The Indian Finance Minister has tabled today, the Union (Full) Budget 2019-20 in the Parliament. Below are some of the key highlights that are related to Personal Finances; Full Budget 2019-20 Highlights Latest Income Tax Slab Rates FY 2019-20 Below are the latest Income Tax Slab Rates for FY 2019-20 or AY 2020-21. (FY is Financial Year and AY […]
Business & Politics
Pradhan Mantri Shram Yogi Maan-Dhan (PMSYM) – Govt Pension Scheme – Details & Features
Pradhan Mantri Shram Yogi Maan-Dhan (PMSYM) is the new Pension scheme which was announced in the Union Govt’s Interim Budget 2019-20. PMSYM is aimed at Un-organized workers. The Govt has launched this latest Guaranteed Pension Scheme with effective from 15th Feb, 2019. It has been estimated that around 10 crore un-organized workers can be benefited […]
Income Tax Slab Rates for FY 2019-20 / AY 2020-21 | Interim-Budget 2019-20 Key Highlights
The Indian Finance Minister has tabled today, the Union General Budget 2019-20 in the Parliament. Below are the latest Income Tax Slab Rates for FY 2019-20 or AY 2020-21. (FY is Financial Year and AY is Assessment Year) Latest Income Tax Slab Rates FY 2019-20 The income tax slabs & rates are categorized as below; Individual resident aged below 60 years. Senior […]
Impact of Crude Oil Prices on the Indian Economy!
India is the world’s third largest Oil importing nation and world’s seventh largest economy. It is a major looser in the case of rising Crude price and a beneficiary in the event of falling Crude prices. The pace at which the economy is growing, increases the need of the country to import more and more […]
Budget 2018 LTCG Tax on Equity Mutual Funds & Important Implications
Budget 2018 has re-introduced the long-term capital gain tax on equity shares and equity mutual funds. Almost all financial blogs and portals has published at least one article on this topic (including relakhs.com). This Budget 2018 LTCG Tax proposal will be implemented from 01-April-2018. In this post, I am not going to discuss about the […]
10% LTCG Tax on sale of Stocks/Equity Mutual Funds | Budget 2018-19 Proposal
“Long Term Capital Gains on Equities will now be taxed at 10%.” This is the major news that is now making headlines across all media platforms. Thanks to the latest proposal made in Budget 2018-19. So, henceforth an investor of Stocks or Equity mutual funds has to pay 10% as taxes on Long Term Capital […]
