BankBazaar - Credit Cards & Free Credit Score

#PersonalFinance

Rewards credit cards turn everyday purchases into travel, cashback, and more. Why leave money on the table when you can earn while you spend?

Here's a comparison between two major #creditcards which offer rewards. See which one suits your spending patterns!

#Rewards

1 year ago | [YT] | 1

BankBazaar - Credit Cards & Free Credit Score

#Budget

As you know, the government recently introduced the Income Tax Bill 2025, which aims to replace the Income Tax Act, 1961.

One of the key changes in the bill is the introduction of the concept of 'Tax Year'.

Here's a comparison between the 3 terms: Financial Year (FY), Assessment Year (AY) and Tax Year (TY).

#incometaxbill2025 #middleclass

1 year ago | [YT] | 2

BankBazaar - Credit Cards & Free Credit Score

#IncomeTaxRelief

This is a major confusion. Do you have to pay ₹62,400 as tax if you earn even a rupee over ₹12 lakh?

The answer: NO!

There’s something called marginal relief. It comes to your rescue. It ensures that your tax over the tax-free limit isn’t higher than the limit by which you went over.

Example: if your taxable income is ₹12 lakh and 100 rupees, your tax will be only ₹100 + ₹4 rupees for cess = ₹104.

#Budget2025 #UnionBudget2025 #taxrelief #middleclass

1 year ago | [YT] | 1

BankBazaar - Credit Cards & Free Credit Score

#IncomeTaxBill



There's another common misconception people have:



What if your income isn’t from salary or pension? Do you still get ₹12 lakh tax-free?



Not quite. Think of the ₹12 lakh tax-free benefit as coming from a two-part combo: the 87A rebate and the Standard Deduction of ₹75,000.



The catch? The Standard Deduction is a perk only for salaried folks and pensioners.



If you're earning through business, freelancing, or any non-salary route, you won’t enjoy that extra deduction.



However, if your taxable income (excluding incomes like capital gains) stays within ₹12 lakh, you can still benefit from the 87A rebate.

1 year ago | [YT] | 2

BankBazaar - Credit Cards & Free Credit Score

#NewIncomeTaxBill

Do the new IT slabs come into effect right away?

Well, no! The new tax slabs were announced in the Union Budget on February 1, 2025.

The new rules become applicable from April 1, 2025, when the new financial year starts.

Until then, you’ll pay the old rates announced last year.

#IncomeTaxBill #incometaxrelief #UnionBudget2025 #NewIncomeTaxBill2025

1 year ago | [YT] | 3

BankBazaar - Credit Cards & Free Credit Score

#FinancialGoals



The middle class and salaried individuals can breathe a little easier as the new financial year begins.



Starting April 1, a combination of increased tax savings and reduced loan rates will take effect, offering some financial relief.



We analyzed a scenario where an individual with a salary and a #homeloan (twice their salary) and 12 EMIs already paid stands to save significantly in the new fiscal year.



For incomes between ₹10 lakh and ₹50 lakh, these savings could range from approximately ₹53,000 to ₹160,000.

1 year ago | [YT] | 2

BankBazaar - Credit Cards & Free Credit Score

The hashtag#UnionBuget2025 is here! These are the latest revisions introduced for the hashtag#NewTaxRegime

1 year ago | [YT] | 3

BankBazaar - Credit Cards & Free Credit Score

Join us here: https://youtu.be/bZ0GfTYxIQI in 1 hour while BankBazaar CEO Adhil Shetty and @HDFC Ltd MD, Ms. Renu Sud Karnad discuss Managing Home Loans Amidst Covid-19.

#homeloan #covid19 #finance #banking

5 years ago | [YT] | 0

BankBazaar - Credit Cards & Free Credit Score

Visit us here: https://youtu.be/bZ0GfTYxIQI on Monday at 12:30pm while BankBazaar CEO Adhil Shetty and ‪@hdfchomeloan‬ MD, Ms. Renu Sud Karnad discuss Managing Home Loans Amidst Covid-19.

#homeloan #covid19 #finance #banking

5 years ago | [YT] | 0

BankBazaar - Credit Cards & Free Credit Score

Compare #PersonalLoan interest rates with a simple Loan #EMI Calculator offered by BankBazaar and save on your next Personal Loan.

Click here --> bbzr.co/3iAsInN

5 years ago | [YT] | 0