Category: Finances

As per Budget 2020, dividend income from shares and mutual funds is taxable in the hand of recipient as per applicable tax slab. This means the dividend income which was earlier tax exempted has become taxable. Additionally, any dividend income above Rs.5000 in a financial year will attract tax deduction at source. Many Dividend Mutual…

Loan Default – Recently I got one email from one reader saying his financial condition is not good he is unable to pay the loan on time. What happens in the case of loan default? Well, as per rule when you take a loan, you have to repay the loan on time via EMI. However,…

Intraday Trading and Delivery Trading are two different types of trades used in the stock market. Intraday trading and delivery trading both have different modus operandi. It is generally seen that people who wants to earn money in the short time prefers Intraday trading and long term investor prefers delivery trading. In this post, we…

Download Income Tax Calculator FY 2020-21 (AY 2021-22) in Excel Format. This calculator is designed to work with both old and new tax slab rates released in the budget 2020. You can calculate your tax liabilities as per old and new tax slab. It will help you to make an informed decision to opt for…

Now you can change NPS fund manager online on NSDL Website. In addition to changing the fund manager, you can also change the investment choice of NPS. i.e Active or Auto choice. You can also switch your allocation between Equity (E), Corporate Bonds (C), and Government Securities (G). This facility will surely help NPS investors…

Resident Foreign Currency Account (RFC Account) is a special bank account that can be maintained by resident Indians in foreign currency. NRI returning to India always worried about what to do with foreign assets and money earned in foreign currency. Common questions asked by NRI’s are – Can I hold foreign currency after returning to…

How to do Income Tax Calculation for FY 2020-21? Which Tax Structure to Select? Here is answer of these questions! As per budget 2020, you cannot claim any tax deduction or exemption if you plan to opt new tax structure. So, as an individual tax payer if you opt for the new tax regime with…

Union Budget 2020-21 is released by Finance Minister Nirmala Sitharaman. Income Tax Slab for FY 2020-21 is revised in new budget. Now you need not to pay tax for income up to 5 Lakh. Additionally tax percentage is also changed. At first instance it seems to be very good budget for middle class. But, it’s…

A quant fund is a new concept in India. Quant Fund is a type of mutual fund that is managed using quantitative analysis and artificial intelligence. As you are aware that mutual funds are managed by the fund managers. A fund manager invests money based on research analysis and investment strategies. This means investment decision…

NPS (National Pension Scheme) is the most popular investment option for tax-saving and retirement. You can claim additional tax benefits under section 80CCD for contribution to the NPS account. I opened my NPS account last year. A few days back I received one SMS – “You have not contributed Rs.1000 in FY 19-20 in your…