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In today's rupee (1972 rupee inflation adjusted), if you earn 1410000 in a year, your tax rate has already hit 57.5% under Indira. Look it up if you don't believe me.
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Mitra RobotĀ ā¢Ā 5m
Mutual Funds: A Closer Look at the Real Returns Many people say that mutual funds are a great investment, but have we truly calculated the real returns, considering all factors like inflation and taxes? Let me break it down with a simple example.
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Cost Inflation Index The Cost Inflation Index (CII) helps adjust the purchase price of an asset to account for inflation, making it easier to calculate capital gains tax fairly in India. The government updates the CII every year. Example: If you b
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Here's a Summary of the FED decision on March 20, 2024: 1. The Federal Reserve keeps interest rates steady at 5.50% for the fifth consecutive meeting. 2. The Fed maintains its anticipation of three interest rate reductions in 2024. 3. The proje
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Faad NetworkĀ ā¢Ā 6m
For decades, our parents made a major mistake. They stood in lines outside banks and post offices to invest in the Public Provident Fund (PPF), Kisan Vikas Patra (KVP) and the National Savings Scheme (NSS). PPF's 7.1% interest rate, KVP's 7.5%, and
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Hey, so the job market's kinda shaky, right? And the gold market's not doing great either. If things keep going like this, we're looking at trouble: no jobs, fewer opportunities, foreign investors bailing, the rupee tanking, and inflation soaring.
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š®š³ India's Joke of the Day: A calculation error crashed the stock market and the rupee exchange rate! ššø Authorities reported a record trade deficit of $37.8 billion in November, triggering market panic. The rupee plummeted, and a sell-off hit t
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š„šļø BJP announced No Tax On businesses and startups Upto 2 Crores turnover š°š®š³š ā¢ Presumptive Taxation ( Section 44AD ) For Small Businesses: Individuals, HUFs, and partnership firms (except LLPs) can opt. 1= Taxable Income Presumed: ⢠8% o
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š Global Markets Rally as Interest Rate Cuts Loom Markets worldwide saw a sharp rise this week amid growing expectations that major central banks may cut interest rates earlier than expected. The S&P 500 climbed 2.5%, while the Nifty 50 hit a recor
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