Shivam, Author at Your Personal Finance Ecosystem!

February 26, 2025 / By Shivam

I am a tenant with an NRI landlord. I’ve been informed that the TDS on my rent will be deducted at 30%, but I believe my landlord’s tax liability could be lower. Can I apply for a reduction in TDS, and if so, how?

Yes, as a tenant paying rent to an NRI landlord, you are required to deduct TDS at the rate of 30% on rent payments. However, if your landlord's actual tax…

Tax

February 26, 2025 / By Shivam

I often switch jobs to explore better opportunities and career growth. Could this impact my chances of getting a personal loan?

Yes, job changes frequently can affect personal loan approval. Here's how: • Employment Stability: Lenders value a consistent employment history, as it demonstrates reliability and financial stability. Frequent job changes…

Credit

February 26, 2025 / By Shivam

What steps can I take to reduce TDS on my salary, and how can I claim deductions for taxes already paid on other incomes?

To reduce TDS on your salary and manage your taxes better, follow these steps: •Declare Tax-Saving Investments: Inform your employer about your investments like PPF, NPS, or insurance plans that…

Tax

February 26, 2025 / By Shivam

Can I avail home loan tax benefits on a second home purchase in Bengaluru while forgoing benefits on my first loan, which has been substantially repaid?

Yes, you can avail home loan tax benefits on a second home purchase in Bengaluru, even if your first loan is almost paid off. The tax laws don’t restrict you…

Tax

February 21, 2025 / By Shivam

The Break-Down of Income Tax Changes 2025!

Explore the 2025 income tax changes, new slabs, rebates, savings breakdown, and key updates to understand how they impact your taxes and financial planning.

Tax

January 30, 2025 / By Shivam

What Changed in Income Tax in 2024 and How Will It Impact Your ITR Filing in 2025?

Discover the key income tax changes in 2024 and how they’ll impact your 2025 ITR filing. From new tax slabs to higher deductions, Here's everything you need to know!

Tax

January 11, 2025 / By Shivam

How to choose the best Health Insurance policy?

Health insurance is essential, but you don't always get what you expect, at-least most of the people don't. So, let us tell you what to look for exactly!

Insurance

December 28, 2024 / By Shivam

How to read your Salary Slip and maximise your In-hand pay?

Salary slip helps you get a clear picture of where your money goes and can help you catch errors, make the most of benefits, and negotiate smarter. But how?

Salary

Author name: Shivam