Residential Status Demystified..After Latest Announcements
Executive Summary – It is important to ascertain the residential status of a person to find out the person's tax liability. A person of Indian origin can be a Resident or Non Resident. A Resident of India can be Resident and Ordinary Resident or Resident and...
What Do The New Changes In Health Insurance Mean To Me?
Summary: IRDAI has brought in some new rules in health insurance that bring in standard definitions, strict timelines for claims, and changes in inclusions and exclusions. This can mean enhanced coverage, standardised policies, a higher ratio of settled claims, and...
Insurance in Times of COVID-19
Summary: As we grapple with the COVID-19 pandemic, here is a brief overview of existing health insurance, new COVID-19 specific insurance policy and life insurance.
Book Review – The Art of Thinking Clearly by Rolf Dobelli
Ever wondered about fallacies in our thinking? And here is my review of the Book ‘The Art of Thinking Clearly’ by Rolf Dobelli. Although this book may not hold the key to happiness, at the very least it acts as insurance against too much...
Should I File Returns Under the New Tax Regime Or Old Tax Regime
Summary: The new tax regime offers lower tax slabs. But many deductions and exemptions available in the old tax regime cannot be availed of. In the new regime, you will have the freedom to invest in any instruments without worrying about tax benefits. But the old...
When Does Personal Finance Advice Not Work?
Summary: There is a lot of financial advice out there. Most of it is sensible. But you must not heed to it blindly. Income volatility, loan parameters, current financial situation, asset acquisition circumstances, and personal retirement plans may not allow you to...
Banks have revised FD Interest Rates and Home Loan Rates in February 2020
Summary: The RBI announced its monetary policy in February 2020. Though there were no rate cuts or changes in CRR, the other measures have given banks to have higher liquidity. Therefore banks such as SBI, BoB, etc. have amended interest rates on loans and FDs. The...
Highlights Of Budget 2020
Summary: Finance Minister, Nirmala Sitharaman presented the Union Budget 2020on the 1st of February, 2020. The main talking points that affect the common man are around changes in the income tax rates, taxation rules for NRIs and scrapping of Dividend Distribution...
What Should I Know Before Taking A Personal Loan
Summary: Personal loans are unsecured loans. They have a high interest rate and are given to people with high CIBIL score. It is best to avoid a personal loan if it is for a non-emergency or an impulse purchase. Loan against collateral and building an emergency...
When Does Personal Finance Advice Not Work?
Summary: There is a lot of financial advice out there. Most of it is sensible. But you must not heed to it blindly. Income volatility, loan parameters, current financial situation, asset acquisition circumstances, and personal retirement plans may not allow you to...
Banks have revised FD Interest Rates and Home Loan Rates in February 2020
Summary: The RBI announced its monetary policy in February 2020. Though there were no rate cuts or changes in CRR, the other measures have given banks to have higher liquidity. Therefore banks such as SBI, BoB, etc. have amended interest rates on loans and FDs. The...
Highlights Of Budget 2020
Summary: Finance Minister, Nirmala Sitharaman presented the Union Budget 2020on the 1st of February, 2020. The main talking points that affect the common man are around changes in the income tax rates, taxation rules for NRIs and scrapping of Dividend Distribution...
What Should I Know Before Taking A Personal Loan
Summary: Personal loans are unsecured loans. They have a high interest rate and are given to people with high CIBIL score. It is best to avoid a personal loan if it is for a non-emergency or an impulse purchase. Loan against collateral and building an emergency...
Antoine de Saint-Exupéry
A goal without a plan is just a wish!
