The taxation of debt mutual funds will change from 1st April 2023. Here is how your debt fund capital gains will be taxed from 1st April 2023: If the Mutual Fund holds less than or equal to 35% of Indian…
Read More Debt Funds Taxation Change from 1st April 2023 (FY2023-24)
Which banks in India are insured and covered under the Rs 5 lakh insurance of DICGC. And what is the limit of DICGC insurance for depositors in India?
When it comes to correctly putting the building blocks of your personal finance, Life insurance is the first tool that you should consider to secure the well-being of your family and dependents. In fact, it should always be insure first…
Active ELSS Funds AMC can Now Launch Passive ELSS Index Funds, if the stop flows to active funds and merge them with passive funds in 3 years.
Not only did the Budget 2023 offer relief to the common man (by revising the new tax slabs), but also gave something to cheer to high-net-worth individuals (HNIs). The highest surcharge rate has been reduced from 37% to 25% under…
Read More What is impact of Surcharge redution from 37% to 25% for High Income HNIs?
The new tax regime (2023) offers lower tax slab rates but it also removes almost all the exemptions. But there are still few tax deductions that are available under the New Tax Regime from 1st April 2023. So what are…
Read More New Tax Regime Exemption List: Available Deductions (FY2023-24)
Who is Eligible for Rs 50,000 Standard Deduction in New Tax Regime? Standard Deduction of Rs 50,000 is now available for EVERY Salaried & Pensioners under the New Tax Regime in India (2023). This new change has been introduced under Section 16(ia) in Budget 2023, and for new tax regime which was introduced as an alternative tax system under section 115BAC
How Revised Section 87A Tax Rebate (FY 2023-24) reduces Income Tax to Zero for those earning Rs 7 lakh or less in India.
New Income Tax Slabs for Senior Citizens & Super Senior Citizens under New Regime (2023-24)
The leave encashment exemption limit has been increased from Rs 3 lakh to a massive Rs 25 lakh.
The Budget 2023 brought a lot of good news for senior citizens in India. The majority of Indians above the age of 60 depend on government instruments to provide risk-free interest income during retired life. While many have the benefit…
Budget 2023 has announced that the Tax Payers opting for New Tax Regime and earning less than Rs 7 lakh will have to pay No Taxes. But there are a few things to note about this annoucnement: Income Tax will…
Read More How to Pay Zero (NIL) tax for Rs 7 lakh income under New Tax regime & Slabs?
The Budget 2023 has revised (and reduced) the tax slabs for ONLY the new tax regime (read more here). Here is a comparison table of the New tax regime vs Old tax regime (applicable from 1st April 2023). New Vs…
Read More Revised New Vs Old Tax Regime (After Budget 2023 Changes)
The income tax slabs in the new tax regime have been changed. As per the announcement, instead of 6, now there will be 5 income tax slabs. The New Slabs and new Income tax rates under the new income tax…
Read More New Income Tax Slab & Rates announced in Budget 2023
The government has announced a new one-time female-specific small savings scheme - Mahila Samman Saving Certificates. This will have a tenure of 2 years where women or girls can deposit unto Rs 2 lakh for a period of 2 years…
Read More Mahila Samman Savings Certificates (7.5% interest) – New Small Savings Scheme for Women
