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How to become rich in 2025: Mutual funds provide a diversified investment approach, managed by professionals, helping investors achieve financial goals. Experts recommend a 7-year investment horizon and suggest various large-cap, mid-cap, and small-cap mutual funds for wealth accumulation from mint - money

Income tax rule: The 2024 Union Budget reformed India's income tax system, introducing new tax slabs and increased standard deductions. These revisions will influence the deductions and exemptions taxpayers can claim when filing their income tax returns(ITR) in July 2025 from mint - money

We’re about to enter the second half of a crucial decade for action. Money hasn’t often flowed to the biggest problems, but I see reasons to be encouraged.  from mint - money

The personal finance summary of 2024, with a touch of help in movie quotes. from mint - money

Some factors that don’t affect your credit score include checking your credit score regularly, soft inquiries, cheque stop payment, payments with debit cards, getting married, demographics, etc. from mint - money

While the US tax system allows deductions like depreciation, these are not valid for Indian tax purposes. The income must be taxed in India based on gross rental income with limited deductions. from mint - money

New year is often the time to make resolutions for a healthier and fitter lifestyle. But staying fit can be expensive. from mint - money

As we approach 2025, significant changes in personal finance await. From revamped visa regulations to new fixed deposit rules and credit card benefits, it's crucial to align your financial strategies for the year ahead. Stay informed to maximize your benefits and avoid potential pitfalls. from mint - money

Thematic and sectoral funds attract investors with potential high returns but come with high risks, as evidenced by nearly half trading below the issue price. from mint - money

Filing ITR: Typically, verification must be done within 30 days. Now since 30 days have elapsed from the time of submission of ITR data, the date of verification will be considered as the date of filing. from mint - money

Best Mutual Funds: Besides absolute returns, investors are also recommended to gauge other factors such as the scheme’s rolling returns, reputation of fund house, category it belongs to and other macro-economic factors. from mint - money

How to become rich: To build wealth by 2025, individuals should adopt smart financial habits, including the 50-30-20 budgeting rule, tracking expenses, and investing wisely from mint - money

On February 1, 2025, Finance Minister Nirmala Sitharaman may announce income tax relief for middle-class taxpayers in the Union Budget. from mint - money

Interest-free personal loans can seem appealing for urgent expenses, but it's crucial to read the fine print. While some lenders may offer genuine assistance, others may impose hidden costs, making these loans less beneficial than they appear. from mint - money

The proportionate share of equity-oriented schemes was 59.7 per cent of the industry assets in November 2024, up from 54.9 per cent a year ago. Conversely, the proportionate share of debt-oriented schemes dropped from 18.5 per cent to 14.8 per cent in one year. from mint - money

Buying a home requires careful planning and investment. Key home loan terms include principal amount, interest rates, EMI, loan tenure, processing fees, and LTV ratio. Understanding these aspects helps borrowers make informed decisions and manage their finances effectively. from mint - money

In corporate insurance, the insurer will only cover up to the capped room rent amount, including room rent-linked other expenses. Your base policy, which has no room rent cap, can cover the remaining room charges and associated costs not covered by the corporate policy. from mint - money

The recent hike in GST on used cars from 12% to 18% has stirred discussions about its implications for buyers and dealers. Will this increase lead to higher prices, and how will it impact the thriving used car market? Dive into the details to find out. from mint - money

GST on popcorn: Amid frequent discussions around tax treatment on different products of popcorn, here is a detailed analysis of how much tax you will have to pay while purchasing the item in movie theatres. from mint - money

The 18 per cent GST would not be applicable if an individual sells old and used car to another individual. If a GST registered person has claimed depreciation, the tax is payable only on the value representing the margin. from mint - money

By adopting a well-informed and balanced strategy, retail investors can navigate this challenging phase and position themselves for future gains. from mint - money

Personal loans from HDFC Bank offer quick cash for emergencies with interest rates starting from 10.85% to 24%. Factors affecting rates include credit score, loan tenure, and employment status. Loan amounts range from 50,000 to 40 Lakh with repayment periods of 3 to 72 months. from mint - money

New Year resolutions: Experts advise avoiding common mistakes such as selecting low-premium plans, overlooking policy exclusions, and not checking the insurer's claim settlement ratio to ensure comprehensive coverage and financial protection. from mint - money

Adopt a proactive retirement planning strategy to secure your financial future. Combine SIPs with EPF and NPS for a diversified portfolio from mint - money

The Pradhan Mantri Fasal Bima Yojana provides financial support to farmers for crop losses due to natural disasters. Farmers can report losses online and receive compensation directly in their bank account from mint - money

