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How is the Union Budget Prepared?

Category : Tax

Poonawalla Fincorp Team • Feb 02, 2024 • 853 views

On February 1, Nirmala Sitharaman, Union Finance Minister, will present the Union Budget 2024 - 25 to the Lok Sabha. As early next year, the elections for the Lok Sabha are due, it will be termed as an interim Budget. The Finance Minister will present the full Budget for FY25 after the formation of the new government following the elections.

thumbnail image how to plan a budget friendly family vacation
How to Plan a Budget Friendly Family Vacation?

Category : Personal Loan

Poonawalla Fincorp Team • Feb 01, 2024 • 976 views

When planning a vacation, it is normal to have questions like "What should our itinerary be?" or "What should be our ideal budget?" However, before making any plans, it is important to manage your finances carefully. Improper financial planning or other financial commitments may cause some people to hesitate to take vacations, leading to eventual plan cancellations. If you find yourself struggling to make a decision, don worry. In this article, we will discuss how you can plan a budget-friendly family vacation.

thumbnail image best places for solo travel in india
9 Best Places for Solo Travel in India

Category : Personal Loan

Poonawalla Fincorp Team • Feb 01, 2024 • 947 views

In recent years, there has been a significant rise in solo travelling in India. Solo travel allows you to rediscover yourselves and explore unknown places. From the majestic snow-capped peaks of the Himalayas to the sun-drenched beaches of Goa, you can enjoy a breathtaking array of experiences for your adventurous soul. In this blog, we have carefully curated a list of the nine best places for solo travel in India.

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The Ultimate Financial Planning Checklist for 2024

Category : Financial Insights

Poonawalla Fincorp Team • Feb 01, 2024 • 920 views

How do you get your finances in shape and make the most of your money in 2024? Look no more. We have got you covered with a simple financial planning checklist for 2024. This easy-to-follow guide will help you understand your finances, set achievable goals, and make the most of your money in the coming year. So, let us dive in and pave the way for a financially successful 2024.

thumbnail image importance of financial health check up at regular intervals
Why Is Financial Health Check-up Important at Regular Intervals?

Category : Financial Insights

Poonawalla Fincorp Team • Feb 01, 2024 • 798 views

In this modern era, prices of commodities and services are increasing faster than your income. Thus, having a clear knowledge of your financial situation is vital. Assessing your finances will help you make an effective plan to address your woes. To know your financial health, analyse your total income, expenses, assets, savings, and liabilities.

thumbnail image how to save income tax in new tax regime
How to Save Income Tax in New Tax Regime?

Category : Tax

Poonawalla Fincorp Team • Jan 30, 2024 • 910 views

As per Budget 2023, the Government of India has established a new tax regime, which is more attractive compared to the old tax regime. One of the crucial changes that were made in the new tax regime was that individuals with Rs. 7 Lakh income will have zero tax liability. Furthermore, this new regime provides two types of tax deductions to salaried employees. To learn how to save tax in the new tax regime and avail these deductions, read more!

thumbnail image understanding deductions under section 80d
Maximise Your Tax Deductions Under Section 80D

Category : Tax

Poonawalla Fincorp Team • Jan 30, 2024 • 868 views

Understanding the tax deductions can help you save a significant amount of your hard-earned money. According to Section 80D, you can claim tax deductions on money spent on health insurance premiums in a financial year. This blog will provide an outline of the tax deductions under Section 80D and all the other necessary information you need to know.

thumbnail image why is the union budget important
Importance and Impact of Yearly Union Budget

Category : Tax

Poonawalla Fincorp Team • Jan 30, 2024 • 837 views

According to the Constitution of Indias Article 112, presenting a budget at the Parliament is mandatory before starting a financial year. Popularly known as the Union Budget, it is issued for the upcoming fiscal year, usually in the first week of February. The Union Budget for FY 2024-25 will be presented on 1st February 2024 and will highlight how some of the key sectors in India will be impacted by it.

thumbnail image list of best places to celebrate holi in india
7 Best Places to Celebrate Holi 2024 in India

Category : Personal Loan

Poonawalla Fincorp Team • Jan 30, 2024 • 1092 views

Holi – the festival that consists of more colours than a rainbow – is celebrated in various parts of India in different ways. It’s a time when India is painted in gulaal (Holi colours), showered with flowers, and treated with sweets. Visit any State and explore its culture – because Holi haiii! This blog lists out the 6 best places to celebrate Holi in India in 2024. Read on!

thumbnail image what are the various tax saving options under section 80c
A Guide to Tax-Saving Options Under Section 80C

Category : Tax

Poonawalla Fincorp Team • Jan 30, 2024 • 851 views

The Income Tax department allows several deductions from your taxable income under Chapter VI A of the IT Act. Among all these provisions, Section 80C creates room for up to Rs. 1.5 Lakh deduction from every taxpayer’s annual income. In this blog, you will learn about the top investment options that enable tax savings through Section 80C.

Time to buy a second hand car
The Best Time to Buy a Used Car

Category : Pre-Owned Car Loan

Poonawalla Fincorp Team • Jan 26, 2024 • 1072 views

Car prices are rising each year as the automobile industry evolves rapidly. But, despite higher prices, a considerable number of newer car models are entering the used market, offering good deals for buyers without draining their wallets.

Future of electric vehicles
The Future of Electric Vehicles in India: Opportunities and Challenges

Category : Pre-Owned Car Loan

Poonawalla Fincorp Team • Jan 25, 2024 • 1119 views

India stands out as one of the largest merging markets for electric vehicles (EVs) globally. In recent years, the nation has undertaken a renewed commitment to diminish its reliance on fossil fuels and traditional energy sources.

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