I have monthly systematic investment plans (SIPs) of up to ₹36,000 for the last two years—₹8,000 in DSP Tax Saver, ₹7,000 in Franklin India Tax Shield, ₹5,000 in ICICI Prudential Long Term Equity, ₹5,500 in ICICI Prudential Value Discovery, ₹2,000 in Franklin India Focused Equity, ₹2,000 in Franklin India Equity, ₹1,500 in Franklin Smaller Companies, […]
With no significant social security provisions such as a state-sponsored pension, most Indians in the middle- and high-income groups seem to be saving up for their retirement on their own. A recent report by Aegon Center for Longevity and Retirement, titled The New Social Contract: A Blueprint for Retirement in the 21st Century, said India[…..]
I am an NRI for the current financial year. For rendering service outside India, I received Indian salary in Indian rupees in my non resident ordinary (NRO) account and a foreign allowance in US dollars in my foreign account. I received the foreign allowance paid by my Indian employer in my foreign account (which I[…..]
Nearly everybody thinks that he pays too much tax. But in most cases the taxpayer does not make the best use of the tax benefits available to him. Sudhir Kaushik of Taxspanner tells readers how they can restructure incomes, investments and expenses to optimise their tax. IT professional Shweta Sinha pays a low tax because[…..]