Money

Defaulting on your credit card payments not only results in penalties and late fees but also negatively affects your credit score, which plays a key role in determining your loan eligibility and interest rates. In light of this, it’s important to pay your bill on time to maintain your credit score. Credit card users usually

Income Tax regulations concerning properties acquired in the name of a spouse indicate that tax obligations arise when a property is sold at a profit or when it is leased to a tenant. To mitigate these tax responsibilities, many individuals opt to purchase real estate in their spouse’s name. However, this strategy does not yield

By Neeraj Agarwala A significant update from the Central Board of Direct Taxes (CBDT) could offer salaried employees a much-needed tax break on high-value purchases. The newly introduced Form 12BAA, in alignment with Union Budget 2024 guidelines, allows employees to offset Tax Collected at Source (TCS) and Tax Deducted at Source (TDS) on non-salary income

Flexi-cap funds offer a dynamic investment strategy by allocating money across large-, mid- and small-cap stocks based on prevailing market conditions. Investing in these funds through systematic investment plans (SIPs) will help balance risk and reward, making them well-suited for volatile markets. With mid- and small-cap valuations expensive, flexi-cap funds offer a balanced approach to

Systematic Investment Plan (SIP) is an investment tool through which you can invest a fixed amount in a scheme of mutual funds at regular intervals – monthly or quarterly, instead of paying a lump sum amount. The installment can be as low as Rs 500 per month, which is very similar to a recurring deposit.

Mutual fund schemes have become a straightforward and effective means of accumulating wealth over the long term. Among the various types of mutual fund schemes, including equity funds, debt funds and hybrid options, equity mutual funds are particularly well-suited for long-term financial objectives. As indicated by their name, equity funds primarily invest in equity assets

The Department of Pension and Pensioners’ Welfare (DoPPW) has issued important guidelines to ensure that government employees nearing retirement receive their pensions and gratuities without delay. According to the new instructions dated October 25, 2024, timely processing is essential, starting from the preparation of retirement lists to the issuance of the Pension Payment Order (PPO).

The Department of Pension and Pensioners’ Welfare (DoPPW) has announced a major update on the payment of arrears to central government pensioners. The department in a memorandum said that the payment of arrears for the Dearness Relief (DR) will not occur before the pension disbursement scheduled for October 2024. The Centre earlier this month announced