Average balance per account witnessed quarterly growth of 0.8% and grew 5.2% Y-oY as of December 22, 2023. The top 10 states constituted 84.6% of the gross loan portfolio as of December 2022. Portfolios of ticket size ?50,000-?75,000 witnessed Y-o-Y growth of 45%.

Here are the top ten big income tax rule changes that will come into effect from April 1, 2023....

In the last six months, 12 new funds have been launched in thematic schemes category with multinational companies (MNC) fund...

You can go to the Income Tax India website and link your PAN with Aadhaar by paying a late fee of ?1,000. The site to link PAN and Aadhaar has crashed and is currently not functioning. The deadline to link PAN and Aadhaar is likely to be extended by a few months.

The finance bill has brought the debt repayment component of distribution income by REITs and InvITs under tax. However, onl...

Some financial firms are setting up mentorship programs, recruiting at business schools, and committing publicly to promoting more women at the top.

On Monday, gold breached levels of ?60,000 for 10 gms. In the international markets too, it crossed the $2,000 mark per ounce. However, prices have edged lower today, as investors focus on the Federal Reserve’s meeting. It is expected that the Fed could slow down the monetary tightening process, given the crisis in the banking sector.

Although I'm very privileged to be financially secure today, I still deal with a lot of anxiety when it comes to spending money, especially on myself.

The 10 investments tracked by Knight Frank Luxury Investment Index 2022 shows that art was the top performer. Watches, classic cars and even collecti...

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.