Key Points
For some, it marks the beginning of revisiting existing investments or exploring new opportunities for financial growth..
This is evident in the prevalence of financial resolutions aimed at enhancing bank accounts and wallets, making money a commonly chosen topic for New Year resolutions..
Preeti Sharma, Partner, Tax & Regulatory Services, BDO India shared, The substantial part of your total income is earmarked by the Government towards taxes either collected directly when you earn (income-tax) or indirectly when you spend GST..
While defining your financial goals, whether its saving for home, retirement, education, foreign holiday, or buying new electronics for your house, educate yourself about tax impact.".
Establishing money mantras is a pivotal step in gaining insight into your financial expenditures and making well-informed decisions..
