My Finopedia

Myfinopedia informs its users to decide which alternative is appropriate for them as per their understanding of the markets after getting clear pictures of the intricacies involved.

ELSS-Equity Linked Savings Scheme

(Equity Linked Savings Scheme) ELSS Funds: Meaning, Full Form & Interest Rate

If you are a beginner investor, ELSS is the greatest choice since it offers tax benefits, gives you a taste of mutual funds, and allows you to invest in stocks. Only equity-linked savings plans (ELSS funds) qualify for tax deductions under Section 80C of the Income Tax Act of 1961. Here, we’ll examine all the …

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Sensex and Nifty Today

Today’s Stocks Market Updates (23 January 2023)

VALUATIONS SENSEX PE Ratio 23.17 NIFTY PE Ratio 21.60 Source: NSE and BSE BSE SENSEX 60941.67 +319.90 +0.53% NIFTY 50 18118.50 +90.80 +0.50% NIFTY Bank 42821.30 +314.50 +0.74% BSE MID CAP 25114.15 +108.96 +0.44% BSE SMALL CAP 28544.40 -85.79 -0.30% GOLD (Rs./ 10 gm) 56,573.00 -85.00 -0.15% SILVER (Rs./kg) 67,298.00 -1,249.00 -1.82% USD/INR 81.39 +0.27 …

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National Savings Certificate

National Savings Certificate (NSC): All Features & Tax Benefits

NSCs, or National Savings Certificates, can be used as security for bank loans. According to Section 80C of the Income Tax Act of 1961, the owner receives tax advantages. Meaning The National Savings Certificate (NSC), available at the nearby post office under your name, for a minor, or on a joint account with another adult, …

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Sensex and Nifty Today

Today’s Stocks Market Updates (20 January 2023)

VALUATIONS SENSEX PE Ratio 23.43 NIFTY PE Ratio 21.46 Source: NSE and BSE BSE SENSEX 60621.77 -236.66 -0.39% NIFTY 50 18027.70 -80.10 -0.44% NIFTY Bank 42506.80 178.00 0.42% BSE MID CAP 25005.19 -166.74 -0.66% BSE SMALL CAP 28630.19 -143.08 -0.50% GOLD (Rs./ 10 gm) 56,615.00 +69.00 +0.12% SILVER (Rs./kg) 68,551.00 +192.00 +0.28% USD/INR 81.12 -0.24 …

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section 80d limit

Deductions Under Section 80D- Benefits & Works

Meaning & Benefits of Section 80D:-  A, Definition and key goals of section 80 D:- Budget 2018 increased the deduction amount for parents who are above 60 from Rs 30,000 to Rs 50,000. In compliance with section 80D of the Income Tax Act of 1961, people may write off the cost of their health insurance …

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Sensex and Nifty Today

Today’s Stocks Market Updates (19 January 2023)

VALUATIONS SENSEX PE Ratio 23.55 NIFTY PE Ratio 21.56 Source: NSE and BSE BSE SENSEX 60858.43 -187.31 -0.31% NIFTY 50 18107.80 -57.50 -0.32% NIFTY Bank 42328.80 -129.20 -0.30% BSE MID CAP 25171.93 -13.91 -0.06% BSE SMALL CAP 28773.27 -68.36 -0.24% GOLD (Rs./ 10 gm) 56,506.00 +220.00 +0.39% SILVER (Rs./kg) 68,212.00 -15.00 -0.02% USD/INR 81.36 +0.12 …

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80C Deduction List

Deductions Under Section 80C- Benefits & Works

There are a few methods to reduce taxes or receive a refund. Commonly utilised tax-saving investing choices include PPF, EPF, and others. Tax savings depend on the type of tax advantage claimed.  Section 80C of the Income Tax Act provides for the reduction of taxable income through tax-saving investments or the incurring of qualified costs. …

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Sensex and Nifty Today

Today’s Stocks Market Updates (18 January 2023)

VALUATIONS SENSEX PE Ratio 23.66 NIFTY PE Ratio 21.67 Source: NSE and BSE BSE SENSEX 61045.74 +390.02 +0.64% NIFTY 50 18165.30 +112.00 +0.62% NIFTY Bank 42458.00 +222.95 +0.53% BSE MID CAP 25185.84 +114.38 +0.46% BSE SMALL CAP 28841.63 +48.80 +0.17% GOLD (Rs./ 10 gm) 56,503.00 +151.00 +0.27% SILVER (Rs./kg) 69,480.00 +294.00 +0.42% USD/INR 81.24 -0.52 …

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Sensex and Nifty Today

Today’s Stocks Market Updates (17 January 2023)

VALUATIONS SENSEX PE Ratio 23.27 NIFTY PE Ratio 21.53 Source: NSE and BSE BSE SENSEX 60655.72 +562.75 +0.94% NIFTY 50 18053.30 +158.50 +0.89% NIFTY Bank 42235.05 +67.50 +0.16% BSE MID CAP 25071.46 -14.64 -0.06% BSE SMALL CAP 28792.83 -37.22 -0.13% GOLD (Rs./ 10 gm) 56,415.00 -67.00 -0.12% SILVER (Rs./kg) 69,263.00 -523.00 -0.75% USD/INR 81.76 +0.15 …

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Tax Saving Options For Salaried 2023

Tax Saving Options For Salaried 2022-23

“Maximize Your Tax Savings in 2022-23 – Secure Your Future With Tax Saving Options For Salaried”  People who are salaried have some advantages when it comes to submitting income tax returns. In this blog post, we’ll talk about tax-saving solutions for salaried people for the AY 2022–2023. We will also discuss the steps what one …

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