Budget 2024 Increases Capital Gains Tax: Here’s What You Need to Know

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Long-Term Capital Gains (LTCG) and Short-Term Capital Gains (STCG) are terms used to describe the profits earned from the sale of assets, such as equities, properties, or other investments. The classification into LTCG vs STCG depends on the holding period of the assets. For equities, if you hold an asset for over a year, the…

6 Ways to Save Income Tax Under the New & Old Tax Regimes for FY 2024-25

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Budget 2024 has introduced three major changes that make the new, simplified income-tax regime more appealing. Do you know what they are? Finance Minister Nirmala Sitharaman has revised the income tax slabs, increased the family pension deduction to ₹25,000 from ₹15,000, and increased the standard deduction to ₹75,000 from ₹50,000 in the new tax regime….

How to Check Active Loan on PAN Card

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Your PAN card is more than an identification document. It is also a gateway to understanding your credit health. With your PAN card, you can get valuable insights into your credit history, including details about your active loans. This can help you stay informed about your outstanding debts, repayment schedules, and other aspects of your…

Monthly Budget Planning: A Detailed Step-by-Step Guide

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Financial stability starts with understanding where your money goes. This is where monthly budget planning comes in. A well-structured budget helps you to track income, allocate funds for expenses, and work towards your financial goals. Whether you are saving for a particular goal or simply aiming for peace of mind, planning a monthly budget is…

What is CTC & Its Role in Obtaining a Personal Loan?

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When you’re planning to apply for a personal loan, your income plays a key role in determining whether you’ll get approved, how much you can borrow, and at what interest rate. One term that often pops up during this process is CTC, or Cost to Company. But what exactly does it mean, and why do…