EPF is a popular savings scheme that has been introduced by the EPFO under the supervision of the Government of India. All Organizations with 20 or more employees are required by law to register for the EPF scheme, while those with fewer than 20 .......Continue Reading.....
Rebate under Section 87A AY 2021-22 | Is Sec 87A Tax Rebate Available under New Tax Regime?
Last updated: By Sreekanth Reddy 1 Comment
As per the Finance Bill 2019, the threshold limit of tax rebate u/s 87A was revised to Rs 12,500 for FY 2019-20. This tax rebate has been made applicable if an individual's (Resident Individuals including Senior Citizens) taxable income is less than or equal to Rs 5 Lakhs. The Finance Bill 2020 .......Continue Reading.....
Latest Post Office Small Saving Schemes Interest rates Jan – Mar 2021 | Q4 of FY 2020-21
Last updated: By Sreekanth Reddy Leave a Comment
The Reserve Bank of India (RBI) has been cutting the key policy rates to mitigate Covid-19 impact. Also, most of the banks and financial institutions have already been reducing the interest rates on their deposits schemes. So, as widely anticipated, the central Govt had announced a steep cut in .......Continue Reading.....
Treatment of Standard Deduction Rs 50000 under the New Tax Regime (FY 2020-21 / AY 2021-22)
Last updated: By Sreekanth Reddy 4 Comments
The Standard Deduction of Rs 40,000 was first made available in Budget 2018 (FY 2018-19 / AY 2019-20). It replaced the transport allowance Rs. 19,200 and medical reimbursement of Rs. 15,000 per annum. The Finance Bill 2019-20 had increased this deduction to Rs 50,000 for all salaried employees .......Continue Reading.....
Health Insurance Sec 80D Tax Deduction FY 2020-21 / AY 2021-22 | Can I claim 80D Tax Benefit under the New Tax Regime?
Last updated: By Sreekanth Reddy Leave a Comment
Health Insurance (or) Mediclaim insurance is a must-have for all. Considering the rate at which medical costs are rising, it is very important to have sufficient medical insurance coverage. The medical inflation in India is increasing at a significant rate, almost 12% to 15% year on year. Therefore, .......Continue Reading.....
LIC New Plans 2020 – 2021 List | Features, Snapshot & Review of all the Plans
Last updated: By Sreekanth Reddy 3 Comments
LIC has launched 4 new plans in the calendar year 2020 (till Dec 2020). In this post I have tried to list down the important features, details and my recommendations on all LIC New Plans that are launched in 2020-21. From January 2020 to till-date (8th Dec, 2020), LIC has launched two ULIP .......Continue Reading.....
Am I supposed to pay Tax on Forex transactions? | TCS on Foreign Remittances
Last updated: By Sudindra V R Leave a Comment
Am I supposed to pay tax on my Forex transaction? What is the maximum permissible limit of the amount in Foreign Remittances? Am I required to report all my transactions to RBI?.... All these are the common questions that come to every individual who is involved in a foreign exchange transaction. .......Continue Reading.....
Changing Indian Investor Perceptions – Local to Global?
Last updated: By Gursimran Singh 1 Comment
ICICI Securities, Motilal Oswal, Zerodha, Kuvera… Be a full-fledged broking house or a discount broker, all are being too ambitious and competing to offer overseas trading facilities at minimal cost. Courtesy to new generation platforms like Vested Finance or interactive brokers, savvy investors are .......Continue Reading.....
Real-Estate
Property Sale Agreement Vs Sale Deed Vs Property Mutation | Differences & Importance
REIT Vs Real Estate Crowd Funding | Should you consider ‘Fractional Real Estate Investments’?
Cost Inflation Index FY 2020-21 / AY 2021-22
Latest BDA Plots E-auction 2020-21 | Details & Online Procedure
Cost Inflation Index FY 2019-20 / AY 2020-21
How to save Tax on Rental Income in India?
Is Rs 1.5 lakh additional Home Loan Tax Deduction really beneficial? | New Section 80EEA
Budget 2019 – Rs 1.5 lakh Additional Income Tax deduction on affordable home loans | Section 80EEA
What is Repo Linked Lending Rate (RLLR)? Will it be beneficial to the Borrowers? | Definition, components & review
Financial Planning
List of Best Investment Options in India
Retirement Planning in 3 Easy steps
Calculate how much you need to invest for your Kid’s Education
5 Personal Financial Mistakes that I have committed…!
National Pension Scheme (NPS) – Why it is not a good Investment Option?
My 6 Core Personal Financial Planning principles!
My Latest Mutual Fund Portfolio | My Equity MF Picks
Tax Treatment of various Financial Investments
Financial Planning & E.I.N.S.T.E.I.N (Albert Einstein)
Investment Planning – How to create a solid investment plan?
About ReLakhs
ReLakhs.com is a blog on personal finances. The main aim is to present the information on financial products in a simple, unbiased and easy to understand manner . This blog covers wide array of personal finance topics like insurance,home loans,banking services,mutual funds,tax planning,stock .......Continue Reading.....