Smart investors distinguish themselves from the rest of the population by a few fundamental characteristics. These features aid in their decision-making, return maximization, and risk minimization. Investing is a way of thinking and a series of calculated decisions that can influence your financial prospects. It’s not just about making money transactions. A few traits that define smart investors help them succeed in the competitive world of finance. I’ll go over the essential characteristics adopted by smart investors in this post.

These are the top ten indicators of a smart investors…

1. Informed and Research Oriented Decision-Making

As far as market trends, economic data, and possible investment possibilities are concerned, smart investors keep themselves updated. They study everything carefully before deciding how much money to spend. Smart investors put a lot of effort into learning about financial reports, market trends, and the businesses or assets they invest in. All of their investing decisions are based on such thorough research.

2. Risk Awareness and Risk Management
Astute investors have strategies in place to reduce the risks involved in their investments, such as portfolio diversification, and are acutely aware of these dangers. Acknowledging and controlling risk is a quality possessed by smart investors. To prevent putting all of their eggs in one basket, they diversify their portfolios and closely evaluate the risk-return ratio of each investment.

3. Patience and Disciplined, Understanding Fees and Costs
Investors that are successful are disciplined and patient. They follow a well-considered investment strategy and refrain from making quick decisions based on temporary changes in the market. Since these can have a big impact on total returns, they are aware of the fees and charges related to their investments, such as taxes, transaction fees, and management fees.

4. Long-Term Perspective with Clear Investment Goals
Instead of concentrating on short-term gains, smart investors prioritize the long-term growth of their assets. They understand the value of compound interest and maintain their long-term commitment to their financial objectives. Though markets can vary in the near term, smart investors are disciplined and have a long-term perspective, understanding that markets typically tend to rise over time. Whether they’re growing wealth, saving for a child’s education, or preparing for retirement, smart investors have specific, well-defined investment goals.

5. Continuous Learning
Because the financial world is ever-changing, smart investors understand the need of lifelong learning. They keep informed of changes in investments, market movements, and investing techniques. They keep learning new things about trading methods and financial markets. They are able to stay up to date on new opportunities and developing risks thanks to this continuous learning process.

6. Adaptability During Market Change
As the market conditions fluctuate, smart investors are adjustable. They modify their tactics in response to changes in the global economy, advances in technology, and events that have an effect on financial markets. When investing, flexibility is crucial. As market conditions or economic indicators change, smart investors are ready to modify their plans.

7. Emotional Intelligence and Disciplined
Emotional self-control is essential when investing. During volatile markets, smart investors maintain their cool and refrain from making rapid choices that may result in poor financial decisions. Their investment selections are unaffected by their feelings. When markets are volatile, smart investors maintain calm and refrain from acting on impulse out of greed or fear.

8. Goal-Oriented Approach and Realistic Expectation
Well informed investors have specific financial objectives. They base their financial selections on these goals, which could include saving for retirement, purchasing a house, or paying for a child’s education. Smart investors recognize that there are dangers associated with large returns and establish reasonable expectations for returns.

9. Diversification
Intelligent investors diversify their investments over a range of asset types in order to reduce risk. This lessens the effect of a single investment’s bad performance. Diversity is one of the keys of wise investing. They lessen the chance of suffering large losses by distributing their investments throughout several asset classes, industries, and regions.

10. Regular Monitoring and Portfolio Review
Astute investors check and track their investments on a regular basis. They remain watchful, adjusting as needed and making sure their portfolio is in line with their financial objectives. As markets and life events change, smart investors make periodic reviews and rebalancing of their portfolios to ensure that they are in line with their investing objectives and risk tolerance.

Conclusion
Those that invest wisely are not simply fortunate; they make thoughtful, strategic decisions with patience, discipline, and a dedication to long-term gains. People can successfully negotiate the financial world’s complexities and accumulate wealth over time by adopting these characteristics. Developing these qualities can put you on the road to financial success regardless of your level of experience as an investor.

In conclusion, becoming a smart investor doesn’t require knowing a magic recipe for success; rather, it requires being knowledgeable, focused, and systematic in all of your efforts. Investors can make more thoughtful judgments, negotiate the intricacies of the financial markets, and reach their long-term financial objectives by adopting these traits.

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Personal Loans-For those having a low credit score, obtaining urgent financing for them is almost impossible. The abundant obstacles and denials on the part of financial groups are a difficult obstacle to overcome. For this reason, the personal loans represent the solution to this problem; processed in minutes, from anywhere in the country and without reviewing the credit history, these loans are helping thousands of people to solve their liquidity problems in a very short time.

Personal loans without a bank can be handled from any PC with an internet connection, so it is not important to go to any financial agency to begin them. In such a way, the approval can be easily given in minutes and the processing of money is possible the same day the application is submitted. A very easy procedure that makes possible; If you want to process it, you can do it as soon as possible from the same web page.

Why you should apply for personal loan?

There are many reasons why this type of loans can be a great help at all times: from making a late payment or cover an expired installment, to finance a party or to pay for an anniversary celebration; Whatever the reason, they are there to help you, granting personal loans without a credit bureau and without advances for those who require to face any kind of emergency that comes their way.

Advantages and Disadvantages of Personal Loans

Just as they are different products, each of them also offers very particular advantages and disadvantages.

These are the main advantages of each one

• • Loans: Their interest rates are lower, the amount can be high, and you do not need to specify the destination of the money and since signing the contract you know how much will be paid at the end of the term.
  • Credits: The credit can be extended and renewed once the amount available has been paid; they are useful to face emergencies and can be used for any purpose.

The disadvantages of each financial product are

• • Loans: They cannot be renewed, their administration costs are usually high, interest rates can be variable and sometimes a penalty for early payment is charged.
  • Credits: Their interest rates are high and subject to market variations, payment terms are short, interest arrears are charged if a payment is breached and poor management can affect the credit history of the contracting party.

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Currently, within the world of start-ups or ventures of young entrepreneurs, the terms of risk capitalist, venture capitalist and angel investor are being managed, but what do they mean? How do they work? And above all, how important are they for these new projects?

Maybe you are attracted and probably think that with some experience in finance and/or technology you will be able to perform as such because then we give you the description of these two forms of work.

>>> Top 65+ Venture Capital Companies In India For Early, Seed And Growth Stages

What profile do you need to be a venture capitalist?

The short answer: it depends. Many venture capitalists are successful entrepreneurs or who made their way in that world. Recent studies conducted suggest that the average profile is:

• Age: 46 years.
• Gender: Male and White. (Unfortunately, they say, it’s not a very diverse industry yet).
• Qualification: Own an MBA or a Ph.D.
• Experience: They have previously done consulting work in finance, technology, investment banking, media or ventures.

