Personal finance News

12 Aug 2022, 12:13

Investing in the times of uncertainty

Over the past one year, several global factors, including geopolitical unrest and spiralling inflation across developed markets that led to sharp rate hikes by global central banks, have had an impact on Indian equity market sentiment. In spite of this, it is undeniable that the Indian economy is in a better position fundamentally and is more likely to grow steadily in the long run.

09 Aug 2022, 21:26

Bonds can be taxable or tax-free — here's your guide to the different types and calculating what's due on them

Bonds are divided into two classes: taxable and tax-exempt. While their capital gains are always taxable, the interest they earn may not be.

03 Aug 2022, 02:33

The first thing 14 lottery winners have bought after finding out they were rich

One man, not pictured, directed $1 million of his winnings toward 420 Day, an annual event supporting marijuana legalization.Thomson Reuters.

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01 Aug 2022, 17:44

Missed filing your tax returns? Here’s what you pay in late fee & penalties

Taxpayers in India were required to file their income tax returns (ITRs) for the financial year 2021-2022 (assessment year o...

28 Jul 2022, 20:25

To survive inflation, think about it like the weather

In the latest issue of Personal Finance Insider: We talked to a social worker and financial therapist about anticipatory anxiety — and how to deal.

28 Jul 2022, 16:44

41% income taxpayers yet to file IT return, 10% facing tech glitches

As the deadline to file Income tax returns inches closer, 41 per cent of Indians who qualify to file the return are yet to file their papers for FY 2021-22, 22 per cent say it is difficult to file it by the July 31 deadline, and about 10 per cent were facing technical glitches, a new report showed on Thursday.

25 Jul 2022, 18:22

Axis Bank beats street estimates on net profit, business growth disappoints

Axis Bank, the third largest private sector bank, on Monday reported a net profit of Rs 4,125 crore in the opening quarter of FY23, a jump of 91% annually but remained flat sequentially. While the bank has beaten Street’s estimates, its business growth momentum has come in lower than its peers.

24 Jul 2022, 10:00

How to calculate income tax on stock market earnings

Incomes of all kinds are taxable. While a few financially sound people understand the tax calculation on income from salary, rents and businesses, taxes on stock market income calculation is a tad more complicated.

23 Jul 2022, 10:00

How to file income tax return online for salaried employees 2022-2023

If you are new to filing income tax returns online, you must know that it is a very easy process. Visiting the official website of the Income Tax Department, you will find can’t be more user-friendly than how it is. Here in this article, you will learn how to file I|T returns in a few simple steps.

12 Jul 2022, 15:00

Here’s why lower unit price of a mutual fund doesn't mean higher returns

Generally investors tend to think mutual fund schemes with low net asset value (NAV) are more attractive and may give higher...

06 Jul 2022, 16:46

Founder Finances: A comprehensive guide to creating a budget for your business

Business owners from a wide array of industries share the exact budgets that lead to business growth and their advice for financial planning.

06 Jul 2022, 09:32

One in two Indians face extortion and data misuse thanks to instant loan apps

More than one in two Indian consumers who use instant loan apps are facing very high interest charges, extortion and data misuse, as the Reserve Bank of India (RBI) takes a tough stand against unregistered digital loan lending apps, a new report showed on Tuesday.

23 Jun 2022, 12:09

A floating rate fixed deposit can be a good investment, for the next one year

The fact that the country’s central bank is expected to continue with interest rate hikes in the near term, the product rema...

17 Jun 2022, 02:50

The best debt consolidation loans right now

Debt consolidation loans are aimed at helping you lower your debt's interest rates and often make your debt payoff journey easier.

09 Jun 2022, 21:20

The pandemic upended my lazy retirement plans, and now I'm taking 4 steps to save for my new dream: owning a brewery

Before the pandemic, Stephanie Hallett thought she'd retire to a cottage and relax in her golden years. But now she's saving to open a brewery.

09 Jun 2022, 16:36

Here why it’s best to stay away from these loans than fall into debt trap

Taking a loan to boost your lifestyle with expensive gadgets, cars, traveling and eclectic goods have high chances of hurtin...

01 Jun 2022, 21:40

A financial planner says retirement isn't the only way to combat burnout — a sabbatical might be the answer

Taking an extended break from work — otherwise known as a sabbatical — can help combat burnout, says financial planner Chloe A. Moore.

31 May 2022, 17:49

8 things to consider while buying health insurance, after the pandemic

Policyholders are increasingly looking at health insurers for wellness benefits and wider coverage beyond in-patient hospitalization. In-order to cater to the growing needs of customers. Insurers are increasingly offering extra benefits either built-in or as optional riders and add-ons.