Changes expected in income tax slabs in India for fy 2023-24

Income tax slabs in India for fy 2023-24

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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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How Aadhaar is helping individuals receive money from govt as per Economic Survey 2023

There are various ways by which an Aadhaar has impacted the daily lives of citizens. The Economic Survey 2023 has mentioned some as follows:

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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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National Savings Certificate: What will be interest on NSC purchased on or after 1st day of January, 2023

The interest rate is revised every quarter by the government of India. The lock in period of the National Savings Certificate is five years and for this quarter it earns an interest of 7%.

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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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SBI home loan borrowers can avail concession up to 30-40 bps till this date

State Bank of India (SBI) customers can avail concession on home loans up to 40 bps lower than the actual rate. The rates are offered only during the campaign valid up to March 31, 2023.

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5 NBFCs offering more than 8% FD interest rate for senior citizens

NBFCs are not protected by the Deposit Insurance and Credit Guarantee Corporation (DICGC), which is not in case of bank fixed deposits as they are covered under DICGC for amounts up to Rs 5 lakh.

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You don’t need debit card to activate UPI: Here’s how to activate UPI using Aadhaar

You don't need your Debit card to register for UPI. You can activate using Aadhaar-based one-time password (OTP) authentication.

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Karur Vysya Bank revises savings account interest rates; earn up to 5.25%

The new savings account interest rates of the bank are effective from January 28, 2023. Savings account interest rate varies between 2.25% to 5.25% depending on the savings account balance.

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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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Value theme has made strong comeback over the past two years. Has your value mutual fund delivered outsized returns?

Funds with diluted value bias have failed to make most of the current uptick.

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Home loan, FD interest certificate to Form 16A: Download these 8 SBI e-certificates online

Home loan, FD interest certificate to Form 16A: Download these 8 SBI e-certificates online

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Kisan Vikas Patra: What will be the premature value of KVP account opened on or after 1st day of January, 2023

Along with other small savings programmes, the interest rate on KVP is reviewed by the government every three months. This savings plan will require 120 months, or 10 years, to double your money at the current interest rate.

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Sovereign Gold Bond premature redemption: Check details of SGB 2016-17 Series I due date, price, tax applicability

The tenure of the Sovereign Gold Bond Scheme is eight years. However, premature withdrawal can be made after the fifth year from the date of issue of coupon payment dates.

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How HDFC Life policyholders can pay premiums via UPI 123PAY

This special voice-based premium payment tool makes it much easier for HDFC Life members to pay their premiums.

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How to activate a dormant, inactive NRI account

Depending on the account status, banks mark such accounts as dormant or inactive. As it's likely that you're not keeping an eye on your account, this is a precaution to protect your interests.

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PM Kisan 13 Instalment: How to do OTP based eKYC

PM Kisan 13 Instalment: How to do OTP based eKYC

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NPS partial withdrawal: When you can apply, how to apply explained

A partial withdrawal facility is available for NPS subscribers where they can opt for withdrawal of a certain amount out of their contributions subject to certain conditions.

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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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How to pay LIC premium using Google Pay

To further ease the premium payment procedure, LIC also offers its customers to pay their premiums using UPI. Payment of LIC premium can be made through Paytm, PhonePe, GooglePay, Amazon Pay, Mobikwik app

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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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Bank locker new rule: RBI extends deadline for banks to renew locker agreements

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Bank holidays in February 2023: Banks to remain closed for 10 days, check state-wise list here

Banks will be closed in few states on the occasion of Lui-Ngai-Ni, Mahashivratri (Maha Vad-14)/Sivarathri, State Day and Loser, according to the RBI holiday list.

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HSBC credit card: Revision in minimum due payment calculation, rent payment charges

HSBC informed its customers via email that it will levy processing fees on rent payments made using credit cards effective 25 January 2023

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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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SBI customers: You don't need an app to check statement; know how to get it via call

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How to withdraw from Sukanya Samriddhi Yojana (SSY) account

The interest will be calculated for the calendar month based on the account's lowest balance between the fifth day's close and the end of the month. At the end of each fiscal year, interest will be credited to the account.

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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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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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Federal Bank revises savings account interest rates

The interest rates on Federal Bank's savings accounts are linked to the RBI’s repo rate. At present, the RBI repo rate is 6.25%.

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Tax-saving FD: 5 banks offering highest interest rates on tax-saving fixed deposits

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What is the KYC procedure for opening bank accounts of foreign students studying in India?

Foreign students can open Non Resident Ordinary (NRO) Accounts in India. An NRO account can be opened for foreign students studying in India on the basis of their passports.

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Phygital - The new normal of investing

Phygital mode of investment in the stock market can be your cue to experiencing the world where the power of digital meets the expertise of physical touch, providing customer convenience and comfort

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How to set up a franchise: 8 popular franchise businesses under Rs 50 lakh

If you want to quit your job but are wary of the risk of starting your own venture, choose the middle path and join a franchising business.

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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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Want to file a complaint against a bank or NBFC? Here's a step-by-step guide

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Why a simple, well-crafted portfolio is all that is needed to build wealth

Here is a look at some typical behaviours of investors and where it takes them and their money.

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No-cost EMI available on flight tickets for these credit cardholders; know details

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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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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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Union Budget 2023: What FM Nirmala Sitharaman needs to do on Provident Fund

Budget 2023: Poorva Prakash, Partner at Deloitte India explains the double whammy of taxation on Provident Fund under certain conditions.

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Canara Bank hikes FD interest rates; Senior citizens can earn 7.75% on this new FD tenor

The bank offers interest rates on deposits maturing in 7 days to 10 years that range from 3.25% to 7.15% for the general public and 3.25% to 7.65% for senior citizens after the revision.

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Will your PAN become inoperative after March 31, 2023?

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How to avail Aadhaar services on Umang App

How to avail Aadhaar services on Umang App


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How to raise EPF-related complaints or grievance on EPFO portal

The EPFiGMS portal allows EPF subscribers to view the status of open complaints and requests.

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Budget 2023 expectation: Why basic income tax exemption limit should be increased

Budget 2023 expectation: Why basic income tax exemption limit should be increased



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How to withdraw cash using SBI doorstep banking service

Banks charge their customers depending on the service availed. Also, these charges differ depending on the account and citizen.

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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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