Also refer: How to create and register a company for startup in India

Principles for the Aspiring Venture Capitalist

1. Determine if this is Really What You Want to Do: Analyze the pros and cons, evaluate your budget and think that when you invest at the beginning you can live adjusted for a long period until you consolidate. If after this you are willing to continue, go ahead.
2. Make Sure you have “The Real World Experience.”: It has three routes available:

• Start a business or get a role in an incipient start-up.
• Work for a large company in a relevant.
• Join a bank or a consulting company.

3. Go to a Business School: Although there are exceptions to the rule because there are good venture capitalists that have not studied, have done with practice, always study helps to become more reliable and trained. In the institutions, contacts are also obtained and that network in the future is the one that is valid for closing businesses.
4. Build your Reputation: Start a blog or better yet create your website, produce content on the subject that you control and maintain a strong and consistent digital presence in social media. LinkedIn is the social network preferred by the venture capitalist.
5. Have a Passion for Great Products: If you are going to invest, it is better to know about technology and the field of action in which you are going to play. Use the products in which you intend to invest. Get involved, know, analyze and you will make a better decision.
6. Use your network of contacts in a useful way. Take advantage of every moment of meeting with an entrepreneur. Always take knowledge of the context of the industry and the benefit that could arise for both parties. Your network of contacts will only be as good as you demonstrate your ability to connect with people.

When investing stay in your decision. Being a venture capitalist is a long-term game and, like in any other profession, it takes several years to master the field.

Debt settlement companies are the mediators between you and your financial institutions from where you have taken loan or credit cards and you are unable to pay off. You may use your credit card for a variety of purposes. After all, it is a very convenient way for you to make payments. However, you need to earn sufficient income to meet your household needs and repay such dues on time. If this is not the case, you could end up accumulating a lot of debt. Then, you will have to come up with a viable strategy to manage it effectively. Otherwise, it can play havoc with your personal finances. If you are not careful with your money, you may have to declare yourself bankrupt. This is something you want to avoid at all costs. This is why it is prudent of your part to seek the help of debt settlement companies.

How can debt settlement improve your personal finances?

Debt settlement is a process where you enter into negotiations with the officials of your credit card company. Your objective is to request them to write off a small percentage of your overall debt. In return, you offer to pay them a lump sum payment for the remaining amount you owe them. If you are successful in reaching an agreement, you could waive off almost 70% of your overall debts. This fact which you should seriously consider. After all, it can help you to get your personal finances in order. You may be wondering why the top managerial personnel of such a corporate enterprise will accept such a proposal. This is because, they know that if you file for bankruptcy, they may not be able to recover anything from your estate. Under this scheme, they are able to get a lump sum of money for the outstanding amount you owe them.

Why hire the services of debt settlement companies?

Most financial experts admit that entering into such negotiation with credit card companies is a tall order for most people. You could be one of them. You may not be in a position to convince them to agree to such a proposal. This is why it is prudent on your part to seek the help of reliable debt settlement companies.

This point out the following five important reasons why you should consider opting for this course of action:

1. Avoid becoming bankrupt

When people accumulate debts which they cannot repay, filing for bankruptcy is the obvious course of action. However, they do not realize that it can do more harm than good. It can ruin their reputation because people in the market get to know they are insolvent. On top of this, it leaves an in erasable stain their credit report for at least a decade. During this period, they cannot apply for any kind of loan whatsoever. Even if they try to conceal this fact, they will be guilty of fraud. This is not the type of situation in which you want to fall in. Hiring the services of a reliable debt settlement company is your best option to avoid declaring yourself bankrupt. As a result, you will not have to suffer its adverse consequences.

2. Industry experience

Most people do not have the relevant experience and knowledge to conduct negotiations with credit card companies. You could be one of them. You may not know how to convince the top management of such corporate enterprises about your present financial condition. This is not so when you hire the services of a reliable debt settlement company. The professionals of such organization can hold talks on your behalf and secure a viable deal of you. However, in order to choose the right service provider, you should browse through debt settlement reviews of such establishments.

3. Lowers your overall debt

A successful debt settlement program helps you gain control over your personal finances. Instead of worrying about multiple credit card dues, you only make a single monthly payment. This makes it possible for you to clear your entire debts with a couple of years. Moreover, you do not have to incur any late payments, administrative charges, and hidden fees. This helps you to save some money in the process. It can also enable you to regain the peace of mind you deserve.

4. Avoid paying any upfront fees to credit card company

Working with a debt settlement company to repay your credit card dues helps you to save money in other ways. Such an organization will assist you in reaching an agreement with your creditors on this issue. Until you clear your overall debt, it cannot charge you any upfront fees for the services it provides. In any of any violation of this rule, you can appeal to regulatory authorities like Federal Trade Commission.

5. Create a strategy to help you reduce debts

The professionals of a reliable debt settlement company go out of their way to help their clients. They will not hesitate to apply the same policy in your case. They chalk out an effective plan to enable you to reduce your overall debts. They will give you an idea of how to deal with the officials of your credit card company when sitting on the negotiation table with them. Before signing any agreement with such a service provider, their experts are under an obligation to tell you:

The fees such a company charges for the services it provides;

• • The time period under which such specialists will hold takes with your creditors;
  • The type of offers they will make official of your credit card company;
  • How they intend to protect your best interests in any negotiations;
  • The circumstances under which they may suggest you stop making payments; and
  • The likely consequences you may face if you abide by their recommendations.

Hiring the services of a reliable debt settlement company can help you get your personal finances in order. You just need to go through the above five important reasons to know that this is the right decision to take. It can enable you to clear your personal debts once and all. This can give you a new lease on life. However, you need to opt for an organization with a good reputation in the market. Only then can you get the results you are looking for.

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Consider taking for a personal loan or debt to cover debt consolidation if you find yourself in debt, having to make payments to multiple creditors and paying different interest rates.

This type of loan can definitely help you with debt management skills. The even personal loan is categorized as a consolidation loan, which provides you fund to just pay off some of your current debts. Instead of coming up with multiple payments at various rates of interest, you can easily make single monthly payment for each month and pay off the personal loan. There are multiple options available for you to follow and steps designed to get the personal loan at the best rate possible.

1. Get the personal loan for debt consolidation

Even though there are multiple avenues designed for personal loan approval, you have to take your time in researching and come up with the best option. Borrowers who have a higher credit score can easily qualify for some of the better loan terms. On the other hand, you have borrowers with lower credit score too. They might find it hard to get the personal loan sanctioned. So, they have to work hard in researching to find some of the most favorable offers when it comes to interest rates, loan amounts, and fees.

2. Easy directions to follow

There are some directions available on ways to consolidate debt with a help of the personal loan. Once you follow the rules, there is no looking behind.

3. Start checking credit score and report first

Even before you head for a loan, you need to be suitably aware of credit score. Each lender comprises of its own credit requirements for borrowers, but all lenders will check credit.

