Section 80GGC of the Income Tax Act allows claiming up to 100% deduction on contributions to a registered political party or electoral trust. This encourages transparent political funding by providing a valid method of reducing taxable income through non-cash contributions. Understanding the applicable deduction limits, eligibility criteria, and exceptions under Section 80GGC further helps taxpayers make the right financial decisions.
A ULIP (Unit Linked Insurance Plan) is an insurance policy. In this, a portion of the premium is invested and the rest is used to cover the policyholder’s insurance premium.
If you want to build your wealth while keeping your family safe, you must learn how to invest in ULIPs and reap the benefits of life insurance. ULIP offers you a perfect combination of wealth and investment.
At a younger age, most of us do not think of retirement planning as a financial priority. But, as you approach the age of retirement, you may find yourself hurrying to save enough money for it. It is in your best interest to create an efficient financial plan today by finding the type of pension plan suitable to you.
A small monthly pension can support basic expenses in the post-retirement period. Thus, many people aim to avail of at least ₹ 5,000 per month as a pension. This guide explains how you can plan your savings and build a retirement corpus.
Planning for a retirement corpus is a long-term financial goal. Hence, many earners want a simple plan, such as a ₹ 5,000 pension per month in retirement. You can achieve this goal with consistent savings and pre-planned investments. For these, you must take some strategic steps that can ensure the stable growth of your wealth.
This guide will help you plan your corpus by choosing the right pension tools
NFO or New Fund Offer refers to the procedure through which an Asset Management Company (AMC) launches units of a new fund and makes units available for sale to the general public. The NFO period usually lasts for a short period of time and during this period units of the fund are priced uniformly at ₹10 per unit. Units of the fund are allocated to investors only after completion of the NFO.