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10 Essential Personal Finance Moves Before the Financial Year Ends

BankBazaar

Maximise Tax Savings If you’ve opted for the old tax regime, utilise all available tax-saving avenues to minimise your tax liability. Invest in tax-saving instruments such as Public Provident Fund (PPF), Equity Linked Savings Schemes (ELSS), National Pension System (NPS), or Tax-Saving Fixed Deposits.

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8 Smart Strategies for Building a Strong Financial Foundation: The Power of Savings

BankBazaar

This blog navigates the complexities of smart savings, emphasising the power of compound interest, tax-efficient tactics, and the integration of technology to empower people to succeed in safeguarding their financial future. Tax-Efficient Savings: Planning your taxes is a key part of saving money.

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15 Personal Finance Hacks for a Thriving Financial Future

BankBazaar

Invest in Tax-Saving Instruments Take advantage of tax-saving instruments like Public Provident Fund (PPF), Employee Provident Fund (EPF), and Equity-Linked Savings Schemes (ELSS). These investments not only help you save on taxes but also provide long-term growth potential. 4.

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What to Do If You?re Claimed Wrongly as a Dependent on Someone Else?s Tax Return

MyBankTracker

Being claimed as a dependent on someone else’s tax return or claiming a dependent on your tax return can have a direct impact on the amount of your tax refund or the amount you owe. Two tax returns can’t both claim the same dependent even if they have different filing statuses. This could be identity theft.

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Budget 2020: 5 Personal Finance Changes You Should Know About

BankBazaar

According to FM Nirmala Sitharaman, Budget 2020 has included provisions that would translate to more income and purchasing power for tax-paying citizens. Check out great deals on Credit Cards and Loans. From a personal finance view, here are five key changes that you should know about: New Tax Structure. Old Tax Rate.

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5 Sure-Shot Ways to End Up with More Cash After Retirement

BankBazaar

A Credit Card may be a fantastic way of reaping various benefits, but irresponsible usage could lead to disaster. You get tax benefits for contributing to most of the following plans! Not just that, it also enables you to save money on taxes each year.It National Pension System. They carry tax benefits too.

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5 Spooky Financial Decisions (and How to Safeguard Your Financial Future)

BankBazaar

Whether it’s through Personal Loans , Credit Cards , or Housing Loans, uncontrolled debt can lead to financial nightmares. Distinguishing between good debt (like a Home Loan ) and bad debt (like Credit Card debt) is crucial. To prevent this, create a budget, live within your means, and prioritise paying down high-interest debt.

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