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WANT TO SAVE TAX?WANT TO MAKE MONEY?WANT TO RETIRE LIKE A BOSS AND BE SUPER RICH AT THE AGE OF 60?Remember a penny saved is a penny earned. Also earning is hard. Real hard.This article is for people who love every bit of their hard- earned money but are grappling with the dilemma on whether to deal with this hassle or just not fall into the trap.Well we all are very inquisitive about the whereabouts of our money. So why let it go when we can easily save it by following a simple procedure.Here's something that I've examined & evaluated over a period of time and hope it would help you in saving a huge chunk of your money in future.Just go through the entire article thoroughly and trust me you don't need to worry about saving tax after that.As an example I'm taking:Total base pay as Rs. 5,50,000Basic salary as Rs.2,20,000TAX COMPONENTSA) 80C- Investment under 80CB) 80D- Medical InsuranceC) 80DD- Handicapped DependentD) 80E- Education LoanE) 80U- Self With Physical DisabilityF) RentG) Interest On Housing LoanH) Other IncomeI) Previous EmploymentJ) Loss From Letout PropertyK) 80CCG- Rajiv Gandhi Equity Savings SchemeL) SEC80DDB- Self & DependentM) SEC80CCD- National Pension Scheme (NPS)N) Donation u/s 80GI'm guessing that for most of us only A)B)M)are of importance at this moment.A) 80C- Investment under 80CThis would be our major area of discussion as it lists down the instruments, which we can invest in order to save tax. We can invest a maximum of Rs 1.5 lakh in all these instruments put together and the entire amount of Rs 1.5 lakh will be deducted from our taxable income.1) Provident Fund or Voluntary Provident Fund or Employees Provident Fund2) Public Provident Fund3) National Savings Certificate4) Equity- Linked Savings Scheme5) Life Insurance Premiums6) Home Loan Principal Repayment7) Stamp Duty and Registration charged for home8) Five- year bank Fixed Deposits1) Provident Fund (PF)/ Voluntary Provident Fund (VPF)/ Employees Provident Fund (EPF)PF is a part of our salary, which is deducted every month and deposited on our behalf.It is 12% of our basic salary. I.e Rs.2200 (You can always contribute more than the stipulated amount (VPF); in fact you can contribute the entire salary)Your company now invests this amount in Debt bonds which are managed by Fund Managers and we get a return of 8.75% annually.When we leave our company we can apply and withdraw the amount saved.So we should always put this amount in the 80C tax components.Rs.2200/ month= Rs.26,400/ yearPF WITHDRAWAL:Firstly, we can withdraw this amount ONLY IF there is a gap of at least 2 months between the date we leave our previous organisation and the date we join the new one. If not, as per law, we must transfer our PF. (This is assuming that the new company too is covered under the PF Act).Secondly, as per Income Tax Act, premature withdrawal of PF balance will NOT be taxed only if we have had a continuous service of 5 years or more. [Good news is that this 5-year period will also include periods of our previous employment(s) provided we have transferred the PF balances from our previous employer(s) to the latest account.]Thus, under normal circumstances, we are liable to pay tax on our PF amount if the same is withdrawn before 5 years of continuous service. Therefore, it is advisable that we arrange to transfer our PF balance to our new employer(s) whenever we change our jobs and have not yet completed 5 years.2) Public Provident Fund (PPF)Minimum yearly deposit : Rs. 500 Maximum deposit : Rs.1.5 lakhs.The excess amount above Rs. 1.50 lac will neither earn any interest nor will be eligible for rebate under Income Tax Act. The amount can be deposited in lump sum or in a maximum of 12 installments per year.The current interest rate of return is 8.70%/ Annually(compounded annually).Note: PPF cannot be attached under any court order with respect to any debt or liabilities of the account holder. In simple words, No government authority can attack your money in the PPF account (Good for Entrepreneurs)In a generalized view, if an individual deposits an amount of 1 lakh every year for 15 years without any exception, then he would receive a total sum of more than 30 lakh. This reflects the huge amount of benefit applicable on PPF account, for a total investment of 15 lakh (1 lakh every year * 15 years) interest received is more than 16 lakh, which is also in fact non-taxable.Note: Though with such high CPI Inflation numbers in India, it's hard to calculate the real value of Rs. 30 Lakh, fifteen years down the line.PPF LOANS:Loan facility available from 3rd financial year up to 5th financial year. The rate of interest charged on loan taken by the subscriber of a PPF account shall be 2%. (Yes, we need to pay