An individual will have to pay tax on the maturity amount of life insurance policies where the aggregate annual premium exceeds Rs 5 lakh, according to a Budget proposal presented on Wednesday.......
Those who have crossed 50 must show the greatest urgency.They need to achieve a corpus that can sustain them and their spouses for at least 25-30 years after retirement, advises Bindisha Sarang.......
People who are close to retirement and don't intend to go back to full-time work should deploy a part of their VRS money in equities so that it keeps growing at a faster rate, suggest Bindisha......
Many would have racked up debt this Diwali, using credit cards and consumer loans. Here are a few simple steps on how to fix your financial mess, says Bindisha Sarang. Illustration:......
A person in the 30% income tax bracket with a Rs 40 lakh home loan at 9% interest rate would, under the Rs 3.5 lakh interest exemption, will save Rs 105,000 in tax in the first year, against Rs......