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Research Transparency

Data Sources

FinanceAcademy tools are built on data from official Indian regulatory bodies, statutory authorities and published institutional sources. This page documents every primary source category used across the platform.

Authoritative Sources, Not Estimates

In the Indian financial context, regulatory data changes frequently — tax slabs change with each Union Budget, RBI adjusts repo rates multiple times per year, insurance regulations are updated by IRDAI, and fund-specific data is published by AMFI and individual AMCs. Using unofficial or aggregated secondary sources introduces errors that compound across calculations.

FinanceAcademy's policy is to use the most authoritative primary source for each data category and to update that data when official changes are announced.

Government & Statutory Sources

Data CategoryPrimary SourceCoverage
Income Tax Slabs FY 2025-26Finance Act 2024 — Ministry of Finance, Government of India; CBDT CircularsOld regime, new regime, surcharge, cess
TDS RatesIncome Tax Act Sections 192–206C; CBDT notificationsAll TDS categories applicable to individuals
Capital Gains TaxFinance Act 2024 — Budget 2024 amendments; Income Tax Act Section 112A, 111ALTCG at 12.5%, STCG at 20%, grandfathering, indexation rules
80C / 80D / 80CCD LimitsIncome Tax Act; Finance Act amendments; CBDT notificationsAll deductions applicable to salaried individuals and investors
GST RatesGST Council rate notifications; CBIC official rate schedulesAll GST slabs (5%, 12%, 18%, 28%) and exemptions
HRA Exemption RulesSection 10(13A) Income Tax Act; CBDT Circular 08/2013Calculation methodology for metro and non-metro cities
Stamp Duty RatesState government schedules — published by respective state revenue departmentsState-specific rates for major property transaction states

Regulatory & Institutional Sources

Data CategoryPrimary SourceCoverage
PPF Interest Rate 7.1% p.a.Ministry of Finance quarterly notifications; National Savings InstituteCurrent rate, historical rates, scheme rules (PPF Scheme 2019)
EPF Interest RateEPFO Central Board of Trustees annual notificationCurrent declared rate, contribution rules
NPS Returns & RulesPFRDA (Pension Fund Regulatory and Development Authority); CRA published dataTier 1/2 rules, asset class historical returns, withdrawal norms
Mutual Fund ReturnsAMFI India (Association of Mutual Funds in India); individual AMC factsheetsNAV history, category average returns, AUM data
Sukanya Samriddhi / NSC RatesMinistry of Finance quarterly notification; India PostCurrent rates for all Small Savings Schemes
ELSS Lock-in & Tax RulesSEBI (Mutual Fund) Regulations; Finance Act (80C provisions)3-year lock-in, 80C eligibility, LTCG treatment
Gratuity CalculationPayment of Gratuity Act 1972; amendmentsFormula, maximum limit, tax exemption

RBI & Published Bank Data

Data CategoryPrimary SourceCoverage
Repo Rate & Policy Rates RBIReserve Bank of India — Monetary Policy Committee decisions; RBI websiteCurrent repo rate, reverse repo, CRR, SLR
Home Loan RatesIndividual bank websites (SBI, HDFC, ICICI, BoB, Kotak, Axis); published MCLR/RLLR schedulesCurrent floating and fixed home loan rates by tenure and amount
FD Interest RatesIndividual bank published FD schedules; Small Finance Bank rate cardsRates by tenure across major public, private and SFB institutions
Personal Loan RatesIndividual bank and NBFC published rate ranges; RBI regulated MCLR-linked ratesRate ranges by CIBIL score band and lender type
Car Loan RatesIndividual bank published rate schedulesNew and used vehicle financing rates
Gold Loan RatesIndividual bank and NBFC published rates; RBI LTV guidelinesInterest rates, LTV norms, processing charges
CIBIL Score RangesTransUnion CIBIL published documentationScore ranges and their interpretation for lending decisions

IRDAI & Insurer Sources

Data CategoryPrimary SourceCoverage
Health Insurance FrameworksIRDAI (Insurance Regulatory and Development Authority of India) regulations; individual insurer published brochuresClaim settlement ratios, regulatory minimum coverage requirements, portability rules
Term Insurance Premium RangesPublished rate cards from major life insurers (LIC, HDFC Life, Max Life, ICICI Prudential, SBI Life)Premium ranges by age, cover amount, policy term and health status
ULIP Charges & ReturnsIRDAI Circular on ULIP charges; individual insurer annual reports and fund factsheetsCharge structures, fund performance, comparison methodology with mutual funds
Insurance Claim Settlement RatiosIRDAI Annual Report — published claim settlement data by insurerIndividual and group claim settlement percentages

Behavioural Finance & Academic Sources

FinanceAcademy's behavioural finance tools are grounded in documented research. The primary research frameworks referenced include:

DALBAR QAIB Study
Quantitative Analysis of Investor Behaviour — documents the gap between fund returns and investor returns due to behavioural decisions. Foundational source for our emotional investing analysis.
Kahneman & Tversky — Prospect Theory
The foundational academic framework for understanding loss aversion, reference dependence and the asymmetric treatment of gains and losses in investment decision-making.
SEBI Investor Survey Data
SEBI's periodic investor awareness surveys provide India-specific data on retail investor behaviour patterns, financial literacy levels and investment decision-making processes.
Nifty 50 Historical Data
NSE (National Stock Exchange) published historical index data is used for rolling return analysis, market cycle context and SIP performance illustration across different market conditions.
🔄 Data Update Policy
Budget / Annual
Income tax slabs, 80C limits, PPF/EPF rates, NPS contribution rules — updated following Union Budget and government notifications.
RBI Policy Meetings (Bi-monthly)
Home loan rate benchmarks, FD rate guidance — reviewed and updated following each RBI Monetary Policy Committee meeting.
As Published
Bank-specific FD rates, home loan rates, insurance premiums — updated when institutions announce changes to their published rate schedules.
⚠️ Data Currency Notice

Financial data — particularly interest rates, tax rules and insurance regulations — changes frequently. While FinanceAcademy updates data when changes are announced, there may be a lag between a regulatory change and its reflection in our tools. Always verify critical rates and rules with the relevant official source (RBI, CBDT, SEBI, IRDAI, AMFI) before making financial decisions. Links to official sources are provided within each relevant tool.

See How the Data is Applied

The sources above power every calculator and comparison on the platform.

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