interest on our own money :-P)Up to a maximum of 25 per cent of the balance at the end of the 2nd immediately preceding year would be allowed as loan. Such withdrawals are to be repaid within 36 months.A second loan could be availed as long as we are within the 3rd and before the 6th year, and only if the first one is fully repaid. Also note that once we become eligible for withdrawals, no loans would be permitted. Inactive accounts or discontinued accounts are not eligible for loan.PPF WITHDRAWAL:There is a lock-in period of 15 years and the money can be withdrawn in whole after its maturity period.After 15 years of maturity, full PPF amount can be withdrawn and all is tax free, including the interest amount as well.There's also an option to extend the term for 5 more years after maturity.(Max 20 Years)Note: We'll discuss the amount to be invested in PPF later.3) National Savings CertificateNSC VIII Issue:Minimum investment: Rs100Maximum limit: NORate of interest: 8.50% (Compounded half- yearly; twice a year)Tax benefit: Investment up to INR 1,50,000/- per annum qualifies for IT Rebate.The instrument is available for investment in denominations of INR. 100/-, 500/-, 1000/-, 5000/- & INR. 10,000/-.INR.100/- purchased shall be INR. 151.62 after 5 years.Note: However, Interest earned on NSC is taxable.NSC IX issue:Minimum investment: Rs 100Maximum limit: NORate of interest: 8.80% (compounded half- yearly; twice a year)Tax benefit : Investment up to INR 1,50,000/- per annum qualifies for IT RebateINR. 100/- grows to INR 234.35 after 10 years.The instrument is available for investment in denominations of INR. 100/-, 500/-, 1000/-, 5000/- & INR. 10,000/-.Note :However, Interest earned on NSC is taxableSummary:• Generally, it is advisable to declare accrued interest on NSC on a yearly basis. So, over the period of six years, you could declare the interest income for each year. In such a case, it does not amount to a huge sum.If you do not declare the interest on accrual basis, then the entire interest earned (difference between the amount deposited and the maturity value) would accumulate in the year of maturity. You could then claim it under Section 80C but it would be a huge amount and would be taxable at the current applicable tax rate.• Once you open an NSC, you can't keep adding to it. You will have to buy another. Let's say you buy a NSC of Rs 30,000. In a year's time, you want to add another Rs 30,000. You cannot add it to this amount. You will have to buy another NSC.This picture would clear up a lot of things:My suggestion Is to buy ten NSC IX certificate of value : Rs.1,000/yearSo your investment would be:March, 2016: 1000April, 2016: 1000...December, 2016: Rs.1000That is Rs. 10,000And subsequently for 2017.....2025And your return would be:March, 2026: Rs.2,343April, 2026: Rs. 2343..December, 2026: Rs. 2,343That is Rs. 23,435And subsequently for 2027...2035NOTE: Post offices in Delhi usually do not keep certificates below Rs. 5000. So we can go for two Rs.5000 certificates in a yearTotal amount invested in 10 years= 10,000 X 10 = Rs. 1,00,000Total amount earned in next 10 years=23,435 X 10= Rs. 2,34,3504) Equity- Linked Savings Scheme (ELSS)Mutual Funds:An investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets. Mutual funds are operated by money managers, who invest the fund's capital and attempt to produce capital gains and income for the fund's investors.3 Types of Mutual Funds:• Equity funds ( High risk, high return)• Balanced funds (Medium risk, medium return) (65%- 80% in equity securities and remaining in debt securities)•Debt funds (Low risk, low return)• Traditional InvestmentThe traditional investment method is buying mutual funds where you invest large amounts at one go in either of the three mutual funds (or multiple)The lock-in period is only three years, the shortest among all tax-saving options under Section 80C. You cannot redeem or switch to another option during this period.• Non- Traditional investment OR Systematic Investment plan (SIP)A Systematic Investment Plan or SIP is a smart and hassle free mode for investing money in mutual funds. SIP allows you to invest a certain pre-determined amount at a regular interval (weekly, monthly, quarterly, etc.). A SIP is a planned approach towards investments and helps you inculcate the habit of saving and building wealth for the future.In the case of SIPs, each instalment is treated as a separate investment and will have a three-year lock-in period.Summary:Min investment : Rs 500Max investment: NATax Benefit: Upto Rs. 1.50 lakh (all equity funds fall under tax benefit but not all balanced and debt funds).All the returns are Tax freeSince its your money and you are the sole owner of it, there would be no penalties even if you miss an SIPSince ELSS are