Fri, Dec 08, 2023
How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.
Thu, Dec 07, 2023
Wed, Dec 06, 2023
Sat, Sep 16, 2023
There are quite a few options available for private sector employees to ensure that they have a secure financial future even after retirement.
Tax-saving Fixed Deposits are your saviour if you want to earn guaranteed returns and save taxes as well. These FDs have a higher lock-in period compared to short-term fixed deposits.
If you have just five years left before retirement, it's crucial to make sure you invest enough to build the required retirement corpus. You may need to increase the investment amount and strategically choose high yielding investment options.
Fri, Sep 15, 2023
Not using a credit card doesn't deter you from getting a good CIBIL score. In such cases, taking a loan or maintaining a report of timely rental payments could help in maintaining a good credit score.
The amount you need to retire is not a one-size-fits-all figure. It depends on various factors, including your lifestyle goals, anticipated sources of retirement income, and the impact of inflation.
Retirement is an inevitable phase of one's life and nowadays, many youngsters consider early retirement as a gateway to get freedom of doing what they love. However, retiring early could bring a host of problems, including financial uncertainties.
CIBIL score is a three-digit number that indicates your credit history and a summary of how you made repayments for past loans, if any. Your credit score can still be affected if you haven't taken a loan or used a credit card.
The Income Tax Department has streamlined the process for obtaining a duplicate PAN card. You can apply for a duplicate PAN, both online and offline, by following a few simple steps.
Thu, Sep 14, 2023
New TCS rates could add a significant tax burden on you if you decide to spend more than the specified threshold. The increased rates of 20 per cent TCS will not be applicable for remittances up to Rs 7 lakh in a financial year.
How to curb overspending: Recognizing the psychology behind overspending and implementing effective techniques is the first step towards regaining control of finances, which ultimately paves the way to a more secure future.
Personal loans and overdraft facilities are among the two common loan options that borrowers can opt for in case of quick financial need.
Reading your bank statement could provide you with several benefits, including keeping a check on your unnecessary expenses. A bank statement can also be used to identify any discrepancy in bank records.
Overdraft facilities can be a life-saver in case of emergency need of funds. The sanctioned amount is generally much lesser compared to loans, but the instant accessibility feature of the credit facility could be useful for many.
UPI services provide utmost convenience while transferring funds as it helps in depositing money within no time. It also doesn't require detailed information, such as the account number or IFSC code of the recipient.
There are several ways to reduce the tax implication when you are selling your residential property. From tax loss harvesting to indexation to investing in new property, knowing about these methods can help you plan your finances better.
When an inherited property is sold, the ensuing capital gains may attract tax and the owner of the inherited property is liable to pay the tax at the applicable rate. Once the property remains in possession for more than three years from the date of acquisition, long-term capital gains tax will be applicable.
Wed, Sep 13, 2023
Investors can choose mutual funds across equity, debt, gold or all three categories to maintain a healthy investment portfolio for their retirement years.
Retirement planning should include different savings instruments that offer tax benefits. There are a number of retirement and pension plans like life insurance and annuity plans, which are eligible for tax deductions.
Investments in both ELSS mutual funds and PPF are eligible for tax deductions. While ELSS investments are linked to market risks, PPF offers secured returns.
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