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Exhausted Your Section 80C Limit? Check These 10 Tax-Saving Investment Options
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As the current fiscal year is coming to an end, taxpayers are searching for different methods to reduce their taxes.
2024-03-20
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Health Insurance Buying: Avoid These Costly Mistakes When Taking A Policy
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Buying health insurance can be a complex process, but it’s important to get it right. By avoiding the common mistakes, you can choose the best health insurance policy for your needs and budget.
2023-10-23
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5 Key Factors To Consider When Buying Health Insurance
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Health insurance plans help subscribers to meet unexpected medical expenses. Different health insurance plans cover costs of treatment and surgeries for a wide range of medical conditions.
2023-08-23
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Mistakes To Avoid In Insurance Policy: What May Cause Claim Rejection
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Insurance is an important part of personal finance, especially after the COVID-19 pandemic, when people are choosing life insurance and health insurance to avoid any risk. Insurance can be defined as a contract between an insurance policyholder and an insurance company that secures the finances of beneficiaries and their family members in emergencies.
2023-07-18
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You May Receive Income Tax Notice For These Reasons; Check Details
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You should promptly respond to the income tax notice and provide all the necessary documents. Filing income tax returns (ITR) within the due date is mandatory to avoid any penal action by the income tax department. If your total earnings in a financial year fall under taxable income, then it is necessary to file ITR.
2023-04-07
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3 Important Things You Must Check Before Buying Health Insurance
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Medical emergencies can happen at any point in one’s life. Rather than spending time arranging finances for bills at the last moment, it is always safe to have a backup ready. And, for that, we have health insurance. These insurance policies provide coverage for the cost of medical expenses incurred by an individual or a group.
2023-04-07
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How Section 10(10D) Of IT Act Will Impact Non-ULIP Insurance Policies After March 31?
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ax incentives have always acted as a catalyst in ensuring wider insurance adoption. Though well-balanced and growth-oriented, the most awaited financial event of the year - Union Budget - turned out to be a wistful affair for those expecting a tax rebate over and above the standard limit on insurance policies.
2023-03-22
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Fiscal Deficit, GDP, Other Financial Terms You Should Know Ahead of Budget 2023
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Union Finance Minister Nirmala Sitharaman will present her fifth budget on February 1. The Union of India contains the government’s revenue and expenditure for a given fiscal year and is a massive and complex document. Here’s your guide to understanding various financial jargon that you may come across in Finance Minister Nirmala Sitharaman’s Budget speech.
2023-01-06
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Children's Day 2022: Why Kids Should Take Up Sewing As A Hobby
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Are you among those who has all their life perceived sewing to be for older people? Or restricted to just women? Well, now’s a good time as any to send those thoughts through the shredder as we elaborate on how sewing as an activity is hugely beneficial for young people and especially kids.
2022-11-14
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LIC IPO at Discount for Those who Have Linked These Documents. Today is your Last Chance
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LIC IPO is pegged as the largest ever issue in the country LIC had previously pointed out that policyholders are required to link their PAN cards to become eligible for subscribing to LIC IPO
2022-02-28
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Insure Love this Valentine's Day: 5 Points to Consider while Buying Health Insurance
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An adequate medical insurance cover for your partner this Valentine's day can take care of diagnosis, treatment and healthcare in the most affordable as well as dignified manner.
2022-02-13
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LIC IPO Date, Price, Size, Objective, Investors' Quota, Policyholders' Discount, Key Points
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LIC IPO Date, Price, Size: India has filed draft papers for nationa biggest-ever IPO. All you need to know before investing
2022-02-13
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Crypto Investors Get a Message From RBI Governor: 'Invest at Own Risk'
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Shaktikanta Das during a press conference stated that private cryptocurrencies are a major threat to the macroeconomic and financial stability of the country
2022-02-10
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Aadhaar Card Update: Want Aadhaar PVC Cards for Family? How to Do It With One Mobile Number
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In a recent notification, the UIDAI also said that one can order Aadhaar PVC card for the whole family using just one mobile number
2022-02-04
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LIC is Third Strongest Insurance Brand Globally with $8.65 billion Valuation: Report
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Life Insurance Corporation, which is bound for the nation's largest share sale, is the strongest and the largest brand in the country with a valuation of $8.656 billion
2022-02-03
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Budget 2022 Highlights: No change in Income Tax Slabs, New Crypto Tax, 5G, Infra Push
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Union finance minister Nirmala Sitharaman presented the Union Budget 2022 today. In its Union Budget 2022, the government has massively increased capital expenditure target to Rs 7.5 lakh crore from Rs 5.5 lakh crore in the last Budget for FY23. The hike in capital expenditure will be a huge boost for the economy and for crowding in private investment to spur job creation.