essentially diversified mutual funds, there is no guarantee on returns and the return on your investments totally depends on the capability of the Fund Managers. Therefore a Mutual fund should be carefully studied before investing (Financial Advisors are the best people to guide you; ask for financial advisors in your area on JustDial)RDA V/S SIP:What is RDA?Recurring Deposit is a special kind of Term Deposit offered by banks in India which help people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits. It is similar to making FDs of a certain amount in monthly installments, for example Rs 1000 every month. This deposit matures on a specific date in the future along with all the deposits made every month. Thus, Recurring Deposit schemes allow customers with an opportunity to build up their savings through regular monthly deposits of fixed sum over a fixed period of time.Minimum Period of RD is 6 months and maximum is 10 years.What is variable RDA ?Similar to RDA. Here we can vary the amount invested every month according to our budget and needs."Indian bank" offers variable RDARDA (Recurring Deposit Account)Return in banks: 8.25- 8.50%/ yearReturn in post offices: 8.40%/ yearTax benefit: NoSIPAverage Return for debt funds for 3 years: 10.3%Average Return for balanced funds for 3 years: 13.6%Average Return for equity funds for 3 years : 14.10%Tax benefit: All equity funds fall under tax benefit provision but not all balanced and debt funds do. (Check with financial advisor)My suggestion would be to go with SIPs, which are the best source of investment today, giving us a handsome return after 3-5 years and are capable of dealing with the inflation.Plus we are young, some risk on a tiny part of our income is totally justifiable.I would say Rs.5000/ month In mutual funds will suffice.That is Rs.60,000/ annum5) Life Insurance PremiumsMost of us already have a life insurance. For those who don't have one and want to look at the good available options, here's something on life insurances:• ULIP (Unit Linked Insurance Plans)• Term InsuranceThis is a vast topic and an important one too. But to cut it short, Term insurances are the traditional insurances which give us a death cover but no amount on maturity.On the other hand ULIPS are an amalgamation of term insurances and investment, where a part of our premium is invested in the mutual funds and we get this amount on maturity of the insurance.ULIPS have higher premiums (Rs.40,000-Rs.50,000) compared to term insurances(Rs.5000-Rs.20,000) for our age group.There's no point in mixing life insurances with investments(that's what I feel) as we already have a lot of other options to invest our money in.The only setback with a term insurance is that we don't get any amount on its maturity but again the premium is worth it (death cover).Good Term plans:• Max (conversion rate = 96%)Premium: Rs. 9,918/ yearCover: 1 croreTerm: 35 yearsAdditional cover: Rs.40,000/ month for the next 10 years (after death) with a 10% increment every year.1st year: 40,000/ month2nd year: 44,000/ month..10th year: 94,317/ monthPlus 1 crore straight away.And a 10 day guarantee claim from MAX• HDFC (Conversion Rate= 91%)Premium: Rs.12,035/ yearCover: 1 croreTerm: 35 yearsAdditional cover: Rs.50,000/ month for the next 10 years (after death) with a 10% increment every year.1st year: 50,000/ month2nd year: 55,000/ month..10th year: Rs.1,17,897/ monthPlus 1 crore straight away.6) Home Loan Principal Repayment7) Stamp Duty and Registration charged for homeI'm ignoring these two options as they don't apply to most of us at this moment.8) Five- year bank Fixed DepositsReturn: ~8%Lock- in period: 5 years (no Loans or withdrawal before that)You can consider this option just for the purpose of saving tax and not as a money earning tool. (Low returns and long lock- in period)B) 80D- Medical InsuranceJust enter the whole amount of the medical insurance you have taken for yourself and your family.Exempt from tax: YesM) SEC80CCD- National Pension Scheme (NPS)Our government is reforming its policies and the PF account (with our companies) would convert totally into an NPS account as soon as the bill gets passed. The government is initiating this option to promote compulsive savings for our future.Minimum amount/ contribution: Rs.500Minimum annual contribution: Rs.6,000Maximum annual contribution: NANPS CALCULATOR:Current age: 22Retirement age: 60Monthly contribution: Rs.2,000Expected Rate of Return: 8%(Again our money is invested in mutual funds and we are given an option to select the type of mutual fund)I have taken an average of 8% return. Could be higher as well.Amount invested: Rs9,12,000Interest earned: Rs. 49,51,365Total tax saving: Rs. 2,73,600But return is not tax freeWe can withdraw 40% of the amount at the