Post your financial planning queries for rediffGURU and financial planning expert, Colonel Sanjeev Govila.
'The adjustments (of tax slabs and standard deduction) will reduce the tax burden for salaried individuals with an income of around Rs 20 lakh by approximately Rs 18,000.' 'For non-salaried individuals with the same income level, the savings will be around Rs 10,000.'
Defence Minister Manohar Parrikar has said his ministry had completed all formalities in respect of the one rank-one pension scheme for ex-servicemen and nobody should try to "politicise" the issue.
Rajasthan Chief Minister Ashok Gehlot on Friday announced his government's decision to form 19 new districts and three new divisions in the state, earmarking Rs 2,000 crore for development of infrastructure for them.
'PPF carries minimal risk.' 'Its fixed-income nature allows investors to diversify their portfolios.'
Highlights of the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman in Lok Sabha on Tuesday.
PFRDA will invite bids to appoint pension fund managers.
The Bharatiya Janata Party, which won 25 seats in the Himachal Pradesh elections, suffered a setback in the assembly segments falling under Shimla, Hamirpur and Kangra parliamentary constituencies in the hill state.
A retirement fund can be helpful for all age groups, but ideally one should start investing early to beat market swings and gain from compounding.
Trains were set afire and blocked, and public vehicles attacked as protests over 'Agnipath' swept across several places in Bihar, Uttar Pradesh, Rajasthan, Haryana, Madhya Pradesh, Delhi and Jammu on Thursday amid partisan political voices in favour and against the new recruitment scheme for the defence forces that has set off a firestorm.
What is most troubling is that not a single party that is part of INDIA has talked about any kind of reform and economic sense, argues R Jagannathan.
rediffGURU Anil Rego answers readers' personal income tax queries.
It will try to exploit the infighting in the state's ruling Congress while it manages factionalism within its own ranks
The political crisis arose in Himachal Pradesh during the recently held polling for the Rajya Sabha elections as nine MLAs, including six Congress rebels and three independents, voted in favour of BJP candidate Harsh Mahajan.
Protests in Mumbai and Jammu denounce the Chinese government after Chinese soldiers clashed with Indian troops in Arunachal Pradesh.
The extension has been given as the government wanted to ensure that genuine beneficiaries who do not have an Aadhaar number are not denied benefits for the lack of the biometric identifier
Many seniors mistakenly believe they need not file returns if tax is deducted at source (TDS) on income received. This is incorrect.
The party also promised reservation to minorities on basis of their population after the caste census.
'Barring a temporary blip where stocks fell on verdict day, we are back to all-time highs.'
At present, deposits, accrual of interest and withdrawals are tax free under the scheme.
In his Independence Day address from the ramparts of Red Fort, Modi also reiterated his government's unwavering resolve to ensure national security amid the current global security scenario.
Nayab Singh Saini on Wednesday staked claim to form the next government in Haryana, hours after he was unanimously elected as the leader of the Bharatiya Janata Party legislature party in the state.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
They said that massive public investment in infrastructure, social sectors and agriculture would generate employment and the Union Budget should give it a priority and allocate necessary funds for this.
"I sometimes think of leaving it, but the chief minister's post doesn't leave me," Ashok Gehlot famously said earlier this year, in part as a signal to the Congress top brass not to pick someone else for the job if the party wins the assembly polls.
But to avail the benefit of this new tax-saving scheme you will need to ask your employer to make some changes to your CTC package.
The Reserve Bank of India's retail direct scheme is off to a good start but the central bank itself sees it as an additional avenue and not an alternative to the existing one. Still, a reasonable expectation is to have at least 100,000 investors within a month of it being operational, and that could be well under way, if the latest trend is to sustain. The registration in the retail direct platform has crossed 35,000.
'Despite rising inflows, many NRIs lack awareness about NRO and NRE accounts and mistakenly use family accounts or invest in a relative's name.' 'Many are unaware of tax implications.'
Here are some frequently asked questions about the one rank, one pension scheme
From taking charge of Jharkhand as its youngest chief minister at 38 to establishing himself as a 'fighter' for tribal rights, Hemant Soren, who was arrested by the Enforcement Directorate, is an accidental leader thrust into politics after a family tragedy.
The federation is now busy sending letters to the prime minister.
Ahead of this election, the alliance between the BJP and the SKM had broken down. One reason is the fear that like Article 370, Article 371F might also be changed.
Priyanka Gandhi led the party's charge in Himachal Pradesh with several rallies and was also closely involved in strategy planning for the polls.
The bench also said that a seven-judge bench needed to be constituted for authoritatively deciding a batch of petitions challenging the Aadhaar scheme on grounds including that it infringes on the Right to Privacy of citizens.
A remarkable story which helped in transforming a bureaucratic organization, to a customer centric organization. This experience may inspire several government / private organizations to modify or adopt digitisation to transform their business, notes Professor N Ravichandran (retd).
'The 4th meeting of the leaders of INDIA parties will be held on Tuesday December 19th, 2023 in New Delhi at 3 pm,' Congress general secretary Jairam Ramesh said in a post on X on Sunday.
Finance Minister Jaswant Singh has indicated that the proposed 'Dada-Dadi' bonds for pensioners, scheduled to be launched on April, will run side-by-side with Life Insurance Corporation's Varishtha Pension Bima Yojana.
A land-owning class, the Jats are a powerful community and account for 28 per cent of Haryana's population. The time, they believe, has now come for them to take revenge.
A five-judge constitution bench headed by Chief Justice DY Chandrachud had on May 11 reserved its verdict on the pleas after a marathon hearing of 10 days.
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