2022-02-01
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Income Tax Return Filing Deadline for AY 2021-22 Extended
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ITR Filing Deadline for AY 22 Extended: In the wake of coronavirus outbreak, CBDT has extended the various deadlines to file Income Tax Return for AY 2021-22. Know who will eligible to take benefit of this decision.
2022-01-11
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Income Tax Return New Rule: Senior Citizens Don't Need to File ITR if These Conditions Met
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Senior Citizens above the age of 75 years, who only have pension and interest as a source of income, will be exempted from filing the income tax returns (ITR) for fiscal year 2021-22. The Central Board of Direct Taxes (CBDT) has now notified rules and declaration forms which senior citizens would have to file with the specified bank.
2021-09-06
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PF, GST, PAN Card Linking: 10 Rule Changes to Overcome in September. Know More
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There have been and will continue to be several rule changes this month. These changes come in the form of regulatory policies across banking, financial and even automotive sectors that will affect the day-to-day lives of the average citizen. With that said, here are the 10 most important changes that citizens have to contend with, in the month of September 2021.
2021-09-04
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PF, GST, Cheque Clearance: 5 Key Rules to Change from Next Month. Know Details
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As August comes to a close, the month of September brings new changes with it. From Aadhaar to the bank, to the price of LPG cooking gas, there are quite a few changes that will take effect as of next month. These new rules and implementations will be affecting your day-to-day life as well as changing the landscape of the economy somewhat.
2021-08-28
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Deposit Insurance of Rs 5 Lakh: Customers to Get Money in 90 Days if Bank Under Moratorium
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To provide relief to depositors in stressed banks like Punjab and Maharashtra Co-operative (PMC) Bank, Union Cabinet on Wednesday cleared the amendments in Deposit Insurance and Credit Guarantee Corporation Act, 1961, (DICGC Act). Depositors of banks under moratorium the will no longer have to wait for the Reserve Bank of India (RBI) to rescue the bank to access their funds.
2021-07-28
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Do You Need Cash Amid COVID-19? 4 Secured Loan Options that You Can Use
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secured loan option allows borrowers to meet their financial requirements without the need to liquidate their assets to meet the sudden liquidity requirement. These options are credit risk-free for borrowers as they have the option to sell the pledged securities in the event of a payment default.
2021-06-06
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Income Tax Return Filing to New PF Rules; 5 Key Changes Effective from June 1
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The income tax return filing website will not be available for taxpayers for at least six days, starting from Tuesday. Employee Provident Fund Organization (EPFO) earlier asked the subscribers to link their provident fund accounts to the Aadhaar card from June 1. From new income tax filing online portal to costlier flight tickets, here’s a list of changes that will come into effect this month
2021-06-01
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Income Tax Return or ITR Filing Website Will be Unavailable From June 1. Know Details
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The income tax return filing website will not be available for taxpayers for at least six days, starting from June 1.
2021-05-30
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Home Loan EMIs: Unable to Pay Home Loan Amid COVID Pandemic? Here's What You Can Do
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If you have a long tenure home loan running in your name and are finding it difficult to repay your loans owing to less or no payouts due to the coronavirus pandemic, you can try one of the following methods
2021-05-22
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Income Tax Rules Are Changing from April 1, Here's a Look at New Norms
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April 1 will mark the beginning of a new financial year and will bring a slew of income tax changes. Some of the changes were announced by the Union Finance Minister Nirmala Sitharaman while presenting the Union Budget 2021 in February. Here is a list of changes which will be introduced from the coming financial year.
