InvestmentKit.com Articles

Sathish GL (35) has humble origins. His father did not own a house, nor a vehicle, but he shielded his family from the monetary vagaries. They  had no idea about his income or investments. All they knew is that there was no shortage of funds for education. These days, it is wiser to make the [...]

Insurance mortality tables accord a higher life expectancy for women, and thus pass on the benefit of lower premiums to them. This obviously means that women are expected to outlive men.
Look around you and you will find this true. However, women seem to abhor managing money in a structured fashion. They are excellent at managing [...]

The removal of service tax on premium allocation charges will increase the investible amount.
Unit-linked insurance plans (Ulips), which have faced a lot of flak from financial advisers due to their high costs, are likely to get cheaper after the Union Budget.
The finance minister on Friday excluded Ulips from service tax on all costs except fund [...]

The IT department has alerted tax-payers against sharing personal financial information like PAN card number and credit cards details on the internet in the wake of a spurt in fake e-mails being sent to people.
Concerned over fictitious and unauthorised e-mails landing in personal internet addresses of many people, the department has issued an "alert message".
The [...]

Mutual funds not only manage our money but also offer us various easy to use tools that are aimed at improving our investment experience.
Most of us know systematic investment plan, where we invest at regular intervals. But few are aware of systematic transfer plan (STP).
Under STP, at regular intervals, an amount you opt for is [...]

Conventionally people were either bulldozed into buying an insurance policy by persistent agents or were statutorily required to buy one. As a result, there is a mental block against insurance. The soaring Sensex did spark an interest in unit-linked insurance plans as agents positioned insurance as an investment channel rather than a protection. But a [...]

Small investors are perpetually in search of investment avenues that give regular and high returns. Many investors, particularly, small investors, face this challenge. An interesting option available, that is good in today's markets, is the monthly income plans (MIPs) floated by various mutual funds. Many investors are opting for MIPs. MIPs are hybrid investments that [...]

Most tax-saving schemes provide both high returns and high security. So, it makes sense to use all the provisions available to save tax while earning money.
The single most important provision is Section 80C. Under it, one can invest up to Rs 1 lakh in approved schemes and save taxes up to Rs 30,900. The investment [...]

Union Budget 2010: Tax impact for resident senior citizens

Tax Impact for Resident Senior Citizens

Gross Total Income (Rs)

3,00,000

5,00,000

A.Y. 2010-11

A.Y. 2011-12

A.Y. 2010-11

A.Y. 2011-12

Gross Income

300000

300000

500000

500000

Tax Benefit u/s 80C

100000

100000

100000

100000

Tx exemption under Infra Bonds

20000

20000

Net Taxable Income post sec. 80C

200000

180000

400000

380000

Income Exempt from Tax as per slabs

240000

240000

240000

240000

Taxable Amount [...]

Union Budget 2010: Tax impact for resident woman below 65 years of age

doweshowbellyad = 0;

Tax Impact for Resident Woman below 65 years of age

Gross Total Income (Rs)

3,00,000

5,00,000

A.Y. 2010-11

A.Y. 2011-12

A.Y. 2010-11

A.Y. 2011-12

Gross Income

300000

300000

500000

500000

Tax Benefit u/s 80C

100000

100000

100000

100000

Tx exemption under Infra Bonds

20000

20000

Net Taxable Income post sec. 80C

200000

180000 [...]

Union Budget 2010: Tax impact for resident individuals and HUF

doweshowbellyad = 0;

Tax Impact for Resident Individuals and Hindu Undivided Families

Gross Total Income (Rs)

3,00,000

5,00,000

A.Y. 2010-11

A.Y. 2011-12

A.Y. 2010-11

A.Y. 2011-12

Gross Income

300000

300000

500000

500000

Tax Benefit u/s 80C

100000

100000

100000

100000

Tx exemption under Infra Bonds

20000

20000

Net Taxable Income post sec. 80C

200000

180000

400000

380000

Income Exempt [...]

Tax Impact for Resident Senior Citizens
 

doweshowbellyad = 0;

Tax Impact for Resident Senior Citizens

Gross Total Income (Rs)

3,00,000

5,00,000

A.Y. 2010-11

A.Y. 2011-12

A.Y. 2010-11

A.Y. 2011-12

Gross Income

300000

300000

500000

500000

Tax Benefit u/s 80C

100000

100000

100000

100000

Tx exemption under Infra Bonds

20000

20000

Net Taxable Income post sec. 80C

200000

180000

400000

380000

Income Exempt from Tax as per slabs

240000

240000

240000

240000

Taxable Amount [...]

Banks want a guarantor for educational loans of Rs 4 lakh and even a collateral for amounts exceeding Rs 7.5 lakh.
With the exam season back, many students are already getting ready for various exams to pursue higher education. And while the children are busy buring the midnight oil, many parents would be concentrating on getting [...]

March 31 is a significant date in India since the Indian financial year ends on that date. The income of the period April 1 to March 31 is considered your income for the financial year and you have to pay tax on this income.
If you are a salaried individual, you may be required to give [...]

Tax Planning for Financial Year 2009-2010
Learn about the best tax saving investments and options for the current assessment year (AY 2010-11).
During the last few months of a financial year you see people making last moment impulse decisions to invest in tax saving instruments and in the process they may end up buying products which [...]

What is dividend income?
Dividend is the portion of profits that a company distributes among its shareholders in the form of cash. Usually it is expressed per share. In some cases it is expressed as a percentage of the share’s face value. So if your company declares a 100% dividend, you will get an amount equal [...]

First started in 1924 by three Boston money managers, the mutual fund industry has grown into one of the biggest industries in the world. Not only in size, but also product offerings have gone up.
This has led to confusion in the mind of investors on how to select the appropriate mutual fund scheme. In this [...]

We all can work out our basic expenses based on how much we spend currently, but to plan for the future, we need to factor in inflation or the rate of price increase.
On the face of it, India experiences a modest inflation. But that perception is quite misleading because India is possibly one of the [...]

It often happens that the first-time investors take to investing in shares motivated by the fascination toward the stock market, and in most of the cases they ignore the rationale behind a rise or fall of a company’s share. It is not always the case that whoever enters the stock market, leaves with a neat [...]

Every purchase of gold will not part-finance your retirement years. Like all the other important ones (and god knows this one won’t come cheap), your relationship with gold needs a lot of self-awareness. The best way to make gold work hard for you is think a bit hard why you want it and how you [...]