Personal Finance - Angel One - Page 138

India has reached a significant milestone in its economic growth, with total gross foreign direct investment (FDI) inflows surpassing $1 trillion since April 2000. This achievement was driven by a nearly 26% increase in FDI, reaching $42.1 billion in the first half of FY 2025. As per news reports, the Reserve Bank of India (RBI) …

Investment in gold has been remarkable for investors in FY 2024-2025. As per the date available on MCX, Indian spot gold prices rose ~32% in FY25, outperforming the Nifty 50 equity index, which soared just over 5%. On March 28, 2024, gold prices were around ₹67,000 per 10 grams, but they have since surged to …

On Friday, March 28, the Union Cabinet, led by Prime Minister Narendra Modi, approved an additional installment of dearness allowance (DA) for central government employees and dearness relief (DR) for pensioners, effective January 1, 2025. This decision is expected to benefit 1.15 crore central government employees and pensioners. Ashwini Vaishnaw, the Minister of Information and …

Launched on April 1, 2023, the Mahila Samman Savings Scheme (MSSS) is a government-supported small savings initiative aimed specifically at women and girls. MSSS offers a fixed 2-year tenure. The scheme was introduced to strengthen financial inclusion and encourage women to securely save and grow their wealth. The deadline for investing in the Mahila Samman …

You’re a team leader working in a bustling metro city in India. Thanks to your stellar performance, you’ve just received a ₹10 lakh gratuity or bonus. But that’s not the only way a person may receive a lump sum. It could also come from a life insurance maturity payout, an inheritance, withdrawal of your provident …

The Indian government has introduced several financial schemes aimed at empowering women by enhancing their savings and financial security. The Mahila Samman Savings Certificate and the Mukhyamantri Maiya Samman Yojana are two financial schemes designed to empower women financially.  While the Mahila Samman Savings Certificate is a central government savings initiative, Mukhyamantri Maiya Samman Yojana …

Among the various initiatives aimed at enhancing women’s financial security and independence, two well-known schemes stand out—the Mahila Samman Savings Certificate (MSSC) and the Mahila Samriddhi Yojana (MSY). With the introduction of new and upcoming government schemes for women, it’s natural to feel a bit overwhelmed when trying to understand the different benefits each one …

Accumulating a substantial amount like ₹75 lakhs is a major achievement in building wealth. While various strategies exist, a Systematic Investment Plan (SIP) is often highlighted as a highly effective and structured approach. SIPs not only facilitate regular savings but also enable your money to grow considerably over time. This article will explore the likelihood …

Many salaried employees in India live in housing societies where they pay rent to their landlords and an additional maintenance fee to the society. A common question that arises is whether these maintenance charges qualify for tax exemption under the House Rent Allowance (HRA) provisions. Let’s break down the details in a simple and engaging …

The Income Tax Department has recently issued notices to several taxpayers across India who have been paying rent of ₹50,000 or more per month but failed to deduct Tax Deducted at Source (TDS). This move is aimed at ensuring compliance with tax laws and preventing revenue leakage. If you are a tenant paying such a …