When you buy real estate or apply for a loan or a visa, you may be asked to present proof of sufficient funds. You can submit an account statement, but a statement contains much more information than they need to know. You only need to show that you have more than a certain amount. You don’t want to give them your account number, exact balance, or transaction details. ...
When it comes to filing your Income Tax Return (ITR), you may have noticed that the final tax amount you pay is slightly higher than your calculated income tax. This is because of an additional component called health and education cess — a small yet significant contribution that every taxpayer makes towards the nation’s healthcare and education development. ...
Wondering how to prove a Will in India? Supreme Court clarifies that even a registered Will needs witness testimony under Section 68 Evidence Act. ...
Ever wonder why everything is sold as a monthly payment? It's not an accident. ...
My other post listed 2026 401k and IRA contribution and income limits. I also calculated the inflation-adjusted tax brackets and some of the most commonly used numbers in tax planning for 2026 using the published inflation numbers and the same formula prescribed in the tax law. ...
Sector or sectoral mutual funds are a subcategory of equity funds. According to SEBI, these funds must invest at least 80% of their total assets in equity and equity-related instruments of a specific sector. This means that if you’re investing in, say, a banking and financial services fund, 80% or more of your money will be allocated to the stocks of banks and financial institutions, such as SBI, HDFC, and Axis Bank. Similarly, if you invest in a pharma and healthcare fund, over 80% of the investment will be allocated to companies such as Sun Pharma, Cipla, and Max Healthcare. ...
Confused about the 4% retirement rule? Discover why experts like Bengen keep changing the safe withdrawal rate—and why 3.5% may be safer in India. ...
We covered the new tax deductions in the 2025 Trump tax law in previous posts: seniors, car loan interest, tips, overtime, charity donations, and the SALT cap increase. The law also created a new type of tax-advantaged account called the Trump Account. ...