Financial Planning is the financial management which an individual or a family unit performs to budget, save, and spend monetary resources over time, taking into account various financial risks and future life events. When planning finances, the individual would consider the suitability to his or her needs of a range of banking products (savings accounts, fixed deposit, credit cards and consumer loans) or investment (stock market, bonds, mutual funds) and insurance (life insurance, health insurance, motor insurance) products or participation and monitoring of individual- retirement plans, education plans, and income tax management.

Monitoring and reviewing the progress of financial plan is very important. In this regard we provide following services:

• Review performance and progress of the plan
• Discuss and evaluate changes in client's personal circumstances (e.g. new member entry in the family, different age levels, education level, marriage, retirement) affecting/modifying goals.
• Review, evaluate changing tax laws and economic circumstances.
• Assess impact of rise/fall in interest rates on financial goals.
• Make recommendations to accommodate new or changing circumstances.
• Provide ongoing services to the client.

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Where to invest for tax benefit U/s 80C
The most popular tax saving option under Income Tax Act 1961 is 80C. It allows deduction up to Rs. 1,50,000 currently under this section. There are several investments eligible for deduction under this section. The common ones are:

• 1.Life Insurance Premium
• Provident Fund (PPF, EPF, VPF)
• Mutual Fund (ELSS)
• Fixed Deposit (FD)
• National Savings Certificate (NSC)

Now, the question arises, where to invest out of these options. While most people invest a major chunk of their investment for 80C eligibility has to be locked in for minimum 5 years and interest on FD is taxable at the regular tax rate applicable to you. So, if you are in 20-30% tax bracket, FD does not seem

attractive either.Same goes for NSC. Minimum lock-in 5 years and interest taxable. Now the only options left are mutual funds and provident funds. PPF gives you the fixed returns and that too tax free but when in long run you compare it with ELSS mutual fund you would find ELSS fund are giving far better return than any other asset class.

Finance Minister Arun Jaitley in Budget 2015-16 introduced an additional income tax deduction of Rs 50,000 for contribution to the New Pension Scheme (NPS) under Section 80CCD.

Rajiv Gandhi Equity Savings Scheme for individuals having income upto 10 lacs, deduction is 50% of amount invested in notified shares and lock-in period is 3 years

Medi Claim Insurance Policy for Self and Family , Tax savings upto 25000 plus 5000 (on senior citizen)

Expenses incurred on handicap child, certificate from Medical Authority notified upto Rs 75000

Expenses incurred on medical treatment on specified disease under rule 11D, upto Rs 40000

In respect of interest on loan for higher studies, Entire interest amount as deduction

In respect of interest on loan for house property, Loan amount upto 35 lacs and value of property upto 50 lacs, interest amount or Rs 50,000 whichever is lower as deduction

Donations to Charitable institutions registered under 12A, deduction varies from 50 to 100% of donation amount, Donation must paid by cheque for above Rs 10000.

Finance Minister Arun Jaitley in Budget 2015-16 introduced an additional income tax deduction of Rs 50,000 for contribution to the New Pension Scheme (NPS) under Section 80CCD.

Donations to Political Parties registered , deduction for contribution of donation except cash donation not eligible for deduction.
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Mutual funds have gained popularity among the investing public especially in the last two decades. Following are some of the primary benefits of investing in mutual funds:

A. Tax Benefits on Investment in Mutual Fund-

• Dividends: 100% tax free in case of equity oriented funds.
• Equity Funds: Short term capital gain (STCG) tax rate is 15% and Long term capital gain (LTCG) is exempt (more than 365 days)
• Debt Funds: STCG (less than three years) is taxed according to slab and LTCG is lower of 10% (without indexation) and 20%(with indexation)  Contact us for best plans.

Health insurance, Term Plans, Medi-claim policy For self or family cover both options are available from various companies Contact us for best plans