2021-03-30
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OCI Card Holders No Longer Required to Carry Old Passports for India Travel, Diaspora Welcomes Move
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People of Indian origin and the Indian diaspora having Overseas Citizens of India (OCI) cards are now not required to carry their old, expired passports for travel to India, as required earlier, according to a government notification that has been welcomed by members of the community.
2021-03-30
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Union Budget 2021: 10 Things That May Have An Effect on Your Personal Finances
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The Union Budget 2021, presented by Finance Minister Nirmala Sitharaman, did not make a change to tax slabs in Income Tax Returns. However, Sitharaman announced relief for senior citizens above the age of 75, relief for NRIs measures that will make filing taxes easier.
2021-02-01
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RBI Puts Lakshmi Vilas Bank under Moratorium, Caps Withdrawals at Rs 25,000; DBS Bank to Acquire Lender
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The RBI also superseded the LVB board and appointed TN Manoharan, former non-executive chairman of Canara Bank, as its administrator for 30 days.
2020-11-18
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LIC Made Rs 13,000 Crore Profit in Equity Till August This Fiscal, Says MD Raj Kumar
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The insurer has collected about Rs 87,300 crore of renewable premium till August this year, registering a growth of 13.5 per cent over the same period of the last fiscal, he said.
2020-09-16
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In a Relief to Borrowers, Supreme Court Extends Loan Moratorium Scheme till September 28
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The Reserve Bank of India had come out with the notification in March after the nation-wide lockdown was imposed to curb the spread of the pandemic and had given the facility of deferred payment of installments to borrowers and the scheme had end on August 31.
2020-09-10
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FY'19 Income Tax Return Filing Deadline Extended till September 30 in View of Pandemic
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This is the third extension given by the government for taxpayers to file both original and revised tax returns for 2018-19 fiscal.
2020-07-29
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10 Covid-19 Precautions Every Office Must Take As They Reopen After Lockdown
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It’s very important to remember that continued precautions against COVID-19 are necessary at all workplaces since the pandemic is nowhere close to being over yet.
2020-06-30
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During Covid-19 Pandemic, Indians Pawn Gold For Loans as Borrowing From Banks Becomes Tougher
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Many Indians are using gold to secure loans, bankers and industry experts say, as banks are otherwise increasingly unwilling to lend during the coronavirus pandemic due to fear of the loan souring.
2020-06-10
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JEE Mains from July 18-23, NEET to be Held on July 26, Announces HRD Minister
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The central government had announced in March that the JEE and NEET entrance exams would be postponed to the last week of May keeping in mind the nationwide lockdown.
2020-05-05
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RBI Cuts Reverse Repo Rate to Push Liquidity, Says IMF Forecast for India’s Growth Highest Among G-20 Nations
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Das also said RBI will begin with giving an additional Rs 50,000 crore through targeted long-term repo operation (TLTRO) to be undertaken in tranches.
2020-04-17
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India to Send Hydroxychloroquine to 55 Coronavirus-affected Countries
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Hydroxychloroquine has been identified as a possible treatment for the COVID-19 and it is being tested on more than 1,500 patients in New Yory.
2020-04-16
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Google's Pichai, Microsoft's Nadella Among 6 Indian-Americans on Trump's List of Economic Advisers
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In addition to Pichai and Nadella, the president has named IBM's Arvind Krishna and Micron's Sanjay Mehrotra to the Tech Group.
2020-04-15
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Confused About Credit Card Dues, Home Loan EMI After RBI Announcement? Here's What it Means
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RBI has made a one-time exception in view of the financial distress arising out of the global pandemic coronavirus and the economic havoc wreaked by the lockdown imposed to control its spread.
2020-03-27
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Govt Approves 12 Private Labs to Conduct Coronavirus Testing. Here's The List
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Of the 12 approved labs, five are in Maharashtra, two each in Haryana and Tamil Nadu, and one each in Delhi, Gujarat and Karnataka.