age of 60 and the rest 60% is again invested by the government and can be withdrawn by us on a monthly basis as pension.CONCLUSIONA) 80C- Investment under 80C (Limit: Rs.1,50,000/ annum)•Provident Fund or Voluntary Provident Fund or Employees Provident Fund : Rs.26,400/ annum•Equity- Linked Savings Scheme: Rs.60,000/ annum•Life Insurance Premiums : Rs.10,000/ annum•Public Provident Fund•National Savings CertificateNow we are left with Rs.53,600 of investment/ annum under 80C, which can be put into either PPF or NSC or both (your decision).B) 80D- Medical Insurance: Just enter the whole amount of the medical insurance you have taken for yourself and your family (approx Rs.4,000-5,000/ annum)M) SEC80CCD- National Pension Scheme (NPS): Rs.24,000/ annumYou may not want to invest your money under any of these schemes. That is totally fine and you'll get this money on a monthly basis as a part of your salary. But this part of your income would be taxable and tax would be deducted according to the tax slab you fall in.Good luck :-)

The most common way to buy and sell shares is on the share market using a broker or broking service.You can also buy shares through a prospectus when they are first put on the market or indirectly through a managed fund. Another way to buy shares is through an employee share scheme.Using a broker to buy and sell sharesBuying shares direct Indirect share investments Selling oursharesUsing a broker to buy and sell sharesYou can choose whether you want to a use an online broking service and make your own investment decisions, or use a full service broker who can give you advice and recommendations.Online broking serviceIf you are looking for the lowest possible fees, an online trading account might suit you. The fee to buy or sell a parcel of shares starts from around $30. You're only charged when you buy or sell a share.Full service brokersA full service broker charges more but they can also advise you on what to buy and sell. The law requires brokers to have a reasonable basis for their recommendations. They must also tell you about any interests they have in investment decisions they recommend to you.Brokerage fees are usually based on a percentage of the value of the purchase or sale. The percentage typically reduces as the amount of the transaction gets bigger. Most brokers have a minimum fee which they charge. Typically, the fee on a transaction of up to $5000 will be 2.5%. For large trades, it may only be 0.1%. Small trades worth a few thousand dollars can therefore be relatively expensive.Use the Australian Securities Exchange's find a stockbroker tool to help you find a broker that suits your needs.Buying shares directlyInitial public offerings (IPO)Companies may decide to offer new shares to the market as a way of raising capital. This is called a 'float' or an ' initial public offering' (IPO).Smart tipIf you don't understand something in the prospectus, speak to a stockbroker or financial adviser.The best way to decide if you should invest in an IPO is to read the prospectus. This document must contain key details about the company and the float, and it must be lodged with the Australian Securities and Investments Commission (ASIC). To check if the issuer has lodged a prospectus, see ASIC's OFFERlist database.All prospectuses must contain information on the features of the securities being offered, including how many are for sale, how you can apply to buy them; as well as information on the company, its operations and financial position; and the risks associated with the offer.We recommend you read the whole prospectus, to help you decide if the company suits your investment objectives.Your prospectus checklistCheck the prospectus to answer these questions:Sector - Do you understand the sector the company operates in, or plans to operate in?Competitors - Who are the business' competitors and why does the company think it can compete with them?Financial prospects - Do you understand the financial statements? Have revenues/profits been growing? If the company is not profitable, do you get a clear sense of when (if ever) it might be profitable? Companies at an early stage of development are a much riskier investment proposition.Relative value - What is the price-earnings ratio (P/E ratio) of the company? How does this compare with its competitors? The P/E ratio will help you to get a sense whether the IPO is fairly priced. Generally, a higher P/E ratio means investors expect higher growth.Dividends - Does the company intend to pay a dividend? If so, when is this expected?Purpose of float - How will the company use the funds raised through the IPO?Licences - Does the company have all the necessary licences and permits to operate? If not, when will it get them?Directors - Are the company's directors