Banks offer a wide range of group insurance plans -- personal accident, health, hospital cash, home insurance, credit protection, and critical illness.
How does the Union Budget 2024-25 impact taxpayers, investors and traders?
rediffGURU Samkit Maniar answers readers' personal income tax queries.
When the market is down, you can buy more units, which offers you the rupee cost averaging. But the question here is, with so many options available in the market, which one should you choose? Keep reading to get the answer.
The provisions of deduction of tax at source apply to both but in some cases it is possible to save tax through proper tax planning.
Individuals often postpone tax planning till the end of the financial year. As the deadline for showing proof of investments draws near, they invest randomly in any product that will help them save tax for that year. Later, they realise that it is not suited for them, so they abandon it. Tax planning should not be a standalone, one-off activity, but should be in sync with your overall financial plan, says Sanjay Kumar Singh.
Prime Minister Shigeru Ishiba's sudden resignation after only a year in office has thrown Japan into political turmoil, raising doubts about how the country will handle economic and regional challenges, observes Dr Rajaram Panda.
rediffGURU T S Khurana answers readers' personal income tax queries
Tax evaders, BEWARE! The Income Tax department is using AI data analytics to bust fake deductions, flag HRA fraud, and trace digital footprints.
Direct tax expert Vikas M Gandhi offers some valuable tax-saving tips.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
In an hour-long chat with rediff.com, financial planning expert Sailesh Multani offered some valuable tips.
You can invest the proceeds in capital gains bond or reinvest in another residential property.
Trump is confident the US will eventually emerge the winner from whatever turmoil his policies cause, notes T T Ram Mohan.
The original draft of DTC was much different from what you have in current form. Having said that you need to make you investments DTC-compliant. Here's some more in depth analysis and the strategy you must follow once DTC 2012 kicks in:
'Some part could be used for consumption purposes, and the rest could be used to meet important financial goals.' 'The split can be 30:70 to 50:50, depending on one's situation.'
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
Want your investments to make money as well as save tax for you? Anil Rego has some advice
The new tax relief helps those earning Rs 12.75 lakh per year save Rs 83,200 annually. Let's see how investing this amount can grow your wealth.
Aurangabad-based financial planner Anirudha Hatwalne laments that youngsters do not plan their finances. And, their only worry is about saving taxes at the end of the year.
In a double-dose bid to boost growth and employment prospects, the Union Cabinet on Tuesday approved a Rs 2.07 trillion outlay for a research development and innovation (RDI) Scheme to fund private sector innovations, and an employment-linked incentive (ELI) to create over 35 million new jobs over the next two years.
ELSS investments require a long-term commitment of at least seven years.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Systematic Investment Plan (SIP) and Systematic Withdrawal Plan (SWP) are very crucial. Here, we will help you understand how these tools can pave the way for a stress-free retirement.
The government on Tuesday proposed a relief to taxpayers with respect to capital gain tax on real estate properties by giving them the option to choose between 20 per cent and 12.5 per cent tax rates.
The answer depends on your financial goals and risk appetite, says Certified Financial Planner Ramalingam Kalirajan, and explains why.
Wonder how this is possible? Read on how to plan properly to optimise your tax outgo every year.
US President Donald Trump's plan to sign an executive order to cut prescription drug prices by 30-80 per cent could lead to a global price adjustment with pharma firms pushing lower-cost countries like India to raise prices, according to the economic think tank GTRI. The US move could push prices in lower-cost countries like India as manufacturers would seek to recover losses and R&D costs from these nations.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
State Bank of India chairman Dinesh Kumar Khara has pitched for tax relief on interest income, saying it would help banks to garner savings that could be used for funding long-term infra projects. Currently, banks are required to deduct tax when interest income from deposits held in all the bank branches put together is more than Rs 40,000 in a year. With regard to savings accounts, interest earned up to Rs 10,000 is exempt from tax.
They don't just want better returns -- they're looking for global opportunities, more variety and smarter ways to grow their money, says Soubho Moulik, CEO, Appreciate.
Investors with a long-term horizon and high-risk appetite seeking capital appreciation can consider investing in ELSS.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Start your journey to financial freedom today. Ask your questions and let our experts show you the way to a secure and prosperous future.
Car purchases in India are largely limited to the top 12 per cent of households with an annual income exceeding Rs 12 lakh, while even small cars have become unaffordable for the remaining 88 per cent, said R C Bhargava, chairman of Maruti Suzuki India Limited (MSIL), on Friday. "How can you get high car sales growth if 88 per cent of the country are below the levels of income where they cannot afford these cars costing Rs 10 lakhs and above?
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The Trump trade shock is a chance to push long-overdue reforms, rather than tinker with tariffs to appease the US, suggests M Govinda Rao.
Finance Minister Nirmala Sitharaman on Wednesday raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
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