Financial Hospital Works as Financial & Investment Advisory .we help people to reach There specific goal of their life. We also do Retirement planning, Income Tax filling, Tax planning, Wealth planning. We are leading financial planner in Mumbai. We are working as financial planner since last 14 year we have best certified financial planner in our firm
How safe is your EPF (Employee Provident Fund)? - FinMarketGuru. The full form of EPF is Employee’s Provident Fund.
The provident funds are generally issued to all the salaried employees. The Employee’s Provident Fund is a scheme that benefits the individual in the later years of their life, i.e., when they get retired. Employees Provident Fund Organization of India (EPFO) maintains and regulates the EPFs and the interest rates that are applicable on the scheme. Employee’s Provident Funds are a form of investment made by the employee. The money that is deducted from your salary account every month feels like annoying but it is all in good hope. Changes that are taking place in the interests rate of the Employee’s Provident Fund EPFs are generally not so much market linked and thus they provide you a fixed return with a fixed interest rate every financial year on the principal amount that has been saved. How GST will Benefit Indian Economy? - GetMoneyRich.com. GST is the acronym for Goods and Services Tax.
GST will shortly be implemented in India. GST will replace all other indirect taxes in India. GST will be a single tax structure where there will be the only one indirect tax borne by the ultimate consumer. Let’s see how GST will benefit Indian Economy. One market for all Being a single tax structure, GST will be replacing all indirect taxes. Unified market will also benefit the dealers. Simplification of prevailing indirect tax structure Currently, indirect tax structure in India is very complex. Most of the indirect taxes currently don’t allow the dealer or manufacturer, to avail the tax credit (on inputs or input services utilized) to be set off against tax liability.
GST will be bringing in input tax credit mechanism. Reduced Logistics and Inventory costs As per survey of UBS securities, 60% of the time of truck drivers is spent at check posts and toll plazas. Such inflated cost ultimately hampers the final consumers. WHY YOU NEED FINANCIAL PLANNING FOR YOUR CHILD'S FUTURE? When you become a parent the responsibilities of the family and child increases on your shoulder and you begin planning for the future of the kid like in which school he or she will be studying and where you want to raise your kid or which place will be the best for his or her graduation and further studies and whether or not to send him or her abroad for studies and the main planning about his or her wedding.
As a parent, you always want your child to have the best of everything and for that you start planning for your family at very early stages of the life. It is a very good practice in life so that in the later years when you need the capital and money for your child then you are ready with all the help and support for your kid. Financial planning for the future of your kid is an important task that you should never neglect. Parents are still confuse where to invest and how to provide best education to their child in today’s world.
Things To Teach Your Kids About Money Management. Really?
Money management for kids? Yeah, they are growing in a very high paced and global environment, where they would need to manage their every penny. This is not an easy task as you know it, so why not start early? Good habits die hard and this money management habit will really help them a lot in future. So let’s start! Pocket Money Pocket money or monthly allowances can effectively be used as a means to make the kids understand about money management. Constraint on resource availability Limited allowance or pocket money has to be effectively planned and applied for their various needs. Prioritizing the needs The children understand and try to prioritize their money needs because there is restriction on allowance. Expose them to decision making When they are faced with any dilemma as to what to put as a priority, you can just encourage them to make a choice.
Surplus or deficit management. How GST will change taxation in India? Indirect taxes in India is a mix of numerous taxes including state and central indirect taxes.
Most of the businesses are forced to remold themselves due to this taxing structure of indirect taxes. With a range of indirect taxes from Value Added Tax (VAT), Central Sales Tax (CST) to Octroi, Entertainment tax etc., the taxpayers are just burdened with additional tax burden of tax on tax. Introduction of GST is promised to remove the complexity and bring more transparency in indirect tax structure. Let’s see how it will impact existing tax system in India. Top Secrets to Choose the Best Term Insurance Plan. You cannot predict what is there waiting for you in the future.
There are always lots of uncertainties and causalities coming up for you in the future and you are always unaware about it. These uncertainties cause a drastic financial crisis to your family and closed ones. You can help you loved ones by planning for your and their future and apply for a term insurance plan. Choosing the best term insurance plan for you can be a tiring task and that you must be well aware of the needs and requirements of your family at the present times and the future.
Term insurance plan is a standard risk cover plan that you can easily have for yourself. You must be clear with the fact that it is not similar to one of those whole life insurance policies but these term insurance plans are set for a particular time period of 5, 10, 20 or 30 years to provide you the term insurance coverage.