#tcs on foreign travel

[vakilkarosblog]

Introduction:-

As the world becomes more interconnected, individuals often find themselves managing assets in different countries. While diversifying investments globally can be beneficial, it also introduces additional complexities when it comes to filing your Income-Tax Return (ITR). This article aims to shed light on the tax implications of foreign assets and provide guidance on navigating the ITR filing process in such cases.

Taxation of Foreign Assets:-

1.Residential Status and Tax Liability:

Your residential status plays a crucial role in determining how your foreign assets are taxed in India. The Indian tax system distinguishes between residents and non-residents, each subject to different tax rules.

2. Income from Foreign Assets:

Income generated from foreign assets, such as rental income from property or dividends from foreign investments, must be declared in your ITR. This includes interest earned on foreign bank accounts and gains from the sale of foreign investments.

3. Foreign Bank Accounts:

Foreign bank accounts, including savings and fixed deposits, must be disclosed in your ITR, even if they do not generate any income. This ensures compliance with the Foreign Exchange Management Act (FEMA).

4. Foreign Property Ownership:

If you own property abroad, you are required to report it in your ITR. Additionally, you must account for any rental income, property taxes, and potential capital gains.

5. Foreign Investments:

Income from investments like stocks, bonds, and mutual funds held overseas is taxable in India. It's essential to report these assets accurately, including details of dividends and capital gains.

Claiming Tax Relief:-

1. Double Taxation Avoidance Agreements (DTAA):

India has entered into DTAA with many countries to prevent the same income from being taxed twice. Under DTAA, you may be able to claim tax credits or exemptions for foreign taxes paid.

2. Foreign Tax Credits:

If you've paid taxes on your foreign income in the country where it was earned, you can claim a credit for those taxes while filing your ITR in India. This helps avoid double taxation.

ITR Filing Process for Foreign Assets:-

1.Choose the Correct ITR Form:

Depending on the nature and extent of your foreign assets, select the appropriate ITR form. For instance, ITR-2 may be applicable for individuals with foreign income.

2. Provide Comprehensive Information:

Ensure all relevant details about your foreign assets, including income earned and taxes paid abroad, are accurately recorded in the ITR form.

3. Attach Required Documents:

Supporting documents such as foreign tax returns, bank statements, property ownership documents, and investment statements should be attached with your ITR.

4. Report Foreign Assets Separately:

Use the relevant sections in the ITR form to report foreign assets. Provide specific details about each asset, including its location, value, and income generated.

Conclusion:-

Effectively managing and reporting foreign assets in your Income-Tax Return is crucial for maintaining compliance with Indian tax laws. Understanding the tax implications and following the correct ITR filing process can help you navigate this complex terrain with confidence. By adhering to the guidelines provided in this article, you can ensure that your ITR accurately reflects your global financial position while minimizing the risk of any penalties or legal issues.

[scrumptiouskiddefendor]

Tata Group Expands Investment in Andhra Pradesh under Chandrababu Naidu's Leadership

The Tata Group, one of India’s largest multinational conglomerates, has solidified its investment plans in Andhra Pradesh, following a series of discussions with the state’s former Chief Minister, N Chandrababu Naidu. This collaboration is part of Naidu’s broader vision to transform Andhra Pradesh into a "Swarna Andhra Pradesh" (Golden Andhra Pradesh) by 2047, with a focus on rapid industrialization, economic development, and employment generation. As part of this initiative, Naidu and Tata Group Chairman Natarajan Chandrasekaran agreed to the formation of a special task force to explore and implement investment opportunities across various sectors. The task force, co-chaired by Naidu and Chandrasekaran, will focus on expanding the state’s economic landscape by attracting private sector investments and driving new industrial projects​

