Decoding Budget 2015: Find out how new taxes and deductions will impact your finances

Decoding Budget 2015: Find out how new taxes and deductions will impact your finances Some taxpayers' expectations were met, others were left disappointed. We look at changes proposed and the manner in which these will affect your finances. How taxpayers can make maximise their savings under Sec 80C From current financial year, the expenses related to stamp duty and registration charges of the house can also be claimed as a deduction. How your children's education loan can derail your retirement planning Your children's education loan can derail your retirement planning. Make sure you are not burdened with EMIs you can't afford. Planning to buy a second-hand car? Here's what you should know A used car was sold for every new car sold in India in 2014, says a study by consultancy and market research firm Frost & Sullivan. Five ways to keep your power bills low Summer means high energy consumption and high electricity bills. But small steps can whittle away power costs. Quote of the week "That four elections have been won, and one has not, is no ground for believing that there will be a slowdown on the path we have taken." Arun Jaitley,Union Finance Minister Family Finances An increase in equity, long time horizon to help Kankutes to meet financial objective While the intent is right, the family usually doesn't know where it is headed and whether the steps taken are adequate to help fulfil their financial goals. Financial Planning How everyone can make the market work for them with disciplined investments 30-35% of the money should be allocated to income assets, and the rest need to grow in equity. That is why a balance fund suited his needs. Money-making venture Flintobox: Building engaging products for children that aid their holistic development To test their products, they have partnered with pre-schools and play schools around their office. Entrepreneurs How Dhruv & Kaushal Goyal's 3yr-old startup ExclusiveLane.com is on track to generate Rs 3.5 crore Goyal cousins invested close to Rs 10 lakh to start their biz, which was invested in building the website, buying inventory & acquiring designers. Financial Calculators Plan your car Car cart! Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy. Home Loan Refinance Should you refinance your home loan? Find out how much you will have on retirement with different combinations of savings, percentage returns, time to go and tax rate. More Calculators Petronet LNG remains a good long-term bet despite short-term headwinds To reduce its imported costs further, Petronet LNG plans to import natural gas from low cost destinations like US and Canada. Budget 2015: Major boost for pension products, NPS The additional tax incentives for investments in pension funds and the NPS are intended to push up retiral savings in the long term. Common account number: A platform for investors to keep track of their MF investments The investor gets the benefit of a single view of all MF investments, single payment for multiple transactions, centralized complaint redressal etc. 5 smart things to know about disinvestment When funds raised from disinvestment are used to meet routine revenue expenditure, it is undesirable as an asset is sold without creating another asset. Are you paying higher tax? India's current rate slabs are at par with or lower than those of most developed countries. ET Wealth gives a perspective on your taxes. More Newsletters ET Mutual Fund A weekly round-up of the top news and views from the mutual fund industry. Markets Watch Round up of stock, currency, bond, money and real estate market ET Investment Opportunities Property, Stocks, IPOs, NFOs, Mutual Funds and latest investment options in your inbox. Wealth Weekly news on personal finance, stocks, property, gold, tax planning and more. Follow Us on ET: About us|Advertise with us|Terms of Use|Privacy Policy|Feedback|Sitemap|Code of Ethics © 2015 Times Internet Limited. To ensure delivery directly to your inbox, please add etnotifications@indiatimes.com to your address book today. If you are having trouble viewing this newsletter, please click here To unsubscribe or edit your subscriptions please click here