With the exit poll predictions – of about 300 seats for NDA – removing the overhang and providing a relief, both Sensex and Nifty have registered a robust surge.
Due to the lack of awareness or prevailing trends, many tax payers used to skip information needed to fill all the applicable fields of Income Tax Return (ITR) Forms, while filing their tax returns.
Pension under Defined Benefit Plan is generally applicable to government servants who joined their services on or before December 31, 2003 and armed forces personnel and their families.
Following others without knowing financial goals of himself/herself may cause distress in the field of personal finance and failures in reaching the goals.
After resignation, an employee gets Earned Leave Encashment and Gratuity as retirement benefits, while the PF amount accumulated in the Employees' Provident Fund (EPF) account may also be withdrawn.
It's time for salaried individuals to submit their tax-saving investment declarations to their employers, so that their tax liability is calculated and the tax payable, if any, is deducted through TDS from the monthly salary.
HDFC Bank has tied up with leading travel aggregators to provide attractive discounts on flight and hotel bookings done by using credit card and EMI options for both domestic and international sectors.
After 25 bps repo rate cut by the RBI Monetary Policy Committee policy on April 4, 2019, most of the banks and corporates start reducing the interest rates on their fixed deposits scheme.
Although debt funds also face some market risks, but such funds are very much trusted as investments are made in secure fixed-income instruments like government securities, debentures, bonds, treasury bills.
Investments made in NPS mature when an employee retires at the age of 60 years and the subscriber has to invest within three years minimum 40 per cent of the retirement corpus in an annuity plan.
In the event of non-compliance with the guideline, the cardholder (including the Add-on card holder) will be held liable and the cardholder may be debarred from holding the card.
Mentioning types of payments made by the employer to the employee will make it easier for the income tax department to electronically reconcile everything without human intervention.
Mentioning of the sources of income not only brings clarity, but also plugs the loopholes, as assessees can't remain ignorant anymore and omit the incomes.
You can start investing in mutual funds through a SIP with amount as low as Rs 1,000 per month or in case of certain schemes, even with Rs 500 per month.
The change in long-term capital gain (LTCG) tax rule last year has made filling income tax return (ITR) difficult for salaried equity and mutual fund (MF) investors.
Rather than paying money in lump sum, it becomes convenient for the salaried class to pay the equated monthly installments (EMI) that they may spare from the salary.
According to Terrence Lucien – Head of Mutual Funds – PhonePe, the company is also planning to provide personalised solution to make things easy for the customers.
LTCG arising on transfer of equity shares or units of equity-oriented mutual fund (including ELSS) was exempt from tax earlier, provided securities transaction tax (STT) was paid at the time of transfer.
A majority of Indians continue to bear their medical expenses out of their pocket and at times even end up mortgaging their assets due to shortage of funds.
You may deposit only up to the maximum investment limit of Rs 1,50,000 by adding balance in all accounts in a financial year, while the minimum amount to be deposited to keep the accounts active is Rs 500.