Investors are keen on Donald Trump's presidency in 2025, anticipating a surge in US markets. Indian investors can explore mutual funds, ETFs, and sector-specific funds to capitalize on potential growth, while also diversifying their portfolios and managing risks effectively. from mint - money

In developed countries such as the US, the UK, Germany and Canada, tax concessions, vouchers, and credits are used effectively to promote the adoption of renewable energy and promote sustainable development. from mint - money

As per the Indian domestic tax provisions, your overseas PF account would be considered an unrecognized provident fund, and accordingly, the payments that you have received with respect to your employer’s contribution and any accrued interest thereon will become taxable in India from mint - money

Personal loans: Being eligible to raise personal loan should ideally not be interchanged with being able to afford. Here we deconstruct the difference between the two from mint - money

A rental agreement of 11-month or less need not be registered, unless state laws stipulate it. But an unregistered rental agreement poses some risks for both landlords and tenants. from mint - money

While the freelance lifestyle offers flexibility and independence, the hidden fees and deductions are often buried in fine print and are easy to overlook until they hit the pocket. from mint - money

Cybercrime tricks: Amid increasing cybercrimes, the State Bank of India has highlighted scams like false customs claims and digital arrests. Customers are urged to report suspicious calls and verify any unexpected financial requests to protect themselves. from mint - money

In a significant ruling, the Supreme Court has removed the 30% cap on credit card interest rates, enabling banks to impose higher charges. Experts warn that this could lead to a financial burden on consumers from mint - money

Section 89 allows relief for salaries over twelve months, but not for interest income. Taxpayers must include the entire interest amount in the current year's income and pay applicable taxes. Consistency in the chosen method of income reporting is essential from mint - money

In December 2024, banks like RBL Bank and Equitas revised fixed deposit rates, offering returns up to 9%. General citizens can earn between 3.5% and 8%, while senior citizens can receive rates up to 8.5% depending on the bank and tenure. from mint - money

Credit cards enhance shopping by offering deals and discounts, especially co-branded ones like Amazon Pay ICICI and Flipkart Axis. While they provide rewards, caution is needed to avoid overspending and potential debt. Evaluate your financial needs before applying for a co-branded credit card. from mint - money

CIBIL score: To secure a home loan, a minimum CIBIL score of 725 is needed, with scores above 750 preferred for better terms. Maintaining timely bill payments, monitoring credit reports, and managing debt are crucial for improving creditworthiness and loan approval chances. from mint - money

Instant loan apps simplify personal loan applications, making them faster and more accessible. Users can complete the process via an app but should be cautious about borrowing too much and verify lender credibility to protect their finances. from mint - money

Personal loan: Key mistakes to avoid when applying for an instant personal loan include overborrowing, rushing through the application, neglecting your credit score, overlooking fine print, and miscalculating monthly payments, which can lead to financial difficulties. from mint - money

Personal loan balance transfers allow borrowers to shift loans to lenders with lower interest rates, potentially reducing EMIs. It's crucial to evaluate costs, compare lenders, and meet eligibility criteria. This process can also enhance loan features, despite temporary impacts on credit scores. from mint - money

Credit Card: The Cashback SBI Card gives 5% cashback on online purchases. The Swiggy HDFC Bank Credit Card provides 10% cashback on Swiggy App purchases (food delivery, Instamart, Dineout, etc.). The HSBC Live+ Cashback Credit Card provides 10% cashback on groceries, food delivery, and dining. from mint - money

Credit cards are essential for modern lifestyles, especially for dining out. Options like the EazyDiner IndusInd Bank and HDFC Diners Club credit cards offer numerous rewards. It's crucial for users to evaluate their financial situation before obtaining a card to prevent overspending. from mint - money

Failure to disclose foreign income and assets leads to violation of Black Money and Imposition of Tax Act, 2015. The last date to file a revised return is Dec 31. from mint - money

Women-focused credit cards like HDFC Solitaire, Divaa from Union Bank, and Tiara by BOBCARD provide significant benefits on lifestyle spending. They include perks such as discount vouchers, complimentary memberships, and health services, enhancing the overall customer experience. from mint - money

You can get a personal loan with a low credit score by having a guarantor/co-applicant, taking a lower loan amount, maintaining a low DTI ratio, convincing the bank about loan repayment, etc. from mint - money

This scheme involves cybercriminals impersonating government officials to intimidate individuals into transferring money or disclosing sensitive information. The National Payments Corporation of India has provided detailed guidance on how to recognize and avoid falling victim to such scams. from mint - money

