Some individuals opt for the new regime without a comparative analysis of the tax liability under the two regimes.
'Having a separate healthcare corpus is extremely important even for those already covered by health insurance.'
New lower GST rates kicked in from Monday, resulting in a slashing of prices of as many as 375 items ranging from toothpaste and shampoo to cars and television sets, a move seen as an attempt to boost consumption to cushion an economy facing tariff headwinds. Tax rates of 5, 12, 18, and 28 per cent have been clubbed into two rates of 5 per cent and 18 per cent, resulting in a reduced price of 99 per cent of daily use items.
Prime Minister Modi urged the people of the country to take pride in selling and buying indigenous goods.
Don't solely focus on tax-saving alone.
When and how you can access EPF money before retirement without jeopardising your long-term retirement savings.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
Equity-linked savings scheme, PPF and Sukanya Samriddhi Yojana are recommended instruments.
Taxpayers seeking to save tax from the sale of gold (including inherited) should reinvest the capital gains in residential property to avail of the benefit provided by Section 54F.
EMI means you've already spent tomorrow's income; SIP means you're investing today's income to secure tomorrow, explains Ramalingam Kalirajan
After Maharashtra Deputy Chief Minister Ajit Pawar announced that the sale deed executed by his son Parth's firm for a prime land in Pune has been scrapped, officials said the company will have to cough up double the stamp duty, which comes to Rs 42 crore, to get the transaction cancelled.
Review your family emergency fund and replenish it if needed. Revisit financial goals to see if there is any change in timeline or the corpus required.
'Reinvention is not a hugely difficult task. With technology as available today, you can reinvent yourself pretty quickly.'
>According to the latest RBI data, PPF receipts have already experienced a decline between April 2023 and February 2024. Other schemes like the Sukanya Samriddhi Account and National Savings Certificate are also witnessing reduced inflows.
Although most high-frequency traders (HFTs) prefer to set up shop close to stock exchanges to enjoy better latency, a few are willing to sacrifice proximity to save a few bucks. Two HFTs have already established their offices at the GIFT City (Gujarat International Finance Tec-City) IFSC while many more are likely to follow suit.
Your EPF isn't just a retirement pot. It's a financial safety net you can dip into for life's biggest needs. Here's how these one-time advances work and when to use them wisely.
One should avoid keeping excessive funds in one's savings account.
An interesting feature about the NFO is that the AMC will absorb all the initial issue expenses; it will not pass on the cost to the investor, which is the standard industry practice. The same will reflect in the investor's return.
rediffGURU T S Khurana answers readers' personal income tax queries.
The NSO previously tried to collect household income data in its ninth (1955), 15th (1959), 19th (1964), and 24th (1969) rounds (July 1969-June 1970), but these efforts were not completed, partly due to non-responsiveness by respondents.
Here's unlocking the real story behind your EPF's 8.25% interest and what it truly means for your retirement kitty.
The 100 per cent withdrawal provision and the 25 per cent minimum balance provision have led to some confusion.
The Congress party has criticized Prime Minister Narendra Modi's handling of GST reforms, calling them inadequate and demanding an apology for the tax imposed on essential items. They argue that the reforms are merely a 'band-aid' solution and that the government should address the states' demand for extended compensation.
A 10-part series that explains all you want to know about how India's EPF turns a slice of your monthly salary into long-term savings, pension, and life insurance.
'The government is putting insurance in the same category as food, which is essential for life.' 'Now this is an opportunity for the sector to focus on the consumer.'
Reduction of GST on health insurance premium from 18% to 0% looks like a straight 18% reduction in what consumers pay. The truth, however, is...
Those who have long retirement horizons of 15 to 20 years and seek higher long-term returns may opt for MSF. Investors nearing retirement (under 10 years) or those with low risk tolerance should stay away.
The return filed could be treated as defective, invalid, or even be considered as not filed at all.
Taxpayers can claim a deduction on tuition fees for a maximum of two children.
rediffGURU T S Khurana answers readers' personal income tax queries.
Ask rediffGURU and PF, MF and insurance expert Purshotam Lal your mutual fund, insurance and personal finance-related questions.
The GST Council on Wednesday approved two slabs of 5 per cent and 18 per cent effective from September 22, the first day of Navaratri.
Did you know that you can get a tax benefit of up to Rs 50,000 under a health insurance policy?
Besides wrong selection of ITR form, many professionals claim deductions they are ineligible for.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Trump's post on Truth Social comes a day after the US asked G7 countries to impose tariffs on countries purchasing oil from Russia.
Here's what Indian investors diversifying into equities, ETFs, and real estate abroad to manage risk, returns, and currency exposure must watch out for.
'If you invest in a rush at the last moment, you could compromise on selecting the best tax-saving options.'
Banks and NBFCs are launching festival offers, including lower loan rates, cashback, EMI schemes and GST-linked benefits to tap rising demand ahead of Diwali
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