Personal Finance
Savings & Investments (FDs, bonds, stocks, mutual funds)
Retirement & Pension Planning
Taxation tips (ITR filing, exemptions, GST updates)
Unlocking Tax Savings: Income-Tax Benefits for Individuals & HUFs Are you aware of the tax benefits available to you as an individual or a Hindu Undivided Family (HUF)? The tax system provides several reliefs to help you save money. Let’s break it down: Key Reliefs to Know Basic Exemption Limits : – General individual/HUF: â‚ą […]
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Bank Transactions That Trigger Income Tax Scrutiny The Income Tax Department closely monitors bank transactions to prevent tax evasion and ensure compliance. Here are 9 common transactions that can trigger scrutiny : 1. Large Cash Deposits: Depositing â‚ą10 lakh or more in cash in your savings account in a financial year can lead to reporting
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The Smart Way to Wealth: Mastering Good Loans in India that can help you to grow your wealth In India, a significant number of people rely on loans to purchase big-ticket items, with 70% of iPhones and 80% of cars being bought on loans. However, the key to financial success lies in understanding the difference
India’s Wealth Shifts Inward: Domestic Engine Roars, But Investor Behavior Lags Behind India’s wealth landscape is undergoing a significant transformation, with domestic investors driving growth and shifting towards riskier assets. Here are the key trends: Domestic Investment Surge: Monthly SIP investments are expected to reach â‚ą48,000 crore, contributing to a projected â‚ą54 lakh crore in
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Personal Finance Red Flags Related To Savings & Emergency Planning. A key personal finance red flag related to savings and emergency planning is not having an emergency fund that covers at least 3 to 6 months of essential living expenses. Other warning signs include living paycheck-to-paycheck, using high-interest debt to cover unexpected costs, and failing
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Personal Finance Red Flags Related To — Debt & Borrowing When your personal finances show red flags related to debt, it is a signal that your borrowing is becoming unmanageable and may soon affect other areas of your life. Recognizing these warnings early allows you to take corrective action before a debt trap sets in
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A striking picture of huge unclaimed wealth in India. Unclaimed wealth in India amounts to hundreds of thousands of crores of rupees, often held in forgotten bank accounts, insurance policies, shares, and mutual funds. This staggering sum represents life savings lost in the system, highlighting a systemic issue of financial literacy and asset management. Bank
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Personal Finance Red Flags Related To Spending Habits 1. No monthly budget or awareness of expenses. 2. Impulse/emotional spending (“retail therapy”). 3. Lifestyle inflation with every raise. 4. Spending > income month after month. 5. Relying on buy-now-pay-later for non-essentials. 6. Frequent big-ticket purchases without savings. 7. Ignoring small leaks (subscriptions, delivery apps). 8. Over-gifting/overspending
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10 Investing Lessons This Diwali True wealth comes from patient, disciplined investing and preserving money, not flashy moves. 1. Don’t Follow the Crowd • The rise of social media has turned investing into a trend game. • As Frederick Allen Lewis noted: “Follow the crowd, take up the new toys that were amusing the crowd.”
RBI Allows Early Exit for Sovereign Gold Bond (SGB) 2020-21 Series-VII Investors! The Reserve Bank of India (RBI) has announced premature redemption for the SGB 2020-21 Series-VII, originally issued on 20 October 2020. Redemption Date: 20 October 2025 (that’s the 5th year from the issue date — eligible for early exit) Performance Snapshot: The bonds
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