Personal loans are a fast option for urgent financial needs, requiring good credit and income for approval. Leading banks offer varying loan amounts and interest rates. Individuals with low salaries should consider their options carefully due to higher interest rates. from mint - money

Integrating the dynamic QR code feature of PAN 2.0 with the Aadhaar card and the RBI’s digital ‘e-Rupee’ can become a game changer in ensuring ‘paperless KYC’ and ‘wallet-less’ secure financial transactions. from mint - money

Credit Cards: Movie buffs can benefit from entertainment credit cards that provide rewards such as complimentary tickets and discounts. However, careful usage is crucial to maintain credit health and avoid potential debt issues. from mint - money

Personal Loan: Credit scores influence personal loan interest rates and approval. Ranging from 300 to 900, a score of 666 indicates a decent borrower status, though past defaults may hinder loan approval. Evaluating your financial needs is essential to secure the best loan terms available. from mint - money

Credit cards: For students studying abroad, managing finances is crucial. Student credit cards like HDFC Bank's and IDFC FIRST WOW provide essential benefits and facilitate spending in different currencies, though users must be cautious to manage their expenses responsibly. from mint - money

Experts often advise that the past returns are not the sole criteria which investors should examine. They should focus on other factors as well such as the category the scheme belongs to, macro-economic factors, reputation of fund house', among others from mint - money

Sebi’s proposal to allow retail investors in algo trading aims to democratize market access, offering tools previously reserved for institutions. With safeguards in place, the move could reshape retail participation in India’s capital markets. from mint - money

Personal loan: In order to procure personal loan on the basis of your income tax return (ITR), you should have a high credit score, good cash flow, returns of past few years indicating sufficiently high income from mint - money

These funds are fixed-income-oriented and can be part of your debt allocation, but are not pure debt funds. from mint - money

Where a person receives any movable property worth less than ₹50,000 from another for no consideration, it is taxable as ‘income from other sources’, with certain exceptions. However, this does not apply to property received from specified relatives. from mint - money

Taxpayers must pay the third advance tax instalment by December 15, 2024, to avoid penalties. Those with tax liabilities over ₹10,000 are required to pay in instalments, while senior citizens without business income are exempt. from mint - money

Advance tax is income tax paid in instalments rather than a lump sum. Taxpayers with liabilities over ₹10,000 must pay by deadlines to avoid penalties. from mint - money

In a chilling narrative, two sister missionaries confront Mr. Reed, who uses manipulation to challenge their beliefs. The film draws parallels to financial investments, encouraging critical thinking and caution against blindly following societal norms. from mint - money

Instant personal loans provide quick funds but have higher EMIs due to shorter terms. An EMI calculator is essential for accurate repayment planning, allowing users to compare loans, manage budgets, and avoid defaults while considering the potential risks of high-interest rates. from mint - money

Personal loans provide quick funds but require good credit scores. Low scores can lead to high interest and short repayment terms. To improve chances, consider secured loans, prove stable income, or apply with a guarantor, but evaluate affordability before borrowing. from mint - money

Personal loans are useful for urgent funds without collateral. Eligibility is influenced by factors like credit utilisation ratio, which reflects credit usage against limits. Maintaining a low ratio, can enhance credit scores and improve loan terms. from mint - money

A seller has executed a sale deed for a flat and is receiving part payment. Long-term capital gains are ₹70 lakh. They inquire about investing in capital gain bonds for tax exemption and the timeline for making such investments from mint - money

Advance tax payment: The deadline to pay your advance tax is fast approaching on December 15. So, what happens if you fail to pay tax by deadline? You could be liable for penalties and interest for delay. Here is a step-by-step guide on how to complete your advance tax payment. from mint - money

Certain credit cards in India offer lounge access, enhancing travel comfort. Popular choices include Axis Atlas and IndusInd Bank Avios. Nonetheless, potential risks like overspending and high interest rates should be considered before applying for these cards. from mint - money

Regulatory caps on international mutual funds limit options for Indian investors. Some funds remain available, but there are challenges that complicate direct overseas investments, leaving investors in a tough position. from mint - money

Taxpayers must be cautious with cash transactions over ₹2 lakh, per Section 269ST of the Income Tax Act. Violating this limit can lead to penalties or legal consequences from mint - money

Fund houses that focus not just on growth but quality and duration of growth, the total addressable market, and the moat and self-sufficiency of the business have outperformed value and momentum stocks, especially over long periods. from mint - money

PNB advises Sovereign Gold Bond and RBI Bond investors to confirm bank account information promptly to avoid delays in payments from mint - money

Financial success depends not just on what the markets do, but on the discipline and decisions an investor brings to the table. from mint - money

