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There are some old disputed tax demands — some of them dating back to 1962 — causing anxiety to the honest tax payers. Which is why, Finance Minister proposed to withdraw outstanding direct tax demands of upto ₹25,000 to 2009-10 from mint - money

No changes in income tax slab rates in the Interim Budget 2024 disappoint the salaried class from mint - money

As the Interim Union Budget looms on the horizon, investors are keenly anticipating updates regarding capital gains taxes—a critical area of interest. They are eager to discern if FM Sitharaman will make further modifications to these taxes. Let's see what experts expect. from mint - money

The Rajasthan government has set a deadline of January 31, 2024, for farmers and beneficiaries of the PM-KISAN scheme to complete their e-KYC process. from mint - money

Life insurance is an important component of financial planning in India, offering protection and security for loved ones. When selecting a provider, individuals should prioritize those with high claim settlement ratios and swift turnaround times. from mint - money

Pension from each establishment has to be worked out at the date of exit on actual basis. This means pension from all establishments will be aggregated provided that aggregate will not exceed the wage ceiling. And if it exceeds wage ceiling, the excess salary will be diverted to the PF account from mint - money

From 1 February, users can transfer money through IMPS using just the receiver's mobile number and bank account name, without adding a beneficiary or IFSC code from mint - money

While it’s not possible to directly raise your compulsory EPF contribution beyond the stipulated 12% (divided equally between the employee and employer), the voluntary provident fund offers an excellent opportunity to enhance your savings and take advantage of the higher EPF interest rate. from mint - money

A credit card serves as an excellent and widely used financial instrument, providing the cardholder with a temporary line of credit and boosting purchasing capabilities. Nevertheless, misrepresentation and improper use of credit cards can lead to irreversible financial setbacks. from mint - money

New NPS partial withdrawal rule: The Pension Fund Regulatory and Development Authority allows subscribers to make partial withdrawals from their accumulated pension wealth in the National Pension System for specific purposes from mint - money

Starting from 1 February, users can transfer money through IMPS by just adding the receiver's mobile number and bank account name, eliminating the need to add a beneficiary or IFSC code from mint - money

It is unlikely that the government would propose any increase in exemption limit under section 80C would be considered under the old tax regime. from mint - money

Their returns have varied across different time-periods due to changes in market dynamics and other reasons from mint - money

Any gain or loss arising from sale of such inherited property, shall be chargeable to tax as ‘capital gain/ loss’ in your hands in the year of sale. from mint - money

The finance minister has already said that being a ‘vote on account’, there will not be any ‘spectacular budget announcements’ on 1 February. from mint - money

There is an inherent aspect of efficiency in markets. Bruce C Greenwald emphasizes that basic mathematical processes are insufficient for identifying promising stocks. Therefore, investors must possess advanced tools and technology for effectively valuing stocks. from mint - money

Personal finance involves budgeting, saving, investing, and making informed decisions about income and expenses. It includes creating a budget, establishing an emergency fund, managing debt, and understanding insurance and retirement planning. from mint - money

A comprehensive financial plan necessitates effective tax-saving strategies. If you find yourself bewildered by the array of tax-saving investment options, turning to insurance can serve the dual purpose of securing your financial future and obtaining tax savings. from mint - money

Fighter, released on India's Republic Day, is a patriotic film that follows the story of avenging events in Pulwama with Hrithik Roshan and Deepika Padukone as Air Force pilots fighting against the enemies. But what are the personal finance learnings from this film? We list 4. from mint - money

By implementing the money lessons from Republic Day 2024, individuals can achieve financial independence and contribute to a prosperous future. from mint - money

As of December 2023, there were 97.9 million outstanding credit cards, with a record 1.9 million additions during the month alone, the latest Reserve Bank of India (RBI) data revealed. from mint - money

The thriving fintech and digital lending industry in India, encompassing the gold loan sector, delivers innovative and accessible credit solutions to millions in rural and underserved areas through digital platforms and technologies. Let's delve into what these sectors anticipate from Budget 2024. from mint - money

On Republic Day, millennials are urged to focus on achieving financial independence in the digital era by leveraging online resources and tools for education, debt management, and investment. from mint - money

Mohnish Pabrai, the founder and managing partner of Pabrai Investment Funds, is a prominent figure in value investing. His distinctive approach, focusing on undervalued companies with hidden potential, has earned him recognition in the financial community. from mint - money

