Making mistakes when you buy a financial product is very common for investors. So, in this article we’ll be discussing life insurance mistakes to avoid when buying a policy. It’s gruesome when the product is life insurance. Imagine you think you are efficiently insured when actually you are not and your family ends up withRead More
How is Income from House Property Calculated
The Income Tax Act of India has five heads of income, of which “Income from House Property” is one of them. This article teaches- how to find the income from the home you own or how is income from house property calculated In order to calculate the income from house property, one needs to knowRead More
What is Annual Value of House Property ?
The Income Tax Act of India has five heads of income, of which “Income from House Property” is one of them. In order to calculate the income from house property, one needs to know the annual value of the property. The annual value of a house property is the basis to calculate income under thisRead More
Section 80C Deductions to Save Income Tax
This article explains how the income tax Section 80c deductions of the Income Tax (IT) Act can help reduce your income tax liability in your yearly financial planning. Though most of us use some of the deductions under Section 80C each year, we might be doing so unknowingly. Read on to understand what are theRead More
5 Heads of Income – Indian Income Tax Act
Income is classified under five heads in the Indian Income Tax Act. Each year, you or your qualified chartered accountant is expected to put all your earnings or incomes under these 5 heads of income for calculating tax. Here is a small primer of what these 5 heads of income mean and what all theyRead More
Queries on life insurance answered
Here are some common life insurance queries that investors from India have. This is part of a series of common doubts investors have on life insurance policies. Today’s questions relate to how much life insurance a person can take; whether it is valid outside India; will claims be allowed if premium is unpaid; can theRead More