Hey there, friends! Today, we’re going to talk about something really cool and important – giving back to society and how it can also give back to you, especially during tax time! 🤗 What’s This All About? In India, when you donate to charity, not only do you get a warm feeling in your heart, […]
Absolutely! Let’s dive a bit deeper into Section 80G of the Indian Income Tax Act, which is like a helping hand for both you and the charities you support. 🤝 The Heart of Section 80G Think of Section 80G as a ‘Thank You’ note from the government for your charitable actions. It allows you to […]
In India, there are many charitable organizations where your donations can qualify for tax deductions under Section 80G. Here’s a list of some common ones that are eligible for a 100% deduction without any qualifying limit: And here are some that are eligible for a 50% deduction without any qualifying limit: Remember, these are just a few […]
Going to the doctor and taking care of your health is super important for your family’s future. Knowing how much it costs and handling those costs helps make sure it doesn’t become too much of a problem. So, managing healthcare costs is key! Introduction In India, where family comes first, the health of our loved […]
Certainly! Here are some real-life examples of how individuals and families in India are managing healthcare costs: 1. Utilizing Government Schemes Many Indian families benefit from government healthcare schemes like Ayushman Bharat and Rashtriya Swasthya Bima Yojana. For instance, a family from a small village in Uttar Pradesh was able to get free treatment for their father’s heart surgery, […]
Hello, Finance Buddy!Are you dreaming of the day you can say goodbye to your mortgage? It’s not just a dream; it can be your reality! Let’s dive into the world of smart financial planning and discover how you can speed up paying down your mortgage faster, saving you money and giving you peace of mind. […]
Tell me more about mortgage insurance. Mortgage insurance is a special type of insurance policy designed to protect the lender from the risk of default and foreclosure. It’s particularly useful when you make a smaller down payment on a home loan, typically less than 20% of the home’s value. Here’s a simple breakdown of how […]
In India, what are the different types of mortgage insurance comes in various forms to cater to different needs and scenarios. Here are the main types of mortgage insurance you’ll find: 1. Level Cover Plan This plan keeps the coverage amount constant throughout the loan tenure. No matter how much you’ve paid back, the insurance coverage […]
When it comes to mortgages, what are some common mortgage mistakes to avoid . So that you can save from financial headaches down the road. Here are some common mortgage mistakes that you should avoid: 1. Not Checking Your Credit Score Your credit score is like your financial report card. It’s crucial for loan approval […]
Welcome to the world of smart finance! Whether you’re a young professional starting your first job, or you’re in the prime of your career, understanding how to use credit cards wisely is crucial. Let’s embark on a journey to financial wisdom that even an 11-year-old can grasp! The Magic Plastic: Your Credit Card Think of your […]
