Personal Finance - Angel One - Page 136

April marks the beginning of the financial year in India, making it the perfect time to plan your taxes for FY26 (April 1, 2025 – March 31, 2026). Tax planning involves legally reducing your tax liability by using deductions, exemptions, and investment tools offered under the Income Tax Act. We discuss a few pointers that …

Building a significant investment corpus of ₹65 lakh within a relatively short span of 5 years may appear challenging at first glance. Shorter investment horizons typically involve higher risks and uncertainties. However, by adopting strategic planning, disciplined investing, and a well-diversified portfolio, investors can considerably enhance their prospects of meeting their financial goals. Importance of …

The Indian Government has announced a significant change in pension management for its employees. According to an official notification released on January 24, 2024, a new Unified Pension Scheme (UPS) will be implemented, effective from April 1, 2025. This scheme will be available to employees currently covered under the National Pension System (NPS), offering a …

Retirement age is a crucial aspect of government service, impacting employees across various sectors. The fundamental rules governing retirement and extension of service vary based on profession and specific departmental requirements. Below is an overview of the retirement age for different government employees and the circumstances under which service extensions are granted. Retirement Age in …

The Employees’ Provident Fund Organisation (EPFO) has expanded its banking partnerships by signing agreements with 15 additional public and private sector banks.  This strategic move is aimed at enhancing the efficiency of fund collection, streamlining employer payments, and improving overall service delivery. With this expansion, the total number of empanelled banks has now increased to …

Several important changes to Social Security will begin on April 14, 2025. This will impact millions of beneficiaries and new applicants. The updates are designed to enhance security and ensure fair distribution of benefits. These changes affect identity verification processes, payments for certain retirees, and more. What Is SSA Changing In April 2025? Starting April …

Are you relocating to a new city and considering purchasing a second home through a loan? If so, it is crucial to understand the tax benefits associated with multiple housing loans. Under the Indian Income Tax Act, certain deductions are available for home loan repayments, but the benefits vary depending on whether the property is …

The financial year (FY) in India begins on April 1 and ends on March 31. This means April marks the beginning of FY 2025-26, making it a crucial time to review investments and tax planning. Taking early action can help optimise savings and ensure compliance with new tax laws. Review New Tax Rules and Plan …

Paytm has introduced the Paytm Travel Pass, a subscription service designed to benefit frequent flyers and business travellers. Priced at ₹1,299, the pass offers a range of advantages including free cancellations, travel insurance, and seat discounts, with total savings of up to ₹15,200. The pass is valid for three months, making it ideal for multiple …

A new financial year has begun, and companies across various sectors will be implementing salary hikes to recognise employee contributions. While you celebrate this personal financial boost, you must also plan your finances strategically. In this article, we highlight how you can manage your salary hike effectively for a secure financial future Utilising Your Salary …