Personal Finance

40-day productivity-linked bonus approved for civilian defence employees for FY 2023-24. Check who is eligible | Mint

TheSpuzz Desk2 months ago03 mins

Source: Live Mint The Ministry of Defence, in a notable announcement, has confirmed that eligible civilian defence employees serving in the Army Ordnance Corps (AOC) and Indian Army will receive a 40-day productivity-linked bonus (PLB) for the financial year 2023-24. This decision, backed by presidential sanction, reflects the government’s recognition of the significant contributions made…

Should you fund your child’s foreign education with savings, a loan, or both?

TheSpuzz Desk2 months ago06 mins

Source: Live Mint With high school approaching, I want him to explore the world and its opportunities, so he can make informed decisions about his educational path. Like any parent, this is a top priority for me too, knowing that these choices will shape not only his academic journey but also his future. I am…

Bitcoin rally profits? Don’t overlook advance tax and reporting obligations

TheSpuzz Desk2 months ago07 mins

Source: Live Mint In 2022, the Indian government introduced a flat 30% income tax on gains from cryptocurrencies and Non-Fungible Tokens (NFTs). Investors riding the current rally should be aware of their advance tax and reporting obligations to avoid penalties under the Income Tax (IT) Act. With a 1% TDS deducted on sales of these…

How NRIs can invest in Indian mutual funds

TheSpuzz Desk2 months ago09 mins

Source: Live Mint Unlike direct investment in stocks, which involves cumbersome account setups, regulatory complexities, and high costs for Portfolio Investment Scheme (PIS) or Non-PIS demat accounts, mutual funds offer a streamlined and cost-effective alternative. Mutual funds also allow a person to spread risk across market caps, sectors and asset classes, providing NRIs with professionally…

ITR filing: Deadline to file tax returns for corporates, some taxpayers is November 15; Check penalty and other details | Mint

TheSpuzz Desk2 months ago04 mins

Source: Live Mint The deadline to file income tax returns (ITR) by corporates and individuals requiring audit for the financial year 2024-25 is November 15, 2024. The deadline was set for October 31, 2024, initially, but was extended to November 15. Any further extension to this deadline is unlikely. This income tax return submission is…

Building financial resilience: Why passive income matters for MSMEs

TheSpuzz Desk2 months ago010 mins

Source: Live Mint Passive income is both a dependable financial safety net and a catalyst for future expansion. However, the first critical step is to maintain a clear boundary between personal and business finances—this foundational strategy enables sustainable growth and effective financial management. Also Read: Thank digital tools for small businesses going formal on their…

Children’s Day 2024: Top investment options to secure your child’s future – PPF, Bank FD, MF, SIP, NPS and more | Mint

TheSpuzz Desk2 months ago06 mins

Source: Live Mint Children’s Day 2024 celebrates the innocence and potential of every child. For parents, the occasion can be an opportunity to rethink their future planning for their kids. Sound planning requires well-calibrated and smart investments in options like mutual funds, fixed deposits and other schemes. Multiple government schemes have been launched for parents…

Credit Card Security Chips: How do they protect against fraudulent transactions? | Mint

TheSpuzz Desk2 months ago05 mins

Source: Live Mint With the shift towards digital payments, the credit card landscape has evolved, too. Along with the rapid changes in the credit card space, there is a need for enhanced security measures. The EMV chip technology or credit card security chips is one such measure. What is EMV chip technology? Europay, Mastercard, and…

Credit Cards: How to manage multiple cards without hurting your credit score? Here are 11 key strategies | Mint

TheSpuzz Desk2 months ago09 mins

Source: Live Mint Many people buy credit cards to earn rewards and cash back and benefit from the same. Undoubtedly, they are a great choice for people who can manage them. However, a lot of people struggle with missed deadlines and managing multiple cards at once seamlessly. Credit cards can be managed easily with the…

Best ETFs in India: Top 7 gold Exchange-Traded Funds to consider for long-term investment. See full list here | Mint

TheSpuzz Desk2 months ago03 mins

Source: Live Mint Gold Exchange-Traded Funds (ETFs) are attracting attention from investors as global uncertainties, geopolitical tensions, inflationary pressures, and market fluctuations drive interest in the yellow metal. Along with gold mutual funds and bonds, ETFs are a smart option for investing in gold. Among these options, gold ETFs have witnessed a surge in demand…

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40-day productivity-linked bonus approved for civilian defence employees for FY 2023-24. Check who is eligible | Mint

Should you fund your child’s foreign education with savings, a loan, or both?

Bitcoin rally profits? Don’t overlook advance tax and reporting obligations

How NRIs can invest in Indian mutual funds

ITR filing: Deadline to file tax returns for corporates, some taxpayers is November 15; Check penalty and other details | Mint

Building financial resilience: Why passive income matters for MSMEs

Children’s Day 2024: Top investment options to secure your child’s future – PPF, Bank FD, MF, SIP, NPS and more | Mint

Credit Card Security Chips: How do they protect against fraudulent transactions? | Mint

Credit Cards: How to manage multiple cards without hurting your credit score? Here are 11 key strategies | Mint

Best ETFs in India: Top 7 gold Exchange-Traded Funds to consider for long-term investment. See full list here | Mint