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The Frugal Finance, 110044, Delhi (2026)

17/04/2023

Albert Einstein says that Compounding is the 8th Wonder of the World.

Compounding is the process whereby Interest or Return is credited to an existing principal amount as well as to interest already paid.

Compounding thus can be construed as interest on interest—the effect of which is to magnify returns to interest over time, the so-called “Miracle of Compounding.”

Compounding works on everything literally everything on which exponential growth happens.

Be it Investment, Learning, Sports, Health, Business, or any other thing in which Exponential Growth Happens.

In Compounding, it grows very little in the beginning time period and grows very large at the end time period i.e. long-term.

Dr Vivek Bindra Ankur Warikoo Neha Nagar Rahul Malodia SeeKen Goela School of Finance Finance With Arun

16/04/2023

Weekly Stock Market Performance [NIFTY NEXT 50]

As of 13th April 2023

Nifty Next 50 (Price - Rs.38,496.75 & Change +0.8%)

GAInERS:-

1. Adani Green Energy Limited (Price - Rs. 941.15 & Change +9.9%)

2. Adani Transmission Limited (Price - Rs. 1,030.85 & Change +8.1%)

3. DLF Limited (Price - Rs. 413.15 & Change +7.9%)

4. Adani Total Gas Limited (Price - Rs. 914.15 & Change +5.9%)

LOSeRs:-

1. ABB India Limited (Price - Rs. 3,230.00 & Change -4.9%)

2. FSN E-Commerce Ventures Limited (Price - Rs. 126.15 & Change -3.9%)

3. Berger Paints Limited (Price - Rs. 578.60 & Change -3.1%)

4. Indus Towers Limited (Price - Rs. 137.40 & Change -3.0%)

Goela School of Finance Dr Vivek Bindra Ankur Warikoo Neha Nagar Rahul Malodia

15/04/2023

Weekly Stock Market Performance [NIFTY 500]

GAINING STOCK:-

1. Godrej Properties Ltd.
2. Indian Energy Exchange Ltd.
3. Aarti Drugs Ltd.
4. Trident Ltd.
5. Chemplast Sanmar Ltd.

LOSING STOCK:-

1. Route Mobile Ltd.
2. Orient Electric Ltd.
3. Sharda Cropchem Ltd.
4. Radico Khaitan Ltd.
5. Shoppers Stop Ltd.

Goela School of Finance Rahul Malodia Neha Nagar Ankur Warikoo Dr Vivek Bindra

15/04/2023

Weekly Stock Market Performance [NIFTY 50]

As of 13th April, 2023

Nifty 50 (Price - Rs.17,828.00 & Change +1.3%)

GAInERS:-

1. Divis's Laboratories Limited (Price - Rs. 3,193.95 & Change +9%)

2. Eicher Motors Limited (Price - Rs. 3,213.05 & Change +8.5%)

3. Tata Motors Limited (Price - Rs. 469.50 & Change +7.3%)

4. Adani Enterprises Limited (Price - Rs. 1,870.75 & Change +6.7%)

LOSeRs:-

1. Infosys Limited (Price - Rs. 1,389.20 & Change -2.3%)

2. HCL Technologies Limited (Price - Rs. 1,071.85 & Change -1.8%)

3. Tata Consumer Products Limited (Price - Rs. 719.60 & Change -1.5%)

4. Nestle India Limited (Price - Rs. 19,465.30 & Change -1.2%)

Dr Vivek Bindra Ankur Warikoo Neha Nagar Rahul Malodia Goela School of Finance

11/04/2023

Income tax department with a view to encourage savings and investments amongst the taxpayers have provided various deductions from the taxable income under chapter VI A deductions. 80C being the most famous, there are other deductions which are beneficial for the taxpayers to reduce their tax liability.

➊ Investment in Equity Linked Saving Scheme - An ELSS fund or an equity-linked savings scheme is the only kind of mutual funds eligible for tax deductions under the provisions of Section 80C of the Income Tax Act, 1961.
ELSS mutual funds’ asset allocation is mostly (65% of the portfolio) made towards equity and equity-linked securities such as listed shares. They may have some exposure to fixed-income securities as well. These funds come with a lock-in period of just three years, the shortest among all Section 80C investments.

➋ Investment in Senior Citizen Saving Scheme - A Senior Citizens’ Saving Scheme (SCSS) is a government-backed retirement benefits programme. Senior citizens resident in India can invest a lump sum in the scheme, individually or jointly, and get access to regular income along with tax benefits.
It is a Post Office savings scheme. Senior citizens can open an SCSS account to get the benefits of the SCSS. They can open an account in a Post Office branch or an authorised bank. The Maximum Investment in a Year can be upto Rs. 30 lakh.

