits has also fallen. Interest income on bank fixed deposits is clubbed with your taxable income and is taxed at your marginal tax rate. Unlike bank FDs, debt mutual funds offer three key advantages: Easy … Bank cutting rates – Move your cash to debt mutual funds! Read More »

The hardest thing to understand in the world is income tax- Albert Einstein Recently, I met an old friend. He is very sceptical about mutual funds and considers them risky. When I talked about debt oriented mutual funds who don’t have the same risk profile as equity funds, he was not convinced. While he agreed … Fixed deposit Vs. debt mutual fund – What to pick? Read More »