Budget 2024 Increases Capital Gains Tax: Here’s What You Need to Know
Posted on Monday, July 29th, 2024 |

Long-Term Capital Gains (LTCG) and Short-Term Capital Gains (STCG) are terms used to describe the profits earned from the sale of assets, such as equities, properties, or other investments. The classification into LTCG vs STCG depends on the holding period of the assets. For equities, if you hold an asset for over a year, the…
Read more6 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 instrument for Indian bank account holders. They can act as emergency funds for unplanned moments of unemployment, vacations, or high medical expenses. Typically, the money you invest is returned to you with a predetermined interest percentage after some time. Investors may compromise on the interest rate bonus in an…
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