➌ Investment in Public Provident Fund - Public Provident Fund (PPF) scheme is a long-term investment option that offers an attractive rate of interest and returns on the amount invested. The interest earned and the returns are not taxable under Income Tax. One has to open a PPF account under this scheme and the amount deposited during a year will be claimed under section 80C deductions. The latest rate of interest on Public Provident Fund is 7.1% p.a.

➍ Investment in Sukanya Samriddhi Yojana - SSY aims at tackling a major problem associated with the girl child – education and marriage. It is focused on securing a bright future for the girl child in India by facilitating the parents of a girl child in building a fund for the proper education and carefree marriage expenses of their child. SSY has introduced the Sukanya Samriddhi Account for this very purpose. SSY has a lock in period of 21 Years from Investment.

➎ Investment in Tax Saver Fixed Deposit - A tax-saving fixed deposit (FD) account is a type of fixed deposit account that offers a tax deduction under Section 80C of the Income Tax Act, 1961. Any investor can claim a deduction of a maximum of Rs.1.5 lakh per annum by investing in a tax-saving fixed deposit account. A lock-in period of 5 years, Interest earned is taxable and the rate of interest is more than Normal Fixed deposit.

➏ Investment in National Savings Certificate - The National Savings Certificate (NSC) is a fixed income investment scheme that you can open with any post office branch. The scheme is a Government of India initiative. It is a savings bond that encourages subscribers – mainly small to mid-income investors – to invest while saving on income tax.
You can buy it from the nearest post office in your name, for a minor or with another adult as a joint account. NSC comes with a fixed maturity period of five years. There is no maximum limit on the purchase of NSCs, but only investments of up to Rs.1.5 lakh can earn you a tax break under Section 80C of the Income Tax Act. The certificates earn a fixed interest, which is currently at a rate of 7.7% per annum. The interest rate is revised on a regular basis by the government.

➐ Investment in Unit Linked Insurance Policy - Unit Linked Insurance Plan (ULIP) is a mix of insurance along with investment. From a ULIP, the goal is to provide wealth creation along with life cover where the insurance company puts a portion of your investment towards life insurance and rest into a fund that is based on equity or debt or both and matches with your long-term goals. These goals could be retirement planning, children’s education or another important event you may wish to save for.
When you make an investment in ULIP, the insurance company invests part of the premium in shares/bonds etc., and the balance amount is utilized in providing an insurance cover. There are fund managers in the insurance companies who manage the investments and therefore the investor is spared the hassle of tracking the investments.

➑ Investment in National Pension Scheme - The National Pension Scheme is a social security initiative by the Central Government. This pension programme is open to employees from the public, private and even the unorganised sectors except those from the armed forces.
The scheme encourages people to invest in a pension account at regular intervals during the course of their employment. After retirement, the subscribers can take out a certain percentage of the corpus. As an NPS account holder, you will receive the remaining amount as a monthly pension post your retirement.
The NPS scheme holds immense value for anyone who works in the private sector and requires a regular pension after retirement. The scheme is portable across jobs and locations, with tax benefits under Section 80C and Section 80CCD.

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08/04/2023

There are many changes in the Income Tax Rules applicable from this Financial Year 👇👇👇

From 1st April 2023, the New Tax Regime is the Default Tax Regime. This is done in Budget 2023 to increase the adoption of the New Tax Regime as the New Tax Regime offers very few Deductions compared with the Old Tax Regime which offers many Deductions. The Taxpayers can still choose between Old Tax Regime and New Tax Regime.

Under the New Tax Regime, the Income Tax Rebate Limit is Increased to Rs. 7,00,000 from Rs. 5,00,000 under Section 87A of the Income Tax Act, 1961. This means there is no need to invest in anything to claim deductions and the entire income would be tax-free irrespective of Investment made by an Individual.

Standard Deduction which is applicable to Salaried employees under Old Tax Regime is still Rs. 50,000. Under New Tax Regime, Standard Deduction for Taxable Income more than Rs. 15,50,000 is Rs. 52,500, and for Taxable Income less than Rs. 15,50,000 is Rs. 50,000.

The Leave Encashment for Non-Government Employees is exempt up to a certain limit. This limit was Rs. 3,00,000 in 2002 and never changed but this limit is Increased to Rs. 25,00,000 in Budget 2023 by the Modi Government.

No More Long Term Capital Gain Tax Benefits in Debt Mutual Funds and Market Linked Debentures as these are Short Term Capital Assets and Short Term Capital Gain Tax will be levied on them. Generally, STCG Rate is more than LTCG Rate, and hence more Tax will be paid now resulting in Increase in Government Tax Revenue.

The Money Received from a Life Insurance Company which have an Annual Premium of Rs. 5,00,000 or More would be Taxable under New Tax Regime but Unit Linked Insurance Plans are excluded from it and the Money Received from the Life Insurance Company is Exempted from Tax under Old Tax Regime.

