The Union Budget 2023 is round the corner. Are you ready with your wish list? What do you want from this budget? Lower taxes? Higher tax deductions? Additional tax exemptions? The Budget announcements may not meet all your demands/wishes since the Government must strike the right balance between populism, targeted incentives, and tax collections. Still,… Continue Reading
You need Rs 5 lacs to fund an important event in your family. You have 2 options. Sell your debt funds (you had built up an emergency fund using debt funds for such situations only) Take a personal loan Selling your debt funds seems a superior decision over taking a personal loan. Why? Because the… Continue Reading
The Finance Minister presented the Union Budget 2021 on February 1, 2021. Here are the key highlights. Tax Slabs Remain Unchanged No changes have been made to the existing income tax slabs. Interest on EPF Becomes Taxable If you contribute more than Rs 2.5 lacs to your EPF account every year, the interest earned on… Continue Reading
Editor’s Note: In a recent podcast, CIEL’s Uma Shashikant suggests that ‘Time Value of Money’ is the only concept that average person needs to know in personal finance. Deepesh Raghaw attempts to explain this concept to our readers in this article. What would you prefer? Receive Rs 100 today or receive Rs 100 after 1… Continue Reading
The Budget 2018 was presented on February 1, 2018. The Finance Minister did not propose any changes to the income tax slabs and tax rates. However, much needed relief was granted to senior citizen tax-payers. There were a slew of other relief measures for senior citizens. However, the biggest setback has come to equity investors, where the… Continue Reading