The interest rates on Bank fixed deposits may have touched the lowest levels and the interest rates on popular small savings schemes are not very attractive either. Also, Tax Free Bond Issues are not available now. This is inducing many small investors to look out for better fixed income products Continue Reading.....
How to update or change EPF UAN Account Mobile number online?
The Unified Member Portal maintained by the EPFO is a popular online facility being used by thousands of EPF members on a daily basis. To avail the online services that are available in the EPF member portal, it is very important to have your mobile number linked and registered with EPF UAN Continue Reading.....
Why your Best Mutual Fund Schemes may not remain as ‘the best’? | Categorization & Rationalization of MFs
We always want the best in our lives and we always like to give the best to our beloved ones. It is applicable to personal life as well as personal finances.We would like to invest in the best mutual fund schemes, best real estate property, best bank fixed deposit, safest investment option, best Continue Reading.....
FY 2018-19 Series-I Sovereign Gold Bonds Issue : Details, Features & Review
Sovereign Gold Bonds Scheme is an indirect way of investing in Gold. Instead of buying physical gold, investors can buy gold in paper form through Sovereign Gold Bonds. These bonds track the price of gold, plus an extra interest amount is paid on the investment.The Reserve Bank of India, in Continue Reading.....
FY 2018-19 Section 80TTB | Tax Exemption of Rs 50,000 on Interest Income to Senior Citizens
Most of the Senior citizens in India who do not like the volatility that comes with Equities / mutual funds prefer to save and invest in Fixed Deposits, Recurring Deposits and Small Saving Schemes. The main reasons for saving in these financial products are - low risk, guaranteed returns and fixed Continue Reading.....
How to Cancel or Surrender PAN & Aadhaar Card of a deceased person?
PAN Card Number and Aadhaar Card Number are two numbers that each person residing in India is encouraged to register for and get. There are roughly around 29 crore PAN card holders and more than 111 crore people now have an Aadhaar number, covering more than 98 to 99% of the Indian adult Continue Reading.....
AY 2018-19 Income Tax Return Filing | Which ITR Form should you file?
The Central Board of Direct Taxes has notified the new ITR Forms for AY 2018-19 Income Tax Return Filing (for FY 2017-18). In order to make ITR filing easy, some sections of the forms have been rationalized.The new ITR forms in PDF format have been made available, while the excel utilities (or) Continue Reading.....
Rs 40,000 Standard Deduction from FY 2018-19 | Does it really benefit the Salaried?
In the Union Budget 2018-19, the Finance Minister has proposed to provide Rs 40000 Standard Deduction from salary income to all employees & pensioners.As per the Tax rules that are applicable for FY 2017-18 (AY 2018-19) ;A Salaried individual can claim annual Transport allowance 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.....
