It’s that time of the year when you have to submit the Investment Proofs (Tax saving investments) to your employers. It is also the right time for most of the Life Insurance / Financial advisors to push financial products in the name of tax benefit and insurance cover. LIC has launched its first .......Continue Reading.....
Important & Comprehensive list of Budget 2021-22 Proposals related to Personal Finance | W.e.f AY 2022-23
Union finance minister Smt Nirmala Sitharaman presented the Union Budget 2021 in Parliament on Monday (02-Feb-2021). The finance minister provided a major boost to healthcare and infrastructure sectors in Union Budget 2021. There was no change in Income Tax slabs this .......Continue Reading.....
Interest on EPF Contributions above Rs 2.5 lakh is Taxable | Budget 2021
The Indian Finance Minister has tabled today, the Union General Budget 2021-22 in the Parliament. One of the key amendments in the Finance Bill 2021 is related to EPF and VPF (Provident Fund) contributions. As of now (FY 2020-21), the interest income earned on contributions to EPF made .......Continue Reading.....
Income Tax Slab Rates for FY 2021-22 / AY 2022-23 | Budget 2021 Key Highlights
The Indian Finance Minister has tabled today, the Union General Budget 2021-22 in the Parliament. Kindly note that there has been no changes made to personal Income tax structure. Below are the latest Income Tax Slab Rates for FY 2021-22 or AY 2022-23. (FY is Financial .......Continue Reading.....
HDFC Life Click2Protect Life Term Plan – Features & Review
Life is an unpredictable journey. It can take sharp, fatal turn at moments, which are capable of leaving one physically, mentally, emotionally and financially bruised. Many of us ignore buying a life insurance plan with adequate insurance cover. You may currently have a life insurance policy, .......Continue Reading.....
Top 15 Best Mutual Funds 2021 & beyond | Top Performing Equity Funds
The year 2020 has been an year of ups and downs for Indian equity markets, much like a roller coaster. After a catastrophic drop in March 2020 (due to the covid-19 pandemic), the Indian markets have recovered swiftly and are now trading at their life-time highs. The last calendar year has been .......Continue Reading.....
Top 5 Best Tax Saving ELSS Mutual Funds 2021-22
For salaried employees, the deadline to submit the provisional tax saving investment proofs is fast approaching. Most of the employers collect the documents in January. During this period investors/employees who have not done their tax planning rush to buy life insurance policies or some other tax .......Continue Reading.....
Why should you Withdraw Old EPF Account Balance? | In-operative EPF A/c Timeline
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.....
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.....
