How are earnings from ELSS funds Taxed?
ELSS funds are essentially equity schemes which incur long term capital gains taxation. So the realized gains exceeding Rs.1 Lakh are taxed at 10%. But ELSS funds still help to save on taxes and the invested amount grows at an...
What is Scripbox Tax Saver?
Scripbox Tax Saver is a goal based investment which will help you to invest the required amount in the ELSS (Equity Linked Savings Scheme) in order to save tax under section 80C of the Indian Income Tax Act in a...
Will I be able to stop working completely or need to provide additional income as a supplement to the corpus?
This plan will take care of your required retirement amount based on your current monthly expenses. However, if you feel that your expenses post retirement will be higher than your current expenses, then you can add additional income as a...
Do you take into account emergency requirements like medical and other expenses that are likely to come up in old age?
A small part of emergency requirements is built into this plan but not entirely. We recommend that you save for your emergency needs as well.
How will Scripbox help me save for my retirement?
We will help you put a practical action plan in place to create your financially freedom plan. 1. Financial goal setting: Estimate the right amount you will need to generate a growing income that keeps pace with inflation. Our blog...
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Do you take individual income or joint income into account while planning for Scripbox Retire Confident?
Your plan will be based on your input. You can provide your household or your individual income, whichever suits you the best.
Does Scripbox Retire Confident cover my dependents too?
Scripbox Retire Confident is currently designed for individuals. The plan includes one’s current financial situation and post-retirement needs, including future expenses for the dependent family.
How do you decide on the financial corpus required for retirement ?
While helping you arrive on the final sum required for you to retire confidently, we consider the following life and financial indicators: AgeCurrent expensesCurrent savingsYears to retirementPost-retirement periodRate of inflation Expected income in the futureRate of interest on your other savings