• • You need to be aware beforehand if your credit report has any negative information in it or not.
  • Federal laws give you the opportunity to actually entitle a free copy of credit report from any one of the major credit bureaus, Experian, Equifax and TransUnion for every 12 months. You can order for that online by clicking at their respective sites. You can check the credit rating agencies here.
  • You can further purchase the credit score without paying a single cost from credit card firm, free online service or bank. You can use Credit Karma or Credit Sesame to help you big time in this regard.

4. Check out for lenders offering you your much-needed amount in personal loan

There are some companies which offer personal loans only for the sake of debt consolidation, within an amount of $3000 to $100,000. Borrowers who are lucky enough to have excellent credit, they can try out the credit card consolidation to 0% APR credit card. On the other hand, for borrowers with a good form of credit, peer to peer lending platforms can offer personal loan starting from $2000 to $35,000. In addition to that, credit unions will provide you with lower requirements than banks for the consolidation loans.

5. Start listing the credit card and loan balances

This seems to be the next step of procuring a personal loan to cover debt consolidation with ease. For that, you can try heading for debt consolidation reviews to get an idea about the debt consolidation loans and other related information, subject to vary from one company to another. You have to work hard to include some monthly payments and annual percentage rates for each debit over here. You have to understand in details about each owned debt and how much money you have to borrow for repaying the debt.

6. Try going for the debt consolidate calculator

Here, you need to enter the debts that you are planning to consolidate into an online debt consolidation based calculator. It will help you to see the ways in which personal loan can actually benefit you. Even though single monthly payment might help in saving some time, but it is also quite important to find a loan with some favorable terms and rates.

7. Try shopping around for lenders with favorable interest rates

You can try checking out with other lenders which provide personal loan rates at minimum rate of interest and less other charges. This way will help you to currently check the rates available online with no such impact on the present credit score.  Then you have other online platform as well which presents you with fixed rates under personal loan with autopay option. This service will help you to check the rate without any risk at all.

8. Best personal loan application depending on your situation

After you shopped around and decided on the type of loan, it is time to apply for it. Now you have the right to use funds for paying off the current debts. The entire process might be a bit time consuming at first, but you will definitely get a hang of it for good. For any other help, personal loan lenders are always available with step by step help.

9. Avoid adding extra debts on present ones

After you have successfully paid off all your debts, there are high chances of temptation to use some newly available credits for making next set of purchases. Yes, it is understandable that you are trying to keep credit cards in play, but it is quite unwise to charge purchases which you won’t be able to pay easily each month. Charging up your current paid-off cards will force you to be back in the jungle of debt. If you don’t want that, avoid adding those extra debts in your kitty as of now!

10. Always keep old accounts active

Do not ever try to close credit card based accounts once you paid it off. Part of the credit score solely depends on the length of credit history. So, the longer you have an active account under your name, the better it might be for the credit score. Also pay the credit balance, if any, time to time and utilize maximum 30% only of the card limit for the better credit history and credit score.

11. Make the right choice

Whether you are planning to use the personal loan for the credit card based debt consolidation help or willing to pay a mix of credit cards and loans, you have to shop around for the best rates you can qualify for. Also remember, just because you are consolidating, that does not mean you will pay less in long run.

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You have heard the famous saying, “Health is Wealth”. And yes, it is true. You work so hard to live a good life, to give your loved ones your children all the facilities. When you do this much in your life, then you also have to care about your health without worrying about the money you have to spend for this purpose. Health Insurance companies always advise you to plan your health insurance earlier, but if you haven’t purchased your health insurance till now, still it is not too late. Consult your health insurance and get the best health insurance for you and your family.

Also, remember to know about the various government schemes on different health insurances which will benefit you more. Just don’t bond yourself if your health cover plan, make its use as much as possible.

1. Recovery benefits from Health Insurance

This benefit is also known as the recuperating or recovery benefit. In this, the insurance company is responsible for the cost recovery of the insured under the project. Benefits given include additional costs that may result from hospitalization, such as loss of income. If the insured is hospitalized for 7 to 10 days, the insurance company will pay a one-time fee.

2. Alternative Treatment from Health Insurance

In recent years, the popularity of alternative therapies has increased in many ways. This has prompted many insurance companies to adopt alternative therapies such as Ayurveda, Homeopathy, and Yoga.

3. Cover Organ surgery related expenses from Health Insurance

For example- the cost of the kidney transplant could range between the Rs. 3 lacs to Rs. 5 Lacs. If you have the health insurance, it ensures that you will not have to worry about the medical expenses before undergoing the surgery. Most of the insurance companies cover organ transplant cost as their regular health insurance coverage.

4. Exceeding the days of Treatment are covered in Health Insurance

Under this section, many insurers have expanded their insurance coverage to include treatment taken under the medical supervision. Though, insurers have covered the amount and number of days for which the benefit is available.

5. Attendant Allowance is covered in Health Insurance

Insurance Companies offers this section, in which adults accompanying the insured at a hospital, provided the insured is a child. Generally, in most of the cases, the numbers of days for which an insurer pays the attendant allowance is fixed.

6. Cash allowance is also available in some Health Insurance

Daily Hospital cash allowance offers additional financial protection, in which it takes care of the expenses which are not covered under the health insurance, such as food and travel.

7. Free regular health check-ups

It is another benefit of the health insurance about which many people don’t know, it says that the policies offer free periodic health check-ups to their policyholders after every 4 or 5 claim-free years. Insurers offer cashless health check-ups if all the tests are done in the listed hospitals or centers.

8. Dental treatment in Health Insurance

Dental treatment is covered by many insurance companies once in a few years with some limits.

After seeing its benefits now, you know the various advantages of having health insurance. It makes you independent, now you are no more dependent on your relatives or any other for borrowing money for health issues. Your insurance policy supports you to get the best medication. Let us look for the reasons that why having a health insurance is important in India.

Why is Health Insurance important in India?

Living in this fast-paced world has become more and more intense and has led to major health conditions, especially among Indians. Millions of Indians die because of heart disease and diabetes. According to the World Health Organization, these are the main cause of death in India. In addition, respiratory diseases, childbirth complications, and infectious diseases are also paralyzed.

Given that Indians are more likely to suffer serious health problems, have you considered protecting your family and yourself from these injuries? Rising health care costs can lead to financial difficulties and this can further raise more difficulties and some time it has been seen that because of financial difficulties many people commit suicide so that their family doesn’t spend much on them. But these problems can be cut off by maintaining proper sanitation, health and having a health insurance.

Health insurance has many benefits, and in India, it is fruitful for those people who are fighting much due to lower financial status. Health insurance is the best way to protect yourself and your family from these kinds of problems.

Health Insurance coverage

Insurance providers offer different types of plans to maximize coverage and benefits. In some of the health insurance coverage, it includes the pre and post-hospitalization expenditure, hospitalization costs, daycare facilities and domiciliary treatment.

Two basic types of Insurance in India-

Benefits that Indian people get from Health Insurance plans

1. Financial stability

In an emergency people don’t have that much money which they can use in the case emergency and also the emergency medical expenses may result in several financial distress. But the health insurance plan helps you in this situation.

