This union budget, there is a demand to reduce the tax burden and rather give more tax exemptions to those who take health insurance.
PPF remains the top choice for investors for several benefits like guranteed returns, effective tax saving and accumulation of funds for retirement
Gen Z (18-24 years) and Gen Y (25-30 years) account for the majority of first-time investors
Senior citizens looking for ways to save tax before the end of the financial year are advised to avoid any life insurance product
It is essential to maintain the right balance between savings and investments allocation to build your wealth
Consider the fund's long-term performance before investing in an ELSS plan or systematic investment plan
Tax-savings should be viewed as an additional advantage that we receive from the financial products we invest in
Instead of planning tax savings investments towards the end, you should do this on time to optimize your investment returns and manage liquidity
The regulator has suggested to the government to double the annual tax benefit of Rs 50,000 for NPS
Gifts received and loans (with or without interest) from relatives in the form of money, jewellery, property, vehicle, etc. are tax-free