HOW TO SAVE MONEY WHEN YOU HAVE LOW INCOME
How to file ITR-1 with salary, income from house property and other sources for FY 2023-24 (AY 2024-25) File ITR-1 online: Here is a step by step guide on how salaried individuals can file their income tax return using ITR-1 form easily on the income tax department's e-filing website. ITR-1 form is also known as Sahaj. Individuals having income from s...
02 Jul, 2024, 01.24 PM ISTRBI Floating Rate Savings Bond interest for July-December 2024 announced: What is the latest interest rate, when will you get it? RBI Floating Rate Savings Bond interest rate announced: The Reserve Bank of India has notified the interest rate of RBI Floating Rate Savings Bond (FRSB) 2020 (Taxable) from July 1 to December 31 2024. As the name suggests, the interest rate of RBI ...
01 Jul, 2024, 04.37 PM ISTTips to save money when you have a low income When income is low, the ability to save is also limited. For savers like Nitin, tax-saving instruments under Section 80C may be the primary way to accumulate savings.
24 Jun, 2024, 06.30 AM IST- ADVERTISEMENT
Income tax saving: Sold land, house or jewellery? Know how indexation benefit can help you lower your long-term capital gains Capital gains taxation: You can save your net capital gains tax outgo by using indexation benefits allowed by income tax laws. File ITR now and pay a lower amount of capital gains tax. However do note only long term capital gains are eligible for in...
22 Jun, 2024, 05.59 PM ISTHow to save Rs 1 crore with a monthly salary of Rs 50,000 Accumulating a Rs 1 crore corpus might seem like a distant dream for someone earning Rs 50,000 a month. However, with discipline and a strategic approach, it is achievable. Experts recommend systematic investment plans (SIPs) in equity mutual funds ...
22 Jun, 2024, 02.03 PM ISTHow to save Rs 1 crore in 10 years, 15 years, 20 years: Check how much you need to invest every month Path to becoming a crorepati? Owning Rs 1 crore is an investor's dream. Strategic investments, like SIPs in equity funds, can help reach that goal. Regular investing and a long-term view are crucial. Even a Rs 1,000 SIP can grow substantially over t...
22 Jun, 2024, 12.55 PM ISTShould you file ITR if your income is less than Rs 7 lakh with nil income tax? Income tax return: Taxpayers have to file ITR if their income level exceeds the basic exemption limit or they have conducted certain specified transactions. Experts say that most taxpayers have a misunderstanding that if tax is not payable then fili...
18 Jun, 2024, 01.11 PM ISTThe Life Insurance Rule: How much money will your family need if your income stops? Life insurance rule: A common rule of thumb for life insurance coverage is to have a life insurance policy that is at least 10 times your current income. This coverage should take into account any outstanding debts and loans you have. By following t...
13 Jun, 2024, 11.39 AM ISTTaking a home loan? 5 ways you can reduce cost of borrowing and save money The longer the tenure of a loan, the higher the interest burden. Home loan rates will not come down as the RBI has kept policy rates unchanged. If you are planning to buy a house with a loan, ET Wealth suggests some ways to reduce the cost of borrow...
10 Jun, 2024, 06.30 AM ISTITR filing: Compare your tax outgo in old and new tax regime before finalising one for FY24 Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments. TaxSpanner estimates that Vivek Jaiswal can have a surplus of almost Rs.60,000 if his salary is rejigged to include tax-free p...
10 Jun, 2024, 06.30 AM ISTStock investing - have you found your investing style? Understanding different investing styles is crucial for long-term success in stock investing. Whether it's quality, value, momentum, low volatility, or sentiment, investors must align their strategy with their preferences and comfort to navigate the...
01 Jun, 2024, 12.34 PM ISTHow to save Rs 1 crore with a monthly salary of Rs 25,000 Building a Rs 1 crore corpus with a Rs 25,000 salary requires discipline and time. Experts recommend consistent investment in equity mutual funds via SIPs for long-term wealth creation. Starting early and increasing SIP contributions can accelerate ...
23 May, 2024, 03.07 PM ISTHow to grow your money: 6 investing thumb rules to become wealthier Financial thumb rules: Here are 6 thumb rules of investing to help you become a successful and wealthy investor.
22 May, 2024, 12.03 PM ISTSaving Rs 1 crore could be easy if you know this trick: How to become a crorepati with an SIP of Rs 5,400 per month Most of you are familiar with systematic investment plans (SIPs) — disciplined investments in mutual funds. You need to use certain tips and tricks of SIP to achieve your financial target quickly. Here comes top-up SIP or step-up SIP. While traditio...
20 May, 2024, 03.15 PM ISTWhere should you invest when saving for retirement? The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk...
20 May, 2024, 06.30 AM IST80% rule for retirement savings: How much money should you save to retire comfortably? Planning for retirement is crucial to avoid financial problems later in life. Experts recommend setting a savings goal and following some simple guidelines for a secure retirement. To achieve this, it's important to start saving early, manage debts,...
14 May, 2024, 11.20 AM ISTPlanning maternity breaks? How soon-to-be moms can make good financial plan Mother's day 2024: This year Mother's day is on May 12, 2024. If you are soon to be a mom or planning to be one in next year or so, then it is important to have a good financial plan. This is to ensure that as a woman you have financial security. Re...
11 May, 2024, 11.15 AM ISTLow charges, high returns, income tax benefits — 5 reasons to choose NPS for retirement planning The NPS for the general public completes 15 years this week. Over the years, the NPS has undergone many changes and become more investor friendly. The Pension Fund Regulatory and Development Authority (PFRDA) has made the scheme more flexible and in...
29 Apr, 2024, 06.30 AM ISTNPS is a long-term investment with very low costs, low risk profile: Rahul Bhagat, CEO, DSP Pension Fund Annuity should not be a sore point, because it offers a fixed and assured income for life. It is like a fixed deposit for the rest of your life. An annuity does away with the reinvestment risk and the risk of longevity. At least some part of the ret...
29 Apr, 2024, 06.30 AM ISTHow to save Rs 60,000 income tax with home loan, NPS, other perks Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments. You should also seek the NPS benefit under Section 80CCD(2), wherein up to 10% of the basic salary put in the NPS on behalf of...
18 Dec, 2023, 06.30 AM IST