One of the flagship projects within this framework is the Centre for Global Leadership (CGL), which will be established in the state capital, Amaravati. The CGL will be developed in collaboration with the Confederation of Indian Industry (CII) and is aimed at providing leadership training and research to support the state’s industrial ecosystem. This initiative underscores the state government’s long-term vision to make Andhra Pradesh a hub for global business leaders. A significant part of the Tata Group’s investment is focused on information technology (IT) and its associated industries. One of the immediate outcomes of the Naidu-Chandrasekaran discussions was the announcement of a Tata Consultancy Services (TCS) development center to be set up in Visakhapatnam. The presence of TCS, one of India’s largest IT service providers, is expected to boost the IT infrastructure in Andhra Pradesh and create employment opportunities for thousands of skilled professionals. In addition to IT, Naidu encouraged the Tata Group to explore potential investments in other high-growth sectors such as electronics, food processing, automobile manufacturing, renewable energy, telecommunications, and chemical industries​Another key focus area of the partnership is enhancing air connectivity within Andhra Pradesh. The Tata Group, through its aviation arms Air India and Vistara Airlines, plans to increase operations within the state, improving both domestic and international travel options. Improved air connectivity is seen as a crucial enabler for economic growth, facilitating business travel, tourism, and investment​. One of the most critical objectives of this partnership is job creation. Andhra Pradesh’s state government, led by Naidu, has set an ambitious goal to generate employment for 20 lakh (2 million) people over the next five years. The Tata Group’s investments in IT, industrial parks, and air travel will contribute significantly to this goal, especially by providing direct employment and catalyzing related industries​. Naidu’s government has also prioritized the development of micro, small, and medium enterprises (MSMEs) and industrial development parks, with a special focus on sectors like food processing, aqua and horticulture, and mineral-based industries. These initiatives are expected to attract both domestic and foreign investors, further boosting the state’s economic potential.

The Tata Group’s investments in Andhra Pradesh mark a significant milestone in the state’s journey towards becoming an economic powerhouse in India. Chandrababu Naidu’s leadership and the Tata Group’s expertise and resources have laid a strong foundation for future growth. By focusing on technology, industrialization, and infrastructure, the partnership aims to transform Andhra Pradesh into a "Swarna Andhra Pradesh" by 2047. The collaboration promises economic growth and aims to position Andhra Pradesh as a leader in innovation, job creation, and sustainable development, thus enhancing its appeal as a destination for both national and global investors.follow the TDP Live Update website.

[taxassistantorg]

Salaried Employees: What’s New in Your Form 16 for FY 2024-25?

Navigating your taxes can feel like a maze, but for salaried employees, Form 16 is your trusty map. This crucial document lays out your total salary, any TDS (Tax Deducted at Source), and how your tax was calculated.

Key Updates for Your FY 2024-25 ITR Filing (AY 2025-26)

The Income Tax Return (ITR) filing season for FY 2024-25 has officially kicked off, with Forms 1 to 4 now available. However, if you’re a salaried individual, you’ll need to hold tight until June 15, 2025, as that’s the deadline for employers to issue your Form 16.

This year, you get a bit of extra breathing room! The Income Tax Department has extended the ITR filing deadline to September 15, 2025, giving you more time to get your financial ducks in a row.

What’s New in Form 16 for FY 2024-25?

For the current financial year, there are some notable changes in Form 16, particularly if you’ve opted for the new tax regime. Here’s what salaried taxpayers should be aware of:

Higher Standard Deduction (New Tax Regime): If you’ve chosen the new tax regime, the standard deduction for salaried individuals has jumped from ₹50,000 to ₹75,000. This increased deduction will be reflected in your Form 16. Just remember, if you switch back to the old regime when filing your ITR, the standard deduction reverts to ₹50,000.

More Comprehensive TDS/TCS Details: Form 16 will now include details of TDS from other income sources (like interest from fixed deposits or dividends) and TCS (Tax Collected at Source) on specific expenditures (such as foreign travel). This applies if you’ve submitted Form 12BBA to your employer. This change allows employers to factor in these amounts, potentially reducing the TDS on your salary.

Increased NPS Deduction for Employer Contributions (New Tax Regime): For those under the new tax regime, the deduction under Section 80CCD (2) for your employer’s contribution to your National Pension System (NPS) account has been increased to up to 14% of your basic salary. This higher deduction will appear in your Form 16 if you’re in the new tax regime. If you switch to the old regime during ITR filing, this deduction will be capped at 10% of your basic salary.

Don’t Forget These Important Steps!

Verify Your Form 16: Once you receive your Form 16, make sure to cross-check all the details with your Form 26AS and Annual Information Statement (AIS). This helps catch any discrepancies early.

Old vs. New Tax Regime: While the new tax regime is now the default, you still have the option to choose the old tax regime. Your Form 16 will reflect the regime you selected for TDS purposes. If you change your mind when filing your ITR, be sure to understand the impact on your deductions and tax liability.

