Gupta Investments Financial Services Private Limited

  We remember most of the iconic Bollywood movies with their memorable dialogues. Same goes with the dialogue, “Picture abhi baaki hai, mere dost.” We can easily relate this dialogue to real life, when we talk about retirement. Retirement is not the end of life; rather it is the beginning of the second inning of life. Another dialogue we may remember, “ Zindagi badi honi chahiye, lambi nahi .” But what will happen if we live a life longer than expected and don’t have a planned corpus to take care of our financial needs and lifestyle maintenance? Hence, it is very important to plan for it in advance to avoid a crisis later. “Tareekh pe tareekh, tareekh pe tareekh.” We tend to keep on postponding the decision, when it comes to starting saving for retirement, thinking that we still have time to think about it. Early planning for retirement is always advantageous in bringing you closer to the required retirement corpus. The money you pooled grows significantly over time with the powe...

  HRA stands for House Rent Allowance which is part of salary component. Now that you are aware of the full form, but are you aware what is the advantage of HRA? How HRA can be utilized in claiming tax exemption to lower as well as save tax? House Rent Allowance is an amount paid by the employer towards an employee’s rental accommodation. House Rent Allowance (HRA) is a part of an employee's salary that cab be subject to partial or full tax deductions. The HRA calculation depends on various factors. Self-employed individuals can also avail of deductions and tax exemptions towards House Rent Allowance (HRA). They can claim these benefits by utilizing Section 80 GG. HRA in detail​: So, let’s understand more about House Rent Allowance. The HRA is a part of taxable income from salaries. While filing Income-tax return, the same should be shown under the head income from salary. However, exemption is available under section 10(13A) The exemption is based on certain set of cond...

  In simple words, a bonus is an additional sum of money or reward you receive on top of your base salary. There is a similar concept of a bonus in life insurance policies, where a bonus is an additional sum that is accrued to the life insurance policy on an annual basis and paid to the policyholder by the insurers. Depending on your policy's terms, this additional sum may be paid out either at policy maturity or upon the insured's demise. How is Life Insurance Bonus generated? A life insurance company's asset pool, which is used to cover claims in the future, is financed in part by the premiums paid by policyholders. A huge portion of the premiums collected by the insurance companies is invested government-secured debt instruments and some in equity. The rate of bonus is determined on the basis of return on fundamental assets, the level of bonus announced in the previous year, the insurer’s claim experience, and actuarial factors. Based on the earnings received from the in...

  Introduction : The Cost Inflation Index (CII) is a significant concept in the Indian taxation system that is used to assess the annual growth in the cost of goods and assets owing to inflation. This article is surely going to shed some light on the CII and how it affects capital gains tax computation. Cost Inflation Index (CII) : The Indian Income Tax Department uses the Cost Inflation Index (CII) as a measure to adjust the purchase cost of a capital asset for inflation. The long-term capital gains tax (LTCG tax) is effectively calculated with the help of the CII, considering the impact of inflation on the asset’s purchase price. Importance of CII : The main objective of the CII is to incorporate inflation into the computation of long-term capital gains tax. Taxpayers can reduce their overall tax obligation by lowering the amount of capital gains that are taxed by modifying the acquisition price of a capital asset. For example, if you have purchased a property in 1991-92 for Rs 2...

  Introduction We are knowledge seekers. We keep on seeking knowledge for one or other things throughout our life journey. The same is true about gaining knowledge on various investment aspects in the Indian financial market. Speaking of investments, we need to understand that we are dealing with the sentiments of the investors and also assisting them with various investment options through in-depth knowledge of the industry as an organization or as an intermediary. To get mutual fund market insight, on how to go about investing in mutual funds, mutual fund intermediaries have the expertise to guide you professionally. Let’s find out more about mutual fund distributors, their role, and significance. Who are Mutual Fund Distributors? Mutual fund distributors are intermediaries who play crucial role in helping investors with the introduction to the mutual fund industry as well as buying and selling of the mutual funds. They are essential the investors who are not tech-savvy as well a...

