HRA and its tax impact
House Rent Allowance or HRA is one of the main salary components of an individual. A salaried employee staying in a rented house can claim HRA from his employer and avail of an income tax exemption under section 10(13A) of the income tax act.
How to pay less on your Health Insurance cover
I am sure this post will grab many eyeballs because of its title – considering how price sensitive we Indians are :).
A low P/E does not mean that the share is cheap
Mr. Chaturvedi is a businessman and also takes keen interest in the stock markets. He has a varied portfolio of stocks which he tracks in his free time. He gets most of the investment tips by reading financial newspapers and through business news TV channels. Last week, there was a sudden dip in the stock index owing to which shares of a few known companies were available at a lower market price. One of the industry experts on one of the TV channels recommended a few shares for investment as they had a low P/E and were trading at a discount due to the market correction. Satisfied with the explanation and glad to have been able to time the market effectively, Mr. Chaturvedi promptly invested in the recommended shares.
Was he right in doing this or should he have done more research? Let us analyse this.
Renting Vs. Buying a house
Owning a house is one of the most important financial goals for the common man; and also one which requires a huge monetary commitment. Buying one’s first house for self occupation is regarded more as an asset than an investment made for capital appreciation or gains. But the sky rocketing real estate prices, especially in metro cities like Mumbai, Delhi and Bangalore have made investing in a property almost impossible. Here comes the dilemma- Whether one should still go ahead, take a huge loan, compromise on your lifestyle and cut down other expenses to service the sizeable monthly loan installment for almost their entire working life, or simply go in for the more affordable rental accommodation?
Ensuring a smooth intergenerational transfer
Life is uncertain, and one is always worried about leaving behind enough to ensure financial security for the family in case he or she is not around to take care of them. Apart from ensuring that one is adequately covered with life insurance and planning investments and savings for the future, it is also important to ensure smooth transition of finances and benefits to the family in the event of an untimely demise of the primary earning family member.
Now you can make an insurance claim on your ayurvedic treatment too
Traditional systems of medicines such as ayurveda, unani, siddha and homeopathy have been used in India since ancient times. Now, the whole world has realized its benefits and is slowly moving to herbal drugs for treatment. In India, more than 60 % of the physicians are non-allopathic practitioners.
Sriraksha Financial Planning Services 