Enhanced ITR Disclosures: The ITR forms for FY 2024-25 now require more detailed information for various deductions under the old tax regime (e.g., House Rent Allowance, Section 80C, 80D). Even if your Form 16 is accurate, keep supporting documents handy for these claims.

By staying informed about these changes, you’ll be well-prepared for a smooth and accurate ITR filing experience for FY 2024-25

[fincircindia]

TCS on Foreign Remittances 2025 | Fincirc India: Stay updated with the latest changes in Tax Collected at Source (TCS) under the Liberalised Remittance Scheme (LRS) for 2025. The Indian government has revised TCS rates on foreign remittances, affecting overseas education, travel, and investment transactions. Fincirc India provides detailed insights and expert guidance to help you navigate these changes, ensuring compliance and smart financial planning. Learn how the updated TCS rules impact your international money transfers and how to minimize tax burdens legally. Trust Fincirc India for timely updates, expert tax advice, and comprehensive remittance solutions in 2025.

[study-abroad-delhi]

Top Study Abroad Consultants in India: How They Can Help You Achieve Your Dreams

Studying abroad is a dream nurtured by countless Indian students each year. From the allure of top global universities to the promise of better career opportunities, international education has become a stepping stone to a brighter future. However, the road to overseas education is filled with critical decisions and complex procedures—choosing the right course, university, country, and navigating admissions, visas, and financial planning. That’s where top study abroad consultants in India play a pivotal role.

These experts not only guide you but also help transform your aspirations into achievable milestones. Here's how the best in the field can help you realize your global academic dreams.

1. Personalized Counseling and Course Selection

Top consultants understand that every student is unique. They evaluate your:

Academic background

Career goals

Financial capacity

Preferred destinations

Based on these factors, they help you select the most suitable course and university. This tailored approach increases your chances of academic success and career fulfillment.

2. University and Country Selection

With thousands of institutions and dozens of countries to choose from, it’s easy to feel overwhelmed. Reputed study abroad consultants have tie-ups with top universities in countries such as:

USA

UK

Canada

Australia

New Zealand

Germany

Ireland

They help you choose not only the right university but also the right country that fits your academic interests and lifestyle.

3. Flawless Application and Admission Process

The application process for foreign universities is often lengthy and complicated. Top consultants help with:

Application form filling

Statement of Purpose (SOP) and Letters of Recommendation (LOR)

Resume editing

Application fee payments

Deadline management

Their experience ensures your applications are submitted correctly and on time.

4. Coaching for Entrance Exams

Most international universities require language proficiency tests like IELTS, TOEFL, or PTE. Others may need GRE or GMAT scores for graduate programs. Top consultants often provide:

In-house coaching classes

Study material and mock tests

Exam booking assistance

Affordable exam vouchers

For example, Grace International, a leading study abroad consultant in India, offers TOEFL exam vouchers to help students prepare effectively without financial stress.

5. Visa Assistance and Interview Prep

Visa rejection is a major concern for many aspiring students. The best consultants guide you through:

Gathering financial and academic documents

Filling out visa application forms

Preparing for interviews with mock sessions

Understanding embassy protocols

Their support increases the likelihood of visa approval significantly.

6. Pre-Departure and Post-Arrival Support

Top study abroad consultants go beyond admission. They help with:

Flight bookings

Accommodation options

Travel and medical insurance

Foreign exchange and bank account setup

Cultural orientation sessions

These services ensure you’re well-prepared for life in a new country.

Who Are the Top Study Abroad Consultants in India?

Several names stand out due to their reputation, student success rate, and global reach. Some of the best include:

⭐ Grace International

Offices across India with global partnerships

Expert counseling and test prep

Affordable TOEFL vouchers

High visa success rate

Excellent post-arrival support

⭐ IDP Education

Partnered with top universities globally

Known for IELTS coaching and support

Offices in major Indian cities

⭐ The Chopras (TC Global)

Personalized guidance with a tech-driven approach

Emphasis on student experience and outcomes

⭐ Edwise International

Strong university network

Free counseling and end-to-end support

Each of these consultants has helped thousands of students successfully pursue education abroad.

Conclusion

Choosing the right study abroad consultant is like choosing a co-pilot for your global journey. The right guidance can open doors to prestigious universities, smoothen complex procedures, and ease your transition to a new life.

If you're serious about making your study abroad dream a reality, consider working with experienced and trusted names like Grace International—a consultant that walks with you every step of the way, from choosing the right path to landing in your dream destination.

