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Harshvardhan Roongta

CFP , Roongta Securities

(27 Apr- 16:00hrs)

Financial Planning and Asset Allocation

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Glossary

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Adjusted Gross Income

An interim calculation used in computing income tax liability. It is computed by subtracting certain allowable adjustments from gross income.

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Ask the expert

previous questions

  • Q

    pl advice for a monthly income of 30000.00

    A

    Firstly you need to determine what portion of your income you are willing to set aside on a monthly basis towards your investments. Once you...

  • Q

    I just landed a new job. take home salary before tax is 85000. I have a 6 month old baby. I want to build a corpus for the future- for her as well as to lead a comfortable life with a few vacations with the family. Kindly suggest ways to mitigate tax impact and also best ways to save. I am averse to buying a property right know since i want to have a free hand with money for a few years. Age 29.

    A

    From tax savings point of view, you should exhaust the Rs.1.5 Lakh limit. For that your PF contribution/ Insurance premium will be counted. ...

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