Investing

News - Tax ,leave encashment

MC Explains: Higher tax exemption on leave encashment for non-govt employees

The tax exemption on leave encashment for private salaried employees has been raised eightfold.

News - Tax ,TCS

TCS doesn’t apply only to your foreign currency spending, domestic purchases too can bear its brunt

Apart from paying Tax Collected at Source (TCS) on foreign remittances and on purchases of overseas tour packages, you also have to pay TCS if you buy a car that costs over Rs 10 lakh.

News - investing ,debt mutual funds ,Mutual Funds ,Slideshow ,rising interest rates

One year of interest rate hikes: Debt funds emerge a winner despite headwinds

The Reserve Bank of India started raining interest rates (repo rate) in May 2022. Since then, it has hiked the repo rate 250 basis points. Accrual funds benefitted from the rate hike cycle while, duration funds have been a mixed bag. Here, we analyse how debt funds responded to the rate hikes

Column : If you - Tax ,I-T exemption limit ,leave encashment ,salaried class ,leave encashment upon retirement

Leave encashment up to Rs 25 lakh to be tax-free for non-government workers

While such payments were tax-free only for government employees, the private sector was permitted only up to Rs 3 lakh worth of tax-free leave encashment. The new measure was announced in the February budget, but has been notified only now.