[jjtax]

Is Foreign Remittance Taxable in India? 💰

Thinking of sending money abroad? Whether it's for education, travel, investment, or gifting, foreign remittances from India are subject to Tax Collected at Source (TCS). Here's everything you need to know about the latest TCS rates, exemptions, and how to reduce your tax burden.

🔍 What is Foreign Remittance?

Foreign remittance is when an individual sends money from one country to another. It can be inward (money received from abroad) or outward (money sent abroad). In India, outward remittances—money sent from India to a foreign country—are taxed under the Liberalised Remittance Scheme (LRS).

⚡ Latest TCS Rates on Foreign Remittance

The Union Budget 2023 brought a major update—TCS rates increased from 5% to 20% for many foreign transactions from October 2023. Here’s a breakdown:

📚 Education Expenses

✅ Up to ₹7 Lakhs – No TCS ✅ Above ₹7 Lakhs (via Education Loan) – 0.5% TCS ✅ Above ₹7 Lakhs (Self-Funded) – 5% TCS ✅ If not proven as education-related – 20% TCS

🏥 Medical Expenses

✅ Up to ₹7 Lakhs – No TCS ✅ Above ₹7 Lakhs – 5% TCS (includes travel for treatment)

✈️ Overseas Tour Packages

✅ Any Amount – TCS Applicable ✅ Below ₹7 Lakhs – 5% TCS ✅ Above ₹7 Lakhs – 20% TCS

📈 Foreign Investments (Stocks, Crypto, Mutual Funds)

✅ Above ₹7 Lakhs – 20% TCS ✅ Indian Mutual Funds investing in foreign stocks – Not taxed under LRS

💳 Debit, Credit & Forex Cards

✅ Credit card transactions – Exempt from LRS ✅ Forex & Debit card transactions above ₹7 Lakhs – 20% TCS

🚀 How to Save Tax on Foreign Remittances?

✔️ Use an education loan for overseas studies (lower TCS rate). ✔️ Plan remittances within the ₹7 lakh exemption limit to avoid higher tax. ✔️ Keep your PAN updated to prevent increased TCS charges. ✔️ Consult tax experts to structure remittances efficiently.

💡 Need Expert Tax Advice?

Navigating foreign remittance taxes can be tricky, but JJ Tax has you covered! 📢 Book a FREE 15-minute consultation with our experts & save on unnecessary taxes.

📲 Visit www.jjfintax.com today.

[amity11]

Best Bcom Colleges in Jharkhand, Ranchi| Career guidance, eligibility & top placement

Commerce is a very versatile field with multiple career options and Amity, the top university in India specialises in educating and providing training to future business leaders to achieve the highest standards of professional competence and practice. Amity Ranchi plays a pivotal role in developing tomorrow's world leaders plays. 

The focus is not only on making students excel academically but also on making them true leaders and team players by providing them with the skills they need to successfully integrate into the corporate world. Best Bcom Colleges in Jharkhand, Ranchi Amity has one of the premier faculty teams made up of respected academics and business leaders to ensure the highest standards of teaching and learning.   

Courses students can choose from after their Intermediate 

Courses after 12th Commerce with Maths

Courses after 12th Commerce Without Maths

BCom Hons

C.A. (Chartered Accountancy)

B.E (Bachelor of Economics)

B.F.A  (Bachelor of Finance and Accounting)

B.C.A(Bachelor of Computer Applications)

 B.Sc. (Applied Mathematics)

B.Sc. Hons (Maths)

B.Sc. (Statistics)

BIBF (Bachelor of International Business and Finance)

BJMC (Bachelor of Journalism and Mass Communication)

BCom (Bachelors of Commerce)

BBA (Bachelors of Business Administration)

Company Secretary

Bachelors in Travel and Tourism

Bachelors in Hospitality

Bachelor of Journalism

Bachelor in Event Management

Bachelor in Hotel Management

BBA LLB 

BMS (Bachelors of Management Studies)

BA LLB

Bachelor of Foreign Trade

BBS (Bachelor of Business Studies)

BSc. Animation and Media

B. Ed (Bachelor of Education)

Bachelor of Social Work

Bachelor of Vocational Studies

Bachelor of Arts

B.A. (Hons)

Bachelor of Interior Designing

Why should you choose Amity University for your BCom journey?

