Income Tax Exemption Updates : For FY: 2016-17

80 C : Max limit  : 150000/- MF-ELSS, Pension Plans, Life Insurance, PF, PPF etc 80CCD : 50000/- NPS 80CCG : 25000/- or 50%  of your investment which ever is less  80D : 25000/-  Mediclaim Policy for self spouse, children  80D : 30000/- for dependent parents u/s-80D.  Medical reimbursement :- 15000/- US 17(2) 80DDB : Medical expense occurred…

Iron Rules of Money

Don’t leave home without these. No matter who you are, how much you earn, or how you invest, a few truths apply to you and your money. Spending money to show people how much money you have is the surest way to have less money. Singer Rihanna earns tens of millions of dollars, but found herself…

What is FATCA ? (Foreign Account Tax Compliance Act)

On July 9, 2015, U.S. Ambassador to India Richard Verma and Indian Revenue Secretary Shaktikanta Das signed an agreement to implement the Foreign Account Tax Compliance Act (FATCA). The agreement is designed to increase transparency between the two nations on tax matters. The agreement takes effect September 30 and underscores growing international cooperation to end…

Dare to Save ?

I regularly receive requests to help share with you what I do to save money.  It’s natural for me to save because I’ve actually worked too hard to reach where I am today. But I’ve realized that it’s okay to spend money in order to create memories (for example, all the traveling we do).  I…

What is your ‘Plan Z’ ?

We all have a plan ‘A’ for life, and maybe even a plan ‘B’. But knowing what your “Plan Z”, or last resort option, can help motivate you to go after what you really want from life. Visualizing the negatives gives you a stronger appreciation for what you already have, such as loved ones, good…

Are you prepared ?

Significant Future Income Increases is Unlikely. Get the most for your money. Accumulate few small savings over an extended period of time. Implementing this approach does not require you to sacrifice a particular activity or your quality of life, but it can maximize the cost-benefit of each.   More importantly, it gives you greater piece…

What are ‘Value Stocks’

Definition : The shares trading below their intrinsic value are considered value stocks and can be considered good investments. Investment Guru Benjamin Graham and Warren Buffett pioneered this concept. Value stocks may not be confused with penny stocks which trade at below par prices. Explanation : A value investor seeks under valued stocks ie stocks…