This article is applicable for FY 2014-2015 and is updated as per the Budget announcements on July 10, 2014. Over the years, especially in the recent past, we’ve seen increasing attention (and also action) in the area of personal finance and the tax benefits that they provide. We have seen our Finance Ministers and doing a fine balancing act between the personal aspirations of its people and the demands of the Central balance sheet. We have seen our Financial Regulators constantly … [Read more...] about 80C, 80D, 80CCC, 10(10d) – Save Tax with Life Insurance, Health Insurance, Pension Plans
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Attention : Home Loaners! Read this article in case you don't have Home Loan Insurance, i.e. a life insurance that works to cover your home loan liability just in case you were to die. Imagine this situation - if you were to die, not only will your family stop getting the income you contribute but the home loan you have taken will put them back financially by lakhs of rupees in debt! There have been quite a few cases like this and in each one the family has had to go through a lot … [Read more...] about Home Loan Insurance – Why should you have it?