According to RBI data from June 28, deposits grew by 11.1% on a year-on-year basis, while loan growth stood at 17.4%. RBI Governor Shaktikanta Das has
Tax planning at the beginning of the year help in saving taxes and lead to higher income
NCDs carry a higher risk than fixed deposits. Therefore, before investing, do check the post-tax return and their credit ratings.
Contingency planning is the basic and the very first step to financial planning.
If there are discrepancies in the income tax return, the income tax department may issue a demand notice
It is essential to know the key components that we need to focus for financial well-being
For the purpose of income tax, the tax authorities look at the share of each spouse as different assessees
For the new generation of millennial investors, the DIY (do it yourself) movement is gaining traction, primarily through online apps
If a particular investment is really not attractive then looking purely at the tax outgo will not help, says an expert
Tax-savings should be viewed as an additional advantage that we receive from the financial products we invest in