Income tax slabs in India for fy 2023-24
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Tuesday, January 31, 2023
Expectations from Budget 2023: Will salaried individuals get income tax relief this year?
Today, February 1, is the day when Finance Minister Nirmala Sitharaman will announce the budget proposals for the financial year 2023-24 (starting from April 1, 2023). Like every budget, there is a hope that there will be income tax changes that will be beneficial to the salaried individuals. Will their wish get fulfilled this year.
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Eco Survey shows jump of 26% in direct income: Does this signal tax relief in budget 2023?
The Economic Survey 2023 says that the direct taxes have registered a growth of 26% year on year basis. The growth has been observed via corporate taxes and personal incomes taxes. This gives fiscal leeway to the government. Does this mean individuals can expect income tax reliefs in Budget 2023?
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from Personal Finance News-Wealth-Economic Times https://ift.tt/MCs0oRn
How Aadhaar is helping individuals receive money from govt as per Economic Survey 2023
Economic Survey 2023: 11.3 cr farmers covered under PM Kisan, Rs 2 lakh cr disbursed; how to apply
Further, income support to farmers through the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) and the promotion of allied activities has led to diversification in sources of farmers’ income, improving their resilience to weather shocks
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Monday, January 30, 2023
National Savings Certificate: What will be interest on NSC purchased on or after 1st day of January, 2023
Budget 2023: If income tax relief is given in new tax regime, what happens to the old one?
Tomorrow, on February 1, 2023, Budget will be presented by the Finance Minister Nirmala Sitharaman for upcoming financial year 2023-24. There are media reports that the government may make some changes in new tax regime to make it more attractive for the individual taxpayers. However, if changes are announced in the new tax regime, then what will happen to the old tax regime.
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from Personal Finance News-Wealth-Economic Times https://ift.tt/iaGTNLz
SBI home loan borrowers can avail concession up to 30-40 bps till this date
5 NBFCs offering more than 8% FD interest rate for senior citizens
You don’t need debit card to activate UPI: Here’s how to activate UPI using Aadhaar
Sunday, January 29, 2023
Karur Vysya Bank revises savings account interest rates; earn up to 5.25%
Holidaying in Jharkhand: Where to go, where to stay, total cost
If, instead of foreign holidays, you prefer to travel within India, here’s a new series to help you plan the best vacations in each of the 28 states and 8 Union Territories. We highlight tourist attractions, culinary choices, modes of travel and the costs involved. In the tenth part of the series, ET Wealth takes you to Jharkhand.
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from Personal Finance News-Wealth-Economic Times https://ift.tt/J75NwCT
Value theme has made strong comeback over the past two years. Has your value mutual fund delivered outsized returns?
Saturday, January 28, 2023
Home loan, FD interest certificate to Form 16A: Download these 8 SBI e-certificates online
Kisan Vikas Patra: What will be the premature value of KVP account opened on or after 1st day of January, 2023
Friday, January 27, 2023
Sovereign Gold Bond premature redemption: Check details of SGB 2016-17 Series I due date, price, tax applicability
How HDFC Life policyholders can pay premiums via UPI 123PAY
How to activate a dormant, inactive NRI account
PM Kisan 13 Instalment: How to do OTP based eKYC
NPS partial withdrawal: When you can apply, how to apply explained
Thursday, January 26, 2023
Latest life insurance claim settlement ratios of insurance companies in India
Claim settlement ratio is a percentage of claims that the insurer has paid out against the number of outstanding claims during a financial year. So if you are planning to buy a new life insurance policy or renew your existing one, along with checking the premium amount and coverage, you must check the claim settlement ratio of the insurer.
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from Personal Finance News-Wealth-Economic Times https://ift.tt/VjJRwdk
How to pay LIC premium using Google Pay
Budget 2023 should remove this anomaly to make claiming tax exemption on LTCG under section 54F easier
The current income tax provisions allow an individual taxpayers to claim exemption from having to pay capital gains tax from long term capital assets. However, there are certain challenges under section 54F of the Income-tax Act, that makes it difficult for individuals taxpayers to claim exemption. If these anomalies are removed or explicitly clarified then it will help individual taxpayers.
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from Personal Finance News-Wealth-Economic Times https://ift.tt/E4TWFJe
Wednesday, January 25, 2023
Bank holidays in February 2023: Banks to remain closed for 10 days, check state-wise list here
HSBC credit card: Revision in minimum due payment calculation, rent payment charges
Tuesday, January 24, 2023
Budget 2023: Income tax changes that professionals, small businesses want
The government has amended various provisions of the Income-tax Act to make it business-friendly for smal businesses and professionals. However, there are still provisions in the Income-tax Act, that needs amendments to keep up with the changing times. Here is what the government should consider rationalising certain income tax provisions for small business and professionals in Budget 2023.