2. Best treatment you get

Due to lack of funds, people compromise on the treatment, but with the best health insurance plan, you have the assurance of procuring the best treatment to overcome any health condition.

Conclusion

After all the discussion over here about the health insurance, now you completely know about the health insurance and its benefits. If you have the best health insurance, it make-able to fight any health issue and you won’t get over from your funds and savings. You get best treatment options and many different benefits which are far more than only paying expenses for the hospitalization.

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Personal finance planning is a dynamic process that adapts to the many phases of life and is not a one-size-fits-all undertaking. Whether you’re starting a family, entering retirement, or just starting your career, a customized financial plan can help you have a safe and happy future.

Managing finance is not an easy task as there are different portfolios under which you can plan to invest but for the non-professionals it is highly important to discern the right one so that you can get the maximum profit from your particular investment that you are looking forward for the investment.

Let’s examine important factors to take into account when preparing your own finances at various periods of life.

Finance Planning is important and it needs to be done beforehand so that investment plan is well made and so that you can reap the benefits to the fullest. It is necessary to have information about financial planning and its implementation as well.

Personal finance planning varies, there are various factors thus it becomes much more important to know about the process, as this would help you to have better understanding.  Finance planning and what all you need to keep in mind so that you can invest in accordance to your needs and future planning as well.

Personal financial planning is the development process where in you take up on the all the points so that you are sure that you are getting the lucrative deals that would certainly help you to achieve the financial stability. There are financial objectives that need to be done in more professional manner and this is why private wealth management is one of the best options that would help you to make the right move when it comes to investment.

It is important to be sure of the needs and current financial status and the best way is to take assistance from the professional, as they would guide you right path as there are different personal finance blogs where you can easily get the expert reviews on various investment program. To help you know about the Personal finance in India, here we bring you some of the points that would certainly help you to do the planning before investment.

One must understand the process here we bring you some of steps that you need to incorporate for successful planning. It is needless to mention that setting financial goal is must, as this will help you to streamline planning in more effective manner.

• Assessing current financial situation: it is the first step wherein you determine your current financial situation for instance savings, income, expense and debts so on. It is important to see the all these things so that you can easily do the planning. When assessing current financial situation, it is important to monitor in holistic manner so that you can carry the financial planning in most opposite way.
• Develop Economic Goals: in this step, you must know what you want to do with your money, and which area you want to invest so that your financial goals are met, and you can make the most from the single penny. A lot of time people are not aware of their financial goal it is important to foresee the needs and requirements that you will be having say 10, 15, 20 years so that you can secure your future in most exciting way.
• Know about the alternative options: it is important to know about the alternatives course of action, as this will help you to be sure of your needs and wants as well. One must be well aware of the option that could also be used in the place if the current investment is not much powerful. This will save you’re from grueling research work as all you have to do is to see the market trends and switch on to the another portfolio that is best suited as per the current financial situation.
• Evaluation of the alternatives: the next step involves wherein you have to evaluate the alternatives so that you can easily get things done and you can pick the best portfolio for the long-term investment. In the evaluation phase, it is important to seek the professional help, as he will guide you better what would be the ideal scenario to carry the investment.

1. Early Career and Education (20s – 30s)

• Financial Education
  Put your attention toward increasing financial literacy. Recognize the fundamentals of investment, debt management, and budgeting. Take into consideration utilizing retirement programs offered by your employer.
• Emergency Fund
  Create an emergency fund to pay for unanticipated costs. Three to six months’ worth of living expenditures should ideally be kept in a readily accessible, liquid account.
• Investing for the Long Term
  Invest early to take advantage of compounding’s power. Invest a percentage of your salary in retirement accounts and think about using a diverse portfolio.

2. Family and Homeownership (30s – 40s)

• Budgeting and Savings
  Make a family budget that includes money for housing, schooling, and medical care. Maintain your savings for both short- and long-term objectives.
• Insurance Coverage
  Examine and update your insurance policies, such as those for health, disability, and life. Make sure your family is covered financially in the event of unforeseen circumstances.
• Homeownership Planning
  When thinking about becoming a homeowner, evaluate your financial stability. Include down payments, interest rates, and continuing costs associated with homeownership in your budget.

3. Career Advancement and Mid-Life (40s – 50s)

• Debt Management
  Make repaying high-interest debt your top priority. To free up more money for savings and investing, concentrate on paying down credit card and loan amounts.
• Retirement Planning
  Review your retirement savings objectives and, if necessary, modify your contributions. To make sure your retirement plan fits your goals for your lifestyle, think about speaking with a financial expert.
• Estate Planning
  Launch or revise your estate plan. This includes setting up trusts, amending wills, and naming beneficiaries on bank accounts.

4. Approaching Retirement (50s – 60s)

• Healthcare Considerations
  Make retirement healthcare costs a priority. To guarantee thorough coverage, look at choices like Medicare and long-term care insurance.
• Downsizing and Lifestyle Adjustments
  Determine your housing demands and, if necessary, take into account downsizing. Determine the kind of retirement lifestyle you want and modify your finances accordingly.
• Review Investment Strategy
  As retirement draws near, adjust your investing techniques to lower risk. Prioritize capital preservation and income generation for retirement needs.

5. Retirement (60s and Beyond)

• Withdrawal Strategies
  Create a retirement account withdrawal plan that is methodical. Take into account things like required minimum distributions (RMDs) and possible tax repercussions.
• Legacy Planning
  Finalize and share legacy plans. Evaluate beneficiaries, make any necessary updates to documentation, and think about the most effective way to transfer assets to heirs.
• Social Security Optimization
  Choose your Social Security benefit claim dates carefully. Recognize how timing affects your total retirement income as well as benefit amounts.

These are the fundamentals that were previously discussed, but in order to ensure that things are done correctly, it is crucial that you obtain professional assistance. Selecting a knowledgeable specialist is essential if you want to approach financial planning in the best possible way and enjoy all of its advantages.

TDS (Tax Deduction at Source) could be part of Income in turn income tax that is already paid by the assessee whether an assessee is eligible for the income tax or not whereas an income tax is a tax that government imposes on financial income generated by any individual or firm which is a key source of capital that the government uses to fund its activities and serve the public.

There is some difference in computation part, i.e. TDS is deducted before the income reaches to any individual or entity which then after can be calculated and if over taxed then it can be refunded.

The Central Board of Direct Taxes (CBDT) regulates the policy and planning of taxes. CBDT is also responsible for administering the direct tax laws through the IT (Income Tax) Department. In addition to the collection of taxes, the IT department is also involved in prevention and detection of tax avoidance.

What is Income Tax?

The Income Tax Act, 1961 regulates the collection, recovery, and administration of income tax in India. It is a compulsory contribution levied on individual’s personal income as per his/her earning which is divided into different slab percentage according to which the money gets deducted after all the exemptions from your gross income.

Income Tax is paid on the annual income where taxes are computed for a particular financial year.

