How does the Union Budget 2024-25 impact taxpayers, investors and traders?
Make minimum payments on all debts, then use extra funds to tackle the smallest debt first.
Adopting overly aggressive strategies without considering risk could lead to significant losses during the next downturn.
People in full-time jobs should especially avoid intraday trading as it results in loss of focus and affects performance.
Investors keen on mid and smallcap stocks but wary of volatility should consider multicap equity schemes over standalone midcap or smallcap schemes.
Pratham Barot, CEO and co-founder, Zell Education, explains how specialised courses in finance can help you earn a cushy six-figure salary.
Experts say you should be certain of living in a city and locality for a long time before purchasing a home.
Failure in examinations, the inability to get an expected score or admission to an educational institution of one's choice often precipitates distress in students and may increase the risk of suicide, warns Dr Rakesh K Chadda.
Let's explore five transformative yoga asanas designed to fortify your back, neck and shoulders, ensuring you stand tall and strong, just like a tree rooted firmly in the ground.
Younger people, who usually have a longer investment horizon which allows them to handle the interim volatility, may go for them.
MMFs invest in fixed-income instruments maturing in less than one year, minimising interest-rate risk.
Excessive sugar intake has been linked to brain inflammation, which can affect cognitive functions such as memory, learning, and decision-making, warns Pankaj Prakash Sharma, founder, Happa Foods.
Investors with a long-term horizon and high-risk appetite seeking capital appreciation can consider investing in ELSS.
Heart conditions may be hereditary, and knowing your family's health background can help you understand the risk your might face, says consultant cardio-thoracic surgeon Dr Gulshan Rohra.
Micromanagers feel the need to be involved in every decision, hence they will avoid delegating tasks and spend a lot of time focusing on minor details rather than the bigger picture, 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.
A maximum of two shortlisted students will be offered financial support for a period of up to three months.
'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.'
When addressing issues, it's crucial to focus on specific behaviours rather than personal characteristics to maintain objectivity and reduce personal offence, suggests Sonica Aron, founder, Marching Sheep.
'If the borrower can't repay the loan due to lack of income or losses from speculative activities, they risk defaulting on it.' 'This could lead to the bank seizing the property.'
Bullied children could show a sudden reluctance to go to school. Pay attention to any changes in their social dynamics such as avoiding certain friends or becoming increasingly isolated, says Dr Maithili Tambe.
RediffGURUS Ashwini Dasgupta, Anu Krishna, Dr Karthiyayini Mahadevan and Jinal Mehta answer queries from Rediff readers.
Invest in MFs for liquidity and choice of funds. Invest in NPS for the tax benefits, tax-free rebalancing, and for earmarked savings for retirement.
'An equity-based index fund should be held for more than five years to average out market volatility and achieve financial goals.'
'If the portfolio growth rate is higher, take this loan. If it is lower, liquidate your investments.'
'If an individual makes significant financial investments, she should stick to the old regime.' 'If the individual prefers straightforward computation without any tax benefits, the new regime would be suitable.'
Apart from the emotional value attached to buying gold, the yellow metal offers protection against inflation, interest rate spikes, currency and geopolitical risks, says Anamika Pareek.
'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.'
Mutual fund investors no longer need to link their PAN with Aadhaar to obtain 'KYC-registered' status.
The growing decline of MTech applicants in Indian colleges is due to multiple factors, including outdated curricula, poor return on investment and lucrative non-engineering alternatives, say experts.
'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.'
A cortisol belly is a common health problem resulting from elevated cortisol levels due to chronic stress, poor diet, lack of physical activity, inadequate sleep and overtraining, says clinical nutrition consultant Neha Sahaya.
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.
It's important to take breaks, spend time with loved ones and engage in activities like yoga or meditation to help relax and relieve stress.
Discrepancies between Form 26AS and Form 16 can lead to an inquiry by the I-T department.
Long-term investors should never stop their SIPs during market corrections.
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.
'We expect market consolidation and recommend buying during market dips.'
'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.'
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.