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from Personal Finance News-Wealth-Economic Times https://ift.tt/2n7buTG
How to withdraw from Sukanya Samriddhi Yojana (SSY) account
Monday, January 23, 2023
Will Budget 2023 hike threshold for tax deduction at source on income from online games?
The online gaming is in news due to various reasons. Budget 2022 announced to set up a task force committee to boost the domestic capacities and develop opportunity for the world. However, there are media reports that Budget 2023 may make some changes in the threshold for TDS on online gaming winnings.
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from Personal Finance News-Wealth-Economic Times https://ift.tt/s3SKZmG
Investment Outlook 2023
As we enter the new year, it is important for all investors, new and seasoned, to have an understanding of the market trends to expect for the year ahead and the investment lessons to be learned from the previous year.To help investors understand how the market performed in 2022 – who were the winners and the losers, how the global macros impacted the Indian markets, the investment strategies that worked – and the top investment trends and economic and market landscape to expect in 2023, we bring together experts in the field for this especially curated session to share their outlook for the market for 2023 and unpack the investing lessons from 2022. The session will also break down important investment strategies that investors should be aware of, including the right asset allocation mix for investors of different risk appetite amidst a tough market environment and growing geopolitical unrest.
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from Personal Finance News-Wealth-Economic Times https://ift.tt/BYZvHkG
Federal Bank revises savings account interest rates
What is the KYC procedure for opening bank accounts of foreign students studying in India?
Sunday, January 22, 2023
Phygital - The new normal of investing
How to set up a franchise: 8 popular franchise businesses under Rs 50 lakh
Saturday, January 21, 2023
Bank FD offers 8.5% interest: Which is the right amount to invest that will be fully safe?
Now, a whopping 8.5 to 9 per cent return from fixed deposits might be a lucrative option for many traditional investors. Interest rates of fixed deposits may further increase in the coming few quarters, believe experts. But should investors, who wish to go for bigger FDs, only check the return before booking their deposits, and not the bank that is offering these high rates? ET Wealth Online explains what the best way is to manage investment into fixed deposits with safety to ensure a maximum return in the future
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from Personal Finance News-Wealth-Economic Times https://ift.tt/1qITAD3
Friday, January 20, 2023
Why a simple, well-crafted portfolio is all that is needed to build wealth
LIC launches guaranteed return life insurance plan Jeevan Azad; know features, benefits
LIC has launched LIC Jeevan Azad Plan (plan no. 188). As per the policy documents, the minimum basic sum assured under LIC Jeevan Azad is Rs 2 lakh while the maximum basic sum assured has been set at Rs 5 lakh. It is a limited period premium payment plan that offers financial support for the family in case of unfortunate death of the life assured during the policy term.
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from Personal Finance News-Wealth-Economic Times https://ift.tt/is3KrGS
Thursday, January 19, 2023
Budget 2023 needs to do this to make ESOPs more attractive for employees
The government in Budget 2020 eased the taxation of Employees Stock Options or ESOPs. However, the current income tax laws concerning taxation of ESOPs at the time of allotment/ transfer of shares from 'non-eligible' companies create hardship for employees as they suffer cash outflow on account of payment of both the exercise price and TDS at the allotment stage without immediate monetisation of gains.
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from Personal Finance News-Wealth-Economic Times https://ift.tt/7de1HbY
Union Budget 2023: What FM Nirmala Sitharaman needs to do on Provident Fund
Canara Bank hikes FD interest rates; Senior citizens can earn 7.75% on this new FD tenor
Tuesday, January 17, 2023
How to avail Aadhaar services on Umang App
How to raise EPF-related complaints or grievance on EPFO portal
Budget 2023 expectation: Why basic income tax exemption limit should be increased
How to withdraw cash using SBI doorstep banking service
Monday, January 16, 2023
Budget 2023 should clarify how a non-resident's income from cryptocurrencies will be taxed
Budget 2022 provided the clarification regarding how virtual digital assets (VDAs) such as crypto, non-fungible tokens etc. will be taxed from April 1, 2022. However, there are certain taxation aspects related to VDAs that still needs clarification. Will Budget 2023 provide clarification on crypto tax wherever it is needed? Read on to know.
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