Even as the assets under management in sustainable investing has touched new highs, the pace of growth has moderated. And in the US, the concept has become deeply politicised. from mint - money

The Banking Laws (Amendment) Bill, 2024, allows bank account holders to have up to four nominees. from mint - money

Tax must be deducted at the rate of 30% (plus applicable surcharge and cess) on the rent payable to an NRI landlord. from mint - money

The nature of tax treatment depends on the type of income generated through margin trading facility transactions. from mint - money

Allu’s portrayal of writer, director Sukumar’s Pushpa: The Rule - but do sales of over a million tickets, showing violent killing of bad guys, glorifying smuggling by showing cops in a bad light, making rampant misogyny heroic, make a good film or is it just a good way of learning money lessons? from mint - money

Personal loan: Raising a personal loan from a bank is one of the most feasible things to do. Banks offer loan at a low rate of interest but require borrowers to have a good credit score say above 700 from mint - money

Personal Loan: Using an EMI calculator is essential for personal loan planning. It provides accurate monthly payment estimates, helping borrowers avoid over-borrowing and manual calculation errors. This tool aids in maintaining a good credit score and facilitates wise borrowing decisions. from mint - money

Personal loans: A personal loan is an unsecured borrowing option for immediate funds, typically requiring less documentation. Key features to consider include disbursal time, interest rates, repayment flexibility, and possible tax benefits based on usage, ensuring alignment with financial goals. from mint - money

Credit cards: Axis Bank is making some changes to its credit cards from 20th Dec. These include an increase in interest charges, a fee for payment failure, a cash payment fee, DCC, etc. There will be a 1% reward redemption fee and a 1% surcharge on specified transactions beyond a specified limit. from mint - money

Credit cards: In co-branded credit cards, a bank joins hands with a brand to create a card tailored to the brand's customers. The cardholder then starts earning points, miles, or cashback when they buy from the partner brand. from mint - money

Canara Bank has updated its fixed deposit interest rates for amounts below ₹3 crore, effective December 1, 2024, offering rates from 4% to 7.40% for the general public and 4% to 7.90% for senior citizens on callable deposits. from mint - money

Personal loans: It offer financial flexibility but carry risks like high interest rates and potential debt accumulation. Responsible borrowing, careful comparison of offers, and understanding terms are essential to maintain financial stability. from mint - money

Personal loans: Base rate and MCLR are key in borrowing decisions. The base rate is static, while MCLR fluctuates with the economy. MCLR often results in lower costs for borrowers, aligning better with market conditions and promoting inclusive economic growth. from mint - money

FD interest rates: Thanks to the higher interest rates offered by banks, depositors have raised their investment in term deposits by ₹46,728 in the past 1 year. Share of fixed deposits in total deposits rose to 61.4% in Sep 2024 from 59.8% a year ago, revealed data released by SBI Research. from mint - money

Personal loan: To expedite personal loan repayment, consider prepaying partially, paying an extra EMI annually, and prioritizing high-interest loans. While personal loans can be beneficial, responsible usage and budgeting are essential to avoid financial distress and high interest costs. from mint - money

Credit score: Ranging from 300 to 900, indicate creditworthiness, while credit reports detail a person's credit history. Both play significant roles in securing loans and credit cards, and understanding their differences is essential for effective financial management and improving credit standing. from mint - money

Personal Loan: Steps for choosing the right personal loan include selecting the right loan amount, comparing interest rates and fees, choosing an appropriate repayment schedule, and checking lender reviews. from mint - money

Fixed deposits are popular for their guaranteed returns and low risk. Bank FDs are safer and insured, while corporate FDs offer higher returns but with more risk. Careful evaluation is essential for investors to align their choices with financial goals. from mint - money

Year-end is a crucial time to assess your finances. Use this period to rebalance investments, plan taxes, manage debts, and take advantage of bonuses. Ensure your insurance is updated, and maintain an emergency fund for a secure financial future in 2025. from mint - money

Credit cards: To prevent credit card debt, maintain self-discipline and create a budget. Save for emergencies, pay more than the minimum due, and adopt good spending habits. Responsible credit card use can provide rewards and improve credit scores, while misuse can lead to financial stress. from mint - money

Best Mutual Funds: These 5 balanced advantage funds including Baroda BNP Paribas Balanced Advantage Fund and Edelweiss Balanced Advantage Fund have managed to beat the benchmark index in the past five years from mint - money

EPFO's Central Board of Trustees (CBT) took several key decisions which include paying interest to subscribers till the date of settlement unlike earlier when it used to be paid till the end of the previous month from mint - money