Personal Finance

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Budget 2024: How TCS is set to become less TDS for salaried class

Individuals miffed at tax collection at source (TCS) proposals have now been offered a small relief - provided they have salary income. At present, a salaried employee may declare income, such as bank interest and rent, to their employer, who factors this and, accordingly, deducts a higher tax against the monthly salary. The employee then does not have to worry about paying advance tax as adequate tax has already been withheld.


Explained: What is UPI One World wallet; how to use, benefits and all other details

NPCI introduced 'UPI One World,' a digital payment solution for international tourists in India. Partnering with IDFC First Bank and Transcorp International, the wallet removes the hassle of handling cash. Attendees of the World Heritage Committee meeting will also access this service.


Will gold, silver jewellery get cheaper after Budget 2024 announcements by FM Sitharaman?

Union Budget 2024-2025 has proposed a cut in the custom duty on gold and silver to 6 per cent from 15 per cent. Additionally, Finance Minister Nirmala Sitharaman informed that customs duty on platinum has been slashed to 6.4 per cent.With the announcement, the government has addressed the long-pending demand of gems and jewellery industry."To enhance domestic value addition in gold and precious metal jewellery in the country, I propose to reduce...


Meet C Vijayakumar, The Highest Paid IT CEO In India

HCLTech CEO, C Vijayakumar has earned the title of highest paid IT CEO in the country, after his earnings for 2024 were reported to have an impressive hike. As per an annual report unveiled by the company, his remuneration increased by 190.75 percent YoY. Here are more details on the report. The company released their annual report on July 22, according to which C Vijayakumar’s remuneration was revealed to be Rs 84.16 crore for the year. More...


Higher education in India vs. studying abroad: Looking through the lens of Union Budget 2024

Union Finance Minister Nirmala Sitharaman has unveiled the Budget for 2024, and during her speech, she announced that the government has allocated Rs 1.48 lakh crore for education, employment, and skilling. While there is good news for those who aspire to 'study in India,' there might be bad news for those who aspire to 'study abroad.'


Wealth Creation: How You Can Accumulate Rs 1 Crore Using THESE Alternative Investment Ideas

Owning rental properties can generate income through rent and potential property value appreciation.


Will Nifty test 23,800 level after government hikes capital gains tax? See GIFT Nifty, FII data, F&O ban, crude, more before market opens

GIFT Nifty traded down by 72 points or 0.29% at 24,399 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex. Here's a look at things to know before markets open on Wednesday July 24, 2024.


Virat Kohli becomes India's most valued celebrity with brand value of Rs 1900 crore, surpasses Shah Rukh Khan and Ranveer Singh

Virat Kohli has achieved a remarkable milestone by surpassing Bollywood icons Shah Rukh Khan and Ranveer Singh to become India's top celebrity in terms of brand value. According to Kroll's Celebrity Brand Valuation Report 2023, Virat Kohli's brand value surged by an impressive 29%, reaching $227.9 million (approximately Rs 1,900 crore). This surge not only places him at the top of India's most valuable celebrities but also highlights his immense...


Share price of Vedanta rises as Nifty weakens

A total of 525,343 shares changed hands on the counter till 11:57AM (IST).


FD interest rate up to 7.9%: HDFC Bank hikes fixed deposit rates by 20 bps

HDFC Bank has increased fixed deposit tenures interest rates on certain tenures by up to 20 basis points (bps) for amount below Rs 3 crore. The new rates are effective July 24, 2024.


From BMW Car To Rs 70 Crore Mumbai Home, A Look At South Star Suriya’s Net Worth

Suriya is one of the most versatile actors in the Tamil industry. It all started for the actor when Ajith Kumar dropped out of Vasanth’s directorial Nerukku Ner. Suriya replaced the actor to make his debut. Suriya, the son of veteran actor Sivakumar, initially played smaller roles to cement his place in the industry. Things started turning in Suriya’s favour and he started earning good; on the other hand, his fan numbers started increasing. From...


PPF: Triple advantage of Public Provident Fund— explained

The Public Provident Fund (PPF) in India offers a secure long-term savings avenue with guaranteed interest rates and income tax deductions under Section 80C. It also helps build a retirement corpus


Earth's most valuable substances

Diamonds, gold, and platinum are among the world's most valuable substances – but so are many materials you’ve probably never heard of.


