The judiciary in India holds a vital position in ensuring justice, maintaining constitutional balance, and safeguarding the rule of law. Among various aspects of judicial service, the retirement age of judges is a significant parameter, influencing judicial continuity, experience retention, and institutional efficiency. Under the Central Government framework, the retirement age for judges varies depending …
The SIP rule of 7–14–21 is a simplified representation of a systematic investment plan (SIP) that demonstrates the power of compounding over time. It refers to investing ₹7,000 every month for 21 years, assuming an expected annual return of 14%. The outcome? A potential corpus exceeding ₹1 crore. This rule is not a prediction but …
Paying monthly rent over ₹50,000 often triggers questions about tax compliance. One such query is whether Tax Deducted at Source (TDS) needs to be deposited every month. Fortunately, Section 194-IB of the Income Tax Act, 1961, simplifies this process for individuals and Hindu Undivided Families (HUFs) who are not liable to tax audit. Under this …
When you’re offered a ₹8 lakh per annum CTC, it doesn’t mean you’ll receive that amount in cash. Your actual take-home depends on how your salary is structured—especially basic pay, allowances, and deductions like EPF and tax. Let’s walk through the breakdown. Components of ₹8 LPA CTC Your CTC (Cost to Company) includes various parts: …
Planning to buy a car and thinking of financing it with a loan? Understanding how much you’ll pay in Equated Monthly Installments (EMIs) can help you plan better. In this article, we’ll break down the EMI and total interest cost for car loans of ₹5 lakh, ₹7 lakh, and ₹10 lakh at a 10% annual …
Gold prices in Dubai shift daily based on international trends, currency exchange fluctuations, and market sentiment. For investors, tourists, or jewellery buyers, keeping track of these prices is essential. Here’s a snapshot of the latest rates in AED and INR. Dubai Gold Rate Comparison: Today vs. Previous Session Below are the gold prices in Dubai …
The 4% rule is a retirement planning guideline that suggests: You can safely withdraw 4% of your retirement corpus annually (adjusted for inflation each year) to ensure that your money lasts. It originated from a 1994 study by William Bengen, a U.S. financial planner, based on historical data of U.S. stock and bond returns. The …
Travel is no longer considered a luxury, it’s a lifestyle goal. Whether you’re planning a relaxing vacation, an adventurous trip, or a family getaway, expenses can add up quickly. If you are planning to get a personal loan to cover your travel expenses, then you must be aware of the monthly EMIs. In this article, …
In an era where financial security is becoming increasingly important, government-backed investment schemes provide a safe and dependable way to grow wealth, save for retirement, or secure your family’s future. These schemes are not only backed by the Government of India but also offer attractive interest rates, tax benefits, and long-term financial advantages. Whether you’re …
As the time to file Income Tax Returns (ITR) for Financial Year 2024-25 begins, it’s important for taxpayers to understand certain key sections of the Income Tax Act, 1961. These sections help individuals calculate their taxes correctly, make use of deductions, and select the right tax regime. The Income Tax Department has already released the …
