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Thursday, October 5, 2023

Things You Should Do Before Boarding a Plane

                                    Boarding a plane
1. Download and Use Your Airline’s App

Unless you're checking a bag, there's no reason to queue up at the check-in desk or deal with a fingerprint-smudged kiosk at the airport. Download your airline's app ahead of time, make sure your reservation details are in, and then use it to check-in. You can also get the Boarding pass online which will save your time in waiting at the booking counter to obtain boarding pass. That way, you can head straight to security when you arrive at the airport. 

2. Get the Airline Credit Card

Don't fly enough to earn elite status? Airline credit cards like the United Explorer and American's Citi / AAdvantage Platinum Select offer cardholders perks similar to elites, including free checked bags and priority boarding. Carrying one of these cards can save you money on luggage and ensure you'll find carry-on space in the overhead bins ahead of the crowd.

3. Have a Status Strategy

Speaking of airline status, if you are going for gold (or silver, or platinum) this year, make sure your frequent-flier number is attached to all your airline reservations. Even if you're not flying your usual carriers, chances are the airline you're on is partners with another you fly more frequently thanks to alliances. That way, you can earn airline miles toward status on every single flight you take.

4. Check Aircraft Alternatives

Seats and amenities can vary dramatically, even from plane to plane within a single family of jets in a particular airline's fleet. Once you settle on an airline, double-check the aircraft type and seat map on the carrier's site to make sure you're flying the plane you want. After all, you don't want to think you're booking one of Qatar Airways' QSuites only to end up with a random recliner.

5. Assess Your Seating Situation

Whether you like a window or an aisle, it's worth checking SeatGuru's detailed seat maps to confirm your chosen place on the plane won't be too close to the galley or the lavatories, with their associated noises (and smells!).

6. Stay Organized

Keep all your information in one place by using App in the Air or TripIt, two apps that do things like consolidate your flight statuses, check-in times, gate numbers, and nearby lounge locations, and will update you on schedule and gate changes.

7. Check Real-time Reports

Like a jilted lover, airline apps are usually the last to know when things are going wrong. Use FlightStats to track flight statuses, on-time performances, weather conditions, and even the flight history of your specific aircraft, all in real time so that if your plane is delayed, you can be the first to know and the first to get rebooked.

8. Remember the Liquid Lowdown

Remember, any liquids you're carrying through TSA checkpoints must be less than 3.4 ounces (100 milliliters) and placed in a see-through bag no larger than a quart. 

9. Size Up Your Bag

Sighting a new revenue source, many airlines have instituted strict size limits for carry-on bags, which are stringently enforced by eagle-eyed gate agents. Check your bag's dimensions at home and make sure they adhere to your airline's limits. Keep in mind that European carriers' limits vary slightly from those in the U.S. Blame it on standard versus metric. 

10. Gather Your Gadgets

Phone: check. Laptop: check. Tablet: check. Camera: check. Spare charger: check. Power cords: check. Travelers are carrying more electronics than ever. Luckily, there are organizer cases galore to keep all your devices and cables within reach and ready for security screening. 

11. Remove Those Batteries

Due to fears of onboard fires, airlines have instituted smart luggage battery bans since January 2018. If your bag has a battery pack, be prepared to show that it is removable in case your bag has to be gate-checked. But don't leave that battery pack at home, necessarily. Just because your airplane seat is supposed to have power ports does not guarantee that they'll actually work when you're on the plane.

12. Connect for Less

Many airports offer free Wi-Fi, but beware of hackers. Using a VPN offers a measure of protection.

13. Lounge Around

Why wait at the gate when you can enjoy free Wi-Fi and snacks in the comfort of a lounge? LoungeBuddy posts reviews on airport lounges around the world, including their entry requirements and how you can score day passes. Several premium credit cards, including the Chase Sapphire Reserve and the Platinum Card from American Express, confer access to hundreds of Priority Pass lounges worldwide. Frequent travelers can also consider airline-specific cards such as the Delta SkyMiles Reserve or United Club Card, which get you into a particular carrier's clubs. The agents in them can also usually help you faster than those out in the terminal, and get you rebooked if something goes awry with your travel plans. 

14. Wear Comfortable Clothing

Airplane cabin climate settings seem to vacillate between icebox and toaster oven, with no habitable happy medium in between. And no one wants to touch those germy air nozzles, which only provide a hissing draft of dry air anyway. Dress for any contingency by wearing multiple light layers, and look stylish to boot. 