Budget 2024: Modi 3.0's first Budget slashes corporate tax rates for foreign firms to deal another blow to China

Modi 3.0's first Budget aimed to boost India's economy by cutting tax rates for foreign companies, attracting more overseas investors amidst the global supply chain shift from China. The move aligns with India's goal to reach a $5 trillion economy, emphasising FDI and positioning India as a global manufacturing hub. India's ambitious vision to become a global manufacturing hub relies on a comprehensive approach, including policies like PLI,...


Breaking the cycle: How to stop money worries from affecting your mental health?

Financial stress is a common struggle that can affect anyone, leading to unhealthy coping mechanisms. It is crucial to recognize the signs of financial stress and take proactive steps to manage finances effectively.


Navigating The Path To Financial Freedom: 7 Tips Young Investors Should Apply From Today

​​Investing is one walk of life that this demographic fully understands the need for, however, struggles in terms of actioning it, owing to ecosystem challenges and an overall dearth of financial awareness and literacy.


L&T Q1 result FY2024-25: PAT up 12% in Q1 at Rs 2,786 crore - Check key earnings

L&T Q1 result FY2024-25: The Company received orders worth Rs 70,936 crore at the group level during the quarter ended June 30, 2024, registering a y-o-y growth of 8% aided by the strong ordering momentum in the Middle East. Shares of L&T declined marginally to 0.54% on BSE, Wednesday, July 24, to settle at Rs 3,519.40 apiece. The session's intra-day high and low remained at Rs 3562.80 and Rs 3501 respectively.


New income tax regime: Check how much tax you will pay now

Budget 2024: The changes in tax slabs and the increased standard deduction aim to make the new tax regime more attractive.


FM Nirmala Sitharaman taxes Provident Funds: Reddit user asks ‘What is left?’, gets hilarious replies on Budget 2024

Budget 2024: As Finance Minister Nirmala Sitharaman imposes taxes on Provident Funds, Reddit users joke about potential absurd taxes, from 'tax on bridge collapses' to 'tax on checking Reddit Notifications'.


Budget allocation to Delhi stagnates at Rs 1,168 cr; Atishi slams Centre

New Delhi, Jul 23 (PTI) The allocation for the Government of National Capital Territory of Delhi (GNCTD) in the Union budget 2024-25, presented in the Lok Sabha on Tuesday, remained stagnant at Rs 1,168 crore, the same amount allotted in 2023-24


Mutual fund SIP of Rs 25,000 per month can help you buy house: Here's how

Have you ever embarked on a road trip without a specific destination in mind? While it may initially seem exciting, you eventually come to realize that knowing where you're headed is essential for fully enjoying the journey. Similarly, financial goals function in this manner, offering a clear path to ensure that your financial journey ultimately leads to a fulfilling destination.


Budget 2024: 7 things consumers should know

1 Upgrading and flaunting your latest imported mobile phone will now be lighter on your pocket! iPhone 15 Pro (128 GB storage) currently priced at 1,34,900 could now cost 1,29,000 on account of reduction in basic customs duty from 20% to 15%.2 Experience lightning-fast charging for less with customs duty on mobile phone chargers reducing from 20% t...


Now paying income tax through select credit cards can be rewarding; know how to pay income tax through credit cards

Tax payment using credit cards: "Currently, only a select few cards, such as the HDFC BizBlack and HDFC BizPower credit cards, offer rewards for tax payments. Besides these you can also use other credit cards which provide milestone benefits even on paying income tax using it like SBI Vistara Cards/IDFC Vistara Card," says Ankur Mittal, co-founder and CTO, cardinsider.com


Man Wins Rs 8.3 Crore Jackpot After Dreaming About Lottery

An American man has credited his dream about playing the lottery for his $1 million jackpot win – that’s about Rs. 8.3 crore. Howard Kendall Jr., of Plymouth, said he dreamt of buying a 4,000,000 Diamonds scratch-off ticket worth $10, and took the cue, according to Massachusetts Lottery.


Capital Gains Tax On Mutual Fund Earnings: How Much Tax You Will Pay On Rs 5 Lakh?

The Union Budget 2024 introduced significant changes to capital gains tax rates, impacting both short-term and long-term capital gains from equity and equity-oriented mutual funds. The revamp of the capital gains tax regime will impact investment decisions and financial planning, ensuring a more balanced and fair approach to taxation.What Has Changed?Nirmala Sitharaman announced two changes to capital gains tax rates that will affect mutual fund...


How Much Does It Cost to Study Abroad in Top Countries?

Check out the average cost to study abroad in the USA, Canada, United Kingdom, Germany, Australia, France, Singapore and more.