If you travel to foreign countries often, your priority will be securing the local currency, which is where travel cards come into use. They provide an easy, convenient, and secure method for overseas transactions, making them an ideal choice for international travel. from mint - money

In fiscal 2023, there were 1,062 complaints against such lending apps. Google removed 134 fake loan apps from its Play Store in a week in September 2023 after series of complaints made against them. A dozen of those loan apps had one lakh downloads and 14 had over 50,000 downloads. from mint - money

Kotak Securities introduces Trade Free Pro plan, catering to equity traders and offering Pay Later (Margin Trading Facility) at a competitive rate of only 9.75% per annum. from mint - money

Canara HSBC Life Insurance introduces iSelect Guaranteed Future Plus, an individual savings life insurance plan that is non-linked and non-participating. from mint - money

Taxpayers hope for increase in exemption limit, standard deduction, and housing loan benefits in Budget 2024 from mint - money

National Girl Child Day 2024: Equity Mutual funds (MFs) and Sukanya Samriddhi Yojana (SSY), both the products, serve a different purpose from mint - money

Individual taxpayers have certain wishes for the upcoming Union Budget 2024, including raising the deduction limit under Section 80 CCommon man's wishlist for Finance Minister in Union Budget 2024 from mint - money

The Interim Budget 2024 is expected to focus on several key sectors, including social welfare, agriculture, infrastructure, education, and healthcare. The budget may hint at long-term policy initiatives that the new government could pursue after the elections. from mint - money

As we approach the 2024 budget, speculation is rife about possible changes to the tax slabs to provide relief to the common taxpayer. from mint - money

If a taxpayer happened to miss the December 31 deadline of filing income tax return (ITR), they can request for the condonation of delay on the e-filing portal to avoid the imposition of penalty. from mint - money

The philosophy of momentum investing encourages investors to invest more when prices are rising and sell them when they have peaked. from mint - money

Donations made to the Shri Ram Janmabhoomi Teerth Kshetra are eligible for deduction under Section 80G of Income Tax Act, 1961 from mint - money

Balasubramanian speaks about industry regulations, centralised databases, and the rural market for insurance. from mint - money

In accordance with the provisions of Section 80D of the ITA, expenses incurred for hip replacement may be claimed as medical expenses, provided they are not covered under the group insurance provided by your employer from mint - money

Deductibles, copays and room rent limits are a few key components of health plans from mint - money

The insurance industry is trying to design a combined product bouquet being offered to rural India from mint - money

Stanley Druckenmiller's reputation is built on meticulous research, thorough analysis of market trends, and an unwavering belief in his findings, providing a valuable example for new-age investors to emulate or learn from. from mint - money

People outside India know Atal Bihari Vajpayee as the man who gave us our nuclear nation status, a leader who stood for peace and yet gave us a win in the Kargil war… And yes, he is also known for reading out his poems at the parliament. from mint - money

The challenges inherent in online trading and investment can wield a significant influence on mental health, unleashing a spectrum of emotions from exhilaration to anxiety. from mint - money

Budget 2024 : In an interview with MintGenie, Thakkar said that in GST, there could be some rationalisation of rates because many basic necessity items are taxed at a higher band. from mint - money

Budget 2024: Experts suggest increasing the limit of NPS for both tax regimes to make it more attractive from mint - money

The Nifty Healthcare index is a sectoral index on the NSE that captures the behavior and performance of healthcare companies in the Indian economy on a real-time basis. from mint - money

Deepashree Shetty, Partner, Tax & Regulatory Services, BDO India, shares her views on expectations from the interim Budget 2024 such as raising standard deduction limit to ₹65,000, allowing NRIs to get their income tax return verification done on their overseas mobile numbers and more. from mint - money

Initiate your investment journey in 2024 by targeting a 20% savings rate, maintaining a debt-to-income ratio below 30%, calculating your solvency ratio and striving to reach a value of 1 to enhance your financial standing. from mint - money

The Budget will be announced on February 1, 2024. Since the general elections will be held in May, this will be the Interim Budget and a new Budget will be presented in July. from mint - money

In its last circular, the RBI made its stand clear that the intent of levying penal charges is to inculcate a sense of credit discipline and such charges are not meant to be used as a revenue enhancement tool over and above the contracted rate of interest. from mint - money

The growing proportion of women making independent financial decisions is impacting the traditional financial landscape. Financial independence among women can be further promoted by financial literacy, societal support, and an environment that encourages women’s involvement in decision-making from mint - money

