Financial Planning

Math Behind IPO Allotment

How Are IPO Shares Allotted, How IPO is allotted when oversubscribed, IPO allotment rules SEBI, math behind Initial Public Offerings, Math Behind IPO Allotment, Math behind ipo allotment India, Reason for No Allotment of Shares, Two Possible Scenarios of IPO Allotment, Way out to get more IPO Allotment, Why Didn’t You Get Any Shares?

An Initial Public Offering or IPO is a process in which a privately held organization makes the firm’s shares available to the general public for purchase. But how are IPO Shares allotted? Why IPO application get rejected and we do not get an allotment? What could be the reason for not getting an IPO allotment?Read More

Group Mediclaim for Parents – Pros & Cons

by Madhupam Krishna

Benefits of Including Parents in GMC, GMC, Group Medical Insurance Policy, Group Mediclaim for Parents, Group Mediclaim for Parents - cons, Group Mediclaim for Parents - pros, Group Mediclaim Policy for Parents, what is Group Mediclaim for Parents, Why GMC Alone Might Fall Short

Most employers in India offer Group medical insurance policies to their employees as an additional perk. These policies offer sufficient support to employees and their families. Sometimes they offer to cover your senior citizen parents also. These policies are called Group Mediclaim for Parents or GMC for Parents. The cost or premium of Group MediclaimRead More

Highlights of Main Union Budget 2024

by Madhupam Krishna

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Highlights of the Union Budget 2024 Announced on 23 July 2024- PDF Version of Union Budget 2024 – Download NPS-Vatsalya, a plan for contribution by parents and guardians for minors will be started. When the age of majority is reached, the plan can be converted seamlessly into a normal NPS account. On the other hand,Read More

Post Office Recurring Deposit Account

by Madhupam Krishna

How to Open Post Office Recurring Deposit Account, National Saving Recurring Deposit Account, post office RD, post office RD scheme, post office recurring deposit account, post office recurring deposit account current rate, post office recurring deposit account interest rate, post office recurring deposit account mobthly deposits, post office recurring deposit account opening form

The Post Office Recurring Deposit Account or Post Office RD, offered by the Department of Post, Government of India, is a popular savings scheme designed to help individuals save consistently for their future. It’s also known as the National Saving Recurring Deposit Account. This scheme is accessible at post office branches across the country andRead More

NRIs Taxation on Investments in India

by Madhupam Krishna

Double Taxation Avoidance Agreements, NRI capital gains tax on shares, NRI income tax slab rates, NRI tax slab in India, NRI's taxation on Investments made by NRIs in India, NRIs Taxation on Investments in India, Special Tax Regime for NRI Investors, Types of Taxable Income for NRIs taxation on Investment in India

It is tax filing season. Residents & NRIs both need to file for the FY 2023-24. Every taxpayer should determine their residential status under provisions of Section 6 of the Income Tax Act, 1961, for the relevant financial year for taxation. The resident rules are simple but what about NRIs who have earnings in IndiaRead More

Post Office Monthly Income Scheme

by Madhupam Krishna

Advantages of Post Office Monthly Income Scheme, Disadvantages of Post Office Monthly Income Scheme, How to Open a Post Office Monthly Income Scheme Account, Main Features of Post Office Monthly Income Scheme, post office monthly income scheme, post office monthly income scheme eligibility, post office monthly income scheme for senior citizens, post office monthly income scheme interest rate

The Post Office Monthly Income Scheme (POMIS) is a popular choice among senior citizens in India. Designed to provide regular monthly income and ensure financial security, POMIS has become a favorite for retirees and anyone looking for a reliable income stream over the long term. The main objective of the POMIS is to provide anRead More