The Maximum Deposit Limit for the Senior Citizen Saving Scheme (SCSS) of the Post Office will be increased to Rs. 30,00,000 from Rs. 15,00,000. This will be effective from 1st April 2023.

The Maximum Deposit Limit for the Monthly Income Scheme (MIS) of the Post Office will be Increased to Rs. 9,00,000 from Rs. 4,50,000 for Single Accounts and Rs. 15,00,000 from Rs. 7,50,000 for Joint Accounts. This will be effective from Financial Year 2023-24.

There will not be any Capital Gain Tax if Physical Gold is Converted to an Electronic Gold Receipt (EGR) and No Capital Gain Tax if Electronic Gold Receipt (EGR) is converted into Physical Gold. This will be effective from 1st April 2023.

Ankur Warikoo Neha Nagar Rahul Malodia Goela School of Finance SeeKen

06/04/2023

https://amzn.to/3Uf1APd

The Two and Beginner Level Books for Learning Stock Markets are Fundamental Analysis of Shares by Ankit Gala & Khushboo Gala and The Guide to Technical Analysis & Candelsticks by Author Ravi Patel.

Fundamental Analysis of Shares - Fundamental analysis is a method of evaluating intrinsic value of shares to find long term investing opportunities. This book will teach an average retail investor the basics of fundamental analysis so that he can invest in shares having sound fundamentals and avoid ones having poor fundamentals.

Guide to Technical Analysis & Candelisticks - Technical Analysis is a method of examination of past price movements to forecast future price movements to identify trading opportunities. This Book will teach a trader or investor basics of technical analysis so that he can pick right stocks at right time to make money from trading or investing in them.

Rahul Malodia Goela School of Finance Neha Nagar Ankur Warikoo SeeKen

26/03/2023

"ADDITIONAL CHARGES FOR HIGH-INCOME EARNERS: Understanding Income Tax Surcharges"✅✅✅

An income tax surcharge is an additional charge payable on income tax. It is an added tax on the taxpayers having a higher income inflow during a particular financial year.

There are different rates of surcharge applicable to different taxpayers under the Income Tax Act,1961. The Highest Rate of Surcharge under the Old Tax Regime is 37% whereas the Highest Rate of Surcharge under the New Tax Regime is 25%.

FINANCE MINISTER NIRMALA SITARAMAN has proposed to reduce the highest surcharge rate on income above 5 crores from 37% to 25%, which will reduce the Maximum Marginal rate of Tax from 42.74% to 39% of income. This will be applicable only under the new tax regime from 1st April 2023. The surcharge on long-term capital gains(LTCG) on listed equity shares, units, etc., is capped at 15%.

The surcharge will be applicable for individuals if the net total income exceeds 50 Lakhs. Surcharge Income Tax Rates are applicable only for Individuals, Hindu Undivided Family, Association of Persons, Body of Individuals, and Artificial Judicial Person.

According to the Income-tax provisions, a marginal relief will be provided to certain taxpayers up to the amount of the difference between the excess tax payable (including surcharge) on the income above Rs.50 lakhs and the amount of income that exceeds Rs.50 Lakhs.

25/03/2023

"UNDERSTANDING INCOME TAX SLAB RATES: Know Your Tax Bracket and Plan Your Finances Wisely"🔰🔰🔰

“INCOME TAX” refers to a type of tax governments impose on the Income of Businesses and Individuals. By Law, Taxpayers must file an income tax return annually to determine their tax liabilities.❤️❤️❤️

Income taxes are a source of revenue for governments. They are used to fund public services, pay government obligations, and provide goods for citizens. In addition to the federal government, many states and local jurisdictions also levy income taxes.

In Addition to the Slab Income Tax Rates, - a 4% HEALTH & EDUCATION CESS IS LEVIVED BY THE GOVERNMENT. The 4% health and education cess is the same for everybody, irrespective of which income tax slab one falls in. However, there will not be any Cess if an individual’s income tax liability is zero.

A Surcharge on Income Tax is an Additional tax to be paid by the taxpayers earning a higher income, beyond a certain limit set by the government. This is done by the government to ensure that the rich contribute to the income taxes more than the poor, owing to the surcharge provision. The surcharge Rate on Income Tax is different under Old Tax Regime and New Tax Regime

23/03/2023

PERSONAL FINANCE RULE YOU MUST KNOW ABOUT ???

1. INCOME-EXPENSE= SAVINGS
This States that Whatever is Left after Spending from Income is SAVINGS. In this, Expense is incurred without making any budget for savings and balance after expense is savings.

2. INCOME-SAVINGS = EXPENSE
This States that a Particular Percentage is Saved from Income and Whatever is Left
after Savings are Available for Expenses. In this, Expense is whatever is left after making a budget for savings.

THIS IS A MUST-KNOW THUMB RULE FOR PERSONAL FINANCE.

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