The NPS offers a valuable opportunity for professionals to build a substantial retirement fund and ensure a steady income during retirement. It presents an efficient means to invest systematically and amass wealth over the long term. from mint - money

On redemption of shares and equity-oriented mutual funds, long term capital gains tax is levied at 10 percent when they are sold after holding for over 12 months, and total gains amount to over ₹one lakh in a year. from mint - money

Succession may be broadly bifurcated into intestate succession and testamentary succession. from mint - money

A complex documentation process for opening demat accounts is hindering their participation from mint - money

Homeowners face the decision of whether to prepay their loans or prioritize investments as home loan rates come under scrutiny with potential fluctuations in 2024. from mint - money

While market fluctuations can be intimidating, they also present opportunities for strategic investing. Here are some tips to help new investors successfully navigate market volatility using a demat account. from mint - money

The initial report of the DBS Bank India-CRISIL survey, one of three releases, indicates that concerning investments, the majority of women in urban areas typically gravitate towards conservative choices such as fixed deposits and savings accounts. from mint - money

While only about 4% of the working-age population make more than $10,000 a year, their size has grown at a phenomenal pace in the last four years, a new Goldman Sachs report says. from mint - money

Ashish Gupta, CIO, Axis Mutual Fund, says stronger economic growth prospects and an improved earnings outlook are expected to augur well for equities in 2024. from mint - money

Creating a workable repayment plan is crucial for achieving financial stability and managing credit card debt and personal loans. from mint - money

While bitcoin has often outperformed traditional options like equities, gold, and fixed income, a key risk in cryptocurrency investments is the absence of a redressal mechanism from mint - money

Merry Christmas: How does a thriller teach us lessons about our money? Take a look. from mint - money

In the dynamic landscape of Indian investments in 2024, adherence to these dos and don'ts can serve as a compass for new investors. Stay informed, be disciplined, and align your investment strategy with your unique financial goals. from mint - money

Let's demystify the complexities and break down the key jargon associated with demat accounts for a more accessible understanding. from mint - money

Sustainable investments extend beyond traditional boundaries. These include green bonds for environmental projects, renewable energy for a cleaner future, 'Make in India' for domestic manufacturing, and EV infrastructure development. from mint - money

Financial planning and asset allocation are important for investors. Use this opportunity to streamline your financial freedom journey with these 12 financial planning rules. from mint - money

The deduction available under Section 80D may be enhanced to ₹75,000/- from the existing ₹25,000/- to promote health insurance, given rising health care costs. from mint - money

PNB raised the interest rate from 6.25 percent to 7.05 percent on deposits of 300 days with effect from Jan 8, 2024. We showcase the latest FD rates of major banks here. from mint - money

He talks about the expectations from interim Budget, sectors that are expected to do well, why this is the right time to invest in large cap funds and IT stocks, future of debt securities, apart from his views on cryptocurrencies as an asset class from mint - money

Gain insights for your 2024 investment journey by seeking advice from iconic investors such as Warren Buffett. Equip yourself with financial terminology and its strategic application to guide and shape your investment path. from mint - money

The W.I.N. Strategy requires a minimum investment of ₹50 lakhs, indicating a recommended tenure or investment horizon of three to five years. It provides a reliable income stream tailored for affluent families and professionals, supporting their high-profile lifestyles. from mint - money

Investors should remain optimistically cautious about inflation and yield movements rather than adopting a pessimistic stance. from mint - money

The process of opening a PPF account, whether done online or offline, is straightforward and can be completed through simple steps. from mint - money

The one-year equity returns on NPS tier-I account delivered by different pension fund managers range between 24 to 28 percent per annum. The highest returns on equity investment were given by ICICI Prudential Pension from mint - money

Edelweiss Financial Services releases NCDs featuring an effective yield of up to 10.46% per annum, available exclusively in dematerialized form. Allotment, in coordination with BSE, will be based on the date of each application uploaded into the electronic book of BSE. from mint - money

IndusInd Bank’s “Samman RuPay Credit Card” seamlessly integrates UPI flexibility with exclusive benefits for an enhanced banking experience. from mint - money

Before choosing a fixed deposit, it's important to compare the interest rates on offer. from mint - money

Finding affordable life insurance coverage tailored to your needs is a crucial aspect of financial planning. Explore various options and leverage specialized providers to secure coverage in your high-risk profession at a lower cost. from mint - money

