Blogs

SALARIES

Proforma for computation of income under the head “Salaries” as per default tax regime under section 115BAC (New)       Particulars   Amt (`)   (i) Basic Salary   xxx   (ii) Fees/Commission   xxx   (iii) Bonus   xxx   (iv) Allowances:         (a) Dearness Allowance [Fully taxable]   xxx … Read more

Riders – HEALTH INSURANCE

SOURCES OF THIS BLOG Plan Type Riders Available  Medicare Premier, 1. Women Suraksha  (She Care+, Polycystic Ovarian Cover  , Women+ Screening & Vaccination Cover  )2. Restore Infinity Plus  (inbuild – mandatory)3. Inflation Protect  (inbuild – mandatory)4.Cancer Benefit  5. Pocket Saver  (Out-patient Treatment , OPD Treatment – Dental  , OPD Vision Care  , OPD Pharmacy  , High End Diagnostics, OPD Physiotherapy Benefit  , Medical Device Cover )6. Voluntary … Read more

TDS (TAX DEDUCTED AT SOURCE) REFUND

TDS (Tax Deducted at Source) deducted in March will typically be reflected in your PAN account (Form 26AS or AIS) after the deductor files the TDS return for the fourth quarter (January to March). Timeline for Reflection in PAN (Form 26AS/AIS) You can check your Form 26AS or AIS (Annual Information Statement) on the Income … Read more

WHY SAVINGS POLICIES MAY NOT BEAT INFLATION

Whether investing in savings policies is “worth it” compared to the inflation rate is a complex question that depends on several factors. Here’s a breakdown of the key considerations: Understanding the Relationship INFLATION & Interest Rates Choosing the Right Investment Based on Your Risk Appetite Investment Goals: Diversification: Why Savings Policies May Not Beat Inflation: … Read more

ADVANTAGES & DISADVANTAGES OF TERM INSURANCE

ADVANTAGES OF TERM INSURANCE: Term insurance offers several benefits, making it a popular choice for financial protection. Here are the key advantages of term insurance: 1. Affordable Premiums 2. High Coverage Amount 3. Financial Protection for Family 4. Flexible Policy Terms 5. Tax Benefits 6. Riders for Enhanced Protection 7. Simple and Transparent 8. Peace … Read more

Tata AIA Life Insurance Fortune Pro

Non-Participating, Unit Linked, Individual Life Insurance Savings Plan 1. What is this policy about? 2. How does it work? 3. Key Features 4. What happens at maturity? 5. What happens if you pass away? Example: 6. Can you take out money before maturity? 7. What happens if you stop paying? 8. Extra Benefits in the … Read more