Essen Finserv

The table showcases the potential future value of investing ₹1 per month at various interest rates across different time horizons. Example: Investing ₹1 per month for 120 months (10 years) at an annual interest rate of 15%, compounded annually, will result in a total investment of ₹120 accumulating to ₹275.22. This demonstrates the power of compounding, where even minimal investments can grow substantially over extended periods with regular investments.

The table above demonstrates the future value of investing ₹1 per month at various interest rates over different time horizons. Example: If you invest ₹1 per month for 120 months (10 years) at an interest rate of 15% per annum compounded annually, your total investment of ₹120 will grow to ₹275.22. This illustrates the power of compounding — even small, can grow significantly over long time when invested regularly.

Happy New Year 🎊

Subho Bijoya!

_*Budget 2024 Highlights*_

New Tax rate structure revised,
0-3 lac - Nil
3-7 Lac - 5%
7-10 Lacs - 10%
10-12 Lacs - 15%
12-15 Lacs - 20%
15 Lacs or more - 30%

Standard deduction increased from 50,000 to 75,000.

Standard deduction for family pensioners increased from 15,000 to 25,000.

Tax deduction on NPS contributions to be raised from 10% of salary to 14% for both pvt. & govt. employees.

Unlisted bonds and debentures, debt mutual funds and market-linked debentures, to be taxed on capital gains irrespective of holding period as per tax slab rates.

Short-term gains on Equity Instruments will attract 20%

Long term Capital Gains on Equity Instruments will now attract 12.5% with exemption up to 1.25Lacs

more updates to follow..

Magh Bihu 🎉🎊🎉

Happy Diwali 🪔

Wish you all a very happy new year!