As the current fiscal year is coming to an end, taxpayers are searching for different methods to reduce their taxes.
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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.
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.
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.
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.
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.
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.
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.
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.
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
LIC IPO Date, Price, Size: India has filed draft papers for nationa biggest-ever IPO. All you need to know before investing
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.
Shaktikanta Das during a press conference stated that private cryptocurrencies are a major threat to the macroeconomic and financial stability of the country
In a recent notification, the UIDAI also said that one can order Aadhaar PVC card for the whole family using just one mobile number
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
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.
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.
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.
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.
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.
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.
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.
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
The income tax return filing website will not be available for taxpayers for at least six days, starting from June 1.
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
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.
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.
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.
The RBI also superseded the LVB board and appointed TN Manoharan, former non-executive chairman of Canara Bank, as its administrator for 30 days.
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.
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.
This is the third extension given by the government for taxpayers to file both original and revised tax returns for 2018-19 fiscal.
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.
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.
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.
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.
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.
In addition to Pichai and Nadella, the president has named IBM's Arvind Krishna and Micron's Sanjay Mehrotra to the Tech Group.
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.
Of the 12 approved labs, five are in Maharashtra, two each in Haryana and Tamil Nadu, and one each in Delhi, Gujarat and Karnataka.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.