Choosing a university can be a critical decision that can significantly impact your career and future prospects. Here are five points that may help you understand why you should choose the best university for Bcom in Ranchi.

Quality education

Amity, the best university for Bcom in Ranchi is known for providing quality education to its students. The faculty members are experienced and knowledgeable, and the curriculum is designed to meet industry standards. The college also provides access to various online resources, such as e-books, journals, and databases, to facilitate learning.

Industry-oriented programs

The college offers industry-oriented programs that focus on practical skills and hands-on experience. The curriculum includes internships, industry visits, and projects, which help students gain real-world experience and prepare them for the job market.

State-of-the-art facilities

Amity Ranchi has state-of-the-art facilities, including well-equipped labs, libraries, and classrooms. The college also provides facilities such as sports, a gymnasium, and a recreation centre for students' overall development.

Placement opportunities

Amity Ranchi has a strong placement record, with companies such as TCS, Wipro, Infosys, and Amazon recruiting students from the college. The college also provides placement training and career guidance to students to help them prepare for job interviews.

Student-centric approach

Amity Ranchi has a student-centric approach, which means that the college focuses on the overall development of students, including their academic, social, and personal growth. The college also provides various opportunities for extracurricular activities, such as sports, cultural events, and clubs, to help students develop their skills and interests.

Conclusion

Amity Ranchi is a leading college in Jharkhand that offers Bachelor of Commerce (Hons) programs to students . The college is well-known for its high-quality education and student-centric approach, making it the top university for Bcom in Ranchi. 

Amity Ranchi offers a rigorous curriculum that focuses on theoretical and practical learning, providing students with a solid foundation in commerce, finance, and accounting. The college also offers a Bachelor of Commerce (Honours/Research) program that enables students to pursue advanced research in their area of interest. For more information visit us at www.amity.edu/ranchi

[accteezindia]

If you meet any of the conditions below, filing ITR is mandatory to avoid receiving an Income Tax notice:

Bank Deposits Over 50 Lakhs: If your savings account deposits exceed Rs. 50 lakhs annually. Current Account Deposits Over 1 Crore: Depositing Rs. 1 crore or more in current accounts. Annual Sales Turnover Over 60 Lakhs: If your business turnover exceeds Rs. 60 lakhs. Professional Income Over 10 Lakhs: If your professional income surpasses Rs. 10 lakhs. Electricity Bill Over 1 Lakh: If your annual electricity bill exceeds Rs. 1 lakh. TDS/TCS Over 25,000: If TDS/TCS is more than Rs. 25,000 (Rs. 50,000 for senior citizens). Income from Foreign Assets: If you own or benefit from foreign assets. Foreign Travel Expenses Over 2 Lakhs: Spending Rs. 2 lakhs or more on foreign travel.

Exemptions from ITR Filing: Seniors over 75 years of age, earning only pension and interest from the same bank, are exempt if their bank deducts TDS.

Benefits of Filing ITR:

Easy Loan Approval: ITR as proof of income aids in loan approvals. Tax Refund: Claim refunds if excess TDS is deducted. Income and Address Proof: Valid for banks and financial institutions. Quick Visa Processing: Required for visa applications. Carry Forward Losses: Offset future income with past losses. Term Insurance: Helps in buying term insurance. Claim Excess Tax Payments: Get refunds on excess TDS.

Filing ITR ensures compliance, helps avoid penalties, and avails various financial benefits. Contact us at 8860632015 to assist you with seamless ITR filing.

[webtelcompliancesolutions]

Higher TCS 5% to 20% Foreign Tour Packages & IRS | Revised TCS Rate

If you are planning to travel Outside India through a Travel Agent Or if you have to send remittances outside India then be prepared to pay more than the expected amount. In this video of Compliance Tuesday, we have discussed the applicability of the New Revised rate of TCS w.e.f. from 1st Oct 2023. All information about Payment applicable for TCS Deduction and other important points to be remembered.

Click here to watch full video: https://youtu.be/wNBKDJRovrU

[blogynews]

"October 1 Travel Bombshell: Travel Agents Urge Government to Scrap Oppressive TCS on Foreign Tours!"

