One of the government’s objectives is to provide social security benefits to citizens. In Budget 2024, the Finance Minister made two announcements towards this objective. These include proposals to raise the limit for employer contribution towards employee’s NPS to 14% from the earlier 10%, and the introduction of NPS Vatsalya for minors. Let us understand … Read more
As the season of bonuses arrives for many working professionals, deciding the most effective way to utilize this annual financial boost can significantly influence one’s fiscal health. From eliminating high-cost debts to investing in personal growth, experts provide a roadmap for converting these lump sum windfalls into lasting financial benefits. View Full Image (Graphics: Mint) … Read more
Selecting the incorrect form: One of the most common mistakes people make is choosing the incorrect form to file their taxes. Each form is tailored to a certain sort of income and taxpayer profile, and using the incorrect form might result in mistakes and processing delays. CA expert advises taxpayers to thoroughly analyse the qualifying … Read more
The early bird gets the worm The decision to prepay your home loan isn’t just about having surplus cash; it’s about timing. Making additional payments towards your home loan in the initial years can significantly impact the interest you pay over the loan’s life. For instance, Ankush, who took a ₹50 lakh home loan at … Read more