The FinTech Hub
Source: Live Mint Budget 2023 introduced a 10% tax deducted at source (TDS) on coupon payments from listed bonds. While the intention was to ensure tax compliance, it created unforeseen complications for individuals—especially small investors and retirees who rely on predictable coupon income. TDS is a system that collects tax at the source of income…
Source: Live Mint The flagship program of the Government of India, Pradhan Mantri Mudra Yojana (PMMY), aims to promote entrepreneurship among micro and small business owners and promote financial inclusion. Let’s look at the features, benefits, and application process of this scheme in more detail. What is Pradhan Mantri Mudra Yojana? MSEs trading, or even…
Source: Live Mint Income tax calculator: The new tax regime became a default tax regime in FY 2023, which means taxpayers are meant to pay income tax based on the new regime unless they opt out of it. They would do so only if they were told that the old tax regime would lead to…
Source: Live Mint Life is full of surprises, and sometimes you may need cash immediately because of unforeseen costs such as home repairs, medical emergencies, or a possibility. That may come unexpected, so in such cases small cash loans, if guaranteed by an Aadhaar card, would be the only trustworthy financial lifeline. Let’s examine the…
Source: Live Mint In this dynamic financial landscape, need for emergency funds could occur at any time. There are various ways to fund such requirements. One such way is a credit card. However, every credit card has a credit limit beyond which you cannot use your card to make transactions. If you are somebody who…
Source: Live Mint Switching jobs often brings excitement—a new role, better pay, fresh challenges. But it also comes with its share of challenges, and one of the trickiest is serving out your notice period. For many employees, the solution seems simple: allow the employer to deduct the penalty for skipping the notice, especially if the…
Source: Live Mint I got a job in Dubai through campus placement and left India in August 2023. However, I had to quit in October 2024 for personal reasons and returned to India in early November 2024. Can I be considered a non-resident in India for this tax year? If not, what happens to my…
Source: Live Mint In a recently shared post on Linkedin, Zerodha’s co-founder and the younger of the two Kamath brothers – Nikhil Kamath – wrote about Unified Lending Interface (ULI) and how lending as a phenomenon can play a key role in scripting the growth of individuals. While showering praises on ULI (Unified Lending Interface),…
Source: Live Mint Standard Deduction: Income taxpayers can lower their income without providing any documentation or disclosures by using the standard deduction, which is a fixed sum subtracted from taxable salary income. After being eliminated for several years, the standard deduction provision was reinstated in the 2018 budget announcement. Under Section 16 of the Income…
Source: Live Mint For India to ensure consistent economic growth and achieve its ambitious target of becoming the third-largest economy by 2027, it needs robust financial systems in which the insurance sector plays a critical role. The sector’s development is crucial to bridging protection gaps, enhancing financial resilience, and driving sustainable growth towards Amrit Kaal….
