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 ...

Senior Citizen Savings Scheme’s investment limit increased to Rs 30 lakh: Budget 2023 [ad_1] The maximum investment limit for the Senior Citizen Savings Scheme (SCSS) has been increased from Rs 15 lakh to Rs 30 lakh in Budget 2023. Finance Minister Nirmala Sitharaman made this announcement while reading the budget speech on Wednesday. Also read: Post Office Monthly Income Scheme’s ...

Budget proposals don’t seek privatisation of state-owned banks: DEA Secy The Budget’s proposed banking amendments will improve governance and protect investors and they must not be seen as efforts for the privatisation of public sector lenders, said a senior civil servant on Wednesday. “These are the different sets of measures as over time, things have ...

mahila saman savings scheme: New small savings scheme for women, Mahila Samman Savings Certificate, launched [ad_1] Finance Minister Nirmala Sitharaman, in her Budget 2023 speech, announced a small savings scheme for women. During the budget speech, the FM said the Mahila Samman Savings Certificate would have a tenure of two years and would offer an interest rate of 7.5%. According ...

Rise in deposit limit for 2 senior citizen schemes [ad_1] In a big benefit for senior citizens, the deposit limit in two popular schemes, Senior Citizens Saving Scheme (SCSS) and Monthly Income Scheme (MIS), has been increased significantly. In case of an individual SCSS account, the deposit limit has been raised from the current Rs.15 lakh to Rs.30 lakh. In ...