4 key changes banks made that reduced credit card rewards

Some recent introduced by banks include spend-based access to airport lounges, devaluation of conversion ratio for transfer to partners, excluding reward points on specific categories, charges on utility bill payments, etc.


'Numbers don't lie': How first budget of Modi 3.0 reflects changed political reality

NEW DELHI: When finance minister Nirmala Sitharaman presented the interim budget in February 2024, many were expecting it to be full of freebies with an eye on the 2024 general election. There were expectations that the government may announce tax cuts for the middle class and extra incentives for farmers and rural areas. But the Modi government di...


Where To Keep Money Plant In Your House For Happiness And Prosperity

In Hinduism, several trees and plants hold significant religious importance. It is said that planting certain trees or plants at the house or in the office often has various religious significance and purposes. Today, we will talk about one such plant that is commonly found in every household in the country. The name of the plant is Money Plant. It is often believed that having a Money Plant at home not only brings happiness and prosperity but...


Renting Vs Owning A Home: Which Option Is Beneficial For You?

In the never-ending debate of whether to buy a house or continue renting in India, the scales often tip towards the former for several compelling reasons. While renting offers flexibility, purchasing a home emerges as the superior long-term financial decision.Primarily, homeownership in India presents a host of financial advantages. Real estate values tend to appreciate over time, positioning homeowners for potential wealth accumulation....


‘Special Status’ Out, ‘Special Funds’ In: How Modi Govt Bypassed Big Hurdle in Budget 2024 to Help Bihar, Andhra

Amid rising demand and political clamour for ‘special status’ to Bihar and Andhra Pradesh, the Narendra Modi government on Tuesday generously opened its purse strings in the states ruled by allies JD(U) and TDP while deftly sidestepping the contentious issue over the nomenclature of the financial aid.In her Union Budget speech 2024, Finance Minister Nirmala Sitharaman allocated special financial assistance to both states, effectively appeasing...


Nifty Bank down over 2,000 points from record high levels of July 4; Here's what lies ahead

The Nifty Bank has extended its losses on Wednesday for the second straight session and has slipped below the mark of 51,000 for the first time after June 19.Since the record high of 53,357 that the index made on July 4, it has corrected over 2,000 points or nearly 4%. The index has now declined in three out of the last four trading sessions.10 out of the 12 Nifty Bank constituents have delivered negative returns since the record high level of...


Budget 2024 changes how your gold investment is taxed

The Union Budget 2024 has introduced changes to how capital gains on gold are taxed. The holding period required for gold to qualify as long-term capital gains (LTCG) has been reduced from 36 months to 24 months.Simultaneously, the LTCG tax rate on gold has been cut from 20% to a flat 12.5%.However, the benefit of indexation, which allowed taxpayers to adjust the purchase price of gold for inflation, has been removed.Understanding the...


5 things to keep in mind while investing in gold

Consider these five crucial points when contemplating gold investment, presenting essential insights from Piyush Gupta, Director at PPJewellers by Pawan Gupta.


L&T Q1 Results: Net profit jumps 12% to Rs 2,786 crore

Engineering and construction major Larsen and Toubro (L&T) on July 24 reported a consolidated net profit for the quarter ended June 2024 at Rs 2,786 crore, up 12 percent compared to Rs 2,493 crore in the same quarter last year. On July 24, L&T's shares closed 0.45 percent lower at Rs 3,522 apiece. Revenue from operations rose 15 percent to Rs 55,120 crore in Q1FY25 as against Rs 47,882 crore in the year-ago period. L&T's net profit came in...


Dr. Reddy’s Laboratories' board to consider stock split on July 27

Dr. Reddy’s Laboratories' board will consider a stock split at the July 27 meeting. Last split was in 2001. Shares rose 17.5% this year, 27% last year. A licensing deal with Takeda for Vonoprazan tablets was signed. Suzlon Energy shares hit an all-time high with 200% YoY PAT jump. Economic Times disclaimer applies.


I had an expert draw up an 18-page plan to take control of my money, and 3 pieces of advice really made a difference

I met with a professional to put together a plan of action, and she had a handful of recommendations that have changed how I see my money.


Top 10 richest people in the world

According to Forbes’ real-time data, we’ve curated the latest list of the world’s top 10 richest people in the world (as on July 23, 2024).


