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Financial Planning

Pros and cons of GST

The Government of India, in their effort to simplify the taxation process and bring transparency into the system, will soon introduce Goods and Services Tax (GST) in India. Like any other system, GST has its own pros and cons. Let’s have a look at both the sides of the coin: Pros Cons Improvement in business: […]

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How will GST change the taxation in India?

In India, there are over 20 types of taxes that we pay to the government. These can be broadly classified as direct tax, indirect tax, surcharges and cess. All business owners are aware of the amount of different taxes deposited by them apart from income tax. Before a business decides to expand or start a […]

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Five important things to know about GST

In order to reform the indirect taxation in India, the government has introduced the Goods and Services Tax (GST) which will merge several Central and State taxes into a single tax and help avoid cascading or double taxation. The list of taxes that will be amalgamated under GST are: Central Excise Duty Service Tax Countervailing […]

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Should you opt for lump sum investment or SIP?

While determining whether you should invest through lump sum amounts or through a systematic investment plan (SIP) approach, you should look at a number of factors like your cash flow needs, appetite for risk, financial goals and knowledge of markets before settling on a method. Even if you invest the same amount of money under […]

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First Job? Here’s how to invest your first salary

When you start working, your salary feels like your ticket to freedom. It’s the one thing that is yours and yours alone, and you can choose how to spend it as you please. This is probably one of the reasons why most youngsters live from paycheck to paycheck. Since your financial journey begins with your […]

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7 Ways to Reduce Healthcare Costs in Retirement

Regardless of your physical condition, you may have healthcare costs post retirement. It needs a well-planned approach to minimise its effects on your retirement corpus. There are several ways in which healthcare costs can be lowered. Here are seven tips to help to reduce these costs: Appropriate Health Insurance plan* Finding a health insurance plan […]

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Using tax saving instruments to meet financial goals

The month of April is the time to submit the Investment Declaration to your employer. This lays down the foundation of the tax to be deducted from your salary every month. Section 192 of the Income Tax Act, 1961 mandates the employer to hold back taxes at the time of payment of monthly salary. The […]

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Tips for last minute tax savers

March is that time of the year when the accounts department of your organization starts sending out reminder emails to employees for submitting the investment proofs. You had submitted an optimistic investment declaration at the beginning of the financial year, but this is the moment of truth. You probably managed to invest some money in […]

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5 Tax-Efficient Portfolio Tips for High Income Earners

With great income comes great responsibility. Being a high-income earner (or HIE) has its own set of challenges. There is a certain lifestyle that needs to be maintained and an inherent need to improve returns on investment post-tax. While the fundamental strategies of investment like, setting goals, investment horizon and the risk-return ratio of your […]

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How to deal with a financial crisis?

Financial crises can happen to anyone, and sometimes for no fault of theirs. It could be brought on by a layoff, sudden medical expense, loss of the main breadwinner, business failure, or even investments that have gone bad. If you find yourself in the middle of one, here are some pragmatic steps to help you […]

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