Auto, transportation, and logistics are important sectors of the Indian economy. These sectors suffered when lockdowns were announced. However, logistics activity has now surpassed the pre-COVID levels. Analysts are upbeat about the economic activity in this space, especially in the auto sector.
5 tax-saving investments for you
The limit for investing in tax-saving instruments is Rs 1.5 lakh for income earned in 2020-21.
Note to readers
: Every year, our last date to plan for our income-taxes is March 31. Yet, despite knowing this, we procrastinate and postpone our income tax planning. But this financial year (2020-21) has been tough due to Covid-19 and many of us lost our incomes and jobs. While we hope for better times ahead for our readers, now is a good time to plan our tax-saving investments if we haven’t done it already. Our first story answered five crucial income tax planning related questions. The second story, here below, talks about the best five tax saving instruments. And the last instalment in this series, is about 4 most common mistakes we make while planning for our taxes.
6 money resolutions for a happier 2021
Having an emergency fund, taking adequate insurance covers and making the right investment moves are critical. Moneycontrol PF Team December 30, 2020 / 03:34 PM IST
The COVID-19 pandemic-stricken 2020 has helped us grow much wiser, with many money lessons from this highly eventful year. You can use the crisis lessons to fix your personal finances. Here are six money resolutions that you must take and follow to wade through New Year 2021, which is bound to feel the after-effects of the COVID-hit 2020.
#1: I will maintain a large emergency fund
When COVID-19 struck, many lost their jobs and businesses shut shop. Most of us dip into our savings and investments to run the household when our incomes fall – or worse – stop altogether.