The FinTech Hub
Source: Live Mint Avir Tiwari’s wallet was so full that it couldn’t take it anymore. For the six-month-old boy, it wasn’t particularly a bad situation. However, his dad, Ekansh Tiwari, associate vice president of currencies at Natwest Group, certainly had a task on his hands. For, Tiwari had to find a way to lock the surprisingly…
Source: Live Mint In FY 2023-24, the new tax regime became a default regime. This shift has led many taxpayers to wonder whether traditional tax-saving investments such as PPF (Public Provident Fund), NSC (National Savings Certificate), post office saving scheme and NPS (National Pension System) are still relevant for the purpose of investment. The tax-saving…
Source: Live Mint I am a married man, 35 years old, and have two minor children. Neither my wife nor I own anything substantial at this time, but we have nominees for some bank and demat accounts, PPF, etc. We have been advised to create a will, but we feel we are too young for…
Source: Live Mint Mutual fund vs PPF: Imagine that you have two options to invest your hard-earned money. Option A offers a 7.1 per cent return, while option B offers an average return of 12 per cent in the long term. What would you choose? Option B, right? After all, the difference of about 5…
Source: Live Mint The submission of income tax investment proofs for FY 2024-25 is generally due by March 31st, subject to deadlines, which may vary across organisations. Employers typically start collecting these proofs between January and March. The income tax investment proof submission process is essential for accurate tax computations and rebate claims. Employees must…
Source: Live Mint If you have made investments in some tax-saving instruments but realise that you won’t be able to claim the exemptions against them since you missed intimating your employer about opting for the old tax regime during the year, there is a way out. It is vital to note that you can still…
Source: Live Mint What would you say about an investment instrument that used to give 12 per cent interest a year and now offers only 7.1 per cent? Well, it doesn’t remain as a sought-after investment instrument as it did earlier. This is exactly what happened with public provident fund, or PPF as it is…
Source: Live Mint With the new tax regime (NTR) becoming the default regime lately, several taxpayers are anxious about having lost the eligibility to claim deduction. What, however, is not known to many people is that some deductions and exemptions are still allowed in the new tax regime. Although the typical deductions for investment in…
Source: Live Mint Conservative investors who refrain from investing in equity tend to invest in financial instruments that give assured returns. These instruments include post office schemes or small savings schemes. There are a number of small savings schemes that offer tax benefits along with assured returns to investors. Investments in these schemes not only…
Source: Live Mint Taxpayers are required to pay their income tax as per the New Tax Regime (NTR) from FY 2023-24 onwards after it became the default regime. This means that if you don’t opt for a specific tax regime, your income tax will be computed on the new tax regime. Notably, the new tax…
