Keep yourself updated with the latest financial news and updates.
Posted On : 15-Feb-2023
Reference : Money Control
Marriage is a new beginning, and for most couples discussing money may not be a priority. However, timely handling of money matters will help avoid future conflicts.
Posted On : 11-Feb-2023
Reference : ET Wealth
The Reserve Bank of India (RBI) is set to cap the penal charges levied by the banks and non-banks related to loans payment missed by borrowers, bringing enormous relief to borrowers who have been squeezed by usurious charges. The central bank has said that any penalty imposed by regulated entities will be "reasonable & transparent" and that lenders should not use it as a revenue enhancement tool.
Posted On : 11-Feb-2023
Reference : ET Wealth
FD Interest Rates: Not all banks have raised their FD interest rates in tandem with the repo rate hikes. It will take some more time for the banks to raise their rates further. The next monetary policy scheduled in April this year will give a more tangible direction. So, if you are planning to invest in a big FD for long tenure it will be better to wait for 2-3 months.
Posted On : 05-Feb-2023
Reference : Money Control
Budget 2023 offers a number of tax benefits for those who choose the new tax regime. But for those making home EMI payments and claiming house rental allowance, it may make more sense to stick with the old tax regime.
Posted On : 05-Feb-2023
Reference : ET Wealth
DigiLocker and Aadhaar will be used as a one-stop solution addressing KYC needs, Finance Minister Nirmala Sitharaman said in the Budget 2023 speech.
Posted On : 05-Feb-2023
Reference : ET Wealth
The Budget seems to attract and enhance the common taxpayers' sentiments by providing numerous tax benefits. However, one needs to be mindful that these benefits are only available to taxpayers who do not choose to file the tax return under the old tax regime. The tax slabs and rates under the old tax regime remain the same.
Posted On : 05-Feb-2023
Reference : ET Wealth
For individuals below the age of 60 years, the basic exemption limit is Rs 2.5 lakh in a financial year. For senior citizens (between 60 and 80 years), the basic exemption limit is Rs 3 lakh. For super senior citizens (above 80 years), the basic exemption limit is Rs 5 lakh.
Posted On : 05-Feb-2023
Reference : ET Wealth
INCOME TAX SLAB 2023-24 LIVE UPDATES: Finance Minister Nirmala Sitharaman announced a slew of measures for taxpayers in Budget 2023. With a hike in the basic exemption limit and rebate and tweaks to the income tax slabs, Sitharaman has made the new income tax regime attractive for salaried individuals. Budget 2023 has also introduced standard deductions in the new tax regime.
Posted On : 05-Feb-2023
Reference : ET Wealth
Here is an analysis showing the maximum deductions a salaried individual needs to claim in the old tax regime so that the income tax payable remains the same under the revised new income tax slabs announced in Budget 2023.
Posted On : 31-Jan-2023
Reference : The Economic Times
According to police, 34-year-old Sajila, a relationship manager attached to IDBI bank, Mission Road branch in Bengaluru is the arrested person. The police have recovered Rs 23 lakh worth LIC bond and the computer used to commit the crime. The accused has been taken into police custody for further investigation
Posted On : 31-Jan-2023
Reference : ET Wealth
HSBC informed its customers via email that it will levy processing fees on rent payments made using credit cards effective 25 January 2023.
Posted On : 20-Jan-2023
Reference : ET Wealth
Before retiring, you can also take money out of your EPF account for a variety of purposes. These include financing financial emergencies, a home purchase or construction, a child's wedding and education, and paying for these expenses.
Posted On : 12-Jan-2023
Reference : ET Wealth
Despite substantial rate hikes done within the last 9 months the likelihood of a further hike in interest rates cannot be ruled out completely yet. So, if investors book or start a long-term FD now, they may regret it later if the rates go up. On the other hand, if they wait longer for the rates to peak — which might not happen — they risk losing out on the current high rate.
Posted On : 08-Jan-2023
Reference : Money Control
The RBI said customers can use registered email IDs, registered mobile numbers, ATMs, digital channels (such as online banking/internet banking, mobile application), letters, etc. to do re-KYC, without the need for a visit to the bank branch.
Posted On : 08-Jan-2023
Reference : Mid Day
The advisory which was issued by Vishal Thakur, DCP, Operations, Mumbai Police said, It is necessary that some check should be put on Landlords/tenants so terrorist/anti-social elements in the guise of tenants may not cause subversive activities, riots, affray, etc. and that immediate action is necessary for the prevention of the same.