The Indian travel industry has submitted a request to the government to reverse the implementation of the “draconian” Tax Collected at Source (TCS) on foreign tours, which is scheduled to begin on October 1, 2023. Instead, they propose imposing a standard 2.5% tax on all foreign spends made by individuals with a valid PAN Card. The Travel Agent Federation of India (TAFI) has sent a letter to…

[blogynewz]

"October 1 Travel Bombshell: Travel Agents Urge Government to Scrap Oppressive TCS on Foreign Tours!"

The Indian travel industry has submitted a request to the government to reverse the implementation of the “draconian” Tax Collected at Source (TCS) on foreign tours, which is scheduled to begin on October 1, 2023. Instead, they propose imposing a standard 2.5% tax on all foreign spends made by individuals with a valid PAN Card. The Travel Agent Federation of India (TAFI) has sent a letter to…

[blogynewsz]

"October 1 Travel Bombshell: Travel Agents Urge Government to Scrap Oppressive TCS on Foreign Tours!"

The Indian travel industry has submitted a request to the government to reverse the implementation of the “draconian” Tax Collected at Source (TCS) on foreign tours, which is scheduled to begin on October 1, 2023. Instead, they propose imposing a standard 2.5% tax on all foreign spends made by individuals with a valid PAN Card. The Travel Agent Federation of India (TAFI) has sent a letter to…

[babatax]

New 20% TCS rule on Foreign Travel, everything you need to know

20% TCS rule:  If you are planning an international trip in October, then be ready to loosen your purse strings more. This is because the new rule levying 20% tax collected at source (TCS) will kick in from 1 October 2023. This applies not only to foreign trips but to every transaction you make abroad via whatever method. What is tax collected at source (TCS)? The tax collected at the source is…

[fincircindia]

Foreign outward remittances from India refer to the transfer of funds from Indian residents to individuals or entities abroad. Governed by the Reserve Bank of India (RBI) under the Liberalized Remittance Scheme (LRS) and FEMA regulations, these transactions include expenses for education, travel, medical treatment, gifts, investments, and business payments. Optimizing content around foreign remittances with relevant keywords like "outward remittance from India," "LRS limit," and "international money transfer from India" can improve SEO rankings. Providing updated information on exchange rates, tax implications (TCS on remittances), and RBI guidelines can enhance user engagement and search visibility.

[megachinamotor]

Street Bike CFMOTO 450NK Review

CFMOTO 450NK CFMOTO 450SR has been popular in Chinese and foreign market since its launch, and it has been highly praised by many foreign motorcycle friends. Major Chinese manufacturers have been producing new models with different displacements from last year to this year. However, there is no big difference between the new models and the old models, which lacks a practical meaning. CFMOTO has made steady progress in production with continuation and innovation, from the 450sr to the 800nk, from the brand-new XO Baboon to the 450nk. CFMOTO 450NK has replaced the previous 450NK, complementing the mid-displacement models of the NK family. CFMOTO 450NK Exquisite appearance CFMOTO 450NK continues the family-style appearance of CFMOTO street bikes. People hold different opinions about its unique front. The blue and white model tested is vibrant, while this rider prefers the black and gray color scheme. In addition, it’s better to improve the softness of the back seat. Compared with the 450SR, the 450-level street bike 450NK has a flat handlebar, and the rudder angle can be enlarged to cope with the narrow roads. CFMOTO 450NK Strong power As for the rider, the 450SR is equipped with a flexible handling and a strong power output. The 450NK has a in-line twin-cylinder 270°crankshaft engine as the 450SR has. The adjustment of CFMOTO power output is more suitable for street bikes. As for the power data, the engine is equipped with a maximum power of 37 kilowatts, 50 horsepower, a maximum torque of 39/7800 N·m, and a top speed of 178km/h. The acceleration time is 5s from 0 to 100km, which is a satisfying result after a few simple tests. At first, the riders thought the 450NK has a gentler power than the 450SR, but this time the motorcycle warped head when the three riders were riding. This model has a strong power in that it will warp head when the 1st gear is shifted to the 2nd gear. CFMOTO 450NK A good riding experience There is a 5-inch curved TFT instrument, which supports motoplay screen projection and ota function, bringing a good overall display effect. What’s more, CFMOTO 450NK is equipped with the high-speed reminders, shift reminders, TCS functions, and brake flashes,etc. Brake flashing means that the ESS emergency warning light will light up in the middle of the rear tail light in the case of emergency braking of the vehicle to remind the vehicle behind and ensure safety. CFMOTO 450NK The 450NK gives a comfortable and brisk riding experience so that riders can complete , such as simple straightening and moving because of its weight of 165kg. This model is equipped with a 37mm inverted front fork with a J.Juan radial four-piston caliper. In terms of shock absorption, riding experiences that the 450NK brings are better than other same-level motorcycles on a slightly bumpy road or a non-paved road, and there is no loose feeling when cornering or sudden braking. As a street bike, the 450NK has a good shock absorption. Some players may think that the shock absorption is too soft, but such a shock absorption is enough for novices. With a ground clearance of 155mm, you can confidently pass through craters. The vibration of the handlebar will not make people feel uncomfortable even at high speed, and the hands will not feel numb after long-term riding.

