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- Posted:4th February, 2025
- Updated:4th February, 2025
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Salaried Individuals have more flexibility when it comes to changing tax regimes every year as compared to professionals.
Read More - Posted:4th February, 2025
- Updated:4th February, 2025
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https://www.shriramfinance.in/financial-faq - 763
The lock-in period for Equity Linked Savings Schemes (ELSS) is 3 years from the date of investment. This lock-in mandates that investors cannot redeem or withdraw their ELSS investment for at least 3 years after investing.
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- Updated:4th February, 2025
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https://www.shriramfinance.in/financial-faq - 2379
The income tax rate on a monthly salary of ₹60,000 will depend on the income tax regime chosen by the individual.
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https://www.shriramfinance.in/financial-faq - 2784
In Budget 2023, the finance minister introduced a new simplified tax regime under which taxpayers with an annual income of up to ₹7 lakhs will not have to pay any tax.
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- Updated:4th February, 2025
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https://www.shriramfinance.in/financial-faq - 840
Most loan providers permit prepaying or foreclosing your loan against the property before the tenure is completed; however, certain penalty charges apply.
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https://www.shriramfinance.in/financial-faq - 740
Equity-linked Savings Schemes (ELSS) have a mandatory lock-in period of 3 years. Investments withdrawn before 3 years face penalties.
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- Updated:4th February, 2025
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https://www.shriramfinance.in/financial-faq - 1344
Missing an EMI payment for your loan against property can lead to serious consequences.
Read More Popular FAQs
- Can I invest ₹50 lakhs in an FD?
- What age proof is required for a senior citizen fixed deposit?
- Is there any minimum tenure for booking a reinvestment fixed deposit?
- Is the nomination facility available for five-year fixed deposits?
- Is my fixed deposit of ₹1 Lakh insured?
- Is it possible to get interest payouts from an FD every month?
- Can I break FD in the lock-in period?
- Can I add/update a nominee in FD?
- Is a 5-year FD a good investment?
- What is the minimum tenure for which one can open an FD account?
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