CA Manish Mishra

30/04/2025

Best FinTech & NBFC Advisor in India Award

01/02/2025

🚨 BIG NEWS for the Middle Class! 🚨

In the Union Budget 2025, Finance Minister Nirmala Sitharaman announced a groundbreaking tax relief aimed at salaried individuals and taxpayers.

Zero Income Tax for Salaries Up to ₹12.75 Lakh!

Here’s the breakdown:

For salaried individuals, your annual income up to ₹12.75 lakh (with standard deduction of ₹75,000) will be completely tax-free under the new tax regime.

The new tax slabs will make middle-class income more tax-friendly, offering substantial relief.

Tax Slabs Under the New Regime:

Income Range Tax Rate

Up to ₹4,00,000 Nil
₹4,00,001 - ₹8,00,000 5%
₹8,00,001 - ₹12,00,000 10%
₹12,00,001 - ₹16,00,000 15%
₹16,00,001 - ₹20,00,000 20%
₹20,00,001 - ₹24,00,000 25%
Above ₹24,00,000 30%

Rebate on Income Tax:

Up to ₹12 Lakh Income: No tax (Thanks to Section 87A rebate of ₹60,000).

This ensures more money in your hands, enhancing household savings, consumption, and investment.

How Does This Benefit You?

If you're earning up to ₹12 lakh per year, you can now save on taxes — meaning more disposable income for you! With the rebate and new slabs, the middle class gets the much-needed relief.

Summary of Benefits:

Nil tax up to ₹12.75 Lakh (for salaried individuals)

Revised tax slabs reduce tax burden across income ranges.

Encourages savings, investments, and boosts consumption.

So, whether you're planning for a bigger investment or just looking to save more, this budget offers relief to help you achieve those goals.

Happy to have on Budget Analysis on News24 and shred my view, do watch with below link 👇

https://www.youtube.com/live/9CO1RsGOKqI?si=x2Fd4uwdnmahaeYY

25/12/2024

Manish Mishra has co-founded GenZPe, a credit management and financial wellness platform tailored for Gen Z and millennials. This new venture stems from his ongoing efforts as the Founder and CEO of GenZCFO, a financial advisory firm dedicated to providing strategic solutions to startups and established businesses. With a focus on innovative credit solutions, GenZPe aims to bridge the gap in financial literacy and credit management for younger generations.

Manish Mishra has co-founded GenZPe, a credit management and financial wellness platform tailored for Gen Z and millennials. This new venture stems from his ...

12/12/2024

03/11/2024

I remember when my client was on top of the world. He had a great job, a solid savings account, and dreams of buying his first home. But there was one thing he kept pushing aside: his “credit score”.

For years, he thought it wasn’t a big deal. He paid his bills on time, lived within his means, and felt financially secure. Then came the day he decided to apply for a home loan. He walked into the bank full of excitement, but when the loan officer pulled up his credit report, the look on his face turned from confidence to despair. His score was a shocking 300.

“How could this happen?” he wondered.

Just a few months prior, he had been riding high with a score of 850.

The reality hit him hard: neglecting his credit had consequences he never anticipated.

Without a good credit score, he found himself in a tight spot. Suddenly, getting a credit card was a challenge, and loans were practically out of reach. Even opening a new bank account became a struggle, riddled with high fees. It was as if he was gasping for financial oxygen.

The worst part? His dreams of homeownership slipped further away. He had hoped for a home loan with a reasonable interest rate of 6-7%. But with his low score, those rates were just a distant dream. He learned that a ₹1 lakh emergency loan could cost him ₹1.5 lakh with bad credit. Meanwhile, a good score could have meant paying just ₹1.05 lakh.

The difference felt staggering.

Realizing he needed to take action, he started to educate himself about credit.

He began checking his credit report regularly, set up alerts for any changes, and automated his bill payments to ensure he never missed a due date again.

He treated his credit like a muscle—something that needed regular exercise to stay healthy.

He journey wasn’t easy, but he slowly started to climb back up. He learned that neglecting his credit had set him back years, but by taking charge of it, he could unlock doors to financial opportunities.

Now, he’s on the path to financial freedom, and he’s more determined than ever to keep his credit score in check. His story serves as a powerful reminder: “never ignore your credit score. It’s your financial report card, and overlooking it can cost you more than you think.”

If you’re curious about improving your own credit health, consider checking out Credit Score at www.GenZPe.in.

https://www.linkedin.com/posts/camanishvcfo_credit-score-activity-7258687529078403073-8vda?utm_source=share&utm_medium=member_ios

26/10/2024

𝐇𝐨𝐰 𝐘𝐨𝐮𝐫 𝐂𝐫𝐞𝐝𝐢𝐭 𝐒𝐜𝐨𝐫𝐞 𝐀𝐟𝐟𝐞𝐜𝐭𝐬 𝐘𝐨𝐮 ?

Did you know that your credit score can significantly impact your financial journey?

