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Source: Live Mint Tax-saving component of the house rent allowance (HRA) makes the old tax regime more beneficial in some cases. One such case is of married couples, who can use HRA strategically to save tax based on their salary and tax slabs. Also read: Goodbye old tax regime; new regime now more attractive Popular…
Source: Live Mint The new tax regime became a default regime in 2023 but Budget 2025 introduced a higher incentive for taxpayers by allowing zero tax for income upto ₹12 lakh, following which there is an expectation that around 90 percent of taxpayers will opt for it over old tax regime. However, one collateral damage of this…
Source: Live Mint Grasim Industries, on Monday, reported a 41 per cent year-on-year (YoY) decline in its consolidated net profit, which stood at ₹899 crore for the third quarter. Meanwhile, its revenue from operations increased by 9 per cent YoY to ₹34,793 crore during the same period. Profit growth was impacted by increased interest and…
Source: Live Mint The Reserve Bank of India (RBI) on April 11 released a set of guidelines regarding Framework for acceptance of Green Deposits. Following those guidelines, State Bank of India (SBI) released a new deposit scheme — SBI Green Rupee Term Deposit — in a bid to mobilise deposits to support the bank in financing green initiatives….
Source: Live Mint US stocks edged higher on Monday as steelmakers surged after US President Donald Trump said he would impose additional tariffs on steel and aluminum imports. At the opening bell, the Dow Jones Industrial Average rose 93.5 points, or 0.21%, to 44,396.92. The S&P 500 rose 20.4 points, or 0.34%, to 6,046.4, while…
Source: Live Mint In the budget speech of 2025, the Finance Minister of India, Nirmala Sitharaman made numerous announcements. Some of the key announcements were for example no income tax till ₹12 lakh income when taking in account the ₹75,000 standard deduction. Further, a slew of changes in TDS and TCS. Along with the same…
Source: Live Mint Do you use a credit card linked to the UPI? If yes, you obviously have a higher propensity to overspend. We tend to make a ₹40 worth transaction here or ₹50 worth transaction there – and as a result, we don’t even realise before we end up spending ₹10,000 or more. Not uncommon?…
Source: Live Mint Patanjali Foods Q3 Results: Baba Ramdev, who represents the ayurvedic products firm Patanjali Foods Limited, announced its October to December quarter results on Monday, February 10. The company recorded a 71 per cent jump in net profit to ₹370 crore in the third quarter of the financial year 2024-25, compared to ₹217…
Source: Live Mint If you are taking a personal loan, all you are worried about is its repayment. It is vital to remember that a personal loan’s EMI hinges on two key factors: loan tenure and rate of interest. These two factors determine the loan EMI in the following ways: Rate of interest: The higher…
Source: Live Mint If you are a frequent traveller to the destinations in India and overseas, and you like to travel in luxury, then it is advisable for you to carry a credit card. Aside from using it for travel bookings, you can use your credit card to get access to airport lounges. However, it is vital to…