What is Tax Deducted at Source (TDS)?

TDS is a part of income in turn Income-tax that is already paid by the deductee whether a deductee is eligible for the income tax or not which can be set off against Income tax and balance tax liability to be paid. Necessary adjustments of TDS are done while filing Income Tax return and in case any excess amount is deducted or over taxed then that can be claimed to refund.

TDS aims to collect tax from the very source of income. A person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government. The deductee from whose income tax has been deducted at source would be entitled to get credit of the amount which deducted on the basis of Form 26AS or TDS certificate issued by the deductor.

TDS can be deducted from Income from salary, income from any commission, professional fee, interest from FD and many other income sources etc. so tax deduction at the point of generation of income is known as Tax Deducted at Source or TDS and the same is deposited to the Income Tax department of the concerned area. It is deducted at source on a periodic basis say quarterly in the particular year for the salaried individuals and for others it is deducted on each set of incomes and then can be claimed.

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Business owners have many opportunities and options for investment but their appetite for risk or returns should be carefully considered.

What do they want to accomplish with short term investments? Small business, before investing, should always determine the answer to these question.
The two most popular and reasonable answers to these include-

• Preserving cash flow for the future of the business
• Generating more capital quickly for the business.

Short Term High Yield Investments

Generating moderate returns and an exquisite means of storing funds, low-risk investments may contribute these pros in a small business. While high-risk investments aim for cash reserves. In high-risk investments, the main idea is to focus on the cash reserves for the future and ongoing cash flow and increase it with time or in the longer run.

While the best short-term investments always vary for small businesses, it is important to know the options that one has. For many businesses, it is better to invest cash than keep it idle in the reserves for later use. Hence the risks and returns should always be considered in best short-term investments.

Best Investments in India

Starting a business and growing it, is no cake-walk. It takes time, effort and money to run a business. While you can put all your time and money in your business, money is something which is not all yours and not all sufficient. You should have a cash flow for your business to keep running and growing and should Know your best short term investments.

There are so many businesses in the world which bust in their first year due to lack of money. Hence, investing in a small business and investing correctly is the key to a sustainable cash flow. For the same, you have to be aware of these Investments examples, short-term high yield investments, short term investment options with high returns, best short-term investments for small amounts of money, short term bond funds, best short-term stocks, best short term investments 2018.

Short Term Investment Options with High Returns in India

Here are a few tips on how to get started as a small business:

• • Apply for a business loan
  • If the loan is not sanctioned or the business idea is unconventional, use a crowd-sourcing website to invite investment.
  • Apart from the crowd-sourcing, other options for getting financing is: The governmental scheme, venture capital or private equity funding.

All businesses need a capital to work. This capital is used to various things including but not limited to employee payroll, research and development, paying the bills, and more. If there is no working capital the business is sure to get doomed.

Hence you should always know the best short term investments for a small business.

Best Short Term Investments For Small Amounts Of Money

1. Invest in Assets

A good long-term investment is that of property and assets are property which belongs to you. You can also build your warehouse with the assets. With time, the value of a property increases and after say 10 years, you can always sell the property if you want, and get your money back. You should also consider your cash reserve options before investing in it.

2. Mutual Funds

A fund manager manages mutual funds. These are good examples of investment for people with no experience.

3. Exchange Traded Funds

Exchange Traded Funds (ETFs) are similar to mutual funds except for the fact that rather than focusing on individual stocks you are focusing on an index of stocks. ETFs can be bought from brokers.

Short Term Investments Minimize Your Outgoings

Returns on an investment vary from day-to-day basis. Depending on multiple factors including the current world economy the price of your stocks, assets and investments may go up and down. It is a good idea in this case to educate yourself about the finance industry a bit, and before a stock goes down, save your portfolio from crashing by taking the required actions.
Once your investment portfolio looks good, you can also look at ways to reduce your business taxes and control other outgoing expenses which ultimately help in a stronger cash flow of the company.

While there are a plethora of options available to choose from for best short term investments, nobody can be sure on which one works the best for whom. You have to be ready to take risks and try your hands at investing.

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CBDT (Central Board of Direct Taxes) has introduced new income tax return forms (ITR forms) for the assessment year 2018-19 which seek more details from individual taxpayers about their salary structure, break ups and income from property.

It has also made mandatory for small businesses to report their goods and services tax identification number (GSTIN) and turnover reported under GST.

The new ITR forms require salaried taxpayers to disclose their salary break-up. Taxpayers will have to give details about allowances that are not exempt, value of perquisites, profit in lieu of salary and deductions claimed under Section 16. Typically, these are available in the Form 16 issued by the employer but do not have to be disclosed in the tax return.

Like last year, the one-page ITR-1, or Sahaj, form can be filled by salaried taxpayers having an income up to Rs. 50 lakh and one house property. Last year, 30 million taxpayers filled this form, the tax department said in a statement.

Businesses with a turnover of less than Rs. 2 crore can do away with the requirement of maintaining books of accounts and instead pay a tax on the basis of a certain percentage of their turnover. However, the government fears that there has been misuse of the scheme.

The forms give non-resident Indians (NRIs) some relief. They can now provide details of their foreign bank accounts to claim credit or refunds. Earlier, they could only provide details of bank accounts held in India.

However, NRIs will no longer be able to file returns using the simple income tax return (ITR)-1 form, which can now only be used by residents. NRIs will have to use ITR-2, which seeks more information.

Types of ITR forms

• ITR-1 SAHAJ– For individuals being a resident other than not ordinarily resident having Income from Salaries, one house property, other sources (Interest etc.) and having total income up to Rs.50 lakh
• ITR-2– For Individuals and HUFs not having income from profits and gains of business or profession
• ITR-3– For individuals and HUFs having income from profits and gains of business or profession
• ITR-4-Sugam– For Presumptive Income from Business & Profession
• ITR-5– For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7
• ITR-6– For Companies other than companies claiming exemption under section 11
• ITR-7– For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F)

The new ITRs have been uploaded on the official website of the department–incometaxindia[dot]gov[dot]in.

The last date for filing the ITRs is July 31.

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Income tax is a tax that governments levy on the financial income generated by the different establishments in their jurisdiction. The funds thus obtained are used to finance its various functions. There are two types of taxes-Direct and Indirect. Income tax is a direct tax and other taxes like VAT, Service tax, Goods and Service tax are indirect taxes.

Taxes provide financial stability that is helpful in even distribution of wealth among the people of the country. Taxes play an important part in withstanding the upheavals of the economic cycles. The guidelines for the payment of income tax are based on the guidelines of the Income Tax Act.

As per this act, income from these sources can be taxed-

• Salaries
• Capital gains
• Income from house/property
• Profits from profession or business
• Income from other sources

Sum of income from all these sources is estimated as per the Income Tax Act. The tax rates are based on the earnings of a person and are termed as Income Tax Slabs. The Income Tax rates are revised every year during the budget.
Income tax is calculated yearly. Financial year begins on the 1st of April in a given year and ends on the 31st March the following year. Tax is imposed on the income earned in the previous year which is called as Assessment year.

