The FinTech Hub
Source: Live Mint Union Labour Minister Mansukh Mandaviya said on Tuesday that subscribers of the Employees’ Provident Fund Organisation (EPFO), the government-run retirement savings manager, can now withdraw up to ₹1 lakh at once from their accounts for personal financial needs, an increase from the previous limit of ₹50,000, according to report by Hindustan Times….
Source: Live Mint Credit cards are quite useful in managing your financial requirements. For individuals with a stable but fixed income, especially the salaried, credit cards are a handy tool as it allows you to meet expenses without spending your earnings immediately. The credit free period of 18-55 days offered by most issuers, which come…
Source: Live Mint In this world nothing can be said to be certain except for death & taxes. – Benjamin Franklin. Effective tax planning allows salaried employees to optimise their post-tax earnings. A crucial aspect of tax planning for middle class salaried employees is leveraging deductions and exemptions within legal guidelines, defer taxes and take…
Source: Live Mint “This tax is as high as 35%, the same as what people earning above ₹1 crore pay,” said Harsh Roongta, founder of Fee Only Investment Advisers. How so? That’s because of compulsory contributions to state insurance schemes and pension funds that are “akin to a tax” because of the difficulty in accessing…
Source: Live Mint Is it true that non-resident Indians (NRIs) can no longer avail of the indexation benefit, while residents still can?—Name withheld on request Vide The Finance (No. 2) Act, 2024, there have been significant revisions to the scheme of taxation for capital gains. Taxpayers can continue to use the fair market value as…
Source: Live Mint I am a US citizen and have stayed there for more than 25 years. I have now retired and returned to India in May 2024. I will start receiving social security benefits from the next calendar year. Do I need to include this income in my Indian income tax return?—Name withheld on…
Source: Live Mint Credit cards are a very under-rated tool in the financial services industry. It is a tool that can reward you handsomely if used wisely for your day-to-day expenses. Credit cards range from beginners to luxury cards that can reward you handsomely. The rewards can range from cashbacks to flight tickets (from economy…
Source: Live Mint The concept is simple: For those living in apartments without enough space to install solar panels, SundayGrids helps you buy solar panels that are put up elsewhere. The electricity generated by these offsite panels is credited against your electricity bill. It’s a novel solution that makes users feel like they have solar…
Source: Live Mint A lot has been discussed about active versus passive mutual funds, and how to choose between their categories. With many active funds, especially large-cap ones, struggling to consistently outperform their benchmarks, investors are increasingly turning their attention to passive funds. But did you know that within the passive large-cap space—the top 100…
Source: Live Mint Receiving a gift, whether it’s cash, property, or a sentimental item, is always a delight. However, not all gifts come without strings attached – some may bring a tax bill along with them. Gift-giving is a cherished part of Indian culture, often reflecting love, respect, and generosity. While many gifts are modest,…
