8th Pay Commission may get delayed beyond January 2026; check details

8th Pay Commission may get delayed beyond January 2026; check details

The 8th Pay Commission is expected to commence its work in April of the financial year 2025-26. According to Expenditure Secretary Manoj Govil, the Union cabinet will need to approve the terms of reference (ToR) for the Commission. Input will be sought from the Ministry of Department of Personnel & Training and the Ministry of … Read more

CBDT tax calculator: If your annual salary is Rs 15 lakh, which tax regime should you opt for – new tax or old tax? 

CBDT tax calculator: If your annual salary is Rs 15 lakh, which tax regime should you opt for – new tax or old tax? 

Tax calculator 2025: The Income Tax Department has introduced a user-friendly tool for taxpayers to compare taxes under the New Tax Regime for the financial years 2024-25 and 2025-26 (post budget proposal). This tool allows individuals to determine which tax regime is more advantageous based on their income and deductions. Access the official Income Tax … Read more

Debt Funds vs Fixed deposits: Is it wise to go for mutual funds after RBI’s rate cut?

Debt Funds vs Fixed deposits: Is it wise to go for mutual funds after RBI’s rate cut?

During the recent monetary policy review meeting held between February 5 and 7, 2025, the Reserve Bank of India (RBI) made the decision to reduce the policy repo rate from 6.50% to 6.25%. This marks a change after maintaining the rate unchanged for eleven consecutive meetings, which is about five years. The new Governor, Sanjay … Read more

I have extensively invested in Nifty 50 Index fund over the years. Should I diversify my investment strategy with market ups and downs?

I have extensively invested in Nifty 50 Index fund over the years. Should I diversify my investment strategy with market ups and downs?

At 32 years old, my current monthly take-home pay is approximately Rs 2 lakh, with all my accumulated wealth invested exclusively in the Nifty 50 Index funds. I have already contributed Rs 28 lakh to my investments, a decision influenced by my cautious nature despite possessing a higher risk tolerance. Even in the event of … Read more

Tax-Budget 2025: Tweaks in New Tax Regime – How much more you will earn in FY26 vs FY25 if your salary is Rs 12 lakh/year?

Tax-Budget 2025: Tweaks in New Tax Regime – How much more you will earn in FY26 vs FY25 if your salary is Rs 12 lakh/year?

Tax Budget 2025: The introduction of Budget 2025 has resulted in significant changes that align with the expectations of the middle class. Notably, the Finance Minister has raised the tax-free income threshold to Rs 12 lakh, translating to Rs 12.75 lakh for salaried individuals after considering the standard deduction. A key highlight this Budget for middle-class … Read more

Effects of Budget 2025: Comparing benefits of Old and New Tax Regimes for salaried taxpayers

Effects of Budget 2025: Comparing benefits of Old and New Tax Regimes for salaried taxpayers

Tax and Budget 2025: Finance Minister Nirmala Sitharaman made significant announcements that have delighted middle-class taxpayers. The changes include raising the rebate limit from Rs 7 lakh to Rs 12 lakh under the New Tax Regime (NTR). Additionally, Sitharaman made adjustments to the tax slabs, benefiting taxpayers in higher income brackets and giving them more … Read more

Income tax relief: Rs 12.1 lakh vs Rs 12.5 lakh vs Rs 12.75 lakh – how marginal income tax will be calculated? 

Income tax relief: Rs 12.1 lakh vs Rs 12.5 lakh vs Rs 12.75 lakh – how marginal income tax will be calculated? 

Income tax calculations: The Union Budget 2025 raised the income tax exemption threshold to Rs 12 lakh, effectively making incomes up to this amount tax-free. For salaried individuals, this limit increases to Rs 12.75 lakh after factoring in the standard deduction of Rs 75,000 under the new tax regime for FY 2025-26. This has become possible … Read more

Received a message about Section 80GGC deduction from the Income tax department? Here’s what to do

Received a message about Section 80GGC deduction from the Income tax department? Here’s what to do

The Income tax department has recently sent messages to numerous taxpayers regarding claims of deductions under Section 80GGC. A typical message reads as follows: How much tax do I have to pay? Calculate now Dear Taxpayer, XXXXX SINGH (AAAASXXXXN)It is observed that you have claimed deduction under section 80GGC of Rs 600000 in your ITR … Read more

Crorepati goals: I and my wife are investing in mutual funds, provident fund, NPS. We aspire to accumulate a corpus of Rs 8.5 cr in the next 8 years. How should we do it? 

Crorepati goals: I and my wife are investing in mutual funds, provident fund, NPS. We aspire to accumulate a corpus of Rs 8.5 cr in the next 8 years. How should we do it? 

Crorepati goals: I recently turned 34 years old and updated my financial numbers as of December 31, 2024. My wife, who is 32 years old, and I have reached a portfolio value of over 55 Lakhs. Here is the breakdown: Mutual Funds: Rs 19 Lakhs Stocks: Rs 19.75 Lakhs Provident Fund: Rs 12.25 Lakhs National Pension … Read more

Buying vs renting homes: Should I invest in a house or pay rent and invest in other avenues?

Buying vs renting homes: Should I invest in a house or pay rent and invest in other avenues?

The debate over whether to purchase or rent housing continues. Individuals grapple with the decision of whether to invest in a home or allocate funds to renting and alternative investment opportunities. Recent reports suggest a noticeable shift toward homeownership, indicating a change in consumer behavior driven by the increasing appeal of property ownership, largely due … Read more