The income tax deadlines for the financial years are-

• 31st July- The last date of filing returns for non-audit cases
• 30th September –The last date of filing returns for audit cases.

Filing of Income Tax for Salaried Persons

People earning income can file the income tax returns as per Form 16. The details of income are mentioned in Form 16 issued by their employers.

Income Tax Returns (ITR)

Tax Returns are a statement of earnings from different sources of income and these include tax liability, details of tax paid and other refunds that they should get from the government.

Late Filing of Income Tax Return

Income Tax Returns should be filed before the deadline to avoid the penalty for non-filing of tax returns.

The clause ‘losing relief in case return not filed within due date’, was apparently not completely and clearly understood by the people and they concluded that complete Chapter VI A deduction is covered. The general public seems to have understood that deduction u/s 80C (payment of School Fee/LIC/PPF), 80G (Donations), 80D Mediclaim, 80TTB & 80TTA (interest from the bank) will no longer be allowed if the filing of the Income Tax Return is done after the due date. This is not true as only Part C of Chapter VIA is included in the budget proposal.

There are chances of loss of relief in case of some incomes mentioned in Part C and this is when the ITR is filed after the due date. The relief permitted under the other four parts will remain undisturbed by the proposed amendment. The Chapter VIA of the Income Tax Act 1961 covers the “Deductions to be made in Computation of Total Income”.

There are five parts to this chapter.

• • Part A is General and covers Sections 80A, 80 AB, 80AC, and 80B.
  • Part B covers deductions in respect of some payments (containing Sections 80C to 80GGC)
  • Part C includes deductions in respect of some incomes (this includes Sections 80H to 80TT)
  • Part CA covers deductions with respect to other incomes (covering Sections 80TTA and projected 80TTB)
  • Part D includes other deductions (covering Sections 80U).

Payments of Life Insurance Premiums, investing in school fee, provident fund, health insurance, medical treatment, preventive health check-up, interest for loans taken for house property/education, charity given to some institutions, rent paid, and political parties etc. are included in Part B of Chapter VIA and will remain unaffected by the proposed amendment. This amendment will not affect the deductions of Bank interest u/s 80TTA and proposed 80TTB and person with disability u/s 80U will remain unaffected by this amendment.

As per this proposed amendment, the people who are eligible to claim deductions covered in these sections only will not get deductions under Part C of Chapter VIA if their IT return is filed after the due date. This includes Section -80-IAC, Section 80-IBA, Section -80JJA, Section 80LA, Section 80P, Section 80 QQB, Section 80 RRB.

The following sections under Part C of the chapter VIA have been in force under section 80A I case of filing IT Return after the due date. These are Section 80IA, Section -80-IAB, Section 80-IB, Section -80-IC, Section-80-ID, and Section-80-IE.

A study of Part C shows that even though this part had 41 sections only 14 are applicable in the present context. Thus the general public should not feel anxious about losing the deductions available to them under Part B, CA and D even if they file the Income Tax Returns after the due date but prior to the relevant Assessment year or before completion of the assessment whichever takes place earlier.

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Financial year FY 2018-19 started and the new budget brought some changes to income tax laws for this year. We must be aware of these changes and should plan our taxes and investments accordingly. There are some relief points and some pains in this Budget. Let’s see the top 10 changes Budget 2018 made & all of these changes are applicable from April 1, 2018.

1. Transport Allowance & Medical Reimbursement not Tax Exempted

The Transport Allowance & Medical Reimbursement are no longer tax free. Currently the transport allowance was tax free up to Rs 19,200/- and medical reimbursement up to Rs 15,000/- so free from submitting above bills to the employers.

2. Standard Deduction of Rs. 40,000/- for salaried persons

A standard deduction of Rs. 40,000/- for salaried tax payers as well as for pensioners too. This deduction can be availed without submission of any proofs.

If point #1 is considered and subtracted from this deduction then there would be additional Rs. 5,800/- tax exemption for the salaried persons.

3. Cess hiked to 4% and named as Health and Education Cess

From FY 2018-19 the existing Cess of 3% (Education, Secondary and Higher Education Cess) has been increased to 4% and named as Health and Education Cess.

4. Reintroduction of LTCG on stocks and equity based mutual funds

Budget 2018 has reintroduced long term capital gains (LTCG) tax of 10%+Cess (i.e. 10.4%) on gains made of sale of equity or equity oriented mutual funds. To qualify for long term capital gains the stocks/mutual fund should have been held for at least 1 year. Capital gains up to Rs. 100K are tax free.

5. Dividend distribution tax on Equity mutual funds

The dividends from equity mutual funds would attract dividend distribution tax of 10%. However the dividend received would be tax free in hands of investor. This will affect schemes that were distributing dividends as a strategy.

6. Increased tax exemption upto Rs. 50,000/- on interest income for senior citizens

As per New section 80TTB, senior citizens would be able to claim interest income up to Rs 50,000/- as tax exempted income.

7. Tax deduction for Single Premium Health Insurance Premium

If you buy single premium health/medical insurance policy covering multiple years say for 5 Years then the  the tax exemption u/s 80D would be available proportionately for all the years.

8. Long Term Capital Gains Bond only eligible for capital gains from property

The long term capital gains tax exemption by investing in long term capital gains bond from specified companies (NHAI, REC or PFC) u/s 54EC would only be available for capital gains from sale of property including land, residential or commercial building.

9. Tax exemption on NPS for the Self-Employed

Till now, employees contributing to the National Pension System (NPS) were allowed to withdraw up to 40% of the total corpus without any tax at the time of maturity or closure of the account. The same benefit has now been extended to self-employed subscribers.

10. Senior citizens get Rs 20,000/- additional deduction on health premiums

Senior citizens will get a deduction for health insurance premium under section 80D of Rs 50,000/- up from Rs 30,000/- last year. There is also a hike in the deduction limits for medical costs on specified critical illnesses from Rs 60,000/- – Rs 80,000/- for senior citizens and Rs 100,000/- for very senior citizens who are 80 years and above.

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Now-a-day there are number of startups opening and gaining success as well worldwide. Either it is online or offline, all the businesses and startups have to follow some/all of the guidelines laid out by their governments and related ministries/offices in their respective countries.

Register A Company or Startup Online In India

In India, registering a company or startup or any business has become quite easy. First and foremost, there are some official procedures a startup or a business has to follow in order to register them in Indian official records. MCA (Ministry of Corporate Affairs) is the central point where all the businesses/startups falls in and gets their registrations done.

Types of companies to register in India

1. Private Limited Company
2. Limited Liability Partnership (LLP)
3. One Person Company (OPC, this is also a private limited company with one person as Director)
4. Sole Proprietorship
5. General Partnership

From above types of entity registration, if you have a startup in which you need to raise funding in future through equity as the most preferred way, entrepreneurs have the option to get private limited company registered which limits the liability as well.

