Financial Advisor Advice

Why Preparing Budget for financial planning is so important Hmm iss post ke medium se ajj ye smjhne ki try krege ki financial planning krtee time budget bnana kyo zrori haa Q: What do you mean by budget? Ans: Budget m ka aasan si language me mtlb haa ki apne ye dekhna haa ki apke ek time period ke expenses or incomes ke resources kya haa . Time period se mtlb ye haa ki apko income monthly aati haa for example: salaried class ya phir daily example: business class Q: Why budget is so important? Ans:Budget bnana isliye important haa agar apko ye nhi ptta ki apki icome kitni haa aur expenses kitni haa to app amount save nhii krr paooge. Isliye hmme apne future goals ko fulfill krne ke liyee Budget bnana must haa. Q: Time Period for preparing Budget? Ans:Budget ...

February 2018 Mutual funds It is very general in today’s world that many people are earning good amount of money and they want to save some for the future . Even if someone is not earning a great amount of money even though they want to invest somewhere so that they can save something for there future and MUTUAL FUNDS are one of the many options that people can use to yield some more. What is Mutual fund? A Mutual fund is a professionally managed investmet scheme usually run by an asset management company that brings together a group of people and invests their money in stocks, bonds and other securities. Note : What is a ' Bond ' A bond is a fixed income investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period of time at a ...

Effect of Standard Deduction of Rs 40,000 on your Taxable Income

How 40,000 Standard Deduction affect your Taxable income ? Standard Deduction 40,000 Standard Deduction :It’s an amount that you can simply deduct from your taxable income without the need for any proof. Which means, when you’re filing your tax returns this year if your taxable income is, say, Rs 5.6 lakh, you can simply remove Rs 40,000 from it, and calculate from a starting point of Rs 5.2 lakh. https://www.thenewsminute.com/article/standard-deduction-rs-40000-income-what-means-and-how-it-will-affect-you-75724 Travel And Medical Allowanc es : In the budget speech Finance Minister Arun Jaitely announced in Budget Speech 2018 the 40,000 standard deduction which you can deduct from your taxable income. But in lieu of this You cannot claim travel and medical allowance. In the previous financial year (2017-18), the travel and medical allowance were at Rs 19,200 and Rs 15000 per year respectively. Education and Swach Bharat Cess : Govt a...

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