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INCOME AND EXPENSES
US Stock Market: Citigroup shares slide after upbeat results fail to ease worries over higher costsCitigroup reported strong second-quarter earnings, driven by trading and investment banking revenues. The bank's net income jumped 45%, sur...- Rs 12 LPA and stress-free vs Rs 27 LPA and trapped: Two friends reveal the truth about lifestyle inflationAnkit Pandey shared the contrasting financial journeys of two college friends, one earning Rs 12 LPA and another Rs 27 LPA. While the lower...
- Bengaluru-based IIM graduate shares 5 money lessons of his Sindhi family, from loans to emergency fundBengaluru-based director and IIM Lucknow graduate Karan Lakhwani shared the money habits his Sindhi family has followed for years. From int...
- Bank of America Q2 net income rises on higher trading activitiesBank of America reported a boost in its second-quarter net income, largely driven by a significant uptick in its trading activities. This s...
- I want Rs 1 lakh/month from my Rs 1.15 crore PF and gratuity corpus; how should I invest?ET Wealth Reader's Query: I will retire in four years. I have Rs 95 lakh in Provident Fund savings and expect Rs 20 lakh as gratuity. I hav...
- Bengaluru CA, ex-KPMG employee, thought Rs 1 crore would make her rich. She was wrongHigh salaries do not guarantee financial freedom as lifestyle expenses often increase. Meenal Goel notes that income alone does not determi...
- Quote of the day by John D Rockefeller: 'Save when you can and not when...' Life lessons from inspiring quote on proactive saving, reactive panic, emergency fund, consistent investments and financial disciplineQuote of the day by John D Rockefeller highlights the importance of saving money before financial problems arise instead of waiting until a...
- ICICI Prudential AMC Q1 Results: Net profit rises 23% YoY to Rs 965 crore; revenue up 18%ICICI Prudential AMC Q1 Results: Revenue from operations, meanwhile, increased 18% YoY to Rs 1,564 crore.
- Income tax guide: Allowance and reimbursement exemption limits every salaried employee should knowSalaried employees should know income tax exemption limits for various allowances. Leave Travel Allowance is exempt for self and family tra...
- Taxation simplified for influencers: Correct ITR form, tax regime to grey zone areas, key checks and tax traps creators must watch out forIndian influencers and gig workers face significant tax compliance challenges. Many struggle with tracking income and claiming eligible ded...
- Presumptive taxation: Rebate to losses & deductions, what is the practical impact of changes under Income Tax Act, 2025Under the old Income Tax Act, 1961, the regime operated under three separate provisions. The new Income Tax Act, 2025 consolidates them int...
- Housing crisis threatens longevity and wealth as affordability gap persists through 2040: WEFHousing unaffordability will remain a defining economic and health challenge through 2040, with the World Economic Forum and Marsh warning ...
- Bengaluru home prices leave Rs 90 lakh income couple confused. Buy or rent? How much income needed for ownershipA Bengaluru couple earning a combined annual income of Rs 80-90 lakh sparked a discussion on Reddit after questioning whether buying a flat...
- Earning Rs 30 LPA does not mean you have 'made it to elite club': CA warns and shares the real-world mathA Rs 30 lakh annual salary is a significant achievement for many professionals. However, this income does not automatically ensure financia...
- NRI sells his Bangalore property for Rs 2.63 crore, declares Rs 16.33 lakh LTCG, gets tax notice; he fights and wins partial relief from ITAT for this reasonSold property for Rs 2.63 crore and reported Rs 16.33 lakh LTCG, claimed home loan interest, travel, water, electricity and brokerage as ex...
- Child education allowance tax benefit in ITR filing for FY 25-26: Know when you can claim itSalaried employees can claim child education allowance tax exemption under the old tax regime. This exemption is available for up to two ch...
- DBS Bank India profit jumps 49% on lower costs, better asset qualityDBS Bank India reported a significant 49% net profit increase. Advances grew fifteen percent while expenses and provisions saw a decrease. ...
- Depositories get to spend 5% of IPF interest incomeSebi has revised rules for depositories' Investor Protection Fund income. Depositories can now use five percent of annual income for expens...
- Sebi eases rules on use of depository investor protection fund incomeSebi has allowed depositories to use a small portion of annual income from the Investor Protection Fund for administrative and statutory ex...
- Pakistan's rising taxes turn burials into costly burden for grieving familiesPakistan's funeral expenses have significantly increased due to escalating taxes and government charges. Families now struggle to afford ba...
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