Retirement is one of the most important stages of any employment which every individual has to undergo this phase. There are different ways to pass this phase happily and smoothly like investing in mutual funds, stocks, real estate but one of the most common instruments amongst them are EPF and NPS. The recent buzz by…
It is a huge decision to buy a house. When you are taking such a big decision, you need to be well-prepared and take the right path. The first thing to do is to accumulate enough before making any down payment to avoid financial risks. Never take the below listed financial decisions to makeup for…
Who doesn’t prefer leisure over work? Early retirement is a distant dream for most millennials. Convert this dream into reality with a better retirement plan. Here are 3 smart money moves that can help you with early retirement. Plan well to enjoy comfortable retired life! Start With Early Investments: It is quite essential to start…
For many earning professionals, salary slip could be an unsolved puzzle with confusing figures and terms. Don’t let it remain so, it is important that you understand pay slip. Here, we help you decode and learn about the components of a salary slip and what goes into the famous word “CTC”, cost to the company!…
It has been observed that though the employees are informed well in advance at the start of the financial year, the action usually starts from dec till march end. People do not make any attempt to understand pros and cons of the financial products before purchasing but end up investing or purchasing non productive insurance…
OBJECTIVE The achievement and fulfillment of a Retirement “Vision’ is to make it a Holy “mission”, because as important is the objective, so important is also the means to achieve and fulfill the objective. In simple words, the objective of planning for retirement is to create a “Retirement Corpus/Fund” and the means to fulfill/achieve the…
National Pension Scheme – NPS vs PF, Which One Is Better? Provident Fund and NPS are two retirement instruments that take care of post retirement life of a salaried employee, be it from public or private sector. It has two components to it, one is the contribution of the employee and the other a matching…
The Employer Provident Fund plays a very important role in building up the corpus to be used during the post-retirement phase of one’s life. It is by far the easiest way to invest. The fixed returns and the taxability feature also make it an attractive option to invest in. However, a lot of us tend…
NPS Shows How to Save Money in India National Pension Scheme (NPS) and Employee Provident Fund (EPF) are designed for working professionals to save for their retirement. Recent budget proposed that employees can either choose EPF or NPS for accumulation of retirement corpus. NPS has distinct features compared to EPF in various ways. So, it…
Most of the salaried professionals commit financial mistakes during the Tax Season due to lack of awareness regarding the deductions available under Section 80 of IT act. People under-utilize the benefits of Section 80 act and end up buying a wrong financial instrument for Tax saving which would have a bad impact on their personal…