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6 Ways to Save Income Tax Under the New & Old Tax Regimes for FY 2024-25
Posted on Monday, July 29th, 2024 |
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….
Read moreUnderstanding Lien on Fixed Deposits: Benefits, Risks & How to Avoid It
Posted on Friday, July 19th, 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 moreWhat is Lien on Fixed Deposit? Understanding its Benefits and Risks
Posted on Friday, July 19th, 2024 |
Fixed deposits are time-tested investment tools that work well as emergency funds. You can park your excess cash or savings into a protected fund and earn stable returns over time. This tool suits investors with low-risk appetites since their funds are preserved without losing value due to inflation. You must understand the meaning of the…
Read moreWhat is Auto Renewal in Fixed Deposit?
Posted on Friday, July 19th, 2024 |
Fixed deposits are a preferred investment option for Indian bank account holders. They can also serve as emergency funds during unexpected situations like unemployment, vacations, or high medical expenses. Typically, the amount you invest is returned with a fixed rate of interest after a set period—which you can calculate using the IndusInd Bank FD Calculator….
Read moreSave Tax with Tax-Saver FD: Complete Guide
Posted on Tuesday, May 28th, 2024 |
Fixed Deposits (FDs) have long been considered a reliable investment avenue for individuals seeking stability and assured returns on their savings. Not only do FDs offer a secure way to grow your money, but they also come with the added advantage of tax-saving benefits under Section 80C of the Indian Income Tax Act. What makes…
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