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MF Series 2 : How can I save tax with a Mutual Fund (ELSS)?

There are only two things certain in this world. Death and Income tax (unknown).
While we cannot do anything about the former we can certainly do something about the later. Since, we know for sure that we cannot avoid taxes why not try to save them, legally. Government had provided several instruments under which you can [...]

[ More ] July 8th, 2008 | No Comments | 310 views, 2 so far today

EPF mandatory for small organizations (10 employees)

Employee Provident Fund (EPF) will be mandatory for organizations with 10 or more employees. This has been approved by Government of India. This limit was previously 20 employees. Employee contribution towards EPF is 12 % of basic and that of employer is close to 13 %.
Discussion to alter the interest rates for the Provident Fund [...]

[ More ] July 6th, 2008 | No Comments | 205 views, 3 so far today

What your financial advisor did not tell you about ULIP?

What is the classic sales pitch of a guy who is trying to sell you an ULIP? You only need to pay the premium for first 3 years and you will have the benefits of insurance and gains of capital markets. How much truth is there to this statement. Let us find out.
1. The amount [...]

[ More ] July 5th, 2008 | No Comments | 321 views, 3 so far today