4 Simple yet Powerful Tips for Last-Minute Tax Planning
You know about the timelines for investment proof submission to employer. You also know that non-submission of proofs can lead to higher TDS and low take-home income. Still, procrastination as a habit dies hard and you may feel stuck in the same situation as you were...
Learn About the Exit Related Procedures and Formalities in National Pension System
NPS is a long-term investment with a lengthy lock-in to help the wealth grow and create a decent retirement corpus. It also has well-defined procedures for all its service processes in line with its commitment to provide seamless service delivery to investors. This...
Learn About the Rules Regarding Annuities in National Pension System
As per the National Pension System (NPS) rules, subscribers need to buy an annuity at the time of exit from NPS. Buying an annuity means that your money will be invested with an insurance company, and you will receive monthly payments as a return from your investment....
Learn About the Rules Regarding Exit From National Pension System
Investing for retirement is a long-term commitment and a very critical one too. At the time of investing, you want some clarity on the rules of exit from the scheme. The exit/withdrawal-related rules are contained in the PFRDA (Exits and Withdrawals under NPS)...
Learn All About Investment Choices & Asset Allocation in National Pension System
National Pension System is a superb low-cost investment avenue for young earners to help them start planning early for their retirement systematically and efficiently. NPS offers a lot of choices to investors. One such choice is the choice regarding asset allocation....
Learn How to Open a National Pension System (NPS) Account – Online or Offline
National Pension System is a low-cost and tax-efficient investment avenue for young investors to help them plan their retirement. It can really benefit young investors to open this account early on in their financial journey to reap the most out of their savings. The...
Term Insurance vs Traditional Insurance – Which is better?
You have decided that you need to purchase insurance to protect your family. Great step. We congratulate you for taking this first step in securing your family's financial future. But when you move out in the market searching for the right insurance plans, you must...
4-Point Checklist to help you select the best ELSS scheme
ELSS is undoubtedly an excellent option for young & first-time investors who want to save tax and also grow their wealth over the long term. However, the available options nowadays in the market are enough to drive even seasoned investors crazy. And the tons of...
5 crucial reasons why ELSS should be the first choice for young investors
As a young investor, you know the freedom that comes in earning money for yourself…. However, with freedom comes the responsibility of saving & investing your money in the right avenues to build a secure financial future. To do this, at Finbingo, we highly recommend...
4 solid reasons why young investors should choose ELSS over ULIP
At Finbingo, we believe that your tax-saving investments should also help you grow your wealth… Equity has given the highest returns over a long period…hence if you want to grow wealth, you must consider investing in equity for the long term. Coming to equity...
3 Action Points to help you avoid the tax impact
Missed making tax-saving investments this time? You will agree that it has been a chaotic year for everyone… People have lost jobs, had to undergo pay cuts, had to relocate to smaller cities & whatnot… In all this, it’s entirely understandable and human to go...
Tax Saving Investment Opportunities – How they stack up in 2021
Investors are getting ready for making their tax saving investments for 2020 – 2021. While there are a plethora of investment opportunities, tax saving instruments need to be carefully chosen so that investors create wealth in the long term and don’t end up losing...
Budget 2021: Bring Covid Rebate against Income tax
Rebate in income tax is a direct discount from tax. Suppose if your gross tax liability is Rs. 10,000/- and you have claimed a rebate of say, Rs.5000/-, your net tax liability shall be Rs.5000/- only. The income tax law has always favoured tax rebate for small...
UltraSafe Savings Schemes of the Central Government
Ultra-Safe Savings Schemes of the Central GovernmentIn times like Covid-19 crisis, when financial markets and their future looks uncertain, we look for safe ways to keep our money. In such pursuit, we tend to trade the growth of money for the safety of our hard-earned...
Taxation of ESOPs – Recent Changes
Allotment of ownership stake or shares to the important employees of an organisation has become a significant part of corporate human resources culture in India. This is institutionalised through Employee Stock Options Plan (ESOPs) wherein the company offers shares at...
Pradhan Mantri Vaya Vandana Yojana PMVVY – Modified- 2020
Modification of Pradhan Mantri Vaya Vandana Yojana (PMVVY) by LIC of IndiaThe Life Insurance Corporation (LIC) of India has introduced Pradhan Mantri Vaya Vandana Yojana (PMVVY) (Modified- 2020) which is applicable to resident Indian senior citizens (age...
Tax-Free Bonds in India
Tax-Free Bonds in India are issued by Government to collect money for long term projects like Construction projects, Railway projects or any other project which government may think of. Government takes the money & gives interest to investors annually. Government...
Partial Withdrawal from NPS for COVID-19
PFRDA - The Pension Fund Regulatory and Development Authority has allowed investors to partially withdraw money from their Tier-I NPS -National Pension System accounts to meet expenses related to treatment of coronavirus infection. Here are the FAQs for the same. Q....