- Public Provident Fund (PPF) interest rate left unchanged at 7.1%. How to get max return?
Under Public Provident Fund scheme, PPF interest rate is calculated on the minimum PPF account balance from 5th to last date of the month
- Centre raises small savings deposit rates
In the union budget for FY24, finance minister Nirmala Sitharaman announced measures to make small saving schemes more attractive
- New income tax rules: Proceeds from life insurance policy to tax-free income — changes from 1st April that you must know
New income tax rules: Proceeds from ULIP for annual premium above ₹2.50 lakh and life insurance policy for annual premium above ₹5 lakh will be taxable in FY24
- Why I will still continue to invest in certain categories of debt funds
Investing in target maturity funds is a smart way of reducing the tax impact
- How can I benefit from DTAA to avoid double taxation in India?
In case you are determined to be a non-resident or resident but not ordinarily resident in India, you will have to pay tax on income that accrues or arises in India or incomes that are received or deemed to be received in India.
- How health insurance saved them from financial ruin
Besides a health policy, people also need emergency corpus, top-ups and critical illness cover
- SBI gives 30-55 bps concession on various home loan rates, first disbursement to be done by 31 Mar
SBI gives 30 bps to as maximum as 55 bps concession on home loan rates either regular, top-up, or loan against property. These concessions are offered under SBI's campaign rates offer. The first disbursement will be done in the loan account by March 31, 2023.
- Want to invest ₹5 lakh now? Which mutual funds should you pick?
According to the current SEBI Mutual Fund Regulations in India, an equity mutual fund scheme must invest at least 65% of its assets in equity-related stocks and securities.
- Senior citizens vs super senior citizens: Income tax benefits compared
There is no difference between the tax rates for Senior citizens (60-80 years of age) and Super senior citizens (80+ years) in the old tax regime.
- How much of my salary should go into SIPs?
To calculate how much amount you should invest in SIPs, we will have to use the standard formula, which is 100 minus your age to be invested in equity through mutual funds.
- Finance bill and the resultant MLD Meltdown
Higher taxation rule for MLDs is applicable retrospectively and not prospectively
- Health insurance policies can't substitute emergency fund needs: Beshak CEO Mahavir Chopra
One of the biggest hurdles to insurance penetration in India is the huge trust deficit between insurers and consumers
- Debt mutual funds without indexation are still a great investment bet for medium to long duration
The debt mutual funds (MFs) have been gaining scale in India driven by the massive increase in the volume of debt securities.
- Online game winnings to attract TDS from April 1: Here’s what players should know
The government's prerogative is to commence collecting new TDS from April 1 on winning proceeds withdrawn from online gaming.
- 3 banks promising over 9% return on FD to senior citizens: Should you invest?
Fixed deposit interest rates are on the rise, and the majority of banks are now promising returns that outpace inflation as a result of the Reserve Bank of India's (RBI) uptick in the repo rate of 250 basis points (bps) since May 2022.
- Would AIFs (Alternative Investment Funds) gain favour as debt funds lose long-term tax benefits?
Investors are puzzled about whether to purchase debt mutual funds before March 31st because the indexation benefit would end starting from April 1, 2023.
- Top reasons for which you could receive an income tax notice
The Income Tax Department issues an income tax notice for a number of reasons under a number of provisions.
- Why Morningstar is exiting its PMS business in India
Last week, portfolio manager Morningstar Investment Adviser India made a surprise announcement: It was winding up its portfolio management services (PMS) business in the country
- What is a living will and how is it different from a regular will?
A living will comes into effect while individuals are in a vegetative state and cannot express their wishes regarding their preference of medical treatment.
- The alternative investment options for high networth individuals
Many asset management companies have introduced schemes of PMS and AIFs
- How much SIP is required to accumulate a corpus of ₹1 Cr in 10, 15 and 20 years?
A mutual fund is a particular kind of investment vehicle where the fund is run by a professional investment manager who gathers money from investors and allocates it towards stocks, bonds, or other securities to generate capital appreciation to create wealth.
- Should you buy debt mutual funds before March 31 to get indexation benefits? Experts list out their views
The tax benefits for long-term debt mutual funds were eliminated by the government as of 1st April 2023 by an amendment to the Finance Bill.
- Last date for linking of PAN-Aadhaar extended to 30 June
Under the provisions of the Income-tax Act, 1961, every person who has been allotted a PAN as on 1 July, 2017 and is eligible to obtain Aadhaar number, is required to intimate his Aadhaar to the prescribed authority on or before 31 March, 2023, on payment of a prescribed fee
- Try this to reduce the burden of RBI rate hike on your home loans
Amid consecutive RBI rate hike, home loan has become highly expensive for the new borrowers and also for the existing buyers. Know some of the ways in which existing borrowers can reduce their home loan
- How can I retain my car insurance policy?
In terms of validity, NCB will be terminated in case of a motor insurance claim, but many insurers now also offer an NCB protection add-on cover that retains your NCB even after you file for claims; the number of claims for this add-on cover can differ from insurer to insurer.
- It’s best to avoid homes under construction
Real estate agents these days are very persuasive for homes under construction
- Investment in physical form of gold is more tax-efficient now
From April, investments in mutual funds with up to 35% equity exposure to domestic companies are liable to be taxed as per the investors’ income tax slab rate.
- Should you use hybrid funds to offset the new debt fund tax?
Debt funds with less than 35% equity will always be treated as short term, taxed at slab rate under new regime
- How to get a loan with an easy interest rate for an international marketing course?
The carrying out, and management of marketing initiatives across several nations or areas of the world from one domestic country is referred to as international marketing.
- IDBI Bank special FD scheme for senior citizens to end on March 31
A special fixed deposit (FD) is a kind of investment option provided by some banks and financial institutions.
- Will EPFO trim EPF rate below 8% for FY23? Take a look at past provident fund rates here
In March, last year, CBT trimmed the EPF interest rate to its lowest level in 40 years to 8.1% for fiscal 2021-22. The last time, the EPF rate was lowest was in 1977-78 at 8%.
- Tax impact: Quant MF tweaks its new fund from debt to equity-oriented fund
Some fund houses have reopened their international schemes so that investors benefit from long-term capital gains tax rate before new rules kick-in from 1 April
- Dollar steady as banking worries keep investors on edge
The dollar index, which measures the currency against six rivals, rose 0.06% at 103.05, having gained 0.5% on Friday amid banking jitters
- Why sovereign gold bonds are now an attractive bullion bet — explained
Sovereign gold bonds (SGBs) scheme remain the best way to take exposure to gold due to additional 2.5% per annum interest and no capital gains tax, believes ICICI direct
- Debt mutual funds are no longer more tax-efficient than bank FDs
Capital gains on investments made after 31 March in debt MFs, to be taxed at investors’ income tax slab rate