and managers paid what you would expect for the company's size and industry? Do the directors and managers appear to have appropriate skills and experience? Check that they are not listed on ASIC's Banned and disqualified register. The prospectus should disclose if any of the directors have managed a company that failed in the last few years.Advisers - How much are independent advisers paid as a percentage of the funds raised by the IPO? If the fees exceed 10% then you should consider whether the company's advisers are being fairly remunerated. The more money that goes to advisers, the less that is available to the company.Risks - Is the risk disclosure section detailed and specific to the company? Vague language or general disclosures (such as warning that the price of shares can go down) could be a sign the company is not telling you everything you need to know.Profit estimate - Are the assumptions underlying the profit estimates (e.g. demand for the goods or services produced, or assumed economic conditions) reasonable? What will happen if they vary? Also think about your investment timeframe and how you may be affected if the projections turn out to be optimistic.If the answers to any of these questions raise doubt in your mind about the company's prospects, get professional advice before investing. Alternatively, look for an investment you can understand more easily or, if you want to take a chance with the IPO, only invest money you can afford to lose.Buying shares through crowd-sourced fundingCrowd-sourced funding (CSF) (also called 'equity crowd funding' or 'crowd-sourced funding of shares') is a way for start-ups and small and medium-sized companies to raise money from the public to finance their business. You can invest up to $10,000 a year in a company and in exchange you'll receive securities in the form of shares.Crowd-sourced funding of shares is different from crowd fundingCrowd-sourced funding of shares is different from the donation-based crowd funding typically used by artists or entrepreneurs to raise money for one-off projects.It is also different from investment-based crowd funding, which may involve investing in a managed investment scheme or be offered by someone who does not need an Australian financial services (AFS) licenceIfou want to invest in a company offering shares through a CSF website, you will be asked to acknowledge that you have read and understood the risk warning listed on the website and in the offer document.IfYou can only invest up to $10,000 per company in a 12-month period, so your application will be rejected if you try to invest more than the cap.You have a cooling-off period of 5 business days to change your mind if you decide the investment isn't for you. During this time, you can withdraw your application to invest and receive a full refund.Check the intermediary is licensedEnsure the company has listed their offer on a website that is run by a licensed intermediary. Check ASIC Connect's Professional Registers to see if the website operator has an AFS licence that allows it to legally provide CSF services. If they do, the information will be listed under the section called 'licence authorisation conditions'.Risks of crowd-sourced fundingSome risks of crowd-sourced funding include:Lack of company track record - Some businesses that raise money through crowd-sourced funding are new or in the early stages of development, so there's more risk that the business will be unsuccessful and you may lose all the money you invested. Read all the information available on the CSF website to check specific risks associated with each business, as well as doing your own research on the company.Shares may fall or be hard to sell - Even if the company is successful, the value of your investment might fall, and the return you receive could be reduced if the company issues more shares. Your investment is also unlikely to be 'liquid', so if you decide you need the money you've invested, you may not be able to sell your shares quickly, or at all.Risk of fraud or insolvency - If your money is handled inappropriately or the intermediary operating the website becomes insolvent and hasn't met its obligation to keep your money separate, you may lose all the money you've invested.Before investing, read the offer document issued by the company and use the portal on the CSF website to ask questions about the company or investment.Employee share schemes Employee share schemes give employees shares (or the opportunity to buy shares) in the company they work for. The shares might be offered without a brokerage fee or at a discount to the market price, but carefully read the terms and conditions in the offer, as there may be restrictions on when you can buy, sell and access the shares.Indirect share