How Revised Section 87A Tax Rebate (FY 2023-24) reduces Income Tax to Zero for those earning Rs 7 lakh or less in India.
Leave Encashment Taxation Rules (Updated 2023 – new Rs 25 lakh Limit)
The leave encashment exemption limit has been increased from Rs 3 lakh to a massive Rs 25 lakh.
How to Pay Zero (NIL) tax for Rs 7 lakh income under New Tax regime & Slabs?
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?
Revised New Vs Old Tax Regime (After Budget 2023 Changes)
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)
New Income Tax Slab & Rates announced in Budget 2023
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
Mahila Samman Savings Certificates (7.5% interest) – New Small Savings Scheme for Women
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
SCSS Limit Increased to Rs 30 lakh (from old Rs 15 lakh) in Budget 2023
The Budget 2023 has brough some good news for senior citizens. The maximum investment limit of Senior Citizen Savings Scheme (SCSS) has been increased from Rs 15 lakh to Rs 30 lakh now. With the doubling of SCSS limit to…
Read More SCSS Limit Increased to Rs 30 lakh (from old Rs 15 lakh) in Budget 2023
Quoted (Economic Times) – Jan 2023 – 58-Year Old Planning for Retirement Income from 2024
I was recently quoted in Economic Times WEALTH (30 January 2023) in the Q&A section where a panel of experts answers readers' questions related to various aspects of their personal finances. . The exact question is given below - Here…
Read More Quoted (Economic Times) – Jan 2023 – 58-Year Old Planning for Retirement Income from 2024
89% Traders Lose Money in F&O in India – SEBI Study (2022-23)
SEBI has released a detailed study of the Individual traders’ analysis of Profit and Loss in Equity Futures & Options (F&O). The result are not surprising as we all know that very few traders genuinely make any money. A whopping…
Read More 89% Traders Lose Money in F&O in India – SEBI Study (2022-23)
IRDA Life Insurance Claim Settlement Ratio 2023 (Updated)
The latest update for 2023 Life Insurance Claim Settlement Ratio has been published by IRDA (link). If you are looking for the highest claim settlement ratio in life insurance or the best life insurance company in 2023 (based on claim…
Read More IRDA Life Insurance Claim Settlement Ratio 2023 (Updated)
Get Money Faster on Selling Equity Funds. MF move to T+2 Cycle.
AMFI has announced that all AMCs or mutual funds will now move to T+2 redemption payment cycle for equity funds. What this means is that going forward, under the T+2 redemption cycle, the money from redemption will be credited to…
Read More Get Money Faster on Selling Equity Funds. MF move to T+2 Cycle.
What is Digital Rupee & How to use E-Rupee in India (2023)?
What is Digital Rupee or E Rupee? How to load and use E Rupee for digital transactions in India (2023)? Difference eRupee vs IMPS, NEFT RTGS.
What are RBI Green Bonds (or Sovereign SGrB 2023) in India)?
What are RBI Green Bonds (2023)? India is issuing its first Sovereign Green Bonds or RBI Green Bonds (SGrB) in 2023. So what are these RBI sovereign green bonds? These Sovereign Green Bonds, popularly known as RBI India Climate Bonds,…
Read More What are RBI Green Bonds (or Sovereign SGrB 2023) in India)?
Quoted (Business Standard) – Jan 2023 – Why Silver ETFs are not becoming popular?
I was recently quoted in Business Standard (11 Jan 2023) in an article titled "A middling first year for silver ETFs; AUM at around Rs 1,500 cr by November 2022". Here is the link to the online version of the…
Read More Quoted (Business Standard) – Jan 2023 – Why Silver ETFs are not becoming popular?
How to Manage your finances to Increase your Income?
If I remember correctly then there are some research works that prove that most people from low-middle income backgrounds who won a big lottery or jackpot, eventually go back to the same amount of money they had before after a…
Read More How to Manage your finances to Increase your Income?