#FirstSalary#Dowhatyoulike#Enjoywisely

"Ac XXXXXXXX00002760 Credited with Rs.51,442, 31-01-2019 20:34:11. Helpline 18001809990.Update your Email ID in account for details."

Happiness is when you get this most awaited SMS on your mobile.And then follows the confusion between heart and mind, soul and body, PRASAD or Party.These are and may be your steps just after getting that hard earned and fully valued FIRST SALARY.Ohh..one whole month of learning, working with new people,adapting new culture,new rules (wherein earlier it was 'mah rulz Mah Lyf' LOL) and yeah forgot the one who is literally difficult to cope with 'your New BOSS'.

Must Read : March-means-tax-planned

1.Thank God with Prayer and PRASADAM

First salary must be result of your hard work but that omnipresent power is always there to show you the right path and there is no better way to thank God with Prayer and PRASADAM or as per your religious outlook. Be ready to help someone needy and weak on your way to temple /mosque/ church. Thank God and pray for blessings in shape of guidence.

Must read : 5-real-tax-saving-investments

2. Buy your parents a forever kind of gift

What I did was I entirely withdrawn my salary from my account and gave it in hands of my mother.And really believe me it feels heaven when you do that. And yes she kept only some amount for offering PRASADAM and sweets for family and for rest she said Enjoy !!!

Or else a watch is always a great idea! Or if there is something specific you know of, that they love or have always wanted, then go ahead and put a smile on their faces by gifting it to them. This one is also a priceless feeling!

3. Yahoo!! PARTY TIME!!!

5 Real Tax Saving Investments - बाकी सब मोह माया है !!!

1.Invest in ELSS – Tax Saving Mutual Funds Highest returns among other 80C options Lowest lock-in of 3 years Option to invest monthly (SIP) as low as Rs.500 or lumpsum Get online investment proof Simple as hell - download mobile app of any Mutual fund - fill details select tax saver fund - and its done Below are best funds right now for investment - Beauty of ELSS is only it has advantage of 3 years lock in period and for people up for 1.5 lac investment can invest in this and after 3 years would get lumpsum amount including returns and could create buffer for every year 1.5 lac investment. लगातार 3 साल ELSS में 1.5 लाख Invest करने से 4 साल से हर साल Invest करने के लिए एक फ़ंड बन जाएगा | All about tax saving and PPF 2.TERM INSURANCE PLAN : If you think term insurance is a ‘waste of money’, think again… Do any of these sentences sound familiar? Insura...

Public Provident Fund- आस्था है तो सब कुछ है||

Public Provident Fund- आस्था है तो सब कुछ है|| (An advice from elders) Public provident fund or PPF is a very important and must have instrument in one’s investment portfolio.This is something that is told by all elders to young earning member of family to open a PPF account as since ages it is considered as one of the best ways to save tax, tong term saving and tax free return instrument. But one has to have clarity on its provisions and basic PPF rules so that one can make the optimum use of the instrument to achieve its future life and financial goals. A minimum yearly deposit of ₹500 is required to open and maintain a PPF account. A PPF account holder can deposit a maximum of ₹1.5 lacs in his/her PPF account (including those accounts where he is the guardian) per financial year. There must be a guardian for PPF accounts opened in the name of...

Tax Saving - जल्दी का काम शैतान का||

कहते हैं जल्दी का काम शैतान का। बाकी का पता नही पर Tax Saving के बारे में ये सच है। Now whenever February march starts two type of creature in financial sector become aggressively active, ones like zombies in search of only tax saving products in their mind that too in so much haste that beats the basic nature of saving. 2nd are those fox like cunning so called financial advisors who aggressively shoot these zombies in head by selling them those tax saving products which are beneficial for the seller and does nothing good for the investor. जल्दबाजी क्यों ना करें- 1. Coz this is your hard earned money and this tax hoax should not either deprive you from good returns or principal amount itself. 2. Most of the time these investment are for long term and need to be consistently paid for years.It must be worth the effort and money that is going to be paid for longer period. 3.While one is in haste, tendency is to overlook all shortcomings an...

ELSS - नहीं पता ?? इसको उठा ले रे देवा

Equity Linked Savings Scheme or ELSS It is the only mutual fund eligible for 80C deductions. ELSS is a diversified equity mutual fund that offers tax deductions upto Rs. 1.5 lakhs annually. आसान भाषा में कहे तो ELSS में जमा राशि 80C के 1.5 लाख के deduction के लिए eligible है| अब इसमे खास बात क्या है ये सब तो TAX SAVER FD,पीपीएफ़, NSC, INSURANCE में भी है| खास बात है इसका LOCK IN पीरियड और इससे मिलने वाली रिटर्न | INVEST कैसे करें - ज़्यादातर म्यूचुअल फ़ंड कंपनी ELSS में invest करने के लिए अपने मोबाइल एप्प. पर ऑप्शन देती है | उसमे लॉग इन कर अपनी requirement के हिसाब से प्रति माह या एक साथ lump sum इन्वेस्ट किया जा सकता है| ELSS की परफॉर्मेंस और returns इंटरनेट पर चेक की जा सकती है| Invest in ELSS – Tax Saving Mutual Funds Highest returns among other 80C options Lowest lock-in of 3 years Option to invest monthly (SIP) as low as Rs.500 or lumpsum Get online investment proof Simple as hell - download mobile app of any Mutual ...

