It is prudent to pay off the most expensive loans before investing
iStock image I have a debt of around Rs.3 lakh on two of my credit cards, and I also pay equated monthly instalment (EMI) ofRs.15,000 towards my car loan. I…
Joint term life policies offer limited advantages
iStock photo I am getting married soon. My to-be wife plans to get a term plan after the marriage. Should I buy a combined cover then or an individual plan…
No tax benefit if mediclaim premium is paid in cash
iStock Photo I pay the health insurance premiums for both myself (67) and my wife (63). Would I get tax exemptions on both? —Shayan Basu An individual can claim tax…
Gift from certain relatives is tax free in India
iStock Photo After living in the US for 10 years, I returned to India last week. Will my rupee deposits in Indian accounts be taxed differently with the change in…