Page 230 - Personal Finance

Double boost for housing: Steady rates, indexation benefits drive optimism

RBI decided to keep repo rates unchanged at 6.5% for ninth consecutive time

RBI holds repo rate at 6.5%, home loan EMIs unchanged: What you must do now

The unchanged repo rate means there will be no immediate effect on home loan EMIs

RBI hikes UPI limit for tax payments to Rs 5 lakh per transaction

As direct and indirect tax payments are common, regular and high value, it has been decided to enhance the limit for tax payments through UPI from Rs lakh to Rs 5 lakh per transaction.

PAN-Aadhaar not linked: Higher TDS rates waived off for deceased taxpayers

Deductors, collectors won't face higher tax rates under sections 206AA and 206CC for transactions up to March 31, if the deductee or collectee died on or before May 31, 2024

Tax reckoner 2024-25: Snapshot of income tax rates specific to Mutual Funds

The withholding tax rate on mutual fund income for resident individuals has been set at 10%

RBI policy: Investors should opt for short to medium-term duration funds

Shah advised investors to maintain a duration-focused portfolio and exercise patience for further rate cuts, which are expected in the second half of the fiscal year.

FD rates in August 2024: These 20 banks offer 7.5 to 9% interest rates

Punjab National Bank's rates range from 3.5% to 7.25% for those under 60

Start, maintain Public Provident Fund account, even in new tax regime

Since PPF is a government-backed scheme, it offers full capital protection and guaranteed, risk-free return

Foreigners with e-visa can now enter India via Port Blair seaport

An e-visa is an electronic visa that simplifies the visa application process, allowing travellers to apply online without visiting an embassy

Planning a home loan? A guide on choosing between fixed & floating rates

The choice between fixed and floating rates should align with individual financial situations, risk tolerance, and long-term goals

India's gold rules: Limits, taxes, and alternatives for smart investors

There is no direct tax applied at the time of purchasing gold. However, authorities capture the details of the gold purchase through the PAN information provided at the time of the transaction

Govt relaxes capital gains tax rules for property owners: Impact decoded

In a significant relief to property owners, the government has introduced a new option for calculating long-term capital gains (LTCG) tax.

DDA schemes offer 40,000 flats in Delhi as part of affordable housing

Agency announces three projects that will offer homes at a starting price of Rs 11.5 lakh

US to relax non-immigrant visa process for graduates with job offers

Under this new scheme, applicants who qualify will receive nonimmigrant US visas more quickly

IT freshers have highest salaries: Here's what you can earn across sectors

reshers in the IT sector have highest salaries ₹ 4.1 LPA to ₹ 7.5 LPA, indicating a strong demand and value placed on IT skills right from the entry-level.

LIC launches 4 new term new insurance plans 'catering to youngsters'

Plans have been designed for people who want to purchase insurance plans early in life, says company

Yen Carry Trade blowback explained: What investors in India should do now

This mass sell-off of yen-funded investments has triggered a sharp decline in global stock markets, with Japan's Nikkei index suffering the most significant losses.

Bangladesh crisis: Why do Indian students choose to study MBBS there?

Medical colleges in Bangladesh offer quality education at a fraction of the cost compared to Indian institutions

After Edelweiss, Motilal launches Business Cycle fund: Should you invest?

his fund aims to capitalize on the ups and downs of the economic cycle by investing in companies that are poised to benefit from different stages of the business cycle.

Lock into best fixed deposit rates for up to a three-year tenure

Senior citizens will receive an additional 50 basis points over these rates.