2020-03-23
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Yes Bank Resumes Services, Depositors Can Now Withdraw Money Without Restrictions
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The Reserve Bank of India (RBI) on March 5 had imposed restrictions on the crisis-ridden lender under which the bank's customers were allowed to withdraw up to Rs 50,000 till April 3.
2020-03-18
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Want to Buy and Invest in Cryptocurrencies in India? Four Things to Keep in Mind
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The recent cryptocurrency ruling has paved way for investors amid a tense stock market, but it’s important to keep these points in mind before doing so.
2020-03-07
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SBI Wrote Off Bad Loans Worth Rs 76,600 Crore of 220 Defaulters Who Owed Over Rs 100 Crore Each
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As of March 31, SBI has declared as unrecoverable outstanding worth Rs 37,700 crore that 33 borrowers, with loans of Rs 500 crore and more, owed it.
2019-10-10
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LIC Refutes Social Media Rumours of Its Weak Financial Position, Says Policyholders' Money Secure
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Messages wrongly speculate about LIC's financial health and attempt to portray the largest life insurer in poor light in the eyes of its stakeholders, said the corporation.
2019-10-09
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Govt Panel Suggests 10% Tax For Income Between Rs 5 Lakh and Rs 10 Lakh, 20% Till Rs 20 Lakh
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The task force has also proposed introducing a new top tax bracket of 35% for the super-rich, that is those earning above Rs 2 crore in a year.
2019-08-29
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Five Reasons Why Income Tax Return Deadline Got Extended this Year
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One of the key reasons behind the extension of ITR deadline was the late release of online utility for ITR filing, which was released with some new updates.
2019-07-24
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Relief for Taxpayers after Deadline for Filing Income Tax Returns Extended By a Month to August 31
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There have been demands for an extension in filing ITR date since issuance of tax deducted at source (TDS) statement for 2018-19 fiscal was delayed.
2019-07-23
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At Peak Rate of 42.7%, India's Super Rich Will Now Pay More Tax Than Wealthy Americans
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Finance Minister Nirmala Sitharaman raised tax surcharge on high net worth individuals (HNIs) with annual income between Rs 2 crore to Rs 5 crore a year by 3 per cent. The surcharge for those earning more than Rs 5 crore was increased by 7 per cent.
2019-07-05
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Vehicle Insurance Premium Set to Increase, IRDAI Proposes Hike in Third Party Insurance Price
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Third-party insurance premium for cars, two-wheelers and transport vehicles may go up with the regulator IRDAI proposing a substantial increase in premium rates for the current financial year.
2019-05-24
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Sensex Tumbles 714 Points as Exit Polls Show Congress-BJP in a Close Fight in Assembly Elections
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The BSE Sensex cracked below the 35,000 mark, plunging 713.53 points, or 2 per cent, to close at 34,959.72. Similarly, the broader NSE Nifty fell 205.25 points, or 1.92 per cent, to 10,488.45.
2018-12-10
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Urjit Patel Resigns as RBI Governor Amid Rift with Govt, Cites Personal Reasons
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In a statement, Urjit Patel said it was a privilege and honour to serve the central bank and expressed his gratitude to his colleagues and directors of the RBI central board.
2018-12-10
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60% Rise in Number of Crorepatis in India Since 2014, Says Tax Body
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The data also added that a growth of more than 80 per cent was registered in the number of returns filed in the last four financial years.
2018-10-22
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Indian Economy Will Overtake Japan to be No.3 by 2030: Report
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The improved performance would be a big boost for the Narendra Modi government as it comes amid a debate over its economic record versus that of the previous Manmohan Singh administration after back-series data released recently showed that the GDP growth rate had crossed 10 per cent mark during UPA rule.
2018-09-26
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Cryptocurrency Bubble Bursts, Price Index Plummets 80% to its Lowest Ever
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Like their predecessors during the internet-stock boom almost two decades ago, cryptocurrency investors who bet big on a seemingly revolutionary technology are suffering a painful reality check, particularly those in many secondary tokens, so-called alt-coins.
