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Deepak Parekh’s Money Rules For Gen Z: Borrowing, Saving, Investing & Growing Wealth In Chanda Kochhar podcast, Deepak Parekh, Former Chairman of HDFC shares the financial advice for youngsters starting with a golden rule: never let more than 25% of your income go into loan repayments. He warns against the growing trend of borrowing to get rich quick, urging young investors to take a more disciplined, long-term view. From SIPs and mutual funds to life insurance and property, Parekh emphasizes the importance of diversification, patience, and financial protection in an uncertain world. He also points out that many new investors haven't experienced a real market crash yet—and when it comes, it will test their resolve.  https://www.msn.com/en-in/video/money/deepak-parekh-s-money-rules-for-gen-z-borrowing-saving-investing-growing-wealth/vi-AA1HdAW0?ocid=socialshare 

To prevent a bank from deducting Tax Deducted at Source (TDS) on Fixed Deposit interest, an eligible depositor must submit Form 121 . Form 121 has been introduced as a unified self-declaration form that replaces the earlier age-based Form 15G and Form 15H system. Key points regarding submission of Form 121 are as follows: Eligibility Requirement: Form 121 can be submitted only if your estimated total income for the entire financial year—including FD interest, salary, pension, rental income, and any other income—is below the taxable limit and your net tax liability for the year is expected to be zero . Single Form for All Individuals: Unlike the earlier system where non-senior citizens used Form 15G and senior citizens used Form 15H, Form 121 is a single standardized declaration form applicable to all eligible resident individuals, irrespective of age. Submit at the Beginning of the Financial Year: The form should ideally be submitted in April, at the start of each finan...

  Taxation of Cumulative Fixed Deposits (FDs) If a person invests in a cumulative fixed deposit where the interest is reinvested every year and the entire amount is redeemed after 3 years, the cumulative interest and tax treatment work as follows: Tax is Calculated on an Accrual Basis: Even though the interest is not physically received until maturity, the interest earned each financial year is considered taxable income for that year. Annual Tax Reporting is Mandatory: The accrued interest must be reported every year in the Income Tax Return (ITR) under the head “Income from Other Sources.” Taxed According to Your Income Tax Slab: The interest earned during each year is added to your total income and taxed at your applicable slab rate for that year. Compounding Increases Taxable Interest Each Year: Since interest is reinvested, subsequent years generate interest on both the original principal and previously earned interest. As a result, the taxable interest amount ...

  Based on data in a news article in :India Today'     https://www.indiatoday.in/information/story/india-cost-of-living-2000-vs-2026-price-comparison-sparks-debate-2921833-2026-06-04 From 2000 to 2026, the average annual inflation rate works out to about 6–7% for essentials like petrol, LPG, and milk, though each product shows a different trajectory. Petrol rose slower than LPG and milk, which saw sharper yearly increases. --- 📈 Estimated Annual Inflation Rates (2000–2026) - Petrol     - Price: ₹26 (2000) → ₹102 (2026)     - Growth factor: 3.92× over 26 years     - Annual inflation ≈ 5.5% per year     - Driven by crude oil volatility, rising taxes, and transport costs. - LPG Cylinder     - Price: ₹157 (2000) → ₹912 (2026)     - Growth factor: 5.81× over 26 years     - Annual inflation ≈ 7.6% per year     - Despite subsidies, LPG remains a major hou...