Income tax is a crucial aspect of personal finance in India. As the financial year 2024 approaches, it’s essential to understand the latest income tax rules and regulations to ensure compliance and maximize your tax savings. Understanding Income Tax Slabs: The Indian government has introduced new income tax slabs for 2024. The tax slabs are … Read more
Life Insurance Corporation (LIC) regularly introduces new insurance plans. Most recently, the company launched new policies that provide death benefits to the family upon the policyholder’s passing. Nowadays, people take out loans for various needs, such as home Loans, Education Loans, Vehicle Loans, etc. If something suddenly happens to the borrower, the family members become … Read more
Unlock the mystery behind the 16-digit credit card number and discover the secrets of CVV numbers and expiration dates. Learn how these elements protect you and enhance security. The use of credit cards has increased greatly in recent times. Many people are now using credit cards, even in rural areas. However, many people don’t know what … Read more
The government has announced a significant employee benefit, providing insurance coverage from Rs. 10 lakh to Rs. 1 crore without any premium cost. The Assam Chief Minister, Himanta Biswa Sharma, revealed a comprehensive insurance policy for state government employees. The scheme offers life and accidental insurance coverage without any premium cost, aiming to enhance the … Read more
The use of credit cards has increased tremendously nowadays. Banks, which once considered many factors for granting credit cards, are now offering credit cards easily in the face of increased competition. Private banks especially offer credit cards with various offers. Due to this, the number of people using credit cards beyond the requirements is also … Read more
Compensation within 15 days: IRDAI has updated life insurance norms. If the life insurance policyholder dies without investigation, the insurance company must pay the compensation within 15 days of receiving the claim application. The Insurance Regulatory and Development Authority of India (IRDAI) has specified that an investigation should be completed within 45 days if required. … Read more
The way people take out loans has evolved. Loans are now available for various purposes, making it easier to access funding. Previously, individuals had to visit multiple banks to secure a home loan. However, banks have recognized the demand for home loans and streamlined the process. With the growing number of people seeking car loans, … Read more
When filing income tax, employees paying house rent must take several precautions. Making house rent payments partially in cash and partially online can lead to issues. In such cases, the house owner might not provide a rent receipt or may not declare the rent payment in their income tax returns to avoid taxes. This could … Read more
Avoiding Major Money Mistakes: Many of us have desires that exceed our incomes. We may want to wear a new outfit every day, drive our dream car, and move into a luxurious house with all the amenities. As our income grows, we often seek to change our lifestyle completely. For example, those who used to … Read more
Many people are fond of gold, especially women, who like jewelry not only as an investment but also for its aesthetic value. In 2004, 10 grams of 24-carat gold was Rs. 4,110. By 2024, it had reached Rs. 75,000; experts estimate it may soon reach Rs. 1 lakh. The demand for gold has increased, making … Read more