Dream home beyond budget? Buy starter home, save on rent, shift to larger unit later: Here's how

THE ECONOMIC TIMES Tue, Mar 05, 2019 | 06:30 AM IST ET Wealth Newsletter

WHAT'S HOT #RERA,#sukanya samriddhi yojana calculator,#alternative investment returns monitor,#realty hot spot series,#stock pick of the week,#mf portfolio doctor,#family finance

Dream home beyond budget? Buy starter home, save on rent, shift to larger unit later: Here's how Start with a small, affordable unit, which can be swapped for a bigger house later. Here's how much you are likely to save from cut in GST on housing While there will be an increase in demand, the cost will go up for builders due to the withdrawal of input tax credit. How to claim tax benefit on tuition fees under Section 80C When you pay your kids' tuition fees, it qualifies for income deduction and also helps in reducing your tax liability. How much pension will Rs 10 lakh give per month ET Wealth tells you how much you are likely to earn if you invest Rs 10 lakh in an annuity plan compared to other options such as SCSS, PMVVY, debt and hybrid mutual funds Mutual funds sahi hai but returns nahi hai While the mutual fund industry earns a fat fee from investors, it fails miserably in delivering returns Can FAME put India's EV dreams on the fast lane? The history of EV incentives in India throws up unfulfilled promises. FAME-II needs to live up to its "INR10,000 crore" commitment to change that. Gayatri Projects is back in the reckoning Putting huge debt and a ratings downgrade behind, the highway-construction company's choice of contracts, investment discipline, and innovative use of tech have put it back in the reckoning in an otherwise unforgiving sector. From our Partners Types of travel insurance coverage in India " It's not just the cost of medical care that travel insurance covers, but all sorts of unfortunate situations like loss of baggage, flight delays and need for legal aid. Read on to know the types of coverage you should ask for." From our Partners Two things every parent should know while planning for child education Parents tend to look at short term goals and are mostly unprepared for their children's higher education. Why bad times should be a reason to invest rather than not to invest It's absolutely pointless to complain that the prospect of war is making markets volatile.If you invested in equities, then volatility is what you signed up for. GST cut, RERA have made realty buyer's market but wait till Apr 1 to buy Reduced GST tax rates will come into effect from 1 April, so wait for a month before you buy realty. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) JM Core 11 Direct Plan-Growth 4.33 -6.34 3.53 24.24 JM Core 11 Fund-Growth 4.16 -7.12 2.25 22.65 Reliance Large Cap Fund Direct-Growth -0.15 -6.22 2.31 18.26 Axis Bluechip Fund Direct Plan-Growth -0.41 -6.05 9.56 17.49 ICICI Prudential Bluechip Fund Institutional I-Growth 0.43 -7.48 1.59 17.03 FeaturedUTI Equity Fund Direct-Growth ★★★★★ 0.80 -10.21 5.30 15.04 Start SIP 4 money mistakes that women make In our country, women, even earning ones, let male members in the family handle the finances. Investing is complex because of financial illiteracy or lack of trust? We tend to brush aside genuine concerns of simple investors as problems of financial literacy. The real problem is a lack of trust. That is the issue to address.

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Dos and don'ts to ensure your HRA claim isn't rejected How to take a loan against your MF investments Setting your financial goals What if your brother asks you to be a loan guarantor? More Slideshows

Financial Calculators New LTCG tax calculator: Plan, compute your tax Use this tool to calculate long-term capital gains (LTCG) and the corresponding LTCG tax for listed shares and units of equity-oriented mutual funds. Tax Impact Calculator This tax calculator will help you estimate your tax liability. Just input your personal income details and know how much you would be liable to pay.

How to set a 10-year challenge to achieve your career goals Are you planning to get married, have kids, stay with parents, stay close to friends or have new ones? Your relationship goals will influence your choice of geography and career. How to maintain financial independence after marriage To start with, we must acknowledge that managing household finances is no longer only the husband's prerogative. How to calculate your retirement corpus It is important to factor in the rate of inflation that is likely to prevail after you retire to determine the corpus you will need to build through your earning years. Realty hot spot series: This prime Mumbai locality is well-connected to key job hubs This premium and centrally located area in Mumbai is well connected with the rest of the city. It also boasts good social infrastructure. Stock pick of the week: Why it is a good time to accumulate stocks of SAIL The recent correction in this counter, triggered by the fall in international steel prices, offers a buying opportunity. 5 allowances that are taxable for employees City Compensation Allowance (CCA) is offered to the employees to meet the living expenses in areas like the metros and big cities. All the documents you must collect at the end of financial year Investors must compile all income earned from various investments in the form of capital gain or interest, to ascertain the tax liability while filing ITR. ICICI Prudential Multicap Fund: Healthy risk-return profile With a 10-year return of 17.52%, the fund has outperformed the benchmark index (16.21%) and mirrors the category average (17.36%). MF portfolio doctor: Why Singh should avoid direct stock investments The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals. Tax optimiser: How salaried Kumar can save Rs 70,000 tax via perks, NPS Not only should you ask your employer for the NPS benefit, but you should also invest in the scheme on your own. Also, you can optimise your tax by rejigging your income and investments. Indians buying motor insurance online on the rise, but many don't renew on time: Survey 75 percent respondents with lapsed policies bought fresh insurance after facing rap from the traffic police. Family finance: Why salaried Shah couple can achieve money goals easily Ahmedabad based couple get a combined monthly salary of Rs 1.64 lakh. Their goals include creating an emergency fund, buying an office, kid's education and wedding.

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Claim these deductions to save on tax this financial year

THE ECONOMIC TIMES Sat, Mar 02, 2019 | 11:52 AM IST Tax-saving guide

4 expenses that can help you save tax under section 80C If you have incurred any of the below-mentioned expenses in the FY 2017-18, then you can claim deduction for it up to a maximum of Rs 1.5 lakh. Medical expenses that can be claimed as tax breaks The deduction under section 80DDB can be claimed irrespective of whether you have paid a premium for a health insurance policy or not. Claiming HRA tax exemption in different situations Here are 3 scenarios young earners are likely to face while claiming tax exemption on HRA and how they can deal with these. Your parents' medical bills can help save tax: Here's how Budget 2018 has amended Section 80D of the Income Tax Act which allows a deduction for medical expenditure incurred on senior citizens. Home loan tax benefits you need to know about In Budget 2016, relief was provided to employees who were not granted HRA by employer by increasing the maximum limit of deduction. Don't forget to claim LTA tax exemption this FY: Here's how LTA exemption is available for 2 journeys in a block of 4 yrs. While the current block is 2018-21, one can carry it forward to the next block year. 10 thing to know before you buy term insurance To save on tax or pay a low premium, don't just buy any term plan without reading the terms & conditions. Here are a few important things one should consider. 7 lesser-known investments, expenditures for tax breaks Did you know you that can claim tax deduction on stamp duty? Here are other tricks that can help you cut tax. New tax laws that allow you to save more tax Here's a look at the new rules introduced in Budget 2018 and how much tax you would be able to save this financial year due to them. How to save tax on health insurance premium Premium paid towards health cover for self, family and parents not only provides financial help in case of medical emergencies but also reduces tax liability.

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