Process to register a company

MCA in recent days made it very simple to register any startup or business as a company in a few days only whereas it was very cumbersome few years back. Companies in India are registered with the Registrar of companies(ROC) under Companies Act 2013. Please find below on how to go about these processes when you want to register your company-

• • You can apply for registration just sitting at home. The registration includes some must follow rules and some registration like Digital Signature Certificate (DSC), Director Identity Number (DIN) and filing for an e-form.
  • These are four major steps:

• • Acquiring Digital Signature Certificate (DSC)
  • Acquiring Director Identification Number (DIN)
  • Preparing and filing Form INC-32
  • Incorporate the company, obtaining PAN/TAN/GST identification number and opening a bank account

Ministry of Corporate Affairs Introduced SPICe or Form INC-32. With this form (INC-32) Company registration has merged few processes like Getting Business Name Approval, Director’s Identification Number (DIN) and Incorporation Application into one single process.

Documents required to register a company

Before applying for the company, documents are required from the members/individuals need to be associate/partner/director of the new company as below-

1. Passport-sized photograph
2. Copy of PAN Card/Aadhaar Card
3. Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill whatever available
4. Voter’s ID/Passport card
5. Notarized Rental Agreement in English
6. No-objection Certificate from property owner
7. Utility Bill for the registered address

Steps to register a company

1. Acquiring Digital Signature Certificate (DSC)

In order to ensure the security or authenticity of documents filed electronically The Information Technology  Act, 2000 demands a valid Digital Signature on the documents submitted in electronic form.

This is the only and safest way that one can submit their documents electronically. As such, all filings done by the companies/LLPs under MCA 21 e-Governance programme are required to be filed using Digital Signatures by the person authorized to sign the documents.

DSC is e-signature to help you complete the new company registration online. It Normally takes 2 days to obtain DSC after the submitting the documents.

2. Acquire Director Identification Number(DIN) through SPICe or Form INC-32

Each director of the company should obtain their identification number. As per the amendment act 2006, acquiring a DIN is compulsory for every director i.e. as such every existing and intending directors have to obtain their DIN.

Register yourself on MCA Website first and have a login id. The process includes Director’s Identification Number ( DIN number ), Name approval, Memorandum and Articles of association (e-MoA(INC-33) and e-AoA (INC-34)), Registered office verification and Appointment letters and declaration.

Once all these documents are ready, we have to file the forms for company formation after which we get the certificate of incorporation.

3. Create a account on MCA Portal – New user registration

This is about having a registered user account on MCA Portal for filing a eForm, for online fee payment, for different transactions as registered and business user. Creating an account is totally free of cost. To register yourself on the MCA portal, click on the register link.

4. Apply for the company to be registered

This is the final major step in a registration of your company which includes incorporating company name, Registering the office address or notice of situation of office and notice for appointment of company directors, manager and secretary.

5. Apply for company’s PAN and TAN

Once you get the certificate of incorporation, PAN & TAN is applied in the income tax department and finally open the bank account of the company.

6. Apply for company’s GST identification number

Depending upon the type and size of the business, you will need to apply for GST identification number.

This information may help you registering a new entity for your business and basic insight about the idea of company registration. Registering a new company online though a tough process and one needs to adhere various procedures and have strong knowledge of all if & but so better advised to get the help of any expert like CA/CS/Advocate who have experiences in this field. However, online procedures are not so tough now-a-days (as online help to do everything is available in the internet) which you can’t try…Good Luck

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Filing income tax returns became earlier online and the last date to file it is March, 31. You can also pay your advance income tax through the internet, using the net-banking facility.

Steps To Pay Income Tax Returns Online

To pay your tax online, here are the simple steps to be followed as below-

1. Login to the Income tax website
2. Click on Services > e-payment
3. Select the relevant challan i.e. ITNS 280, ITNS 281, ITNS 282, ITNS 283, ITNS 284 or Form 26 QB demand payment (only for TDS on sale of property) as applicable.
4. Enter your PAN/TAN number and all the other mandatory challan details including accounting head under which payment is made, address of the taxpayer and the bank through which payment is to be made etc.
5. After the relevant data is entered, Submit it.
6. A ‘confirmation screen’ is displayed. If the PAN/TAN entered is valid and matches with the ITD PAN/TAN master, then the full name of the taxpayer as per the master will be displayed on the confirmation screen, validate the same.
7. On confirmation of the data entered (that appears on the screen), the taxpayer will be directed to the Netbanking website of the bank where one needs to pay the tax.
8. Login to the Netbanking website using the bank’s user ID/password for net-banking.
9. Enter the payment details on the bank’s website.
10. Once the payment has been made successfully, a challan counterfoil is displayed. This contains CIN, payment details and bank name through which e-payment has been made. This counterfoil is the proof of the payment that you have made.

You can also pay your income-tax using government apps like Umang and Aaykar Setu.

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If you are thinking of providing the utmost level of security to your family members and yourself, nothing can beat the contribution of insurance policies. Every living person on earth has different needs and requirements and in order to fulfill each demand, it is always safe to have a financial backup from Life Insurance Corporation of India. Moreover, for continuing to receive the service throughout your life, you need to need to know all about LIC premium payments.

Established in 1956, LIC has the most popular and largest insurance company in India as the estimated value of the organization is approximately US$250 billion. Due to the effective and efficient policies, the organization is able to dominate the Indian market on a large scale. Spreading all across the country, the company has acquired over 2000 branches that have around 14 lakh insurance agents helping every interested person regarding LIC premium payments online.

Know about LIC and its Services

The Life Insurance Corporation of India has gained its fame due to the unbelievable services and easy LIC online premium payment. After getting the policy, you can inquire about the policy status and its unpaid premium, policy schedule and its due date, bonus status and loan status. Easing people’s lives each passing day, the policyholders can make payments through UPI, BHIM, Credit Card, Debit Card and Net banking.

Register Yourself First for LIC Premium Payment

If you are not a registered LIC member, you have to register yourself first by following few steps. You need to get the registration form from LIC premium payment at first and then create an account following certain guidelines.

• For making LIC premium payment in future, you have to choose a proper username that will have alpha and numeric with special characters including and score.
• Create a strong password for easy LIC premium payment options with 8-30 characters.
• Chosen pin code must not exceed the limit of six digits. For averting fraudulent cases regarding password hacks, you must not share your password with anyone. In this way, you can have a smooth experience on LIC premium payment portal.
• By entering a valid email ID, you can enable the services regarding LIC premium payment offers.

If you want to proceed with LIC premium payment, you have to know the status of the LIC policy first. After going through the guidelines and policy related information and registering yourself for LIC premium payment online payment, you have to log in to the online portal.

How to check LIC Policy Status?

After being done with the registration and login stages, you will have to undertake the easy process of knowing LIC premium payment details including the status.

