Personal Finance

LIC\’s Aadhar Shila plan is designed for female lives, offering protection and savings. It provides financial support in case of the policyholder\’s death and offers a lump sum at maturity. With options for rider benefits and various policy terms, the plan aims to address liquidity needs. Understanding the guaranteed and non-guaranteed benefits is crucial in evaluating this plan.

The Indian government relies heavily on taxes to fund various initiatives. Advance Tax, or \’Pay As You Earn\’ tax, requires taxpayers with a liability over INR 10,000 to pay in quarterly installments. Self-Assessment Tax comes into play after the financial year, and failure to pay can result in penalties. Taxable income is calculated based on specific steps, and online tax payment is available via the e-Filing portal.

India has embraced digitalization with FASTag, an electronic toll collection system using RFID technology. Vehicles equipped with FASTag can make cashless payments at toll plazas, reducing waiting times and congestion. It\’s essential to maintain a sufficient balance to avoid paying double toll fees. FASTag balance can be checked via customer care, online, SMS, or the MyFASTag app. The government has made FASTag mandatory for all vehicles to streamline toll plaza traffic.

Health insurance is a vital part of financial planning, offering protection from unexpected medical expenses. This article provides tips for selecting the best policy, including understanding policy types, calculating premiums, and factors to consider. It emphasizes the importance of regularly reviewing policies, understanding claim processes, and consulting experts for ideal coverage.

Credit reports play a crucial role in our financial lives. They contain information about our credit history, including loans, credit