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Showing posts from February, 2021

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How to Pick Mutual Funds That Beat the Market

  Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...

Labor Reform 2020 | 4 New Labor Laws Combined With The Old 29 Labor Laws

  Ever since the Narendra Modi government came, it has been known for shocking decisions. Once again, he has surprised people with jobs. In fact, the Ministry of Labour & Employment at the Center has made some major changes in the rules of salary, which will reduce your take-home salary.   So far there were 29 labor laws in India for employed people. The central government has made changes to reduce their number from 29 to 4. These are the laws - occupational safety law, health and working conditions, industrial relations, and social security law. From April 1, 2021, new laws will come into force and their effect on a salary of May 1, 2021, will also start showing.   Let's first, understand the salary structure   Employers are well-versed with two words, first CTC ie Cost to Company and second take home salary, also known as in-hand salary.   1. CTC: CTC means Cost to Company is the total expenses of the company in terms of your work; it is ...

Even after the new exemption, will file ITR for older people above 75 years of age?

  Finance Minister Nirmala Sitharaman has announced a waiver in the Union Budget 2021 for the elderly aged above 75 years from filing income tax returns. This announcement sounds good, but if you look at the conditions related to it, it would be better to continue filing returns to the income taxpayer.   Actually, Finance Minister Nirmala Sitharaman had said in the budget speech that we are going to reduce the burden of legal troubles on the elderly aged 75 years or less. The central government will exempt senior citizens who have income only from pension and interest, from filing income tax. The paying banks of these senior citizens or the taxpayer will deduct the tax levied on their income. Experts say the announcement by the Finance Minister does not mean that 75 cross-aged elders earning pension and interest will not have to pay tax. They are exempted only from filing returns and tax will be deducted by their paying bank. That is, they will not need to pay a separate t...

Many banks made changes in the interest received on FDs, know where to get FDs now beneficial

  The country's largest banks, State Bank of India (SBI), Canara Bank, IDFC First Bank and Kotak Mahindra Bank have recently revised the rates of interest on their fixed deposits (FD). Now the investor will get more interest on FD of some duration and less interest on FD of some duration. If you are also planning to make a fixed deposit, here we are telling you which bank is paying how much interest on the fixed deposit.   How much interest is being received on 2-year fixed deposit     Bank Interest Rate (in%) SBI 5.10 Canara Bank 5.40 IDFC First Bank 5.05 Kotak Mahindra Bnak 5.00 HDFC Bank 5.15 ICICI Bank 5.15 Punjab National Bank 5.20 Bank of Baroda 5.10 Bank of India 5.30 Union Bank 5.50     How much...