My bank Relationship Manager recently reached out to discuss the option of opting for a reduced Equated Monthly Installment (EMI) for my loan. While I appreciate the potential savings that come with a lower EMI, I am seeking your expert advice on the matter. Would you recommend maintaining my current EMI amount to expedite the … Read more
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
Aryan Kochhar, co-founder of financial advice platform FinnFlow, has ignited a social media firestorm with his candid take on managing finances in your 20s. His advice? Living with your parents isn’t a failure—it’s a strategy. “Living with parents in your mid-20s isn’t a ‘failure’—it’s financial wisdom in a world where rent eats 50% of your … Read more
Tax planning is a crucial component of personal finance, enabling taxpayers to minimize liabilities while complying with legal obligations. With significant changes introduced by the recent Finance (No. 2) Act 2024, understanding how to optimize tax planning for the Financial Year (FY) 2024-25 (Assessment Year 2025-26) is essential. In this article, we will discuss effective … Read more
Money plays a crucial role in individuals’ lives, whether they are single or married. It is vital to prioritize saving and making prudent investments to ensure a comfortable life and secure retirement. Upon entering into marriage, financial considerations become more intricate due to the dual income and increased responsibilities. As a newly married couple, merging … Read more
Zayed Khan, known for his early 2000s breakout role in Main Hoon Na, recently opened up about financial discipline in the unpredictable world of Bollywood. In an interview to Zoom, Zayed addressed speculation about his net worth being over Rs 1,500 crore and shared his approach to securing financial stability amidst the ups and downs … Read more
Sovereign Gold Bonds (SGBs) are currently trading at a premium over their reference prices on exchanges, driven by their tax benefits and attractive coupon rates. With speculation over new issuances in the future, these listed bonds have seen increased demand. By mid-August 2024, the top 15 most liquid SGB series were closing 8% higher than … Read more
Hemant Rustagi, CEO, Wiseinvest, says that despite mutual funds and other options being there, some investors go for very conservative options for their children’s education thinking that this is one of the most important goals and they would not like to take any risk on that money. Maybe NPS Vatsalya will add one more option. … Read more
Market regulator the Securities and Exchange Board of India (Sebi) launched ‘Saa₹thi 2.0‘ mobile app in Mumbai on Monday. The updated Saa₹thi app has introduced a user-friendly interface with comprehensive tools aimed at simplifying complex financial concepts, a Sebi release said. It includes financial calculators, and has modules that introduce and explain KYC procedures, mutual … Read more
The month of June has started and there are a number of changes related to personal finance, credit cards, income taxes, stock market, and others. To start with, June will see the highly awaited Lok Sabha elections 2024 results that will be announced on June 4. The markets will keenly observe the election results, with … Read more