In India, taxpayers can choose between the old and new income tax regimes, each offering distinct benefits. However, this choice isn’t permanent and can be revisited annually. Whether you are a salaried employee or running a business, understanding how often you can switch between tax regimes is crucial for maximising your tax savings. In the…
NEW DELHI : A couple, in their 60s, bought a family floater health insurance policy from a private insurer in 2018. They never had to use it. Still, their premium surged 20% to ₹49,874 in February 2024. It was ₹41,813 in February 2023. They were shocked to see the further rise in their premium in…
I have worked outside India for 12 years but I will be relocating back to India in April for a better employment opportunity at an MNC. I have one residential property in India from 2010 which I will sell and instead purchase a bigger one after I return. Approximately how much tax will be there…
If you never held a credit card and never took a loan then the chances are that your credit profile does not exist. This means the bank may refuse to give you a credit card or a fresh loan. This is a common problem among young loan seekers who have recently started earning and do not have…
Personal loan: If you have a domestic or overseas travel lined up and are short of funds – you may have a temptation to take out a personal loan for the same. Although fundamentally it is not a complete no-no, it is subject to some checks and balances. Let us understand more on this. Suppose you have…
If you are planning to raise a personal loan, one of the key things that you should consider is the interest rate at which the loan is offered. This directly influences the monthly instalment, which is also referred to as EMI (equated monthly instalment). An EMI is a function of several factors including credit score,…
Kenneth Andrade, the ace investor known for his high-conviction calls, looks for businesses early into a business cycle as part of his investment philosophy. The chief investment officer of Old Bridge Capital Asset Management observed that India’s market capitalisation to GDP ratio is 130%, which still indicates overvaluation but he still sees pockets of opportunity….
Personal loan: If you are planning to raise a personal loan, it is vital to note that it usually has a fixed interest rate, which means the monthly instalment at which you start paying at the start of the loan will continue till the end of the loan. However, there are three variables on which…
If you are planning to go abroad and rely on a credit card for your day-to-day expenses – be mindful of the fact that each credit card levies a small fee for the transactions incurred in a foreign currency. This fee is also known as a forex conversion fee. This is a fee levied by a…
As we celebrate International Women’s Day on March 8, it’s the perfect time to focus on the importance of financial literacy for women. This year, let’s move beyond the celebration and focus on steps that empower women to achieve financial independence. Financial literacy and strategic investments are key to securing a stable future. From the…