Let’s discuss a scenario:

If you're looking to secure a home loan of ₹1.7 crores (approximately $200,000), having a credit score in the excellent range (760-850) might get you an interest rate of around 8%. This would result in a monthly EMI of approximately ₹1,16,000. However, if your score drops to the lower range (620-639), the interest rate could jump to 10%, leading to an EMI of about ₹1,37,000. That's an additional ₹21,000 per month, which totals to around ₹7.5 lakhs extra over the loan's lifetime!

𝐃𝐨 𝐲𝐨𝐮 𝐤𝐧𝐨𝐰 𝐭𝐡𝐞 𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭𝐬 𝐨𝐟 𝐘𝐨𝐮𝐫 𝐂𝐫𝐞𝐝𝐢𝐭 𝐒𝐜𝐨𝐫𝐞:

1. Payment History (35%): Timely payment of loans and credit card bills is essential.

2. Amounts Owed (30%): Keep your credit utilization below 30% of your limit.

3. Length of Credit History (15%): A longer, responsible credit history boosts your score.

4. Type of Credit (10%): A diverse mix (credit cards, personal loans, etc.) is beneficial.

6. New Credit (10%): Avoid multiple applications in a short period to prevent score dips.

Tip: Managing your credit well can save you a significant amount of money, allowing you to invest in your dreams and future.

24/10/2024

𝐈𝐧𝐝𝐢𝐚 𝐢𝐬 𝐰𝐢𝐭𝐧𝐞𝐬𝐬𝐢𝐧𝐠 𝐚 𝐬𝐡𝐚𝐫𝐩 𝐫𝐢𝐬𝐞 𝐢𝐧 𝐛𝐨𝐫𝐫𝐨𝐰𝐢𝐧𝐠 – 𝐛𝐮𝐭 𝐰𝐡𝐲 𝐢𝐬 𝐭𝐡𝐢𝐬 𝐡𝐚𝐩𝐩𝐞𝐧𝐢𝐧𝐠?

In recent years, India has seen a sharp rise in borrowing. In just six years, borrowing jumped from 1% in 2020 to 53% by 2022. So, what’s behind this dramatic shift? Let’s break it down:

𝐄𝐯𝐨𝐥𝐯𝐢𝐧𝐠 𝐁𝐨𝐫𝐫𝐨𝐰𝐢𝐧𝐠 𝐁𝐞𝐡𝐚𝐯𝐢𝐨𝐫

↳ 37% of consumers now borrow to purchase gadgets like smartphones and home appliances, while 21% borrow for business-related needs.

↳ 51% prefer app-based credit, 50% use EMI cards for quick and easy loans.

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐑𝐢𝐬𝐞:

↳ 53% of borrowers shop online—Gen Z is leading the way!
↳ 65% use mobile banking apps, while 44% go for net banking.

𝐄𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐋𝐞𝐧𝐝𝐢𝐧𝐠:

↳ 43% of borrowers embrace BNPL (Buy Now, Pay Later) and other embedded finance options.

🚀 𝐆𝐫𝐨𝐰𝐭𝐡 𝐀𝐫𝐞𝐚𝐬: Borrowing for consumer durables, entrepreneurship, and home renovations is set to soar even more.

📝 𝐖𝐡𝐲 𝐀𝐫𝐞 𝐏𝐞𝐨𝐩𝐥𝐞 𝐁𝐨𝐫𝐫𝐨𝐰𝐢𝐧𝐠 𝐌𝐨𝐫𝐞?

↳ Aspiration & Lifestyle Upgrades
↳ Rising incomes are driving people to finance big-ticket purchases.
↳ Urban centers offer more choices and financing options.
↳ Online platforms, no-cost EMIs, and easy credit attract younger consumers.

With 51% of borrowers expecting to apply for future loans via mobile apps, the shift to digital lending is undeniable.

What are your thoughts on these trends? Have you noticed this shift too? Let’s talk in the comments! 💬👇

22/10/2024

𝗜𝘀 𝘁𝗵𝗲 𝗳𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗳𝗶𝗻𝗮𝗻𝗰𝗲 𝗶𝗻 𝗜𝗻𝗱𝗶𝗮 𝘄𝗶𝘁𝗵 𝗡𝗕𝗙𝗖𝘀?

Have you ever wondered how NBFCs are shaping the financial landscape?

NBFCs are revolutionizing finance, stepping up to provide essential services in areas where traditional banking falls short.

𝐍𝐁𝐅𝐂𝐬 & 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐋𝐞𝐧𝐝𝐢𝐧𝐠

At the forefront of digital lending solutions, NBFCs offer loans to individuals and small businesses that often lack access to conventional banks.

They're filling the financial gap with loans, advances, and investments in shares, bonds, and securities.

To start an NBFC, companies must go through a registration process governed by the RBI.

