Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...
Income Tax Rules 2021: Union Finance Minister Nirmala Sitharaman had announced the change in income tax rules while presenting the Union Budget 2021. These changes are to come into effect from April 1, 2021. As per the new rules, senior citizens aged 75 years and above will be exempted from filing ITR from April 1, 2021, with income from pension and interest from fixed deposits in the same bank. In addition, the Finance Minister proposed higher TDS for those who are not filing their ITRs and announced taxation of those who contributed more than 2.5 lakhs per annum to the EPF account. Let's take a look at 5 such income tax changes that will come into effect from April 1, 2021. PF Tax Rules: An annual employee contribution to a provident fund of more than 2.5 lakh ₹ will be taxed from April 1, 2021. The central government said that the move is aimed at taxing high-value deposits in Employee Provident Fund (EPF). Finance Minister Nirmala Sitharaman said that th...