UNDERSTANDING LIABILITY

Current Income tax slabs: Here are the income tax slabs for current financial year 2024-25 (assessment year 2025-26). An individual has to choose between new and old tax regime to calculate their income tax liability, subject to certain conditions. ...

PNB Housing CEO Girish Kousgi outlines plans for corporate business growth, cost of borrowing reduction, retail book growth, and affordable housing vertical expansion. Kousgi says: "We showed a growth of about 18.5% on disbursements and 14% on book....

And besides that, we have been quite aggressive as far as QR code distribution is concerned to the small traders and merchants and that has also given a fillip to our current account. So, for us, the current account and the saving bank has been quit...

Choosing the right vehicle insurance in India involves understanding liability coverage, comprehensive plans, and exclusions. ACKO provides tailored coverage, add-ons, and competitive pricing for comprehensive protection and peace of mind.

SpiceJet announces a settlement agreement with Export Development Canada (EDC) to resolve liabilities amounting to Rs 755 crore, resulting in savings of Rs 567 crore. Under the deal, SpiceJet will acquire 13 EDC-financed A400 aircraft, leading to a ...

​Mutual funds have emerged as a popular investment option in India, offering the dual advantage of expert money management and tax-efficient returns. However, to maximize the tax efficiency of mutual fund investments, it’s crucial to understand the ...

On a day when 99 of the 100 stocks in the small cap index are trading with big cuts. All sectoral indices are trading with big cuts, market breadth is extremely poor, there are many reasons which are and will be put on the table to explain why the f...

Ajay Kanwal says: "Our net NPA is 0.7 or 0.8 now. Gross NPA at 2%. So, asset quality is good. Growth rate is good. I think we will remain steady there which is our secured business will keep growing, that is rule number one. We will maintain good as...

The Rajasthan Sports Council has sealed the Sawai Man Singh Stadium, the venue to host Indian Premier League matches, one month before the event. The council claims that the state cricket body failed to fulfill its liabilities, including payment of ...

Several mergers and acquisitions (M&As) are understood to have been delayed or put on the backburner as tax experts assist companies in figuring out the impact of GST on proposed deals.

Salaried individuals, freelancers and businesses with tax liability exceeding Rs.10,000, after reducing TDS, for the financial year, are required to pay advance tax.

​Bank CEOs are tapping top legal minds, alerting their compliance teams, and discussing with each other to spot the pitfalls of the Digital Personal Data Protection Act (DPDPA) - a statute under which hundreds of crores of fines can be imposed on or...

One way to fight financial procrastination is understanding the reasons for it, some of which include ignorance or inadequate information, uncertainty, lack of confidence, unstable job or career, stress and anxiety, boredom, even toxic relationships.

Policyholders of life insurance policies can opt for surrendering their policy before maturity, which will pay them a surrender value, constituting a part of the sum assured. The guaranteed and special surrender values apply only if all premiums are...

Go Airlines CEO, Kaushik Khona, states that Go First has "a huge potential to revive and operate again very soon" and would do so if Pratt & Whitney honours their contract. The airline has lost almost $1 billion since June 2020 due to the aircrafts ...

Understanding the difference between solvency and liquidity is essential when investing. Liquidity is a company's ability to meet short-term obligations with liquid assets, while solvency refers to its ability to repay long-term debts. Liquidity rat...

Alternative Investment Funds (AIFs), based on the objective of optimising returns of sophisticated investors, has carved a niche as a distinct asset class. A well diversified portfolio, greater flexibility and low correlation with the stock & bond m...

Election freebies, mismanagement of public funds, corruption in allocation and spending of government funds are all ills we have suffered consistently over many years

Aditya Puri, former MD of HDFC Bank, argues that the Indian banking system has little systemic risk. While the US has recently experienced management and regulatory failures, India has asset liability matching, portfolio diversification, regulations...