The value of household gold is nearing $5 trillion, comprising an impressive 65% of the non-property wealth in India, a Kotak Institutional Equities report showed. Overall, Indian households hold an…
Category: Banking And Finance
How to build ₹50 lakh tax-free corpus using Sukanya Samriddhi Yojana to secure your daughter’s future
Do you know that a disciplined monthly savings today can grow into a hefty ₹50 lakh corpus by the time your two-year-old daughter turns 18? With the Sukanya Samriddhi Yojana…
TCS filing made easier: Income Tax Dept brings in new Form 143, replacing 27EQ
The Income Tax Department has rolled out a new and simplified form for reporting Tax Collected at Source (TCS), aiming to make compliance easier for businesses and collectors. From April…
How much should your SIP be to make ₹2.5 crore in less than 25 years?
According to the SIP calculator, a monthly investment of ₹12,000 at a 14% annual return over 18 years grows to around ₹1.2 crore. However, I believe my corpus could reach…
Rule of 72 decoded: This is how long PPF, FD, SCSS and SSY take to double your money
Have you ever wondered how long it will really take for your money to double in safe investments such as PPF, FDs, Sukanya Samriddhi Yojana (SSY), Senior Citizen Savings Scheme…
New labour codes: Why your tax burden may rise under revised salary structure – explained
The implementation of is set to change how salaries are structured, with potential implications for employees’ tax outgo. Earlier, compensation packages typically included allowances such as house rent allowance (HRA),…
NBFCs’ reliance on bank borrowings to increase in FY27 on lower interest rates
Mumbai: Non-banking finance companies’ (NBFCs) on bank borrowings is likely to rise in FY27 due to lower interest rates, a rating agency said on Wednesday. The share of bank borrowings,…
₹5,000 SIP: regular vs step-up, how a small tweak can add lakhs to your corpus
A small habit today can transform your life quietly and decide whether you retire with ₹1.7 crore or over ₹2 crore? That is the real power of sensible SIP investing…