The Reserve Bank of India (RBI) has already announced its latest monetary policy and State Bank of India (SBI) has cut lending rates once again, enabling considerably affordable home loans for customers. State Bank of India (SBI) has also lowered its FD (fixed deposit) interest rates in turn. The bank has also confirmed a reduction […]
Financial Planning & Advisory
Deposit insurance at banks to be increased to Rs. 5 lakh in major confidence booster
Have you ever imagined a situation where your trusted bank suddenly fails and all your money is gone? While this is the worst nightmare coming true for almost each and every individual on the planet, things are certainly better placed in India at the moment. Deposit insurance in case of failure of a bank was […]
The old and new taxation systems explained- Which one should you choose?
The Union Budget 2020-21 saw a major announcement by the Central Government with regard to the taxation system for individual taxpayers. Now, there is an old regime and new regime in place, any of which can be chosen by taxpayers while filing their returns. Which one should you pick? Here’s shedding some light on the […]
Added tax benefits on home loan interest extended in Union Budget 2020-21
The Central Government has already given a major fillip to the housing sector throughout the last few years by focusing on affordable housing. In fact, affordable housing has proved to be a major savior for Indian real estate along with mid-income housing which is also drawing the attention of prospective buyers. In this regard, efforts […]
Will the upcoming Budget usher in personal income tax changes? Here’s looking at major expectations
A number of proposals have been received by the finance minister and many proposals have been received with multifarious suggestions. Some experts have suggested not messing with the personal tax rates while others preferred that the personal tax rates be reduced and brought in line with the corporate tax rate. Expectations on corporate taxes were […]
