News From Press Tax & investment tips for young earners

Tax & investment tips for young earners

Source: Mint Feb 17, 2022

Ramesh Verma, 28, has his tax planning game on point. He has fully utilized the ₹1.5 lakh 80C limit, makes ₹50,000 contribution to National Pension Scheme (NPS) for deduction under Section 80CCD(1B) and is repaying an education loan. But ask him about his financial goals or an emergency fund and Verma falls short of words. “I have little liquid savings but with my current tax-saving plan my taxable income is below ₹5 lakh exemption limit and I don’t have to pay any tax," he said.

Click here to read

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Limited premium plan easier on the pocket

Govt proposes major amendment to insurance act to open up agent ties

EXPLAINER | Why we need more foreign insurers

'Large caps attractive after recent market correction'

India: Life market expected to grow by 15% in next 3-5 years

Gold funds vs ETFs: Which one should investors choose now?

MF industry seeks relaxation in rules framed to prevent market abuse

IRDAI seeks road maps to Dalal Street from large insurers

Finance Ministry backs raising FDI in insurance to 100%

Beyond college funds: Why parents need to invest for a skills-first future

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS