Personal Finance

Paid income tax under new regime, but old regime shows zero tax liability—can I revise ITR and switch regime now for FY25

Moneycontrol’s Ask Wallet-wise initiative offers expert advice on matters related to personal finance and money-related queries

Personal Finance | A primer on how to use PE in investing

What are the determining factors in a PE ratio 

ICICI Bank minimum average balance now Rs 50,000 — How to calculate MAB, penalty and more

Under the new structure, customers of metro and urban branches need to maintain a minimum average balance of Rs 50,000. For rural branches, it is Rs 10,000.

Buying property from an NRI? Deducting TDS is buyer's responsibility—Here’s what to know

When buying property from an NRI, TDS rules differ significantly from those for resident sellers. If the property has been held for more than two years, it qualifies as a long-term capital asset, and the buyer must deduct 12.5% of capital gain as TDS, plus surcharge and cess.

I want to sell gold inherited from my grandmother. What are the tax implications?

In the case of jewellery received before 2001 either the cost of acquisition to the previous owner or the fair market value (FMV) as on 1st April 2001, whichever is higher can be considered.

How to save taxes on freelance income through business expense deductions

Claiming legitimate expenses can reduce your taxable income and boost savings

Going abroad for work? What to do with your EPF account

Your EPF account is not automatically closed when you move abroad for work; it continues to be maintained until you withdraw the balance or transfer it to any another account.

Avoid TDS on FD interest legally: How to use Form 15G and 15H in 2025

Simple guide for low-income individuals and senior citizens to escape tax deductions on bank interest.

How to update your Aadhaar card online for free: These are the steps to register through myAadhaar

Mobile number is important because an OTP (one-time password) will be required to authenticate your identity before any updation.

The Last Word: How living wills help ensure death with dignity

These documents protect individuals from unwanted interventions and spare families the trauma of choosing between prolonging life and letting go.

Why you shouldn’t pick new tax regime by default for ITR 2025 even if your salary is below Rs 12 lakh

Here’s the key detail that many may have missed: the new tax regime changes—particularly the Rs 12 lakh tax rebate —will only apply from financial year 2025–26

Missed your credit card payment? Here’s why that’s a big deal

Missing you credit card payment might seem like a minor blooper, but it quickly can escalate into some serious money trouble

Credit card rewards: Smart perks or spending trap?

We’ve all heard someone rave about free flight tickets or cashback on groceries thanks to their credit card. But is it really that easy—or is there a catch?

E-Aadhaar card: Features, password style and how to download it

The e-Aadhaar card is convenience and security focused. It contains a QR code that can be easily scanned to verify instantly.

Is your money at risk of being stolen if your Aadhaar is linked to your bank account? This is what UIDAI has to say

With Aadhaar-bank linking now the default, here's what you need to know about your money's safety.

Closing your bank account? 5 charges to check before you leave

Some private sector banks charge a higher fee if you close the account within six months of opening. Always check your bank's individual schedule and charges before requesting closure.

How to build a credit history for the first-time borrower in India

Having a positive credit history will increase your chances of getting loans when you apply for them—lenders may even trust you enough to offer you lower interest rates.

Paying home loan EMIs with credit card: Is it worth it?

If your EMI is paid via a credit card but the credit card bill is not settled in full by the due date, you are pushed into debt spiral.

How to ensure your mutual fund KYC is FATCA compliant

Mutual fund houses have already started blocking accounts for fresh investments and even redemptions where FATCA compliance is pending.

Compounding Magic: Why Rs 1 crore to Rs 2 crore takes 6 years, but Rs 9 crore to Rs 10 crore just 1

The higher your investment corpus, the faster it grows in absolute terms, even if the rate of return stays the same

PAN-Aadhaar linking: You can still do it at PAN service centres

Missed the online deadline to link your PAN with Aadhaar? Don’t worry—here’s how you can complete the process offline through authorised service centres and ensure your PAN stays active.