Personal finance News

According to the Knight Frank Wealth Report 2023, three Indian cities, namely Mumbai, Delhi and Bengaluru figure in the top 100 in the Prime Internat...

The highest number of personal loans are disbursed in less than ₹5,000 ticket size. Digital loan disbursements continue to rise - disbursement volumes grew by a whopping 153% over the last year. In consumer durable loans, loans of ticket sizes between ₹5,000- ₹10,000 witnessed the highest growth of 493% from April 2021 to April 2022.

Running a small business or a professional service can often involve a single person or a few people juggling many tasks. To allow them to focus on core business, there is a special provision of presumptive taxation in the Income Tax Act that simplifies the process of tax assessment. The presumptive taxation scheme allows you to pay tax based on your presumptive income. This makes filing income tax returns easier and allows small taxpayers under this scheme to pay taxes based on an estimated income instead of keeping a track of every single receipt and payment.

Finance Minister Nirmala Sitharaman, during the 2023-24 Budget, announced that the new tax regime had been made the default tax regime, with taxpayers having the option to opt for the old tax regime. Both tax regimes offer different benefits, and it is important to opt for the regime that offers the most benefit to you. Here’s how to use the income tax calculator to compare the tax liability in the old and new regimes.

10 good financial behaviours you should follow...

It seems like financial advice boils down to one word: save. I'm glad I ignored that advice and gave my husband a great birthday party.

The RBI has raised interest rates by 25 basis points to 6.5%, which will make home loan borrowers' EMIs more expensive. Home loan borrowers should plan in a structured manner so that their finances are not stretched.

The Finance Minister on Wednesday delivered a bonanza to the ‘hard working’ middle classes – with five announcements on the ...

Tax saved by individuals in higher income brackets will result in the amount getting channelised into both consumption and savings, thereby boosting overall growth in the economy. A salaried person with an income of ₹15.5 lakh or more will stand to benefit by ₹52,500 under the new tax regime. New tax regime to be the default tax regime to encourage its adoption.

We use a variety of tools and lessons from experts to make sure my 3-year-old understands the money he's getting at a young age.

My bonus was sometimes enough to effectively double my annual salary, but when it vanished without warning, I realized it wasn't an act of generosity.

Companies have all sorts of tricks to make you spend money on things you don't need, but you can avoid falling prey by learning how they do it.

By shopping online and using shopping portals, you can rack up rewards that can be used for gift cards and airline miles.

Nine out of ten Indian super-rich got richer in 2022, even in a year which saw interest rate hikes, a war and rising inflati...

Career coach Ashley Morgan says waiting for annual reviews to ask for a raise is a mistake. Ask early and often, and bring data to show your value.

Experts reveal how to care for cats, dogs, and other animals without breaking the bank, from shopping around for food and medication to DIY treats.

Amid all the uncertainties revolving around central banks fighting elevated inflation by rising interest rates and recession fears, experts see deman...

In a highly dynamic world, the conventional diversification strategy adopted by an investor, like buying different sector stocks, perking up debt all...

Personal finance podcaster Ramit Sethi shares three steps couples can take to change how they discuss money and make planning for a recession easier.

Borrowers have not had to pay bigger EMIs thanks to extended loan tenor until now, but that may change. If borrowers push fo...

A credit score is an important metric that helps in getting loans and credit cards. A credit score indicates the creditworthiness of an individual to lenders and potential employers. Here are the factors that affect your credit score and how you find your credit score for free. A credit score is important when applying for a loan or credit card. Employers also often consider it to check the financial stability of existing and prospective employees.

It can be very difficult to limit spending in the holiday season. Four personal finance experts reveal how keep it in check as a recession looms.