In sops for the middle class, Finance Minister Nirmala Sitharaman on Tuesday hiked standard deduction by 50 per cent to Rs 75,000 and tweaked tax slabs under the new income tax regime to provide more money in the hands of salaried class with a view to boost consumption. She said salaried employees in the new tax regime could save up to Rs 17,500 in income tax annually following the changes announced in the Budget. The standard deduction for salaried employees is proposed to be increased from Rs 50,000 to Rs 75,000 annually.
'If the portfolio growth rate is higher, take this loan. If it is lower, liquidate your investments.'
Quiet hiring allows employees to expand their skill sets, making them more versatile and valuable to the organisation, says Sonica Aron, founder of the HR consultancy firm, Marching Sheep.
If gratuity is not paid within 30 days of termination, the employer must pay interest as set by the central government.
'Lack of self-control over spending leads to a credit card debt trap.' 'People think they have money and spend using a credit card, but when it's time to pay, they realise they don't have the money.'
'We expect market consolidation and recommend buying during market dips.'
'Filing a nil ITR serves as a formal declaration to the tax authorities that your earnings fell below the taxable threshold in the given financial year, and you had no tax liability during that period.'
Had you invested Rs 10,000 each in JSW Steel, Titan Company and Bajaj Finance 20 years ago, when they were just penny stocks (trading below Rs 10), you would have become a millionaire by now.
By taking the mutual fund route, investors can take exposure to gilts with small amounts. Over a decade or more, returns from these funds tend to be sound.
Announced in January 2024, the BPGPA MBA is a blended (hybrid) programme that combines on-campus, in-person sessions and live interactive online sessions.
'Investors should not go for lump-sum investments in infrastructure funds at this point.' 'The SIP route is the best to avoid any major disappointment.'
Long-term investors should never stop their SIPs during market corrections.
Using mantras from the Bhagavad Gita, Vatsal Ramaiya explains how you can conquer your home loan debt and unlock a world of financial freedom and peace of mind.
Discrepancies between Form 26AS and Form 16 can lead to an inquiry by the I-T department.
Dr Ipshita Johri explains how you can keep your skin healthy in the rainy season.
Mutual fund investors no longer need to link their PAN with Aadhaar to obtain 'KYC-registered' status.
Arthritis affects people of all ages, including those in their 20s and 30s, says Dr Prashant Kamble, consultant-orthopedics at the Sir HN Reliance Foundation Hospital, Mumbai.
Employers seek individuals who can prioritise tasks, solve problems, and work within deadlines, notes Ankit Aggarwal, founder and CEO, Unstop.
'Understand how wedding expenses fit into your overall financial situation.' 'Evaluate how different levels of spending will impact other goals like retirement, travel, or housing.'
Selected students from Delhi will receive up to Rs 10,000 to cover tuition fees along with an annual academic allowance of up to Rs 10,000.
Make children realise that money is earned through hard work and used to buy necessary things.
Investors should view the increase in the LTCG tax rate in conjunction with the increase in capital gains exemption from Rs 1 lakh to Rs 1.25 lakh, which will provide some relief.
Not filing an ITR or paying the tax dues on the deceased's behalf can lead to penal consequences.
Income Tax department's online tool empowers you to verify any notice or order you receive. This free service is available to everyone, regardless of whether you're registered on the e-filing portal.
RediffGURUS Ashwini Dasgupta, Anu Krishna, Dr Karthiyayini Mahadevan and Jinal Mehta answer queries from Rediff readers.
Many seniors mistakenly believe they need not file returns if tax is deducted at source (TDS) on income received. This is incorrect.
A total of 28 scholarships are available for Indian students who have applied to a UG or PG programme at the University of Sydney.
Build a portfolio diversified across market caps, investment styles, and geographies.
A toothache or jaw pain can be a warning sign of an impending heart disease warns cardiologist Dr Ajit Menon.
These funds at times invest in companies going through corporate restructuring, such as mergers, demergers, or buybacks.
In the case of double-income couples, not more than 40 per cent of the net income of one partner should be the EMI for the property.
As the number of students seeking higher education abroad continues to rise, several countries are implementing new rules. Gaurav Batra, CEO and founder of Infinite Group highlights how these changes will impact Indians who are planning to study abroad.
Do not keep a large portion of your long-term portfolio in FDs.
Considering factors like job prospects, growth potential and industry trends can provide valuable insights into selecting a suitable career path, suggests rediffGURU Rohit Gupta.
Income Tax department have released different tools to help you file your ITR-3 form easily.
'A mid-year review makes the end-of-year financial review manageable and less stressful.'
When indulging in an office romance, boundaries are a must. You might be flying high on the bliss of a new relationship, but your colleagues are not obliged to enjoy the PDA, says rediffGURU Ravi Mittal.
'If you are investing in a Ulip for returns, go for a type I Ulip.' 'If you are investing for insurance cover as well, type II is better.'
A rider is a supplementary cover which can be purchased with the base policy by paying an additional premium.
A crucial point anyone purchasing health insurance must heed is the need to declare PEDs.
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