KarSun Tax Consultancy

KarSun Tax Consultancy Chennai's top Insurance Advisor offers services in Finance Planning, Tax Planning / Tax Filing / E-Filing, Insurance, Mutual Funds and NRI Investments.

KarSun is one of the fast growing Financial Consulting Companies based at Chennai founded in the year 2014. Its basic objective is to help individuals identify, plan and work with them to ensure they achieve their finance goals. Its services include Financial Planning, Insurance, Mutual Funds, NRI Funds, Tax Planning, Tax Filings and Real Estate. KarSun, in the last 18 months, has helped over 2000

individuals in achieving their finance goals and it continues to add more clients in the coming years. As part of this exercise, KarSun has ambitious plans to have presence in other cities like Bangalore, Hyderabad, Pune and Noida. KarSun realizes the potential of the social media and the speed with which it can reach out to many potential prospects in a relatively short time hence this page. Also, as a customer / prospect you will really cherish the posts and most of them will be an eye opener for you as KarSun strongly believes in educating the customer in the first place.

Tax Filing Time!
28/05/2016

Tax Filing Time!

21/09/2015

Why one should have a personal mediclaim insurance although you and your family are covered by the one provided by your employer?

1. Company provided insurance will cease the moment you leave the company
2. Also, there is a waiting period for certain diseases even after you join the new company(generally there is a waiting period of 30 days)
3. Lots of people lose their jobs during mid 40s which is when we think of taking personal mediclaim and by that time we would have already acquired diabetic, arthritis etc. Generally, there is a waiting period of 4 years for these kind of illness. So, there is every possibility of your claim getting rejected.

The list goes further. Therefore, it is wise to take a personal mediclaim at least for a small amount and at an early stage itself so that the waiting period gets over even before you really fall sick. I have real time examples who lost their 3 years of saving in one incidence just because they were ignorant of the above fact. Even employers do not educate their employees about it as end of the day it becomes individual's problem and not company's.

Thanks,
KarSun Tax Consultancy
Chennai's Top Financial Planner)
HP: +91 - 8015725744
email: [email protected]

07/09/2015

Hi All,

KarSun is conducting free Financial Planning lectures in Chennai on regular basis. Interested candidates may respond to this post or contact directly.

Corporates may send in their enquiry for on premise lectures.

Thanks,
KarSun Tax Consultancy
Chennai's Top Financial Planner)
HP: +91 - 8015725744
email: [email protected]

06/09/2015

Insurance returns are meager. So, why should I invest in Insurance at all?

People with the above mind set have not understood the basics of financial planning and the net returns from Insurance. Firstly, Insurance should not be treated as an investment for any one to multiply money. Instead it gives protection to the whole family against financial pitfalls. It is the first step towards financial planning and investment comes next. If you are still not convinced with the above explanation then please go through the below:

1. Depending upon the tax bracket, one might be able to save 1 to 3% of the money paid as premium at the time of investment (section 80C)
2.The maturity is 100% tax exempted (section 10D) thereby one would be able to save another 1 to 3%.
3.Endowment Policies with 20 years commitment generally pays 5 to 6% (at least LIC in the past has given this much, unlike others who are yet to make profit).
4. Dead investment like FDs and bonds do not give guarantee on interest rates beyond 10 years; in other words, banks do not have FDs for more than 10 years and so are the other instruments. In addition, FDs attract tax.
5. Infact some communities make much more than 12%.They avail loan against the product purchased and invest else where and make more than 36% pa from the loan money. This way they recover the money invested in Insurance through other means much before the maturity period. Also, they get good coverage.

Therefore, the average benefit from Insurance would be anywhere between 8% to 12%. This is more than what any other dead investment can give today. Also, one should consider the fact that India is a growing economy and sooner or later the interest rates will go below 5% but your insurance will continue to yield more than this provided you take the decision today.

In addition, Insurance products give a risk cover from Day one which give stress free life.

Thanks,
KarSun Tax Consultancy
Chennai's Top Finance Planner
HP: +91 - 8015725744
email: [email protected]

05/09/2015

"Do not save from what is left over after spending instead spend from what is left over after saving!"

04/09/2015

"Protection(Insurance) is the first step towards Financial Planning". Therefore everyone should make sure they are adequately covered (Insured) at all times. For finding the adequacy of coverage use the HLV method. Incase you need any help please, write to KarSun and we would be glad to help you.

Thanks,
KarSun Tax Consultancy
(Chennai's Top Financial Planner)
HP: +91 - 8015725744
email: [email protected]

04/09/2015

"Insurance is the only product that one should buy when it is not needed (i.e., at the young age when there are no health complications) as the Insurance Companies might reject you when you need them most (old age)"

Thanks,
KarSun Tax Consultancy
(Chennai's Top Financial Planner)
HP: +91 - 8015725744

04/09/2015

Todays Quote from KarSun.

"All people who earn do not settle down in their life but most people who planned their finance during the earning period have settled down comfortably!"

Thanks,
KarSun Tax Consultancy
(Chennai's Top Financial Planner)
HP: +91 - 8015725744

26/08/2015

Dear young software professionals, do you know your average weekly expense of Rs. 3000/- could safeguard 30 - 40 years of your non earning period (retirement life)? Ask KarSun for details.

Thanks,
KarSun Tax Consultancy
HP: +91 - 8015725744

26/08/2015

Insurance is beyond Tax Saving........

Salaried people often buy insurance only for tax saving purpose(so sad). In fact, they do not calculate the HLV and protect the family from all financial pitfalls. It is attributed to the poor knowledge on insurance and the over confidence one has that he would double or triple the money in the equity / share and real estate markets. Honestly, how many of us have become really rich by now by investing in these products?

To understand better about what insurance products can do to any individual, let us analyze two examples here.

Why one of the Miss World of the yester years took an insurance product for her daughter with an annual premium of Rs. 68.0 lacs? and Why one the of Telegu Film producers cm top Businessman from South India took insurance cover for Rs. 100 crores two years ago? Do you think these people do not have enough money and can not thrive for the whole life? In the first case, the Miss World wanted to assure her daughter with guaranteed returns and in the second instance, the businessman did not want lose away the family's existing wealth.

Therefore, take the help of professional advisors than with the robot advisors who are only box pushers. At KarSun we give personal attention to every individual and help them effectively leverage the various insurance products to achieve the financial independence and reach their finance goals.

Thanks,
KarSunTax Consultancy.
HP: +91-8015725744

19/08/2015

Warren Buffet, also known as the oracle of Omaha, is no stranger to the world of investing. There’s a lot to learn from the most successful (and did we also mention, the richest) man in the world of investing. Here are six lessons from Warren Buffett that you can use to invest better.

14/08/2015

Below are the common questions in our mind when it comes to retirement planning.

a. I am only 22 and just begun my career. So what is the right age to plan for pension?

b. I am 41 and planning for the second house but have not made any pension arrangement yet. What is your advice?

Take a professional advice from our thoroughbred Financial Planners from KarSun and we offer doorstep reliable services.

Thanks.

Address

85, 1st Main , CIT Nagar Road, Nandanam
Chennai
600033

Telephone

+91 - 8015725744

Website

Alerts

Be the first to know and let us send you an email when KarSun Tax Consultancy posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to KarSun Tax Consultancy:

Shortcuts

Share

Category