Why a ₹20 Lakh Salary Can Still Feel Like Being Broke: A CA’s Take on the Middle-Class Money Trap Even with what many consider a dream salary, a large portion of India’s middle class feels stuck in a financial bind. Chartered Accountant Nitin Kaushik explains this paradox, revealing that the problem isn’t the income itself, … Read more
Navigating your first job offer and the world of taxes can be confusing, especially when deciding between the old and new tax regimes. Let’s break down which option will give you the highest in-hand salary with a ₹10 lakh CTC. Understanding Your Salary and the Tax Regimes Your total Cost to Company (CTC) is ₹10 … Read more
Financial freedom might feel out of reach, especially with household savings in India hitting record lows. But personal finance experts Priti Rathi Gupta of LXME and Mrin Agarwal of Finsafe India say it’s completely achievable by ditching impulse buys and embracing smart financial planning. They’re urging everyone, especially young professionals, to take control of their … Read more
Securing your retirement funds is a top priority, and for senior citizens, Fixed Deposits (FDs) continue to be an attractive option, offering competitive interest rates even amidst recent shifts in the financial landscape. As of July 2025, you can still find excellent returns on your FDs, with some banks offering rates as high as 9.10%. … Read more
Tired of hefty taxes eating into your salary? What if you could build a ₹12 crore, largely tax-free retirement fund and pay zero income tax as a salaried professional? According to Sujit Bangar, founder of TaxBuddy.com, it’s not just a dream—it’s a achievable reality for those earning up to ₹14.65 lakh annually under India’s new … Read more
A reverse mortgage loan allows senior citizens in India to convert their home equity into a steady income stream without having to sell their property or make monthly repayments. This financial product is particularly beneficial for those who own their homes outright but lack sufficient regular income to meet their retirement expenses. How a Reverse … Read more
Great news for homeowners! The Reserve Bank of India (RBI) has made significant moves in 2025, slashing the repo rate by 100 basis points and reducing the Cash Reserve Ratio (CRR) by 100 basis points (from 4% to 3%). These changes mean big savings and shorter loan tenures for home loan borrowers. Understanding the Impact: … Read more