15. Stick Your Neck Out


As airlines squeeze more and more seats into coach, ergonomics seem to be flying out the window. Luckily, travel pillow technology has never been better, with options for every type of sitter and sleeper. It's time to invest in a quality travel pillow that will spare your neck and back the worst effects of a long flight in cattle class.

16. Bring Your Own Bottle

Avoid single-use plastic  by bringing an empty travel water bottle with you instead. Some are even collapsible to save you space, and more airports have installed water bottle filling stations next to drinking fountains to make carrying your own that much more convenient.

17. Disinfect Everything

Due to the number of people passing through and touching everything, airports and airplanes are some of the germiest places around. Protect yourself as much as possible by using disinfecting wipes on your hands and your airplane seat once you get settled. Because they're not liquid, like hand sanitizer, wipes will also not count toward your carry-on liquid limit.

18. Moisturize Like a Maniac

Even on next-generation jets like the Boeing 787 Dreamliner and the Airbus A350, cabin humidity levels rarely top 20% (and are only around 8-10% on conventional aircraft). To avoid looking like a prune after your flight, pack a light moisturizer and apply it frequently.

20. Get a Jump on Jet Lag

Flying across multiple time zones? Use an app like Entrain or Timeshifter before you fly. Both help you gradually shift your pre-travel schedule toward your destination time zone based on your specific plans and preferences so that by the time you fly, you're already ahead of jet lag.

21. Park Like a Pro

Airport parking lots can fill up quickly during the busiest travel times. Use SpotHero to reserve a place in advance at lots near over 40 airports throughout the U.S.

22. Understand Your Credit Card Protection

Flight delays and cancellations happen. If you travel frequently, it pays to carry a credit card you know will protect you under certain circumstances. Many offer compensation for delays, cancellations, lost luggage, and more if you use them to pay for travel plans. So if you have to spend money staying somewhere overnight or to replace certain items, it won't come out of your bottom line. Before traveling, read your card's benefits packet carefully to understand what you're entitled to and how to go about claiming it.

23. Investigate Intelligent Insurance

Beyond delays, cancellations, and lost luggage, which are covered by most major credit cards, you might want to insure an expensive trip with a policy that includes provisions for emergency medical evacuation and cancellation for any reason. InsureMyTrip.com is a convenient resource for comparing travel insurance plans from major providers.

24. Strictly avoid carrying things prohibited by the Airlines

The following items are prohibited on a plane:

    • Sharp objects
    • Sporting goods and athletic equipment
    • Self defense items
    • Gel-type candles
    • Large quantities of alcohol (more than 3.4 ounces)
    • Guns and ammunition
    • Cigarette lighters with a blue flame, cigar lighters, and 'strike-anywhere' (non-safety) matches
    • Compressed gases, whether deeply refrigerated, flammable, non flammable or poisonous such as butane, oxygen, liquid nitrogen and aqualung cylinders
    • Smart bags (unless the batteries can be removed)
    • Lighter fluid, flammable paint, fuel, gasoline and aerosol cans.

Bonus: Don't Forget the Essentials

If you're flying during the pandemic, you'll want to check your airline's guidelines for travel as well as your destination's requirements for incoming visitors. Stash extra face masks, wipes, hand sanitizer, and any other essentials in both your carry-on and checked luggage so you're never without them.

Source: https://www.travelandleisure.com/travel-tips/what-to-do-before-flight


Tuesday, October 3, 2023

10 Big Income Tax Rule Changes Effective From April 1,2023


As the new financial year 2023-24 began on April 1, 2023, taxpayers in India are affected by several changes to the income tax rules.

The changes were announced by Union Finance Minister Nirmala Sitharaman during the Union Budget presented on February 1, 2023. The recently passed Finance Bill 2023 too introduced some changes which are likely to affect some sections of taxpayers and investors.

So, let us explain to you the ten big income tax rule changes that will be effective from April 1, 2023.

1) New income tax regime to be default regime:

Starting with the upcoming financial year 2023-24 which begins on April 1, 2023, the new income tax regime will act as the default tax regime. But keep in mind that the old regime continues to exist and those wanting to choose the old one instead of the new regime can certainly do so.

2) Tax rebate limit raised from ₹5 lakh to ₹7 lakh

Budget 2023 also made an annual income of up to ₹7 lakh tax-free. The enhancement of tax rebate limit to ₹7 lakh from ₹5 lakh from the new financial year 2023-24 means that those having income less than ₹7 lakh would have their entire income tax-free under the new income tax regime.
But before you hop onto the new regime, it'll be wise to compare the new and old one as per your existing as well as expected income for FY2023-24.

