Income Tax deduction simplified

Income Tax deduction simplified 4

Some one had once said “the best things in life are free, but sooner or later the government will find a way to tax them”. Over the past few years, the Government has steadily whittled down tax exemptions available to the common man. Thankfully, there are some still available that allow deductions from our gross income.

Are your finances geared for medical emergencies?

Are your finances geared for medical emergencies? 5

Individuals build a corpus for various purposes like child’s education, buying a house and child’s marriage, among others. However, when it comes to accumulating a corpus for medical emergencies, individuals are not as proactive. With avenues like medical insurance on hand, individuals believe that having a medical insurance will suffice all their medical expenses. However, the reality is far from this.