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New tax regime allows deduction of interest on home loan on rental property

New tax regime allows deduction of interest on home loan on rental property

For taxpayers who have an on-going home loan, the interest paid on such loans helpsthem to lower their tax liability in the existing income tax structure. However, under the new income tax regime proposed in Budget 2020, the interest paid on housing loan is not available for deduction for self-occupied houses. But for taxpayers who have rented out their house property, there is good news.


LIC gains market share with individual new business premium growing 44% in January

LIC gains market share with individual new business premium growing 44% in January

Growth has been driven by LIC's products that were closed and re-launched in February


Why LIC disinvestment is a big, bold decision of Modi govt

Why LIC disinvestment is a big, bold decision of Modi govt

While the government divests its stake in LIC, it should also shoulder the responsibility of creating other huge profit-making companies with large market capitalisation, whose reserves can support the Indian economy for key investments and in times of distress as well


LIC: Market share, products, insurance policies, recruitment, and more - All you need to know

LIC: Market share, products, insurance policies, recruitment, and more - All you need to know

"The Life Insurance Corporation of India (LIC) Corporation regularly endeavours to provide a bouquet of life insurance products to cater to the needs of various strata of society."


हाई सैलरी वाले लोगों का प्रविडेंट फंड भी आएगा टैक्स के दायरे में

हाई सैलरी वाले लोगों का प्रविडेंट फंड भी आएगा टैक्स के दायरे में

क्रेंद सरकार ने बजट में एक बड़ी घोषणा की है। इसका असर हाई सैलरी वाले कर्मचारियों पर पड़ने वाला है। वित्त मंत्री निर्मला सीतारमण के प्रस्ताव के मुताबिक, तीन निवेश स्कीमें EPF, नैशनल पेंशन स्कीम (NPS) तथा रिटायरमेंट फंड अब टैक्स के दायरे में आ सकते हैं, क्योंकि इसमें निवेश की 7.5 लाख रुपये की अधिकतम सीमा तय कर दी गई है।


Buy term insurance now as rates may rise from April 1

Buy term insurance now as rates may rise from April 1

The premiums for term insurance products may go up by 15-20 percent from April 1 onwards as reinsurance rates have been revised for these policies. LIC customers, however, may see a lower hike.


Not worried about market movement: LIC

Not worried about market movement: LIC

MUMBAI: With assets under management of Rs 31 lakh crore, Life Insurance Corporation (LIC) continues to expand and plans to hire 17,000 people this year, which will add to the headcount. In an interview with TOI, LIC chairman M R Kumar speaks about the focus areas for the corporation.


LIC investment in G-secs rises to Rs 2.81L crore in 10 months

LIC investment in G-secs rises to Rs 2.81L crore in 10 months

Life Insurance Corporation (LIC), which is gearing up for its initial public offering (IPO), on Friday said investments made by the corporation in government securities rose to Rs 2.81 lakh crore in the period between April-January 2020, much higher than the target of Rs 2.55 lakh crore. India’s largest insurance company with assets of over


LIC's new business premium crosses Rs 1.5 lakh cr for first time in history, reports 17.48% growth till January 2020

LIC's new business premium crosses Rs 1.5 lakh cr for first time in history, reports 17.48% growth till January 2020

Life Insurance Corporation of India (LIC), India’s largest life insurer, continues to better its performance, thereby winning people’s trust by crossing Rs 1.5 lakh crore new business premium first time in its history and maintaining dominant leadership in this sector.


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