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Union Budget 2024: Top Takeaways for Salaried Employees
Posted on Friday, September 20th, 2024 |
During the Monsoon Session of Parliament, the Finance Minister, Nirmala Sitharaman, presented the Union Budget for 2024–25. She became the first finance minister to deliver seven consecutive budget speeches, surpassing former Prime Minister Morarji Desai’s record of six consecutive budgets from 1959 to 1964. In her seventh budget, Sitharaman focused on boosting economic growth and…
Read moreOld vs New Regime Tax Rates FY 2024-25 & AY 2025-26
Posted on Thursday, September 19th, 2024 |
Understanding the income tax slab rates is essential for every taxpayer. For the financial year 2024-25, the Government of India has outlined distinct tax slabs under both, the old and new tax regimes. This article provides a comprehensive overview of these slabs, helping you make informed decisions about your tax planning. What Changes Were Announced…
Read moreDifference Between Liquid Funds and Fixed Deposits
Posted on Wednesday, July 31st, 2024 |
In India, FDs and liquid funds are the top investment choices. FDs offer guaranteed returns, a safe bet for cautious investors. Liquid funds attract those seeking short-term investments with higher returns. This guide explains FDs and liquid funds, benefits, and key differences. If you find it difficult to decide between safety and returns, this guide…
Read moreUnderstanding Important Fixed Deposit (FD) Rules & Regulations
Posted on Wednesday, July 31st, 2024 |
If you are looking for secure investment options, Fixed Deposits (FDs) are often a top choice for many. Steady and guaranteed returns and high interest rates make it a preferred choice. While the promise of guaranteed returns makes FDs an attractive option, navigating the fixed deposit rules and regulations can be daunting. Investors need help…
Read moreNew Tax Regime: How Taxpayers Can Save up to ₹17,500 a Year in Income Tax
Posted on Wednesday, July 31st, 2024 |
Budget 2024, announced by Finance Minister Nirmala Sitharaman on 23 July 2024, brings several changes aimed at boosting the economy and providing relief to taxpayers. Among the various announcements, the most crucial attraction is the revamped New Tax Regime (NTR). Designed to simplify taxation, the NTR introduces higher standard deductions and revised tax slabs, which…
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