The Vibe Journal: Finance Blogs

The taxable income slabs divide the taxpayers into different categories and assign them different tax rates. These categories depend on the age of the taxpayers, as mentioned below: These slabs also vary depending on the regime you opt for. By knowing these slabs and the applicable rates, you can plan your finances and taxes accordingly.  …

Every taxpayer who falls under the tax bracket is required to pay income tax as per the law. Once you file your returns, the Income Tax Department reviews your details to verify if everything is accurate. This process is known as assessment in income tax. The assessment procedure of income tax helps the department ensure …

Understanding the rules for gratuity tax exemption is crucial for employees who may receive it. Any person who works in an establishment with more than 10 workers for 5 continuous years is liable to receive this sum on termination of employment or as a post-retirement benefit.  In case of an employee’s disability due to a …

As a taxpayer, it is important to know the deadline for income tax filing to avoid penalties and interest that you need to pay on the fine. These dates can help you create and stick to a timeline and sort out your finances.   Generally, the last date for filing your tax for the financial year …

A TDS check helps you confirm whether the tax deducted from your salary, interest income, rent, commission or other payments has been correctly deposited with the government. This is important before filing your Income Tax Return, as even a small mismatch can affect your refund or create a tax notice risk.   Wondering how to check my TDS, how to check TDS online or how to …

You might wonder what is moratorium when looking at loan terms. It’s simply a pause on your EMI payments for a limited time. During this break, you don’t need to repay the loan, and there’s usually no penalty. It’s a helpful option built into many loans to give you some breathing space when needed. Keep …

What is credit control and why does it matter when you apply for a loan? Simply put, credit control meaning refers to how lenders decide who gets credit, how much and on what terms. It helps banks and NBFCs avoid lending to risky applicants.  If your credit score is low or you’ve missed EMIs, you …

Do you know how the repo rate increase affects your personal finances? When you apply for a loan, lenders levy an interest rate. However, this isn’t a random number but a carefully calculated rate based on the prevailing repo rate and the institution’s policy. Here are some essential points that you need to know: What …

With many convenient options available, you can effortlessly make an online loan payment. This is because modern financial service providers allow you to manage your loan EMI online. As such, you can pay easily through multiple online options at your convenience. You can use a lender’s portal or third-party payment apps to conveniently: Knowing about …

India has 4 RBI-approved credit bureaus in India that track how you use and repay credit. These bureaus are TransUnion CIBIL, Experian, Equifax and CRIF High Mark. Among them, CIBIL is the most commonly used, especially when lenders assess individual borrowers. These credit information companies collect repayment details from banks, NBFCs and other lenders. Lenders …