Personal Finance Print

Covid effect: RBI extends EMI moratorium for another three months

Reserve Bank of India (RBI) governor Shaktikanta Das on Friday allowed borrowers to pause loan repayments for three more months till August 31. The central bank has granted a moratorium instead of pro

Covid-19: What changed for health insurance before and after pandemic

Given the gravity of the current situation and the worldwide panic surrounding it, people now, more than ever before, are concerned about their health and that of their families.

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Your money: Know how big a home loan you can get

Housing finance companies look at your monthly salary and your age to determine loan eligibility.

For home loans, housing finance companies calculate the eligibility of salaried person based on salary slip for the last six months

Boost to Employees Provident Fund: 79 lakh new PF accounts opened in FY20

The data of net new subscribers is based on the Universal Account Number (UAN) generated in the system and where the first non-zero subscription was received, the EPFO said.

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Can you offset stock market loss with Gold ETF? EPF withdrawal, and other queries answered

An employee can withdraw funds from EPF account on retirement or can prematurely withdraw money for reasons like job loss, marriage, education, purchase or construct-ion of house, medical emergency.

Covid-19 personal loan scheme: Money available at reduced rates; should you take?

Just because Covid-19 personal loans are available at reduced rates does not mean that one should opt for it.

Banks and NBFCs are offering Covid-19 personal loans, but let us try to understand whether these are available to everybody and whethe they can be taken for business purposes.

Grappling with fear of Covid-19: Flight to safety as investors move to FDs

While the higher interest rates on company deposits are tempting, remember these are unsecured loans. Repayment of principal and interest are not guaranteed. In case of any default or delay, investors

For one to three years tenure, the rate has been cut to 5.5% from 5.7%.

Govt order issued for reduced EPF contribution for 3 months

Government-owned entities and their employees, both at the Centre and the states will continue to contribute 12% each towards EPF.

Net addition to the EPF subscriber base fell sharply from 9.99 lakh in January and 10.21 lakh in February to 5.73 lakh in March.

Tax savings not needed? Then switch to non-ELSS funds or NPS

Tax savings not needed? Then switch to non-ELSS funds or NPS

Investment in ELSS funds qualify for tax deductions under the old tax regime, of up to Rs 1.5 lakh under Section 80C, in a given financial year. 30th june 2020 is the deadline for these money related tasks, complete these financial task before June 30, itr, pan-aadhaar linking, tax saving

Old tax regime or new regime: Making the smart choice

Taxpayers are facing a unique dilemma, i.e., whether to select the traditional old tax regime of claiming tax deductions or to give away the tax deductions and claim lower tax rates provided under the

How to forge a new path to your financial goals

A cautious investment strategy for capital protection is warranted in the short term to tackle the Covid-19 shock. Investors must review their portfolios regularly

Insurance: Are you a retiree? Five tips for buying a health plan

Senior citizens need to check the rules for waiting period for cover of existing diseases and co-payment charges when selecting a health insurance plan.

COVID-19 impact on dividend income: Learning to live with dividend cuts

Cut in dividend payouts will reduce your income and also your portfolio value. To avoid this, do not invest more than 15% of your portfolio in a single sector.

Delayed EPFO payment not to attract penalty

Depending on the duration, delayed payment now attracts penalty of between 5% and 25% on the shortfall of payment of dues.

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PM pension schemes for very poor, small traders get off to a slow start

The two old-age pension schemes launched last year – one for the poorest of the poor namely street vendors, rickshaw pullers and rag pickers and the other for self-employed and small traders – hav

The scheme was launched in February last year with a target to cover 10 crore people in five years.

Low-end housing to receive PPP boost, CLSS support extended by a year

The steps will also give the much-needed impetus to the revival of the real estate sector and allied industries like steel and cement.

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Covid-19 Crisis: Five steps to saving money in these times

It will be prudent to conserve money, reduce expenses and identify ways to increase or sustain the inflow of cash.

Bonds or equity: Which one gives higher returns over the long term?

Over the long haul, if you do a judicious allocation to equity, debt, or any other asset like gold, you would get decent returns.

RERAs can accord 6-month extension for completion, execution of projects

Sitharaman said COVID-19 be treated as a force majeure event by regulatory authorities in case of real estate, and therefore to that extent authorities can be flexible about the execution of the contr

Get more in-hand salary now as Modi govt cuts EPF contribution – Check details

It is necessary to provide more take-home salary to employees and also to give relief to employers in payment of provident fund dues.

The Employees' Provident Fund & Miscellaneous Provisions Act, 1952 makes it mandatory for factories and other establishments having 20 or more employees earning less than Rs 15,000 monthly wage to join the EPF scheme.

Cut in TDS/TCS to ensure Rs 50,000-crore liquidity

TDS is the second-largest component of total direct tax collection after advance tax, and accounted for nearly 38% of FY19 collections.

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How to deal with income disruptions due to Covid crisis: 5 ways

If that too proves insufficient or infeasible, then follow these options with a step-by-step approach to deal with income disruptions and liquidity mismatches.

The first logical step would be to take soft loans from friends or relatives.

Will RBI extend Home, Personal loan EMI moratorium? How to pay Credit card dues – Queries answered

Personal Finance Queries: As soon as you have sufficient cash flows/ surplus funds, pay off the pending EMIs along with accrued additional interest.

The RBI will soon be out with its decision on the recommendations for extension of the moratorium on term loans for another three months.

Employees Provident Fund withdrawal: How to withdraw non-refundable advance from EPF account

To avoid delay or rejection of claims, an EPF member must ensure that his UAN is validated with Aadhaar and KYC of bank account and the mobile number is seeded in UAN

This is required to ensure that the bank account number uploaded in the KYC is correct and erroneous payments are avoided.

Mutual Fund withdrawal: How can I withdraw money from SIP during COVID-19?

SIP enables an investor to average out the cost of his investments via disciplined purchases, particularly when the market is down.

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Buy or sell stocks of good companies like TCS during Corona crisis? Check what expert says

If you are holding a stock in a good company that has shown progress over the years but is down now because of Covid-19 pandemic, you shouldn’t be too eager to sell your stocks.

Are you withdrawing from Public Provident Fund, NPS, FD, PF, NSC? Must check these tax implications

Public Provident Fund, NPS, FD, PF, NSC Withdrawal for Coronavirus Tax Implications: If you plan to withdraw funds from EPF, PPF, NPS or your fixed deposits, first check rules for permitted withdrawal

Income Tax Calculator, Budget 2019, How to Calculate Income Tax


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