20 Easy Ways to Save Income Tax in India
People are always on the lookout for opportunities to save income tax. No one likes to miss out on options that can save them money paid as tax. Different people prefer different ways of doing so. This year the tax filing deadline for salaried individuals is 31st July 2021. But if all your calculations and documents […]
Linking EPF with Aadhaar mandatory now
The Provident Fund (PF) rule is going to change from 1st September 2021. According to the Employees’ Provident Fund Organisation (EPFO), it is mandatory for Employees Provident Fund (EPF) account holders to link their Aadhaar number and PF account by 31st August 2021. Failing to EPF Aadhaar seeding by this date will lead to discontinuation […]
8 Investment Options for Senior Citizens
Retirement is an important stage in your life. Everybody, whether self-employed or salaried, expects to secure their lives post-retirement. This article discusses everything you need to know about various investment options post-retirement for senior citizens. So, where should a retired investor put his hard-earned lifetime savings to fetch a regular income and also manage one’s […]
Best ways to save Tax – NPS
Quick check: Check who you are really borrowing from: our directory of RBI-registered lenders lists each NBFC’s registration, loan apps and complaint contacts. Also see APR vs interest rate: what loan apps really cost. For example, see our pages on Komac Investments & Finance and G.S. Leasing & Finance. National Pension System National Pension System […]
What happens if Bitcoin crashes to zero?
Bitcoin has mostly gone “up and to the right” for much of its existence, with its price climbing from essentially zero to as high as $60,000 in under a decade. The original cryptocurrency is now one of the largest currencies in the world, and in its short lifespan has become one of the most profitable assets of all time. Quick check: Check […]
FIRE – Financially Independent and Retire Early
The Financial Independence, Retire Early movement, or FIRE, is a group of people trying to gain financial independence by amassing enough wealth and cutting their expenses so that they can retire extremely early. Many FIRE proponents are looking to retire in their 30s or 40s. Shockingly, 67% retirees work to earn bread and butter and […]
What if Bitcoin crashes to zero?
Bitcoin has mostly gone “up and to the right” for much of its existence, with its price climbing from essentially zero to as high as $60,000 in under a decade. The original cryptocurrency is now one of the largest currencies in the world, and in its short lifespan has become one of the most profitable assets of all time. Quick check: Check […]
Will VPF be a good choice for Retirement Saving?
VPF is a voluntary increase in the contribution towards PF, with no matching contribution from the employer. Since the amount is deducted even before the salary is paid, it is a disciplined way to invest. The investment earns a fixed interest each year, as declared by the government. The contributions are also eligible for deduction […]
How to manage an Illiquid Investment?
When an asset or item is liquid it can easily change hands because there is little friction to the trading process and little or no price discovery. Some examples of liquid assets include cash, bit coin, publicly traded stocks, many exchange-traded funds (ETFs), and most municipal and government bonds. On the other hand, illiquid investments […]
How to Merge EPF Accounts?
Multiple job changes typically result in multiple Employee Provident Fund (EPF) accounts being opened, one with each employer. With the introduction of the UAN (Universal Account Number), it is possible to consolidate multiple accounts into one single account for each EPFO member. Retirement fund body EPFO offers a facility to its members that allows consolidation […]