As we approach the Union Budget 2025, the one expectation that keeps buzzing strongly is whether Finance Minister Nirmala Sitharaman will lower the personal tax rates. While many changes have been introduced to ease taxpayer compliance – pre-filled tax returns – there has hardly been any substantial tax saving for individual taxpayers. Sample this: Imagine…
Neelesh Surana, chief investment officer at Mirae Asset MF, who oversees ₹1.5 trillion in equity assets, explains how investors should navigate current market volatility, his outlook, and why the fund house is launching a small-cap fund now. Here are some excerpts from an interview. What is your outlook on the markets? The rally that began…
Using a fraudulent credit card swiping scheme, a mobile shop manager conned his former colleague and three others of ₹75 lakhs, as per a media report. With an increase in the number of users of credit cards across the nation, such scams are also gaining traction. How was the scam planned and executed? The prime…
In FY 2023, the income tax regime became a default regime for all taxpayers. This means the taxpayers are meant to file their income tax return (ITR) as per the new regime unless they choose to opt out of it. And if you do not opt out of the new tax regime, you are entitled…
In the current financial environment, it is more important than ever to have a good credit score. It affects everything from your ability to rent an apartment to credit card offers and loan interest rates. Here we explain the basics of credit scores and provide helpful advice on how to build your credit history, increase…
What legal steps can my family take if someone challenges my will? -Name withheld on request Drafting a will is a time-tested and widely used method of succession planning, enabling individuals to transfer their assets to chosen beneficiaries in a manner they deem fit. A will allows you to clearly define the distribution of your…
To make intelligent financial decisions, you need to know your credit card limits. You can avoid overspending, which may lead to fines, reduced credit scores, and unnecessary fees, by adhering to these spending limits. Apart from offering insight into responsible credit card use, this outlines several ways to check your credit card limits. What is…
Indian taxpayers, particularly those in the highest 30% tax bracket, have been crying hoarse that the country’s tax rates are among the highest in the world. However, that may not be true if one were to compare tax rates as per income slabs adjusted for purchase price parity, or PPP. Austria and Finland levythe world’s…
Do you often use UPI for making your sundry payments – whether it is about paying your Uber driver, for online shopping, or to pay for the roadside chai? If that is the case, then you must have noted that your UPI app generates a transaction ID as you transfer the money. These IDs are…
When having a low credit score, the door to getting a credit card might appear firmly shut. However, distressed credit holders can renew their financial stability with certain credit cards and approaches meant for them. Here we will know some best credit cards which you can opt for even if you have a lower credit…
