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tax planning services
There is more to tax planning than the exemptions available on savings made by you. With our Tax Planning advice, you will pay the right amount of tax and know how to tax proof your income and gains. After all, your capital is more productive in your hands and it can work wonders for you if planned properly. We guide you in Planning & managing your finances and achieving your financial goals. Basic planning starts with tax planning services which can increase the take home income. These investments can also cater to a few of your needs if this is well planned. Tax planning is not restricted only to tax savings investments (Section 80C). There are several other components e.g. HRA, Home Loans, LTA, Sec 80D, Re-imbursements, etc to reduce the taxable income.
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retirement planning services
With retirement not far around the corner, your needs will be rapidly changing. And you will be asking the big questions – what does retirement mean to me, and will I have enough? How can I be better off? As our lives change, our financial needs and priorities change too. Even if you’re years away from retiring, you’re wise to be thinking about retirement planning. Years from now you’ll be a lot happier saying, “I’m glad I did” instead of “I wish I had”. A retirement plan is an assurance that you will continue to earn a satisfying income and enjoy a comfortable lifestyle, even when you are no longer working. Investment Locker will help you understand how much you need to grow your wealth before you retire and how to plan for it.
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Life Insurance Services
Well this page is aimed to give you a complete understanding on how it works and what you need to understand to choose the products that suits you the best. As at every life stage, everyone has a set of primary needs that requires sufficient funds to fulfill them. This is where life insurance comes into the picture- as it offers tailor made products to cover every aspect at different stages of life. There is no doubt that life insurance is a must have for everyone. Hence its very crucial to have a complete understanding of the value a life insurance policy can bring in to your life and that of your loved ones. A life insurance policy is actually a contract with a insurance company. A lump sum amount is provided, in exchange for premium payments, known as the death benefits, to the nominees or beneficiaries upon the death of the insurer. While choosing a life insurance, the advisor will help you to map it needs & goals. This will help you pick out the options that suits you the best.
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Health Insurance Services
With medical costs spiraling out of control and the increase in shift to lifestyle diseases, healthcare today is at its all-time high in terms of treatment costs. In the event of an unforeseen illness, you may have no option other than to utilize your hard earned savings, built over your lifetime. Finally, what’s more important than your health and what better way to protect it than with the right Health Insurance Plan. A Health Insurance plan ensures complete peace of mind and makes sure that you use your hard-earned savings for the real reasons – Be it your child’s higher education or his dream wedding, a well deserved family vacation or just about anything you dreamed all your life.
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GOI Bonds Services
An investment avenue in which an investor loans money to an entity (government or corporate) that borrows funds for a defined period of time at a fixed interest rate. Bond market has not attracted retail investors to it. But in recent times, lackluster equity markets and low rate of interest have attracted retail investors towards bonds issued by corporate. Advantage: the rate of interest is high. Disadvantage: no security, interest earned is taxable. So before investing in bonds do check the credibility of the company offering the bond and past record of the company.
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Goal Planning Services
Goal planning is a proven investment strategy that seeks to accrue a targeted amount of money within a pre-determined time horizon. It is an approach designed to help you save the specific amounts that you will need to reach each of your stated financial goals. Our approach towards securing your financials aspirations is to first set the goals and target investments to each of them. This approach breaks down 7-foot hurdles into smaller achievable 1-footers that are much easier to cross.
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General Insurance Services
General Insurance or Non-life Insurance policies is a practical option for every person who would like to live a risk-free life. Risk is associated with everything and so, it is important to secure all the things that we own and that security is provided by insurance. General insurance covers insurance policies fire, marine, motor, accident and other miscellaneous non-life insurance.
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Fixed Deposit Services
These types of deposits are offered by corporate companies. Generally, banks are the issuers of fixed deposits services or products in India.But there are other non banking institutions that offer similar deposit products to investors. These corporate entities could be involved in various businesses & may require capital to fund their operations. In such scenario, they issue deposit certificates to the investors of different tenures at fixed interest rates. These types of deposits offer high interest rates than the ones offered by banking institutions. Hence, investors prefer to include corporate deposits in their investment portfolio.A well chosen corporate deposit scheme will yield great returns for an investor. Though these type of deposits offer higher interest rates, there is also a slightly higher risk associated with them.
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child education planning services
One of the most important aspirations in a parent’s life is to provide for and secure your child’s future. Starting with the education of the child right up to their marriage, the responsibilities of parents towards their children can seem endless. Every parent knows that you have to start setting aside a certain sum of money for your child’s needs as early as possible.
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Finance Administration Services
Tax Slabs Services
(a) In case of a resident individual of the age of 60 years or above but below 80 years, the basic exemption limit is Rs. 300,000. (b) In case of a resident individual of age of 80 years or above, the basic exemption limit is Rs 500,000. (c) Finance (No.2) Act, 2019 provides for surcharge at: • 37% on base tax where income exceeds Rs. 5 crore; • 25% where income exceeds Rs. 2 crore but does not exceed Rs. 5 crore • 15% where income exceeds Rs. 1 crore but does not exceed Rs. 2 crore; and • 10% where income exceeds Rs 50 lakhs but does not exceed Rs. 1 crore. Marginal relief for such person is available. (d) Health and Education cess @ 4% on aggregate of base tax and surcharge. (e) Finance Act, 2019 provides a rebate of lower of actual tax liability or Rs. 12,500 (against earlier rebate of Rs. 2,500) in case of individuals having total income not exceeding Rs. 500,000 (against earlier income of Rs. 350,000).
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Tax Calculation Services
By careful planning, one can reduce tax liability substantially. Don’t wait for last minute. Start in April and use monthly investments to reduce risk. It will be easier on your pocket as well. Try and achieve tax planning and also planning for your needs simultaneously Use tax efficient investment avenues. You should not be paying too much tax on their returns
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tax deduction services
Under Sec.80C of the Income Tax Act. Premiums paid up to maximum of Rs.1,50,000 subject to maximum of 20% of Capital sum Assured under Traditional & Unit linked Plans. Under Sec.80CCC of the Income Tax Act. Premiums paid up to maximum of Rs. 1,50,000 under pension plans. However, u/s.80 CCE, the aggregate amount of deduction under section 80C, section 80CCC, and section 80CCD shall not, in any case exceed one lakh rupees. Under Sec.80DD of the Income Tax Act. Premiums paid under plans exclusively for physically handicapped persons upto Rs.50,000/-In case of severe disability as certified & issued by the medical authority upto Rs. 75,000/- Exemption of Life Insurance Proceeds. Under Sec.10(10D) of the Income Tax Act. Maturity benefits are tax free. However in cases where premium exceeds 20% of capital sum assured within a year, benefits paid in excess of premiums paid will be taxable. Death benefits are tax-free.
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Monthly Income Scheme Services
Safe & sure way to get a regular monthly income Specially suited for retired employees/ Senior Citizens or any one with high sum for investment Rate of interest 7.3% w.e.f 1 Jan 2018 Maturity Period - Five Years Auto credit facility to SB Account. Type of Account Minimum limit Maximum limit Single INR 1500/- INR 4.5 lakhs Joint INR 1500/- INR 9 lakhs
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recurring deposit services
Any individual (a single adult or two adults jointly) can open an account Advance Deposits earn rebate Four defaults are allowed Rate of interest 6.9% Defaults can be paid within two months Part withdrawal facility available Premature closure allowed after three years Pay Roll Savings Scheme is also available for employees of various Establishments
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