A Systematic Withdrawal Plan (SWP) allows investors to withdraw a fixed amount from their mutual fund investment at regular intervals, most commonly monthly. It is especially beneficial during retirement, offering a reliable income stream without depleting the entire corpus at once. Unlike traditional income options, SWPs provide both stability and the potential for continued capital …
As the deadline for Income Tax Return (ITR) filing for FY 2024–25 approaches, many salaried individuals, especially government employees, are seeking clarity on how various salary components impact their tax liability. One such key component is Dearness Allowance (DA), a cost-of-living adjustment designed to counteract inflation. But is DA taxable, and how should it be …
Gold prices in Dubai fluctuate daily, impacted by global market trends, currency exchange rates, and investor sentiment. For gold enthusiasts, investors, or tourists looking to buy, it’s important to monitor the current rates to make informed decisions. Here’s the latest update on the gold prices in Dubai as of May 8, 2025. Dubai Gold Rate …
The Employees’ Provident Fund Organisation (EPFO) is planning to fast-track the process of giving pensions based on higher wages. This move comes after a Supreme Court directive and aims to benefit lakhs of retired employees who have applied for a higher pension under the EPF scheme. Dedicated Regional Offices and Extra Support To speed up …
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 …