• At first, you are required to visit the official web portal LIC premium payment and entering username and password.
• Then choose the option that indicates policy status and fill out certain details.
• The details include LIC policy number, your date of birth, amount of the LIC premium payment and registered email ID.
• After providing details, you will be redirected to a new page where you will be shown all the policies that you have enrolled.
• On the page showing enrolled policies, you will see the dates of LIC premium payment and the amount of vested bonus.
• Only by clicking on the policy number then, you are shown LIC premium payment status.

Know Status of the Policy without Having Registration

 For future use of LIC premium payment, knowing the status is essentially required and if you are not a registered user, you might face certain constraints. You can opt for a phone call or SMS service for enjoying the best of the policies continuously. Moreover, everyone is not gifted with an internet connection, for them, the phone call or SMS service can be a great option for staying updated with the due dates of LIC premium payments.

• If you have to go for LIC premium payment, you need to send message writing ASKLIC STAT for inquiring about the IPP policy status.
• In order to know about annuity amount, you will be advised to send a text message mentioning the code ASKLIC AMOUNT.
• If you are keen to know whether you are gifted with bonus, you need to send a text writing ASKLIC BONUS and pay the LIC premium payment accordingly.
• For LIC premium payment without registration, the policyholders can give a call to 12151. If you have any query regarding LIC premium payment, the phone call service can help you out on a large scale as it offers 24×7 customer support.

Using advent technology, for LIC, the sky is now the limit as it is the only one organization that has been able to capture the market growth guiding every policyholder from LIC premium statement to LIC premium payments online. The convenient service lives to make people more secure and efficient through its service.

Check top Life and General insurance companies in Newskart.

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If you have PPF account and want to check the PPF balance or calculate the interest on the PPF then you need PPF calculator or Public provident fund calculator. I this article we’ve covered different type of PPF calculator which you can use to calculate PPF maturity amount, PPF withdrawal amount, PPF interest rate etc. Introduced in the year 1968, Public Provident Fund works with an objective to organize small savings in the form of investment combined with returns. PPF is popularly known as a tax saving investment instrument which helps an individual to create a financial cushion for retirement.

However, while many individuals find PPF to be a complicated investment instrument, it’s rather simple. For the many investors who find it confusing how the interest on PPF is calculated, the PPF calculator is one stop solution. It calculates the interest earned over a time period, the final maturity amount, or the investment growth over the years.

The PPF interest can be calculated every month, based on the minimum balance between the 5th day of the month till the end of the month. However, the total interest per annum is added back to PPF at the year-end. The PPF interest rate changes on a quarterly basis. The current PPF interest rate effective from 1st January 2018 is 7.6% per annum (Compounded annually).

An individual can make a minimum, annual deposit of Rs 500, whereas a maximum amount of Rs 1.5 lakh can be deposited in a PPF account. Any amount exceeding the limit of Rs. 1.5 lakh in a financial year will not earn any interest. The amount can be deposited either in lump sum or in maximum of 12 monthly installments yearly. The maximum tenure of a PPF account is 15 years, which can be further extended to 5 years and the complete amount can be withdrawn after the completion of the maturity period.

It analyses the changes in interest rate and also the month in which the interest rate changes during a financial year. As a PPF account includes both tax benefit and loan facility so it is important to calculate the tax exemptions and permissible loan amount also.

Types of Public Provident Fund Calculators

There are 7 major types of PPF calculator which help investors with the 6 different types of calculations pertaining to PPF.

1. PPF Fixed Monthly Investment Calculator

PPF fixed monthly investment calculator helps investors to estimate their payable amount when investing in PPF on a monthly basis. To calculate the monthly interest amount, an individual is required to provide the month and financial year of opening the PPF account and the fixed monthly deposit. Just submit these details and the result will show the payable amount.

2. PPF Fixed Yearly Investment Calculator

PPF fixed yearly investment calculator helps the investors to compute their payable amount when investing in PPF on yearly basis. However, the PPF interest rate keeps changing on a quarterly basis, the major detail that needs to be filled is the financial year when PPF account was opened and the fixed annual investment/deposit.

3. PPF Variable Yearly Investment Calculator

PPF variable yearly investment calculator requires investors to enter some basic information which includes the financial year of opening the PPF account and the amount deposited per annum.

4. PPF Benefit Calculator

PPF benefit calculator includes various elements like fixed yearly contribution, the age of the investor, and the prevailing rate of interest of that year. Once an individual provides all the details, the PPF benefit calculator calculates the tax-free income, income tax liability before and after investment, yearly tax saving and overall tax saving in 15 years.

5. PPF Loan Calculator

The PPF loan calculator computes the approved loan amount. To calculate the loan amount, one just needs to enter the balance in the account.

6. PPF Withdrawal Calculator

Pre-mature PPF withdrawals are allowed after the completion of seven financial years from the year of opening the account. One can calculate both the amount of withdrawals, before and after extension with the help of PPF withdrawal calculator.

7. PPF Maturity Calculator

PPF maturity calculator simply helps the investors to calculate the time of maturity of the PPF account.

While it’s great to have access to these calculators, it’s always good to have a working knowledge of how the total PPF balance is calculated at the end of a financial year. So, let’s take a look at two different cases to determine the difference your method of investing makes to your PPF returns.

Case 1: Mr. Bose invests Rs 90,000 as a lump sum on 1st April in PPF.

Interest calculation – Rs. 90,000/12 = 7,500 * 7.6% = Rs. 570

Total Interest accrued at the end of the year in Mr. Bose’s PPF account will be Rs. 6840

Total PPF balance at the end of the financial year in Mr. Bose PPF account will be Rs. 96, 840 (Rs. 90,000 + Rs. 6,840)

Case 2: Mr. Sarkar invests Rs 7,500 (Rs 7,500*12= Rs 90,000) under PPF before the 5th of each month.

Interest Calculation- Rs. 7,500*7.6% = Rs. 570

Total Interest accrued at the end of the year in Mr. Sarkar PPF account will be Rs. 6840 (Rs. 570*12)

Total PPF balance at the end of the financial year in Mr. Sarkar PPF account will be Rs. 96, 840 (Rs. 90,000+ Rs. 6,840)

Case 2: Mr. Sarkar invests Rs 7,500 (Rs 7,500*12= Rs 90,000) under PPF after the 5th of each month.

Interest Calculation- Rs. 7,500*7.6% = Rs. 570

Total Interest accrued at the end of the year in Mr. Sarkar PPF account will be Rs. 6270 (Rs. 570*11)

Total PPF balance at the end of the financial year in Mr. Sarkar PPF account will be Rs. 96, 270 (Rs. 90,000+ Rs. 6,270)

Conclusion

So, with the help of these examples, one can conclude whether he/she should invest annually or monthly under the PPF account. The interest calculation in PPF account is very simple. Moreover, with the help of PPF calculator, one can also know the right time to invest in PPF in order to avail maximum return.

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