2018-09-14
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LIC Launches New Product 'Jeevan Shanti’
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The policy also provides liquidity as there is provision for loan and surrender as well for annuity options with Death Benefit.
2018-09-12
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Indian Insurance to be $280 Billion Industry by 2019-20: Assocham
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Assocham said the study indicated insurance penetration in the country to have reached 3.7 per cent in 2017, from 2.71 per cent in 2001, and that gross premium had increased from Rs 3.2 lakh crore ($49 billion) in 2011-12 to reach Rs 5 lakh crore ($72 billion) in 2017-18.
2018-09-09
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Last Day to File ITR, What Happens If You Don't File Your Tax Returns Today
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For general category, which covers all the salaried persons, the due date for filing of the income tax return is August 31.
2018-08-31
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Law Commission Recommends Legalisation of Betting in Sports, Says Ban Counter-Productive
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he panel has proposed that all betting and gambling activities should be linked to the operator’s and participant or player’s Aadhaar Card/PAN Card, to ensure "enhanced transparency and state supervision".
2018-07-06
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Regular Health Check-up, Cardio workout: Healthy Habits to Adopt After 40
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It is important to undertake some cardio activity 3 times a week for 30 minutes to stay fit and healthy. Also before starting any such routine, consult your doctor and check all your medical parameters to begin the most suitable schedule for yourself.
2018-06-19
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Global Indexes Drop as Donald Trump Threatens More China Tariffs
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Trump's new proposal calls for a 10 per cent tariff on $200 billion in goods, and Beijing said it would respond with "comprehensive measures." It doesn't import enough goods from the US to match the scale of Trump's proposal but could adopt other methods.
2018-06-19
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'India Sixth Wealthiest Country with Total Wealth of $8,230 Billion'
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According to the AfrAsia Bank Global Wealth Migration Review, the US is the wealthiest country in the world with a total wealth of $62,584 billion, followed by China ($24,803 billion) at the second place and Japan ($19,522 billion) at the third place.
2018-05-20
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KYC for Wallets: RBI Says No Extension Beyond February 28
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According to media reports, PPIs were feeling that the KYC requirement was very challenging and if the guideline were to be implemented, they feared losing business as 90 per cent customers have been onboarded using the minimum KYC, which is giving the telephone number.
2018-02-27
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Market Rout Erodes Rs 9.6 Lakh Crore Investor Wealth in 3 Days
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Investor sentiment has remained sluggish after the government announced in the Budget a proposal to levy 10 per cent long-term capital gains (LTCG) tax on equities and projected a fiscal deficit of 3.5 per cent of GDP for 2017-18.
2018-02-06
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No Notice to Taxpayers in Case of Minor Filing Mismatch: CBDT
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The measure, introduced in the latest Financial Bill, is aimed to provide relief to small and salaried class of taxpayers and aims to ease out issues of small discrepancies that sometimes crop up between the information on Form-16 (provided by the employer) and Form-26AS (tax credit statement received by the tax department).
2018-02-06
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India Second Cheapest Country to Live in, Bermuda the Costliest: Survey
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According to a survey by GoBankingRates, India is cheaper than its neighbouring countries like Colombia ranked at 13, Pakistan (14), Nepal (28), Bangladesh (40).
2018-01-28
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Why You Must Get a Health Insurance Policy Before You Turn 30?
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Life is unpredictable and there's mostly no way of knowing when a tragedy might strike, which makes it even more important to get yourself that protective circle in the form of a health insurance policy, as soon as possible, instead of waiting for your mid 30s or 40s.
2017-08-22
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GST on LIC Insurance Policy - 8 LIC Policies which are Exempted from GST
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An insurance policy is made of two parts – investment and risk protection, GST is levied only on the risk factor part and not the investment part and therefore term plans will be influenced the most under GST.
2017-07-29
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Insurance Poised to Grow Significantly in India in 2017, Says Dun & Bradstreet
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The insurance industry in the country is expected to grow ‘significantly’ in 2017 and coming years due to rising financial literacy and government initiatives, according to a report by consultancy firm Dun & Bradstreet.
2017-01-17
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