Manish Misra
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13 years ago @ PersonalMoney.in - Choose the best Childr... · 0 replies · +1 points
No single plan or product (MF, ULIP, PPF, FD, etc) will suffice your needs. You need to have a basket of products in your portfolio ideally. The reason I prefer ULIP for child plan is because of its long term nature. Over a 15 years period, ULIP would be better than MF is what I believe.
FD is not recommended for long term as the post inflation returns of FDs are minuscule but yes the principal+interest is guaranteed. PPF investments have a maximum cap per annum. So like a smart investor build a diversified portfolio and invest in MFs, ULIPs, PPF, also consider New Pension System (NPS).
13 years ago @ PersonalMoney.in - Choose the best Childr... · 0 replies · +2 points
However, we are certain that you will definitely return to our site :-)
13 years ago @ PersonalMoney.in - Do your Tax Planning e... · 0 replies · +1 points
13 years ago @ PersonalMoney.in - Health insurance is a ... · 0 replies · +1 points
13 years ago @ PersonalMoney.in - Health insurance is a ... · 0 replies · +1 points
13 years ago @ PersonalMoney.in - Authors · 0 replies · +1 points
Sure we will continue to share interesting tips and money management advises with our readers.
14 years ago @ PersonalMoney.in - Do your Tax Planning e... · 0 replies · +1 points
Sure, we will provide details of investing in Infrastructure bonds in one of our upcoming post.
14 years ago @ PersonalMoney.in - Income Tax Impact Calc... · 0 replies · +1 points
Thanks for your comment.
a) Employers include their contribution to the Provident Fund in your Cost-to-company. However, your contribution to Provident Fund is deducted from the salary and is deposited in your PF account. The PF is instrument for your retirement savings. So, even if it is deducted from your salary, it is your money being deposited in your retirement savings account. There are some rules and regulations on withdrawals from this account, ofcourse, which we will cover in one of our future posts.
b) By professional pursuit I assume its a reimbursement for upgrading your educational qualification / professional skills. Since it is a reimbursement it is not taxable in your hand. So no need to include it in the tax calculator. For Sodexho component, exemption has been granted completely for paid vouchers (such as Sodexho) provided to the employees. Further, even the employer is not levied any Fringe Benefit Tax on Sodexho Pass meal vouchers given to employees.
Hope this clarifies your queries. In case you need any other clarification please feel free to respond.
14 years ago @ PersonalMoney.in - 5 tips to select stock... · 0 replies · +1 points
14 years ago @ PersonalMoney.in - Impact of global finan... · 0 replies · +1 points
Sure, please let us know the details.