Equity is perfectly fine for long-term investors and equity funds have given much better returns than PPF over long-term. But you just cannot ignore debt (like PPF) as the investors have different responses to volatility. Some might exit ELSS after 20-30% losses (which is normal in equities...
Can Take Home salary be increased? Yes it is possible and that too legally. An employee can plan taxes and increase the take home. If employee invests Rs 1, lakh in tax saving instruments, Section 80C such as PPF, Equity Linked Saving Scheme(ELSS) etc he can save taxes. So now employe...
You can contribute additional amount (over and above 12%) to Provident Fund by depositing VPF (Voluntary Provident Fund). However, employer is not bound to do a matching contribution.The employer is liable to pay contribution only on 6500/15000 whatever is the basic salary. This is called vo...
What is the inflation is more than what you assumed? What if you needed more income in future than you planned? What if you were not able to generate the returns you assumed? What if you had less corpus than you originally planned? How different will be the result now if you are wrong...