Salary is taxable on a ‘due’ or ‘receipt’ basis, whichever is earlier. As you have retired in February 2024, the leave encashment became due to you in February 2024 itself. While section 10(10AA) of the Income Tax Act, 1961, provides an exemption for ‘payment’ towards leave encashment received, one would need to read the exemption … Read more
On Wall Street in the week ahead, investors will have a plenty of economic data to look forward to, with the spotlight on the jobs market data and the manufacturing PMI report. As this month the US Federal Reserve’s monetary policy meeting is slated to be held, the non-farm payrolls data for August can provide … Read more
About 4.2 million of WazirX’s 16 million users were struck by a massive hack of the cryptocurrency exchange on 18 July that wiped off 40-50% of their crypto balances. Most of those affected users were Indians. But in the month and half since the $230-million hack there has not been any legal or regulatory action … Read more
The bullion has experienced a decline every September since 2017, with an average drop of 3.2 per cent during this month—making it the worst-performing month of the year, significantly underperforming the monthly average gain of 1 per cent, according to reports. Gold’s recent gains have been fueled by expectations that the Federal Reserve will begin … Read more
As September 2024 unfolds, several key developments are poised to impact personal finances, with changes ranging from LPG cylinder costs to new credit card regulations. Staying updated on these shifts can help you manage your budget more effectively and steer clear of unexpected financial challenges. Here’s a look at the top five changes you should … Read more
Gold And Silver Prices Today: Gold prices saw a slight increase on Sunday. The cost of 24 carat gold is Rs.7390.1 per gm up by Rs.720.0. The cost of 22 carat gold is Rs.6769.4 per gm up by Rs.659.0.The price change in 24 carat gold in the last one week has been -1.96%, whereas in … Read more
One of the biggest challenges of international travel is the additional cost of foreign exchange (forex) markups. Whether you swipe a debit or credit card, you pay an extra 1.5-4% charge on every transaction. Even purchasing foreign currency in cash incurs a fee, not to mention the inconvenience of carrying large amounts of cash. When … Read more