Tax Breaks beyond Sec 80C – Know them

Tax Breaks beyond Sec 80C – Know them

While most of us are aware and familiar with the tax deductions under Sec 80C, it is important that we do not miss out on the other available deductions. Here’s list of deductions you can avail. Medical Insurance Premium. Sec 80D: We sure cannot miss out on this one. When someone in the family, meets with an accident, or succumbs to an illness, the medical expenses can completely wipe out the savings of the family. Paying adequate medical insurance premium for a policy is a financial discipline,that not just safeguards…

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Contingency Fund is critical for Every Salaried Individual

Contingency Fund is critical for Every Salaried Individual

Losing job is a reality, have a Contingency fund to keep you afloat Nishant Mongia, a 40-year-old software professional, woke up to a call on a Monday morning from his office telling him he was out of a job. Mongia, the only bread earner in his family, had no clue what to do as he had not made provision for a contingency fund.   With permanent jobs becoming a myth, this is a situation many people fear. Most experts say keeping an ‘Emergency Fund’ or a ‘Contingency Fund’ is the…

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