Personal Finance

To improve my financial situation, I asked ChatGPT for guidance on better money management. In response, it suggested creating a clear monthly budget, reducing unnecessary expenses, and prioritising savings.

Both regimes are designed differently to suit varying income levels, investment patterns and financial planning needs and should be opted after understanding your deductions and expenses.

E-PRAAPTI will allow users to log in using Aadhaar authentication and search for inactive accounts through old PF member IDs

With the latest revision, MCLR rates of HDFC Bank range from 8.05% to 8.6%, based on the tenure of the loan.

Even a modest SIP of Rs 2,000 invested consistently over many years can grow into a meaningful retirement corpus due to the magic of compounding effect.

Investors are not just limiting their exposure to domestic mutual funds but also considering international mutual funds to benefit from geographical diversification.

Eligible senior citizens in India may get income tax return filing exemptions based on age and income, but rules need to be followed. Here's an explanation of what the law states and how they can avoid the paperwork to file ITR.

The circular states that employees who had withdrawn money earlier from their NPS corpus will have to repay the amount with 10% interest. Failing this, their pension benefits under the revised scheme will be reduced proportionately.

TDS on rent applies when payments exceed Rs 50,000 a month or Rs 6 lakh annually, with rates and rules varying based on asset type and taxpayer category.

The Rs 10,000 SIP approximately doubles the corpus at every stage because both your principal and the returns on that larger principal compound over time.

Designating nominees ensures that your dependents can access the accumulated corpus and interest in your PF account, as well as any insurance cover linked to it.

With disciplined spending and consistent saving, it is possible to build a Rs 10-lakh corpus and an emergency fund with a salary of Rs 50,000

According to government data, over 8.4 lakh electric vehicles were registered in 2023 alone, and the number is expected to grow.

Mutual funds offer higher growth potential, while FDs provide guaranteed returns and gold acts as a hedge against inflation. Investors must assess their financial goals and risk appetite before making a decision

As temperatures rise across India, cases of dehydration, heat exhaustion and infections are on the rise, but insurance cover for heat-related illnesses is often limited.

Complimentary flight tickets to premium hotel stays, these travel credit cards are designed to turn your vacation into an unforgettable luxury experience.

A step-up SIP lets investors automatically increase their SIP amount at regular intervals, such as every 6 or 12 months.

Over 15 years, Rs 5 lakh lump sum builds far more wealth than a Rs 3,000 SIP.

The hike is likely to provide limited but welcome relief amid rising living costs.

For those opting for the old regime, Section 80C remains one of the most widely used provisions for tax savings, allowing deductions up to Rs 1.5 lakh on certain investments.