investmentsManaged fundsWhen you invest in a managed fund, your money is pooled with that of other investors. A professional fund manager buys shares and other assets on your behalf and tries to outperform the market. This is a convenient way to buy shares where someone else is responsible for the buy and sell decisions, but watch out for the fees charged by the fund manager.Listed investment company (LIC)A listed investment company (LIC) uses money from investors to invest in a range of companies and other assets. LICs pay dividends from their earnings and often have lower ongoing costs than managed funds. However, they may be less suitable if you invest small amounts regularly, as there are stock broking fees on each contribution.Exchange traded funds (ETF)An Exchange traded fund (ETF) invests in a basket of shares that make up an index, e.g. the ASX200 Index. An ETF allows you to diversify your portfolio without having a large amount of money to invest.You can buy or sell ETFs just like any other share. They generally have lower ongoing costs than managed funds, but may be less suitable if you invest small amounts regularly, due to a stock broking fee on each contribution.CHESS Depository Interests over sharesCHESS Depository Interests (CDIs) are used to allow shares of foreign companies to be traded on Australian exchange markets. You can buy CDIs on any of the public exchanges in Australia.When you buy CDIs you own shares in the foreign company, but the shares are held by a depository nominee on your behalf.CDIs can be swapped for foreign shares, and vice-versa, at any time. However, if you choose to swap your CDIs for foreign shares, you will not be able to sell them on an Australian exchange.Generally, if you own foreign shares through CDIs, you will receive many of the same benefits as other shareholders, including entitlements such as dividends and the right to participate in share offers made by the foreign company to its shareholders. However, you will be unable to vote in person at a company meeting unless you are allowed to by the laws of the country where the company is established (but you can direct the depository nominee to vote on your behalf).For more information about the differences between holding CDIs and directly holding shares in the company, read the prospectus or other disclosure documents prepared by the foreign company you wish to invest in.For more information about CDIs, see the ASX publication Understanding CHESS Depository Interests.Selling your sharesRegardless of how you buy shares, at some stage you may want to sell them.If you hold the shares directly you can sell them by placing a trade online or contacting your broker. When your trade is executed you will be charged a brokerage fee.Smart tipWhen you sell your shares or units in a managed fund, keep a copy of the trade confirmation or receipt for tax purposes.When you sell shares, the legal title of ownership is exchanged. Settlement for the sale and transfer of ownership occurs 2 business days after the trade takes place (this is known as T+2). Once settlement is completed, the money for the sale of the shares is transferred into your designated bank account.If you hold shares indirectly through a managed fund, you can sell them by selling your units in the managed fund. Before you do this, check if there are any withdrawal costs.Share buy-backsSometimes a company you own shares in may offer to buy back some of its own shares.If you receive a buy-back offer, you have the right to decline if you wish. Before you decide, consider these questions:Why does the company want to buy back its shares? - The company will send you a document explaining why it is making the offer to buy back its shares, and the steps it is taking to do this. For example, the company may want to distribute surplus money back to shareholders, or reduce administrative costs in a listed company by buying out holders of small parcels of shares.Is now a good time to sell? - You're not obliged to sell, so if you're happy with the company's prospects, you can keep your shares. However, if you were thinking of selling your shares anyway, selling them back to the company as part of a share buy-back offer will save you paying broker's fees.Unexpected offers to buy your sharesIf you receive an unexpected letter offering to buy some of your shares, there are some checks you should do before you decide to accept the offer.Find out who is making the offer and whyCheck whether the offer is from a legitimate company by using ASIC Connect to search within 'organisation and business names' for the company's details and contacting them.The company or person making the offer wants to make money, so perhaps there is public information about something that is about to happen to your