Elon Musk’s Neuralink Shares Video Of First Brain-Chip Patient Playing Online Chess Via Telepathy

Witness the groundbreaking work of Neuralink as it demonstrates how its brain-chip technology empowers individuals with disabilities to control devices with their minds. In a recent live stream, Neuralink showcased its first brain-chip patient playing chess on a laptop solely using his thoughts, without the need for a mouse or keyboard. Shot by Neuralink engineer Bliss, the video features Noland Arbaugh, the patient, discussing his paralysis below the shoulders, hindering his ability to use conventional controls. Tune in to learn more about this innovative technology and its potential to transform lives.#elonmusk #neuralink #brainchip Moneycontrol is India's leading financial and business portal with in-depth market coverage, analysis, expert opinions, and a gamut of financial tools.A part of Network18, moneycontrol.com is the most influential destination for stock market news and advice, business news, and news about the Indian and global economy.Subscribe: https://bit.ly/moneycontrolyoutubeFollow us:Visit https://www.moneycontrol.com/Facebook: https://www.facebook.com/moneycontrol/Twitter: http://www.twitter.com/moneycontrolcomInstagram: https://www.instagram.com/moneycontrolcom/


Penny stock under Rs 15: Company under market cap Rs 200 cr secures Rs 150 cr order

Penny Stock Under Rs 15: A company which has its market cap under Rs 200 crore has won an order worth Rs 150 crore. The said company's shares trade under Rs 15 per equity share. Check details.


Aid to Maldives sees cuts, assistance to Sri Lanka increases in Budget 2024-25

Full budget sees sizeable increase in development aid to Sri Lanka, while assistance to Maldives sees drastic cuts from both 2023-24 revised estimates and 2024-25 interim budget.


Gold and silver rates today on 24-07-2024: Check latest prices in your city

Gold And Silver Rates Today: The price of 10 gm of 24 carat gold is Rs. 70716.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 85170.0/Kg in Delhi.


Multibagger Stock: MIC Electronics' Q1 PAT Zooms 60% YoY - Check details

MIC Electronics is a smallcap stock, having a market cap of Rs 2,190.07 crore. Its shares closed in the green at Rs 90.87 on Monday.


10 tried and tested ways to save money

Discover tried and tested methods to save money effectively and build a more secure financial future...


Gold Price Today: Check 22, 24 Carat Rate In Your City on July 24

Gold Rate Today In India: On July 24, gold prices in India hovered near Rs 73,000 per 10 grams. This rate includes a premium for the highest purity gold, with 24-carat gold priced at Rs 70,850 per 10 grams. For those interested in jewelry, 22-carat gold, which is more durable due to its slight alloy mix, was priced at Rs 64,940 per 10 grams.The government on Tuesday slashed customs duties on a range of products, including gold and silver.The...


What is Angel Tax? All you need to know about the draconian law abolished in Budget 2024

On July 23, Finance Minister Nirmala Sitharaman announced that the “angel tax” will be scrapped, bringing cheer among startups and their investors. Here, we explain how the draconian law came into being and what its removal means for the startup ecosystem. The origins of angel tax The idea of angel tax was first introduced in the 2012 Union Budget by then Finance Minister Pranab Mukherjee. The primary objective was to check money laundering...


Stocks to buy after Budget 2024: Experts recommend these nine shares to buy on Wednesday

Stocks to buy after Budget 2024: SS WealthStreet recommends buying nine stocks, which include Ramco Cement, Rajesh Exports, NCC, Tata Consumer, and SBI Card


Should You Install A Solar Panel On Your Roof Top? | Complete Installation Guide

Homeowners who install solar power systems can receive numerous benefits: lower electric bills, lower carbon footprints, and so on. But is it the same for everyone? Can you too benefit from a solar panel? Watch this video to find out what are the subsidies, and the process of getting a solar panel installed.#solarpanel #electricity #cleanenergy Moneycontrol is India's leading financial and business portal with in-depth market coverage, analysis, expert opinions, and a gamut of financial tools.A part of Network18, moneycontrol.com is the most influential destination for stock market news and advice, business news, and news about the Indian and global economy.Subscribe: https://bit.ly/moneycontrolyoutubeFollow us:Visit https://www.moneycontrol.com/Facebook: https://www.facebook.com/moneycontrol/Twitter: http://www.twitter.com/moneycontrolcomInstagram: https://www.instagram.com/moneycontrolcom/


'Easiest Passive Income Ways': According to Forbes - LIST

The realm of digital entrepreneurship best captures the trend away from traditional employment. In the realm of digital passive income, the following are some profitable options:


Budget 2024: MHA gets Rs 2.19 lakh crore. Focus on training and research, big boost for IB, CISF

The BSF, on the other hand, saw its allocations increase to Rs 25,472 crore compared to revised estimates of Rs 25,038 crore in the last financial year.