3) Standard deduction benefit extended to the new regime

The standard deduction was earlier not allowed in the new tax regime until FY 2022-23 (AY 2023-24). However, this benefit of a standard deduction of Rs.50,000 will now be allowed for salaried persons under new tax regime as well, from FY 2023-24 (AY 2024-25) onwards.

4) Changes in Income Tax slabs for new regime

Income range Income tax rate
Up to Rs. 3,00,000 Nil
Rs. 3.00,000 to Rs. 6,00,000 5% on income which exceeds Rs. 3,00,000
Rs. 6,00,000 to Rs. 900,000 Rs. 15,000 + 10% on income more than Rs. 6,00,000
Rs. 9,00,000 to Rs. 12,00,000 Rs. 45,000 + 15% on income more than Rs. 9,00,000
Rs. 12,00,000 to Rs. 1500,000 Rs. 90,000 + 20% on income more than Rs. 12,00,000
Above Rs. 15,00,000 Rs. 150,000 + 30% on income more than Rs. 15,00,000

Income Tax slabs & Rates as Per Old Regime FY 2023 - 2024

Given below are the three tables for the alternative Income Tax Slabs:

Income Tax Slab for Individual who are below 60 years

Income Tax slab Tax Rate
Up to Rs.2.5 lakh Nil
Above Rs.2.50 lakh - Rs.5.00 lakh 5% of the total income that is more than Rs.2.5 lakh + 4% cess
Above Rs.5 lakh - Rs.10 lakh 20% of the total income that is more than Rs.5 lakh +
Rs.12,500 + 4% cess
Above Rs.10 lakh 30% of the total income that is more than Rs.10 lakh +
Rs.1,12,500 + 4% cess
Individuals who have an income of less than Rs.5 lakh are eligible for tax deductions under Section 87A

Income Tax Slab Between 60-80 years (Senior Citizen)

Income Tax slabs Tax Rate
Up to Rs.3 lakh Nil
Above Rs.3.00 lakh - Rs.5.00 lakh 5% of the total income that is more than Rs.3 lakh +
4% cess
Above Rs.5.00 lakh - Rs.10 lakh 20% of the total income that is more than Rs.5 lakh +
Rs.10,000 + 4% cess
Above Rs.10 lakh 30% of the total income that is more than Rs.10 lakh +
Rs.1,10,000 + 4% cess

Income Tax Slabs for Individual above 80 years (Super Senior Citizen)

Income Tax slabs Tax Rate
Up to Rs.5 lakh Nil
Above Rs.5 lakh - Rs.10 lakh 20% of the total income that is more than Rs.5
lakh + 4% cess
Above Rs.10 lakh 30% of the total income that is more than
Rs.10 lakh + Rs.1,00,000 + 4% cess

5) LTA encashment limit raised from ₹3 lakh to ₹25 lakh

The leave encashment for non-government employees is exempt up to a certain limit. This LTA encashment limit was ₹3 lakh for two decades (since 2002). It has now increased to ₹25 lakh w.e.f FY 2023-24.

6) No LTCG tax benefit on these Mutual Funds

From April 1, investments in debt mutual funds will be taxed as short-term capital gains. The move would strip investors of the long term tax benefits that had made such investments popular.

7) Market Linked Debentures (MLDs)

Also, investment in Market Linked Debentures (MLDs) post April 1 will be short term capital assets. With this, grandfathering of earlier investments will end and the impact on the mutual fund industry will be slightly negative.

8) Life Insurance policies

Proceeds from life insurance premium over the annual premium of ₹5 lakh would be taxable from new financial year i.e. from 1st April 2023. Finance Minister Nirmala Sitharaman, while presenting Budget 2023, aslo announced that the new income tax rule won't be applicable on ULIP (Unit Linked Insurance Plan).

9) Benefits to Senior Citizens

The maximum deposit limit for senior citizen savings scheme will be increased to ₹30 lakhs from ₹15 lakhs.

The maximum deposit limit for monthly income scheme will be increased to ₹9 lakhs from 4.5 lakhs for single accounts and ₹15 lakhs from ₹7.5 lakhs for joint accounts.

10) Physical gold conversion to e-gold receipt not to attract capital gains tax

While presenting Budget 2023, Sitharaman said there will not be any capital gain tax if physical gold is converted to an Electronic Gold Receipt (EGR) and vice versa. This will be effective from 1 April 2023.

Sources: