Will Budget 2025 replace Income Tax Act with new Direct Tax code? Here’s what experts say
Finance Minister Nirmala Sitharaman announced in Budget 2024 that the Income Tax Act 1961, would be reviewed. The review and proposed re-codification is aimed at…
Retirement should not be compromise, allocate your retirement funds to small joys that light up your everyday lives
She wanted to widen the window to her balcony. It currently had two panes and she wanted four. Her son, who was supervising the renovation…
Meticulous budgeting, side hustles: How to manage your money as an international student?
Suhaan Kumar, 22, is heading abroad to study for his master’s degree this year. Besides academics, he will gain valuable life lessons, including the challenge…
TCS on sending money abroad is 20% in many cases: Will Budget 2025 reduce this to 5%?
In a move to strengthen fiscal oversight and streamline foreign exchange transactions, the government introduced Tax Collected at Source (TCS) on remittances to foreign countries…
Tax break on buying EV: Will govt bring this interest deduction on buying electric vehicles back in Budget 2025?
The emergence of different cryptocurrencies for trading and higher use of electric vehicles, which are more environment friendly, are two of the major technology-based changes…
How can we reimagine workplace productivity with GenAI?
SVENJA GUDELL: It’s not that GenAI will take your job, right? It’s the person that knows how to use the tools that’s probably going to…
Dividends are taxed at nearly 50%: Will Budget 2025 reduce income tax rate on dividends?
One major area which needs rationalisation in Union Budget 2025 is the taxation of dividends for resident shareholders. Resident shareholders are those who are considered…
What are dynamic asset allocation mutual funds and how do they work?
What are dynamic asset allocation funds? Also known as balanced advantage funds, these are a type of hybrid funds that invest in a mix of…
Choose investment assets that match future money goals else encashing them at time of need can be a problem
“I don’t like financial jargon,” he protested. The middle-aged man had just joined our group of weekend walkers. “Anytime I talk about my investments, I…
Will Budget 2025 merge old and new tax regimes to simplify income tax slabs, structure?
India’s existing tax system for individual taxpayers offers two personal tax regimes – the old tax regime and the new tax regime. The new tax…