It is very difficult to time the markets and although the markets are due for a correction, it would not be wise to wait further. from mint - money

Much like strategizing for a birdie, successful investment planning requires a clear, long-term vision. from mint - money

Investors can anticipate an intriguing year in 2024, marked by the intricate interplay of economic factors shaping market dynamics. Although forecasting the future is inherently uncertain, examining significant trends and potential strategies that can help navigate the investment landscape can help. from mint - money

There are two key reasons of locking your savings at the current interest rate. One, the interest rates have reached the peak as a result of the RBI’s monetary policy. Second, these rates may see a decline towards the end of this calendar year. from mint - money

Currently the employer’s contribution towards NPS is exempt up to 10 percent of salary whereas in case of provident fund, it is 12 percent. from mint - money

Here are some of the lowest personal loan interest rates offered by various banks from mint - money

Health insurance can be seen as either a dependable resource or a complex process during unexpected health challenges. Lack of understanding of health insurance concepts contributes to negative perceptions of insurance and insurers. from mint - money

Since 2019, tech start-ups have collectively raised $70 billion in funding, states Nasscom-Zinnov Report 2023. Around 60% of start-up founders reported an increase in revenue and profitability last year from mint - money

The year of sequels is here in both Bollywood and Hollywood, offering a mix of beloved franchises and new storytelling. As a savvy investor, it's important to explore new financial opportunities and expand your horizons in terms of content and investments. from mint - money

Terry Smith, often referred to as Britain’s Warren Buffett, is a celebrated investor recognized for his enduring and sustainable investment strategy. His investment principles offer insights into how investors should navigate market volatility. from mint - money

The rule of 25 serves as an excellent introductory tool for approximating your retirement fund. It offers a simple formula that prompts you to consider how much you might need to save, making it a valuable step in the early phases of retirement planning. from mint - money

ETFs amalgamate characteristics of both mutual funds and stocks, rendering them a distinctive and widely favoured investment choice. Nevertheless, investing in these funds comes with both advantages and constraints. from mint - money

Gold stands as an established asset class, demonstrating its ability to safeguard its value during periods of economic distress and market uncertainty. from mint - money

Income tax 2024 proof submission: Employees should declare investment proofs from January onwards. Personal finance experts provide tips for smooth processing and avoiding notices. from mint - money

18% of respondents plan to indulge in luxury items for Christmas and New Year's Eve shopping, while 79% choose more economical choices; 14% engage in specific financial planning activities for the New Year, while 84% do not participate. from mint - money

The first gold bond of 2024, SGB Series 2023-24 Series IV, will open for subscription from February 12 to 16, 2024, with issuance on February 21, 2024 from mint - money

According to the Global Findex 2021 report by the World Bank, there has been a significant surge, indicating that 75.4% of adult women in India had accounts with financial institutions in 2021, marking a substantial 38.3% increase since 2014. from mint - money

Calendar year 2023 has seen some record numbers in car sales which have crossed 4 million units for the first time in history. While we have made record spends on luxury in the year, we cannot afford ditching savings for a secured future. from mint - money

These are the six key investing tips Warren Buffett has given investors through his famous letters to shareholders. Let us start the New Year on a positive note by imbibing these learnings from mint - money

Insurance can be a strategic tool for tax optimization, offering financial safety net and potential tax-saving benefits. from mint - money

A savings/ current account will be treated as inoperative if there are no customer induced transactions in the account for a period of over two years, reads the RBI notification. from mint - money

Bank of India introduces Super Special Fixed Deposit with an attractive interest rate of 7.50% p.a. for deposits between ₹2 Crores and below Rs. 50 Crores for a specific maturity period of 175 days. from mint - money

The dawn of 2024 presents an opportunity to make impactful changes for a healthier and wealthier lifestyle. Here are five small lifestyle changes that can positively impact an individual's physical well-being and financial stature. from mint - money

Investing in mutual funds through SIPs has become a successful strategy for long-term wealth creation in India. SIPs allow investors to systematically accumulate wealth by investing a certain amount at frequent intervals, harnessing the power of compounding and rupee-cost averaging. from mint - money

The Axis Bank My Zone Credit Card is a great choice for millennials and first-time cardholders who enjoy movies and dining. It offers services like a complimentary SonyLiv subscription, movie and dining offers, access to domestic airport lounges, and more. from mint - money