Rupee closes at 82.20 against US dollar amid foreign fund outflows The rupee fell 40 paise to close below the 82 per US dollar mark on Thursday, weighed down by foreign fund outflows and corporate dollar demand. At the interbank foreign exchange market, the rupee opened at 81.81 against the greenback, and touched an intra-day ...

Euro hits 10-month-high on dollar as central banks chart divergent courses By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) – The euro sat at a 10-month high against the dollar on Thursday, ahead of a European Central Bank meeting at which markets expect a half-percentage point rate increase, a day after the U.S. Federal Reserve ...

How much tax you will save in revised new income tax regime at different income levels| EconomicTimes [ad_1] Rebate under new tax regime The revised new income tax regime offers rebate under section 87A for taxable income up to Rs 7 lakh. Thus, individuals with income not exceeding Rs 7 lakh and opting for revised new income tax regime will ...

Budget effect: About 15% premium impact on some private life insurers Finance Minister Nirmala Sitharaman’s Budget proposals have dealt double whammy for the life insurers and it would affect the topline growth of some private players, said Emkay Global Financial Services. In a research report, Emkay Global’s insurance sector analysts Avinash Singh and Mahek Shah ...

Union Budget 2023: Are you richer or poorer? Here’s the bottomline [ad_1] (This story originally appeared in on Feb 02, 2023) Does this Budget leave you richer or poorer? The short answer is that while there’s no income level at which you lose as a taxpayer, the range of incomes where there are gains is also quite limited and at ...

Union Budget: 10 things individual taxpayers should know [ad_1] (This story originally appeared in on Feb 02, 2023) 1. To provide relief to the middle class, FM has further reduced income-tax rates under the new regime and allowed standard deduction of 50,000. Taxpayers should note that the new regime will now be a default option unless they opt for the ...

Small Saving Schemes Announcements: Senior Citizens, women get a chance to increase their savings via SCSS, Mahila saving scheme [ad_1] The government has implemented many initiatives to increase the earning potential of retirees and people who are risk averse. In Budget 2023, the government has doubled the limit of the Senior Citizen Savings Scheme (SCSS) ceiling from Rs. 15 lakh ...

What happens to your taxes post Budget 2023?| EconomicTimes [ad_1] Yoga Wellness Guru (Annual income: Rs 5.5 crore) Tax pre-budget/old regime: Rs 2,30,81,760Tax now under new regime: Rs 2,10,60,000Gain is Rs 20, 21,760, which is 8.8% less tax. Assumptions: Purchased an apartment. Deduction on home loan interest is Rs 2L. Investments under 80C is Rs 1.5L. Medical insurance premium Rs ...

Rupee likely to open higher after Fed rate hike, local equities in focus By Anushka Trivedi MUMBAI (Reuters) – The Indian rupee is expected to open stronger on Thursday, as markets perceived the U.S. Federal Reserve to be a bit dovish, with investors keeping an eye on domestic equities after late developments in the Adani ...

IDFC Ltd to invest Rs 2,200 crore in IDFC First Bank, up its stake to 40% IDFC Ltd said on Wednesday that it is investing Rs 2,200 crore in IDFC First Bank to increase its stake in the bank to 40 per cent from 36.38 per cent currently. This is expected to provide growth capital ...