How powerful can compound interest be?

The other day, my 12 year daughter came to me after checking her online account, and started to discuss about the interest that was credited to her bank account. She had done some mental analysis, and wanted to understand how powerful compound interest can be?

Does NPS investments fall under Section 80C? (QandA : 011)

Question : 011
Does NPS investments fall under Section 80C?
National Pension Scheme (NPS) has been the buzzword of discussions off late. Lot of our readers wrote to us wanting to understand if there are any additional tax benefits of NPS over and above what Section 80C has to offer?

Is switching of funds taxable (QandA : 010)

Question : 010
Is switching of funds taxable?
Let us say you want to switch from one mutual fund to another (of the same or another company) fund in less than 12 months. Will the switching attract short term capital gains tax?