shares that you may not know about. Check company announcements on the ASX or talk to a stock broker in case you missed important news that was released to the market.What are the shares really worth?Get an up-to-date market price for your shares and compare it with the price being offered. You can check with the company, the ASX or a stockbroker.Check the contents of the offerThe law restricts the way an offer can be made. For example, the offer document should be dated and identify who is making the offer and give you at least one month in which to accept. It must also state:the price offeredif you will be paid in instalmentshow and when those instalments will be paid.If your shares are not sold on the ASX or any other exchange, the offer document must state a fair estimate of the value at the date the offer was made. It must also explain how they arrived at this estimate.If your shares are sold on the ASX or another exchange, the offer document must state the market price for those shares the day the offer was made.Hope it Clear your all concepts.Leaving one upvote can boosts writers moral

Thanks for the A2A Raakhee.I have answered a similar question earlier(Sethuramalingam Venkatasubramanian (சேதுராமலிங்கம் வெங்கடசுப்ரமணியன்)'s answer to How is the life of Indians who settle abroad (US, UK, Canada, Australia or New Zealand)? What’s their daily life like? Is it better? Is it worth separating from their friends, relatives and country? What do they miss? Do they want to come back?) . Ill try not to repeat and cover the aspects that I have not covered there.I moved to New Zealand four and a half years ago. I live in the Wellington, the capital city of New Zealand. I came here through my company and have been working here for the same company since. I work in IT, so my views are generally based on what I have experienced working in the IT space here. In general I find Indians are well respected. I have seen a lot of Indians in very high positions in various government and private organisations here. Indians are the one of the fastest growing communities in New Zealand.Wellington CityWork life balance is excellent. I hardly work more than 40 hours a week except the odd project delivery dates. The delivery deadline pressures are much better. The IT industry here is fairly conservative. Most of the work is done in house and inside the country. Contracting is big, so if you are ready to take the risks that come with it, you get paid accordingly. Getting a residency is not too difficult especially if your job profile is on the skills shortage list(Skill Shortage List Checker – Immigration New Zealand). If you are a resident you have the right to vote as well. Racism is very rare and if experienced is more an aberration.Education is state funded and quality of education quite good. Of course if you intend to go back to India, you need to keep your child in sync with the Indian syllabus as well.If there is a paradise on earth, then NZ definitely is a slice of it. The country will just stun you with its beauty. There are tons of beautiful places to visit and its very affordable as well. This is one of the biggest benefits of living here.There are a few issues as well. The job market is very small and you would only be considered for an interview only if you have a residency. The process of getting a job takes quite a bit of time and given the high rents here, you are better off being prepared for it. Although Wellington is one of the few places in the world where you can live comfortably in the CBD and walk to work, the quality of housing, especially insulation and heating leaves a lot to be desired. The city is the windiest in the world(Where is the world's windiest city? Spoiler alert: it's not Chicago) and when its a southerly, most houses get really cold due to the wind-chill factor. The rentals are really high and you have to pay on a weekly basis(not monthly). This shaves away quite a bit of savings. Since its an island far away from the other places, almost everything is more expensive. Needless to say our bags are quite full when we return from an Indian trip.NZ has a good social welfare system.But the benefits are applicable to only the people who have a residency. The medical facilities are good but is not enough to meet the needs of the country. If you are on a work permit with less than two years validity, the GPs wouldn’t register you and getting an appointment is a nightmare. Even otherwise there’s a serious resource crunch in the country for medical professionals and there are huge waiting lists for public funded surgeries.Overall, the positives far outweigh the issues. If you find a job in NZ then don’t even think about anything else. It's worth coming here just to see the sheer beauty the country has to offer.