Taxation can be confusing, but understanding the terms – tax exemption, tax deduction, and tax rebate can help you save money and plan your finances better. These three terms are important when it comes to knowing how much tax you need to pay. The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, brings some …
The Liberalised Remittance Scheme (LRS) was introduced by the Reserve Bank of India (RBI) in 2004. This scheme made it easier for Indians to send money abroad. Before LRS, sending money from India to other countries had many restrictions under India’s foreign exchange laws. LRS removed many of these restrictions. It allowed Indians to more …
Liberalised Remittance Scheme (LRS): Budget Announcements and Their Key Takeaways Read More »
Union Budget 2025 has provided the biggest relief for taxpayers as they don’t have to pay any tax up to the annual income of ₹12 lakhs for those opting for the new tax regime. The tax rebate limit under Section 87A has been increased from ₹7 lakhs to ₹12 lakhs. For salaried individuals, the no-tax …
It’s ₹12 Lakhs? No Need to Pay Tax up to ₹13.7 Lakhs: Budget Bonanza Read More »
The Union Budget 2025 has significantly clarified the tax treatment of Unit-Linked Insurance Policies (ULIPs). ULIPs that do not qualify for tax exemptions under Section 10(10D) of the Income Tax Act have so far lacked clarity on how they will be taxed. The latest budget has laid out specific guidelines on the taxability of the …
Budget 2025: Key Changes in ULIPs Taxation Rules Read More »
The Union Budget 2025-26, presented on February 1, 2025, introduces various reforms and changes that will significantly impact the personal finances of Indian citizens. From amended income tax slabs to tighter regulations on cryptocurrencies, this budget aims to simplify compliance, improve disposable incomes, and promote transparency across investment classes. As we enter the new financial …
Budget 2025: Your Guide to Personal Finance and Taxation Read More »
Union Budget 2025 came in the light to push economic growth, a way for inclusive development, boost private sector investments, and uplift middle-class spending power and household consumption. The focus of the budget is on all four main pillars of the country: Poor, Youth, Farmers, and Women. In this blog, we’ll find what big announcements …
Union Budget 2025-26: Detailed Interpretation, Announcements and Schemes Read More »
Union Budget 2025 has unveiled a list of tariff and custom duty reforms that changed how much you spend on day-to-day products. Some get cheaper and some get costlier, which can affect your monthly spending. In this blog, we’ll uncover the list of goods and products that have become more pocket-friendly and costlier after the …
Union Budget 2025: What’s Now More Pocket-Friendly and What’s Not? Read More »
Here is the key highlights of the Union Budget for the financial year 2025-26, where finance minister Nirmala Sitharaman emphasized, “This budget is dedicated to accelerating growth, driven by our aspirations for a ‘Viksit Bharat.’ Our economy remains the fastest growing among all major economies.“ Finance Minister says Budget aims at ‘transformative’ reforms in 6 areas …
The Union Budget for 2025-26, set to be presented by Finance Minister Nirmala Sitharaman on February 1, is expected to focus on several key areas while addressing emerging challenges, building on trends from previous years. In this blog, we’ll focus on the key expectations on a sector-wise basis and stocks you can bet on in …
Pre-Budget 2025: Sector Outlook, Expectations, and Stocks to Focus Read More »
