Senior Citizen Savings Scheme: How to save TDS on SCSS interest income
Senior Citizen Savings Scheme (SCSS) is an attractive scheme for senior citizens which offers 8.2% interest for the July-September quarter. An individual can invest up to Rs 30 lakh in SCSS. Interest earned on the SCSS investment is taxable per the investor’s income tax slab. TDS is also deducted if the interest received from the […]
How to spend €14.1B windfall from Apple – POLITICO
And finally in 2021, as the administration of Joe Biden and the Organization for Economic Cooperation and Development jointly pushed to force low-tax jurisdictions such as Ireland to raise their rates closer to international norms in the mid-20s, the Irish held out until they won a commitment to cap that increase at 15 percent. That […]
How to rebalance your investment portfolio
WHAT’S REBALANCING?As the name suggests, rebalancing means helping regain the balance. When the reference is to an investment portfolio, it means reverting to the original asset allocation or portfolio composition. This is done by buying or selling different assets so that the initial balance or weightage of assets is retained. An investment portfolio is built […]
How to save for retirement: Investment tips for moderate risk takers
I am 35, and recently started a new job with a monthly income of ₹1.5 lakh. I have no significant liabilities and can save 40% of my income. My investments include: ₹10 lakh in MFs (large- and mid-caps, and debt funds); ₹5 lakh in fixed deposit; and ₹3 lakh in PPF. I aim to accumulate […]
How to choose your wealth manager
Like health, wealth also plays a pivotal role in our life. While health ensures proper working of the body, adequate wealth ensures that we are able to live a fulfilling life. But do we undertake as much diligence in selecting a wealth manager as we undertake in selecting a doctor? How do we decide which […]
Technical Breakout Stocks: How to trade RVNL, Balkrishna Industries and Poly Medicure on Wednesday
The Indian market remained volatile and closed mixed on Tuesday tracking mixed global cues. The S&P BSE Sensex closed below 74,000 while the Nifty50 closed with gains of 27 points. Sectorally, buying was seen in utilities, public sector, power and metal space while selling was seen in banks, auto, IT and FMCG stocks. Stocks that […]
How to amass a ₹1 crore corpus for buying a home
My husband and I earn ₹20 lakh every year and invest ₹40,000 every month through a systematic investment plan (SIP) which I started 2 months ago. At present, I have ₹3 lakh in direct stocks and some investment in gold. We want to accumulate a down payment of ₹1 crore in six years to buy […]
How to build a ₹3 crore corpus to start a business?
I am a 35-year old professional with a monthly income of ₹1.6 lakh and expenses of nearly ₹1 lakh. My wife is a homemaker and our son is 3 years old. I have close to ₹14 lakh in mutual funds right now. Is it possible to build a corpus of ₹3 crore in 10 years […]
How to ‘Trump proof’ the transatlantic relationship? – POLITICO
“It’s been very successful,” said Daniel Mullaney, the former top U.S. negotiator on trade issues with Europe, of the TTC. “We’ve had high-level attention, including at the presidential levels, on all of these issues. That’s kept the momentum going.” The question now is what happens if Trump wins back the White House in November. Even […]
How to instill good money habits in teenagers
Nidhi is the mother of 14-year-old Abeer, and has been having difficulty managing his demands. She keeps a close watch on how the money is spent and is confident that her son doesn’t have any bad habits. However, Abeer wants the latest electronic gadgets, money to spend in school every day, and over the weekends, […]