CFMOTO 450NK With respect to the electronic control, there are dual-channel abs and TCS. With TCS, it will undoubtedly give most riders a more sense of security. The rider have also tried it on gravel roads. When the rear wheel was skidding, TCS intervened and cut off the oil.

CFMOTO 450NK The volume of the fuel tank is 14L, which is not a large fuel tank, but it is enough. In the case of double load almost all the way, the fuel consumption we measured this time is 5.4L, which means that one tank of fuel can travel about 260km. To brief, the 450NK is suitable for novices and experienced riders. With a displacement of 449cc, it can easily handle many scenarios including daily riding, mountain running, or light off-roading condition. Although its engine is the same as that of the 450SR, CFMOTO has made relative adjustments to the model intimately. CFMOTO 450NK is priced at 27,880 yuan, and many media mention CFMOTO is competitive. As a matter of fact, the prices are declining in the two-wheel market this year, and there are more and more brands and types of motorcycles for consumers to choose from.

CFMOTO 450NK Source: imotor  https://mp.weixin.qq.com/s/7xJSvQrh0fDl8C-4etn84Q Read the full article

[financelatestnews]

Key Takeaways For Salaried Individuals From Union Budget 2023

The Union Budget has a significant impact on the financial well-being of salaried individuals. It sets the tone for the year ahead and helps them plan their spending and savings. A change in tax rates or deductions can positively impact their disposable income, reducing the need for external borrowing. Conversely, a hike in taxes may lead to the reliance on personal loans to cover the gap between expenses and available income. As a result, salaried individuals pay close attention to the budget announcements.

Key Highlights 2023

One of the key highlights of the budget is the increase in the rebate under Section 87A from the erstwhile limit of INR 5,00,000 to INR 7,00,000. This is likely to increase the overall consumable income for individuals as their tax expense goes down. It is to be noted that the increase in rebate is only available to individuals under the new tax regime wherein no other deductions are allowed. A tax saving of approximately INR 32,500 is expected due to the above change wherein the individual has a salary of INR 7,00,000 in the previous year and the year wherein the new tax rates are applicable.

An individual under the new regime was previously not allowed any deduction; however, salaried employees are now eligible to receive the benefit of standard deduction thus resulting in a further increase in their overall consumable income. This will boost the consumption capacity of salaried individuals and also impact their ability to take on loans as the increased income allows them to borrow a higher amount of loan as compared to earlier.

Apart from the above, for individuals with very high salaries, the reduction in surcharge on income tax will result in their tax rate falling from 42% to 39% and reduce their tax burden by the rate of 3%.

A negative point though is the increase in Tax Collected at Source (TCS)  on foreign payments and purchase of foreign tour packages from 5% to 20% from 01/07/2023, which will increase their traveling cost for 1 year until the same can be claimed in their ITR.

What Does the Union Budget Mean for Salaried Individuals?

The Union Budget 2023 is a positive indication for individuals through which they are seeing a rise in their consumable income due to a reduction in tax rates, increase in rebates, and introduction of the standard deduction. This, however, applies only to tax-payers under the new tax regime and not to tax-payers under the old tax regime.

An increase in consumable income is positive for individuals which will see an increase in retail consumption. This will allow them to increase their overall spending capacity and will also make them eligible for higher loans. Higher consumable income will allow salaried individuals to attain such loans if needed for purposes such as travel, weddings, education, etc.

If you wish to check your new Fullerton India personal loan eligibility as a salaried individual, you can turn to Fullerton India’s online personal loan calculator and apply for a personal loan at affordable interest rates starting from only 11.99%* per annum for long tenues of up to 60 months today!

Source: https://www.smfgindiacredit.com/knowledge-center/budget-2023-impact-on-salaried-individuals.aspx