Income Tax is considered to be one of the hardest things to understand what with 300 sections, subsections, case laws, clauses, sub clauses and many more. Unless you are at tax personnel, this information is sure to leave you at your wit’s end. However, ignorance is not considered to be bliss in this case and there are some basics that you should know about regarding your taxes.
Investment planning aids in the selection of appropriate investments per your financial goals and objectives. Nowadays, there are multiple avenues for investment planning including cash, bonds, securities, and real estate.
With the market throwing up new investment opportunities every day, many people tend to get confused regarding whether to invest in mutual funds or fixed deposits for better returns. Before choosing any of them, you need to carefully analyze risks and returns involved in the plan.
Every individual with a stable income must ideally save a percentage of their income as their savings for future use. Savings have become a common financial element in most households and are crucial for dealing with situations of the financial crisis.