In a move to give relief to the middle class, Finance Minister Piyush Goyal announced in the Budget 2019 that individual taxpayers will get a full tax rebate for income earned up to Rs 5 lakh.Previously, the income threshold on which rebate was given was Rs 3.5 lakh. Individuals will now get a benefit of Rs 12,500, up from Rs 2,500 earlier. This will benefit taxpayers only to the extent of an annual income of Rs 5 lakh. The basic exemption limit and tax-slabs remain the same.Additionally, Piyush Goyal also announced an increase in standard deduction to Rs 50,000, up from Rs 40,000 earlier.So if you earn upto Rs 9.25 lakhs will not pay tax https://t.co/es9V5MciQo— Mrin Agarwal (@mrinagarwal) February 1, 2019Close To be sure, this is a rebate for those whose taxable incomes are up to Rs 5 lakh. The basic exemption limit of Rs 2.5 lakh - that is, no tax to be paid for those who earn an income of up to Rs 2.5 lakh - continues. related news CBDT enables PAN-Aadhaar … [Read more...] about Budget 2019 effect: How you can earn tax-free Rs 10 lakh per annum
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The September quarter could turn out to be worse than Q1 in terms of growth momentum. And, over 70 percent of the stocks in Emkay coverage could be showing weaker top-line growth trends in Q2 when compared with Q1, Sunil Tirumalai, Head of Research and Strategist, Emkay Global Financial Services, said in an interview with Moneycontrol’s Kshitij Anand.Q) We saw some outperformance in the broader market space for the week ended October 18. But, the overall sentiment is largely on the downside. Do you think the trend could sustain?A) The news flow is definitely weak when it comes to Indian economic indicators, and surely the corporate tax rate cut was not meant to give a quick fix to these issues.Close At the broader level, we saw over $20 billion annual transfer of cash from the govt to the corporate sector. However, we are positive on the long-term effects of the tax cut: across corporate profitability, more room to spend on opex and CAPEX, flow through into broader … [Read more...] about September quarter could be worse than Q1; Maruti, L&T among 4 stocks to buy for 2-3 years
All the froth that was built up in terms of midcap valuations has been more than wiped out, and from here on, over the next two-three year time frame, our view is that this is the time to start investing in good quality, high growth, mid and small-cap companies which are trading at reasonable valuations, Shibani Kurian, SVP & Head of Equity Research, Kotak Mahindra Asset Management Company Ltd, said in an interview with Moneycontrol’s Kshitij Anand.Q) Indian markets seem to have caught up/stuck between fluctuating global cues and muted economic data back home. What is the way ahead for markets?A) The corporate tax rate cut was a landmark reform carried out by the government and the impact of which will be felt over time. The focus of the government is to revive investment-led growth which has been languishing for a while and carry out structural changes required to take the economy into the next league.Close After the corporate tax rate cut, India is now comparable … [Read more...] about Midcap froth gone: Investors can look to buy quality stocks with 2-3 year time frame
Investors have avoided investments in gold in the past 5-6 years due to rising equity markets and opportunities in debt funds. But gold prices have been quietly inching up. The price has risen to Rs 31,850 per 10 gram, up 8.33 percent from the end of last year. Experts said gold has begun to glitter once again in the back of global uncertainties and trade wars. The moot question is should you buy gold?Hyderabad-based Ajit Parameshwaran, a senior management professional with a pharmaceutical MNC, certainly thinks so. He started buying units of gold exchange traded funds (ETF) recently. He has been an investors in stocks and equity mutual funds for more than a decade. “Gold ETF prices have been moving in a band over some time with strong support around Rs 2,800-3,000 per gram. It has the potential to rise from here,” Parameshwaran said, adding that gold reduces volatility in his portfolio.Is gold shining again?Expert attribute three broad factors behind the … [Read more...] about Gold rallies over 8% in 2018 so far; is it time to buy a gold ETF?
A recent survey by a global banking major made it clear that only a third of Indians save for retirement. If you are not one of them, it is high time you save for your golden years. Some of you may see it as a faraway situation and some may not know the ‘inflated numbers’ you will see as you move closer to the D-day.If you still do not think you should be saving for retirement, here is a funny question you should answer. “When do you spend more - on a week day or on the weekend? More likely you spend more on weekends. After you retire you will be enjoying weekends all through the week and you will need more money,” says Abhishek Gupta, founder and chief financial planner, Moat Wealth Advisors.Keep aside the fun, the main point it drives home is you need money when you retire. You will live at least 20 years post your retirement.Close So let us go to the factors that you should keep a track of while saving for your retirement. related news Budget 2019 … [Read more...] about 7 things you need to keep a track of while saving for retirement