What are the changes in LTCG for debt mutual funds? Starting from April 1, 2023, capital gains on certain debt oriented mutual funds (that invest less than 35% in equities) — will be added to your taxable income and taxed at your applicable slab rate. Long-term capital gains (LTCG) tax benefits and indexation benefits on…
The National Payments Corporation of India (NPCI) has declared that from April 1, 2023, any Unified Payments Interface (UPI) transaction of more than ₹2,000 made via prepaid payment instruments (PPI) such as pre-loaded gift cards or online wallets will incur an interchange fee of up to 1.1%. This caused a lot of confusion about whether…
While savings and investments are a big part of a sound financial strategy, there are other factors to consider. What are your long-term goals versus your short-term needs? What is your budget? Have you planned for an emergency? Financial planning helps people determine whether they are on track to achieve overall financial success. So, in…
The interest and principal repayment on such EMIs are deductible from their taxable income under the old tax regime as per the prescribed limits. This allows them to lower their tax burden and thus increase their disposable income. So, if your income falls under the taxable slabs, and you are considering buying a house on…
Long-term investing means keeping money in various assets for more than a year. Depending on one’s goals, it can be up to three, five, ten years, or even longer. These assets include mutual funds, shares, and debt securities like commercial papers, debentures, etc. Commonly long-term mutual funds investment is recommended because it allows investments to…
You can either buy a luxury car or raise a child. That might sound heartless because raising a child is far more challenging, transformational and rewarding than buying a car. However, to reap those emotional returns, managing expenses and having a financial plan are important from the time your child is conceived until she is…
Saving tips are an important step on the way to achieving your goals. Some people may be lucky enough to have a monthly salary that is enough to cover their responsibilities as well as their goals and aspirations, but most people have to give up their goals and aspirations because their income isn’t enough to…
Investing and saving money can be difficult, but it doesn’t have to be. With the right strategies and tools, anyone can achieve their financial goals. In this article, we’ll discuss some of the most valuable tricks to invest and save your money. 1. Start Early The earlier you start investing and saving, the more time…
A well-made investment can become the currency of the future. In this hectic lifestyle, the cost of living is rising at a rapid rate, and one must meticulously plan savings in such a way that it delivers satisfactory returns while preserving the capital. Even for those who don’t understand the complexities of finance, there are…
Do you live from paycheck to paycheck? Does it feel like no matter how hard you try, you never seem to be able to catch up with your financial obligations? It’s an all-too-common story, but there’s good news: You can break the cycle with some “money-saving” habits—and no, it doesn’t involve getting a six-figure income.…
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