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How to Save Income Tax in New Tax Regime?

Category : Tax

Poonawalla Fincorp Team • Jan 30, 2024 • 1360 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 • 1365 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 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 • 1612 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 • 1431 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.

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Importance and Impact of Yearly Union Budget

Category : Tax

Poonawalla Fincorp Team • Jan 30, 2024 • 1403 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.

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

Category : Pre-Owned Car Loan

Poonawalla Fincorp Team • Jan 26, 2024 • 4079 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 • 4134 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.

thumbnail image what is kyc meaning types and importance
Understanding KYC: Definition, Types, and Significance

Category : Financial Insights

Poonawalla Fincorp Team • Jan 24, 2024 • 1978 views

When dealing with any kind of financial transaction, whether online or offline, you must have come across the term ‘KYC’. But what is KYC and why is it important when opening a savings account or applying for credit? Keep reading to find out!

thumbnail image top reasons for loan rejection with good cibil score
Top 8 Reasons for Loan Rejection with Good CIBIL Score

Category : CIBIL Score

Poonawalla Fincorp Team • Jan 24, 2024 • 1434 views

Loan can be a lifesaver when financial emergencies arrive, but sometimes, loan approval procedures can get tricky. In several cases, loan applications get rejected even after having a good CIBIL score.

thumbnail image debt consolidation vs debt settlement
What is the Difference Between Debt Consolidation and Debt Settlement?

Category : Financial Insights

Poonawalla Fincorp Team • Jan 24, 2024 • 1729 views

Are you feeling overwhelmed by a mountain of debt? You are not alone! Millions of people face the burden of debt, and navigating through the available options of debt management can be confusing.

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Why is Your CIBIL Score Important During Retirement?

Category : CIBIL Score

Poonawalla Fincorp Team • Jan 24, 2024 • 1189 views

As individuals approach the golden years of leisure post-retirement, financial considerations and the significance of a high CIBIL score take centre stage. The transition from a regular income to reliance on savings and, if necessary, borrowing, underscores the importance of CIBIL score and maintaining a strong credit profile.

thumbnail image factors that will not affect cibil score
6 Factors That Will Not Affect Your CIBIL Score

Category : CIBIL Score

Poonawalla Fincorp Team • Jan 24, 2024 • 1473 views

The struggle to identify the factors affecting the CIBIL score and devise a strategy to improve your score is real. Since it is a common problem for many, over the years numerous myths have developed regarding these factors that borrowers consider true.

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