𝗘𝗹𝗶𝗴𝗶𝗯𝗶𝗹𝗶𝘁𝘆: To start an NBFC, you need a minimum net-owned fund of ₹10 crores. Also, your company must be registered under the Companies Act, 2013.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐍𝐁𝐅𝐂 𝐒𝐞𝐜𝐭𝐨𝐫

The NBFC sector is booming, growing at a CAGR of 18.5%! And with RBI’s new Scale-Based Regulation (SBR) framework, the future looks even brighter.

SBR categorizes NBFCs into four layers based on size and risk, improving transparency and risk management.

𝗠𝗮𝗿𝗸𝗲𝘁 & 𝗟𝗲𝗴𝗮𝗹 𝗜𝗺𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀

NBFCs must adhere to strict RBI guidelines to ensure customer protection and fair practices. The evolving regulatory environment impacts how NBFCs operate, especially with new compliance frameworks like digital KYC and risk management protocols.

𝐖𝐡𝐲 𝐧𝐨𝐰?

With financial inclusion on the rise and India's push towards a cashless economy, NBFCs are playing a vital role in bridging the credit gap.

Are you ready to explore the opportunities NBFCs bring?

𝗜𝘀 𝘁𝗵𝗲 𝗳𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗳𝗶𝗻𝗮𝗻𝗰𝗲 𝗶𝗻 𝗜𝗻𝗱𝗶𝗮 𝘄𝗶𝘁𝗵 𝗡𝗕𝗙𝗖𝘀? Have you ever wondered how NBFCs are shaping the financial landscape? NBFCs…

19/10/2024

🎧 **Interesting Podcast Episode with CA Gyan Chandra Misra** 🎙️

Coming from a small town and transitioning from Hindi medium in my early education to pass the CA exams in English medium, I found my conversation with CA Gyan Chandra Misra incredibly motivating and relatable.

In the podcast, he shared his inspiring story of overcoming challenges and his progressive vision for the future of the CA profession in India. His positivity and dynamic leadership are remarkable, especially considering his role as a Central Council Member of The Institute of Chartered Accountants of India.

What struck me the most was his contribution to capacity-building for CAs through the CPE Committee. His efforts to empower professionals with continuous education and skills development are commendable. His thoughts on the future of CAs in India reflect a forward-thinking approach that our profession truly needs.

**Key Takeaways:**
- The determination to succeed, even when facing language barriers or other challenges, is a hallmark of many CAs from small towns.
- Leadership that emphasizes growth, capacity-building, and future-readiness is essential for the progress of our profession.
- With leaders like CA Gyan Chandra Misra, the future of the CA profession in India looks bright and full of possibilities.

His vision inspires me personally, and I believe that with such leaders, our profession will continue to grow and evolve in the right direction. We need more voices like his to guide us into a future filled with opportunities!

**Watch the Full Podcast Here**

https://youtu.be/IpwQRhTL1Xw?si=JHhzZE1i3eYGLWiL

18/10/2024

Excited to share a new episode of my podcast series "Beyond the Balance Sheet" on the topic "The Future of CAs in India."

Stay tuned! Will post soon.

14/10/2024

𝗪𝗵𝘆 𝗮𝗿𝗲 𝗦𝗠𝗘𝘀 𝗛𝗲𝘀𝗶𝘁𝗮𝗻𝘁 𝗔𝗯𝗼𝘂𝘁 𝗜𝗣𝗢𝘀?

For many small and medium-sized businesses, the idea of going public is both exciting and daunting. Here are some of the core reasons holding them back:

🧠 𝗣𝘀𝘆𝗰𝗵𝗼𝗹𝗼𝗴𝗶𝗰𝗮𝗹 𝗕𝗮𝗿𝗿𝗶𝗲𝗿𝘀

Many SME leaders are wary of stepping into the unknown. They often perceive IPOs as a strategy only fit for large corporations with extensive resources, creating a mental block against taking the plunge.

❓ 𝗙𝗲𝗮𝗿 𝗼𝗳 𝘁𝗵𝗲 𝗨𝗻𝗸𝗻𝗼𝘄𝗻

IPOs bring uncertainty—will the public market accept the stock? Can the company keep up with regulatory demands? This uncertainty pushes businesses to stick to the familiar, even if it means forgoing growth opportunities.

🕹️ 𝗟𝗼𝘀𝘀 𝗼𝗳 𝗖𝗼𝗻𝘁𝗿𝗼𝗹
Founders, particularly in family-owned businesses, worry about losing control. Dilution of shares means a shift in decision-making power, requiring consensus with new shareholders.

📊 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝗦𝗰𝗿𝘂𝘁𝗶𝗻𝘆

Public companies face stringent reporting and governance requirements. For SMEs, the thought of opening their books to the public eye can feel overwhelming and invasive.

💼 𝗠𝗮𝗻𝗮𝗴𝗶𝗻𝗴 𝗘𝘅𝗽𝗲𝗰𝘁𝗮𝘁𝗶𝗼𝗻𝘀

Going public means pleasing a broader group of stakeholders. Balancing short-term market expectations with long-term goals can be challenging for businesses accustomed to making decisions independently.

Would you consider an IPO for your SME?
What are your biggest concerns?