A bit late on social media today as digital medium doesn't give you much time to go for long strolls.

But here's a summary of @moneycontrolcom Personal Finance's coverage of Budget 2024. ⏬⏬ #BudgetWithMC The new income tax regime gets sweeter

✅Slab rates slightly tweaked. Basic exemption not raised, but slab rates made more attractive. The rebate continues.

✅Standard deduction under the new regime goes up to Rs 75,000, up from Rs 50,000 earlier.

✅Standard deduction is a flat deduction in taxable income. Available to salaried individuals and pensioners. Easiest to give away, no documents required. And it is a flat deduction; your taxable income comes down by that extent.

✅Old income tax slabs remain unchanged. The finance minister was frank in saying that although there is no visibility on the sunset of the old regime, the new regime is the way forward.

✅I think we now have to accept that Section 80C, Section 80D and other tax deduction benefits are a benefit of the past.

Check out how much you save from the new tax regime tweaks made in Budget (July) 2024 🔽🔽

...and also @Preeti__Kul 's story on @moneycontrolcom Personal Finance. #BudgetWithMC

Nomination in a financial instrument is often touted to be an important tool in succession planning. But reality can be quite different.

Let's look at a case study.
Suresh is a Hindu male. Wife: Laxmi. Children: Mahesh and Stuti. Suresh has named his wife Laxmi as the nominee. After the primary holder's death, the nominee can get the bank account money that belonged to the primary holder. But s/he is answerable to the legal heirs.

Planning for children's expenses.
From kiddo costs to higher education.
There are near-term expenses + long-term goals.
Where to begin?

Here's a must-read guide by @moneycontrolcom columnist @DubeyEela To get a grasp of what hits your children's expense the most, take a look at this. In the beginning, it's mostly clothing, food and healthcare.

In later years, education costs go up
@DubeyEela @moneycontrolcom

Worried about finding the right mutual fund from over 1,500 schemes?
@moneycontrolcom brings MC30; a curated basket of 30 mutual fund schemes. We'll update this basket once every year. Don't invest in all 30. Pick 6-10 schemes.

Our MC30 list of schemes. 📜
We've got you covered. Equity, debt, international and gold funds.
@dhuraivel @moneycontrolcom

moneycontrol.com/mutual-fund/mc…

Why do you need a Will? In #Covid_19, why is it so important?

✔️Death is sudden..Decide who gets what, NOW.
✔️Avoid disputes LATER.

A 4-part video series I did with @GMashruwala around 2 years ago on Wills and Estate planning...just 10 minutes each. WATCH. @moneycontrolcom Why do you need a Will? #COVID19

✔️Absence of clarity can lead to disputes, later
✔️Eveyerone needs a Will; not just the rich
✔️Mention real-estate, jewellery too in your Will
✔️Isn't nomination enough?
with @GMashruwala @moneycontrolcom

dailymotion.com/video/x74wehx

You see them in their swanky cars, in business class seats, in high street malls. But how do crorepatis manage their money?
What can we LEARN from them? And which of their habits should we AVOID?
Presenting a 3-part personal finance series @moneycontrolcom. INVESTING lessons from the rich. @moneycontrolcom
No matter how much money they have, they don't let money remain idle in their savings account.
For more such takeaways, read this 👇

moneycontrol.com/news/business/…

The biggest lesson we have all learnt from #COVID19 is the need to have health insurance.
Here's a select list of health insurance stories that we @moneycontrolcom personal finance have done in recent past.
For a better understanding of where to start.
@Preeti__Kul Sure, your company provides you with a health insurance cover. But you must also have your own personal health insurance policy. This is very important. @Preeti__Kul @moneycontrolcom @MoneycontrolH

moneycontrol.com/news/business/…

If you've missed @moneycontrolcom special week-long series on women financial advisors and distributors who've made a difference, then here goes the series once again. Read their inspiring stories right here.
CC: @TheGreatGruhini Meet Chennai-based Renu Maheshwari (@renumaheshwari3). Aside from her financial planning profession, she conducted financial literacy courses at a women's college. Now, she also recruits her staff from there. @moneycontrolcom @TheGreatGruhini

Read--> moneycontrol.com/news/business/…