Do I need Term Insurance? It's an extremely important question that needs thoughtful consideration. In order to answer this question, let's look at the significance of term plans and the best time to get them.  Financial decisions: We often buy products for our family and avoid paying too much for unneeded items. We use a criterion of utility, product quality, etc. while purchasing toothpaste or an automobile. Therefore, it makes sense that we carefully analyze the product's quality and financial returns before we purchase or invest money. In a similar vein, we ought to be cognizant of the monetary value of our lives as individuals. If the cost of a human life is less than your present insurance coverage, you need term insurance immediately.  Loss of income: When we have a cough, cold, fever, or other medical issues, we temporarily relax. Because we are still getting paid, we might not recognize it as a temporary loss of income right now. If these days of temporary income l...

  Introduction As we all know, today we are living in the digital age. The digital revolution is transforming everything in our world from mechanical and analogue to digital form. The mark of this era is our readiness to use digital means to adapt existing practices as well as create new things, processes, and business processes using digital tools to create a benchmark to meet the demands of continuously changing market requirements. About E-Insurance Account (EIA) EIA stands for “e-Insurance Account”. An E Insurance account keeps track of a person's insurance policy portfolio in electronic format through an insurance repository. One can manage and keep track of all life and non-life insurance policies from multiple insurers at one location. All the life and non-life insurance policies which are collectively stored in e-insurance accounts are referred to as “e-insurance policies”. Features of an e-Insurance Account Only one e-insurance account is allowed in an individual’s name. A...

  Policy Term: Premium Paying Term: Commission The previous time, we talked about how changes to the IRDA regulations had impacted bonus entitlements, and minimum death benefits with exclusions. Definition once again Endowment insurance plans are made to pay out a large payment in the event of death, as well as survival, maturity, and profit sharing, if necessary. Policy term Endowment insurance plans are made to pay out a large payment in the event of death, as well as survival, maturity, and profit sharing, if necessary. Premium paying term The Premium Paying Period is the period of time that the policyholder must pay premiums to keep the contract in force. The typical premium payment period is the same length as the insurance term. Yet, some insurance contracts give the insured the option to choose a timeframe for paying premiums that is less time than the policy term. The policy term must be equal to the policy term or less. Under no circumstances may the Insurance Term excee...

Introduction The uncertainty of life is overwhelming. With the current epidemic problem, uncertainty has also shocked the world. In these situations, solid insurance coverage becomes crucial. A breadwinner's main responsibility and top concern are making sure the family will be protected when they are not there. So, life insurance coverage is useful in these circumstances. Nevertheless, what if a calamity occurs and your family is left in financial difficulty because they are not aware of your life insurance policy? After obtaining the insurance, the process is not over. The insured should also inform the family about the policy. Why your family has to be aware of your life insurance policy: - Prior knowledge to understand the claim process and make a timely claim:   The main objective of a life insurance policy is to safeguard the family's financial stability in the case of the insured's demise. However, in order to secure your loved one's financial assistance, you mus...

  Who is a beneficiary? An individual who receives something from a trust, will, or life insurance policy is known as a beneficiary. The term "beneficiary" is not frequently used in India. In a life insurance policy, a beneficiary is someone who has a financial stake in the life of the insured and is entitled to receive the benefits or guaranteed death benefit of the policy in the case of the insured's untimely death. In India, one is required to name a beneficiary who is qualified to collect the death benefit on her behalf while she is away. Any life insurance policy should have beneficiaries added cautiously because doing so could be highly expensive for the policyholder and his or her family. Who can be added as beneficiaries? Two types of beneficiaries can be added to life insurance contracts: - Primary life insurance beneficiary - a person named as a beneficiary in the policy who will be entitled to receive the death benefits in the event of the untimely demise of th...