Term Insurance - A life sailing boat

Term Insurance - करना ज़रूरी है।।। कुछ बहुत ज्यादा नामी बीमा कंपनियों ने "बीमा" शब्द को इतना भयावह बना दिया कि अब लोग किसी बीमा एजेंट के परिचय होने से और उनको अपना मोबाइल नंबर देने से भी डरने लगे हैं| क्योंकि ये सेल्स मेन इतने pushy होते हैं कि बिना जाने भी रेगुलर फॉलो अप्स के चलते बीमा खरीदना ही पड़ता है| कारण सिर्फ एक है कि बीमा एक अति आवश्यक जीवन दायिनी होने के साथ साथ Bank FD,mutual fund आदि की तरह निवेश का माध्यम बना कर समझाई और बेची जा रही है | परंतु अब आम लोगो को यह समझाना कठिन हो चला है कि बीमा का शुद्ध रूप कुछ और ही है| टर्म इन्शुरेंस (TERM INSURANCE ) जिसके बारे मे अब कुछ बाते होने लगी हैं वही बीमा का शुद्ध रूप है | इस प्रकार के बीमा में अपने आप को बीमा से सुरक्षित कराने वाला व्यक्ति एक निर्धारित समायावधि मे प्रति वर्ष एक निर्धारित राशि प्रीमियम के तौर पर चुकाता है तथा इस समयावधि में बीमित व्यक्ति की मृत्यु की स्थिति में क्लैम राशि का भुगतान किया जाता है| समझने की बात यह है की क्लैम के समय मिलने वाली रकम की गणना बीमित व्यक्ति क...

Term Plan - कहते सब हैं लेता कोई नहीं|||

Why do you need Term Insurance? Your family depends on you: The term insurance money can be used to meet your family’s monthly expenses and important goals like your child’s education. Your assets need protection: You may take loans for assets like a house or a car. However, if something happens to you, your loved ones might be burdened with loan repayments. In such a situation, the term insurance payout which your family will receive can be utilized in paying off outstanding loans. Lifestyle risks: Modern day lifestyle problems can lead to a host of ailments. Some term insurance plans don’t just protect your family after death but also during your lifetime by offering critical illness protection. This feature pays out on the diagnosis of certain critical ailments like cancer or heart attack. अब देखते हैं कि क्या ऐसे फायदे हैं जो TERM PLAN से मिलते हैं - High Life Insurance Amount at affordable premiums: Term insurance plans provide high life...

Have a Well-Stocked Emergency Fund

We normally think of having an emergency fund as being a short-term financial goal. And from a mechanical standpoint, that’s true. However, an emergency fund has important long-term benefits, which is why it’s one of the good financial goals that you should plan to achieve. Here are just some of the benefits that a well-stocked emergency fund can provide you with throughout your life: It can take away a lot of the money worries that you have since you know that you will always have a reserve should you get into a tight spot As is expected of an emergency fund, it will be there to cushion the blow in the event of a sudden emergency, such as a job loss or a large medical expense It’s an important money management tool – if you can save money for an emergency fund, then you can save money for any financial goal that you have It provides you with an intermediate funding source – a kind of halfway point between your paycheck and your investment accounts – that ...

Sovereign Gold Bond- सोना यहां है मोना डार्लिंग😎

Gold prices in India have corrected sharply from record highs hit earlier this month. Gold prices in India have corrected sharply from record highs hit earlier this month. In futures markets gold currently trades at ₹ 51,400 levels per 10 gram as compared to August 7 highs of ₹ 56,200. "Sovereign gold bond is an effective way to invest in non-physical gold, wherein an investor does not have to worry about the storage of gold as it is in a demat form and there are no local taxes that a buyer needs to pay if buying physical gold," says Nish Bhatt, Founder & CEO of Millwood Kane International, an investment consulting firm. Here are things to know about latest gold bond scheme: 1) Sovereign gold bonds, which are government securities denominated in grams of gold, are issued by RBI on behalf of the Government of India. The investors will be issued a holding certificate for the same. 2) Gold bonds have a maturity period of eight years with an exit option after fifth yea...

March means Tax Planned!!!

With the onset of March every year, tax planning and saving become a primary concern for all. While a good financial plan begins from the first day of a financial year, if you have not been able to follow one, there is still some hope for you before it comes to an on March 31st. 1: Ensure Full Utilisation Of Section 80C Section 80C of the income tax act offers a wide range of financial instruments that provide tax deductions up to Rs. 1.5 Lakhs. Identifying the right investment instrument is essential to ensure you are investing as per your financial plan and not simply for tax saving. For example, the recent introduction of long-term capital gains tax (LTCG) means that your investments in if you are a low-risk investor you can opt for investments in PPF , National Savings Certificate, bank Fixed Deposits etc. Opt for an investment which works for you and not blindly follows what others suggest. 2: Opt For Health Insurance If you still have not bought a healt...

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