Personal Finance - Angel One - Page 140

When considering a job offer, salary is one of the most important factors. However, the salary mentioned in your offer letter is typically given as Cost to Company (CTC), which differs from the actual in-hand salary you receive every month. This is because CTC includes various components such as basic salary, allowances, performance incentives, and …

Taxpayers need to be aware of important upcoming deadlines before March 31, 2025. These relate to income tax filings and investments. Missing these deadlines can have adverse financial implications. Tax Deadline 1: Filing Updated Income Tax Return (ITR-U) Taxpayers must file their updated ITR for FY 2022-23. The assessment year is 2023-24. The deadline is …

In India, turning 25 is more than just another birthday — it’s a turning point.  While career progression and lifestyle goals take centre stage, there’s one critical aspect that often gets sidelined — building a strong financial foundation. At 25, you’re at a sweet spot: you’ve likely started earning, and time is still on your …

Here’s a detailed look at the scenario and key aspects of a loan against LIC policy, including eligibility, loan amount, interest rates, repayment tenure, and how you can apply. Loan Against LIC Policy with a Yearly Premium of ₹50,000 and 15-Year Policy Duration Consider the following: Policyholder: Rahul Sharma Policy: LIC Endowment Policy Premium: ₹50,000 …

If you’ve noticed ITC Hotels shares in your portfolio and wondered how they got there, it’s due to the recent demerger of ITC Ltd.’s hotel business into a separate entity, ITC Hotels (ITCHL). As part of this demerger, ITC shareholders received ITC Hotels shares in their demat accounts at a 10:1 ratio, meaning one ITC …

The Bharat Interface for Money (BHIM) app has been a key player in India’s digital payment revolution since its launch in 2016. Now, NPCI BHIM Services (NBSL), a subsidiary of NPCI, has introduced BHIM-UPI 3.0, a major upgrade aimed at improving accessibility, financial management, and merchant transactions. With new user-friendly features and enhanced security, this …

The Employees’ Provident Fund Organisation (EPFO) is set to revolutionise claim processing by integrating Unified Payments Interface (UPI), a move aimed at improving efficiency and reducing transaction time.  According to news reports, the Labour and Employment Secretary Sumita Dawra stated that this new feature will allow EPFO members to withdraw their provident fund (PF) seamlessly …

Donations to the Ayodhya Ram Mandir may qualify for income tax deduction. This is under the old I-T regime. Individuals using the old tax regime can claim up to 50% deduction under Section 80G. This applies when donating to the Shri Ram Janmabhoomi Teerth Kshetra. Cash contributions cannot exceed ₹2000. Donations in kind are not …

As the financial year 2024-25 nears its end, taxpayers need to prepare to file their income tax returns (ITR) for the Assessment Year 2025-26. The process will begin on April 1, 2025, and can be done online or offline. The Income Tax Department updates forms and tools every year to make the process smooth and …

In the journey of wealth creation, reaching your first crore is a significant milestone. While there are several ways to grow your wealth, one of the most effective and disciplined methods is through a Systematic Investment Plan (SIP). Not only does it allow you to save regularly, but it also helps your money grow at …