As an Indian taxpayer, it’s imperative to file your Income Tax Returns (ITR) annually. The ITR encompasses details of your annual income and the corresponding tax payable to the government for that year. Individuals continually seek effective methods to minimize their tax liabilities. Through prudent tax planning, you can achieve substantial long-term savings. Smart tax … Read more
In our traditional society, 60 years was the base retirement age. But with changing times, more individuals are challenging this age limit and opting for early retirement. Many experts have been encouraging the pursuit of financial independence, with the objective of achieving early retirement — commonly referred to as FIRE (Financial Independence, Retire Early). The … Read more
Tax season often brings a frantic rush of investments in tax-saving instruments, but a strategic approach to tax planning can significantly enhance your financial health. This detailed guide will delve into incorporating tax planning into your broader financial strategy, which can result in improved investment choices and, ultimately, wealth accumulation. Understanding the Integration of Tax … Read more
As you step into the realm of living independently for the first time, you’re faced with the thrilling prospect of creating your own space and rules. This transition, though filled with potential, can be laden with unexpected challenges. Navigating these with poise requires adopting specific strategies. This guide from groyourwealth.com offers essential practices that promise … Read more
My name is Veer, and I work in the private sector, earning Rs 59,000 in hand, and have two personal loans of Rs 3.6 lakh pending, with EMIs of Rs 9,200 till January 2028, and another with EMI of Rs 5,500 for two years more. I am planning to switch jobs in two months and … Read more
Recently, the BSE Sensex crossed the significant threshold of 70,000 points for the first time ever. Such a landmark event has tremendous implications for both individual and institutional investors. It is crucial for investors to strategise their future investments smartly. The piece helps you understand what investors could do in this bullish market. It is … Read more
I am a 30-year-old married woman with two daughters, and I earn Rs 90,000 per month. I give my parents around Rs 20,000 to Rs 25,000 for their monthly expenses. My parents have a debt of around Rs 12 lakh and an income source of Rs 10 000 per month. Now it’s my responsibility to … Read more
Mrin Agarwal, Founder, Director, Finsafe, says “there are conservative, moderate and aggressive risk profiles. Someone who is aggressive means that they want their money to grow and they are willing to take a lot of risks to get their money to grow. Someone who is conservative means that they do not want to take risk … Read more
As we complete the first six months of 2023, what is clear is that it has been a story of two halves. The first 3 months were characterised by the banking crises in the US and Europe and the lingering effects of the interest rate actions by the Federal Reserve in the US. The last … Read more
Feeling jittery over market ups & downs? Investors can look to invest here for decent gains As interest rates have peaked and with no immediate rate cuts in sight, investors can take advantage of the debt schemes by locking their investments at the prevailing high rates. For short term needs, liquid funds could be a … Read more