With the announcement of the 8th Pay Commission, discussions have intensified around the fitment factor, an important component that will determine the revised salaries and pensions of central government employees and pensioners. According to various reports, the fitment factor could range between 1.92 and 2.86, as per news reports. This multiplier is key to calculating …
If you’ve ever found yourself at the crossroads of choosing between a Mutual Fund SIP and a Public Provident Fund (PPF) to invest your hard-earned money, you’re not alone. It’s a common question for every retail investor who want to build wealth while keeping risk in check. In order to check, which is better, let’s …
If you’re paying rent of over ₹50,000 per month, you’re not just a tenant anymore. Under Indian tax law, you also become a tax deductor. This rule applies whether you’re a salaried individual, a freelancer, or self-employed individual. This rule is appliable irrespective of whether you follow the old or new income tax regime. TDS on …
For many salaried employees, the Employee Provident Fund (EPF) feels like a financial safety net. Managed by the Employees’ Provident Fund Organization (EPFO), it grows steadily through monthly contributions from both the employee and the employer. However, when some employees go to withdraw their EPF, they get less money than expected. Here’s why that happens …
The Income Tax Return (ITR) filing for the financial year 2024-25 is expected to start soon, once the Income Tax Department releases the relevant forms and utilities on its e-filing portal. Many salaried individuals are eagerly awaiting this to claim timely refunds. Why Your Refund Might Be Withheld or Reduced This year, taxpayers might notice …
When you take a home renovation loan, the choice of your tenure can substantially impact your finances in the long-run. In this article, we will explore the implications of taking a ₹15,00,000 loan for 8 years versus 12 years at an interest rate of 11%. Pros and Cons of Choosing the 8-Year Tenure In the 8-year …
The State Bank of India (SBI) has revised its special FD scheme, ‘Amrit Vrishti’. The new changes will be effective from 15th April 2025. The scheme was initially launched in July 2024 and concluded on 31st March 2025 after multiple extensions. However, it is now back with a revised interest structure. The new scheme aims to promote deposit mobilisation …
The Ayushman Vaya Vandana Yojana is an innovative initiative under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PMJAY). This program aims to provide free healthcare services to senior citizens aged 70 and above, addressing their specific medical needs with a focus on affordability and accessibility. What is Ayushman Vaya Vandana? Ayushman Vaya Vandana …
Gold prices in Dubai change daily, influenced by global market trends, geopolitical developments, and currency fluctuations. Whether you’re looking to invest, buy jewellery, or simply stay updated, tracking these price movements can help you make smarter financial decisions. Here’s a look at today’s gold prices in Dubai. Dubai Gold Rate Comparison: Today vs. Previous …
As more Indians become financially aware, knowing what makes a good credit score is now more important than ever. Your credit score is a three-digit number between 300 and 900 that shows how trustworthy you are with credit. Banks and lenders use it to decide if they can approve your loan or credit card, and …
