Tax savings under Old Tax Regime: Taxpayers seeking to optimise their savings for the fiscal year 2024-25 still have opportunities available. One such option is utilising Section 80G of the Income Tax Act to claim deductions for donations made to government-approved trusts. It is important to note that not all charitable contributions automatically qualify for … Read more
Digital payments are transactions conducted through digital or online mediums, utilizing electronic methods for money exchange between the payer and the payee. In India, there is a diverse range of payment options available, including cash, credit and debit cards, UPI (Unified Payments Interface), mobile wallets, NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), … Read more
DBS Bank India has announced the launch of its new offering, ‘DBS Golden Circle’. This priority banking program has been carefully crafted to address the specific needs of senior citizens. Designed for resident Indian individuals aged 60 and above, the program provides an array of exclusive benefits and services to simplify and enhance the banking … Read more
Mumbai: The central bank move to allow large-value fund transfers 24×7 through the Real Time Gross Settlement (RTGS) system has the potential to eliminate delays in the movement of money, helping quicken the pace of trade in India. Funds above Rs 2 lakh can now be transferred through the RTGS system anytime of the day … Read more