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Relief to NRIs facing double taxation: Information to be submitted by this date

Relief to NRIs facing double taxation: Information to be submitted by this date

Due to the declaration of the lockdown and suspension of international flights owing to the outbreak of COVID-19, many NRIs had to prolong their stay in India.


Home loan tax incentives you need to be aware of

Home loan tax incentives you need to be aware of

Reduction in the recent home loan interest rates will benefit new borrowers as the rate cuts will only be applicable for them and not to the existing borrowers.


Your Money: Bridging the gap between women and finance

Your Money: Bridging the gap between women and finance

Several banks offer women savings accounts and credit cards tailored to their needs besides better terms on loans


 Financial Planning: Five tips to handle financial uncertainties

Financial Planning: Five tips to handle financial uncertainties

Revisit your financial plan at intervals and make necessary adjustments. This will ensure you are not financially stressed but at the same time able to achieve your life goal


International Women’s Day: How can women be financially secured

International Women’s Day: How can women be financially secured

One should always be a pro in managing finances by making a note of the assets and liabilities and defining personal goals. it is important to prepare a budget for the coming year to be in a better position to understand where the money is being spent and where one will undertake savings.


 Why is it essential to opt for an individual health policy even after a group health policy? Find out

Why is it essential to opt for an individual health policy even after a group health policy? Find out

It is important to choose one’s health cover wisely, else it can drain one's money without providing any adequate protection.


How to save tax in the financial year?

How to save tax in the financial year?

Financial year and tax planning Income tax is calculated on the income you earned during a financial year. As the financial year 2020-21 approaches, this could be the right time for you to plan and find out how much tax you can save. Starting this year, you can opt for the old tax regime and avail tax benefits, or opt for the new regime to forgo tax benefits but enjoy lower tax rates.


How an insurance policy can help you plan your retirement?

How an insurance policy can help you plan your retirement?

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  • 03/03/2021

With India’s average age of less than 25 years, retirement might seem far away. However, with a rise in average standard and cost of living, medical inflation, etc. retirement is a phase that needs careful planning and precision so as to ensure that there is no compromise on the overall post-retirement lifestyle and expenses.


Are Corona virus health insurance plans a substitute for Mediclaim?

Are Corona virus health insurance plans a substitute for Mediclaim?

The need to buy health insurance coverage for self and family is to avoid dipping into one's savings to meet the cost of hospitalization.


 Car insurance – What should you do after your motor insurance policy expires?

Car insurance – What should you do after your motor insurance policy expires?

After a motor insurance policy expires, the first and foremost thing the policyholder should do is to inform the insurance company. Experts say informing the insurer should be done on a priority basis, as soon as the policyholder gets an update about the motor insurance policy's expiry.


 Looking for motor insurance? Know what type of policy you need

Looking for motor insurance? Know what type of policy you need

A comprehensive motor insurance policy covers you for both third-party damages and own damages


RBI puts Rs 1,000 withdrawal cap on Deccan Urban Co-op Bank; fresh loans, deposits restricted

RBI puts Rs 1,000 withdrawal cap on Deccan Urban Co-op Bank; fresh loans, deposits restricted

The RBI has been cracking down on weak co-operative banks over the last few years. In 2020, the RBI cancelled permits of three co-operative banks and imposed restrictions on several other banks.


After taxman, banks ring warning signals for customers investing, trading in cryptocurrency

After taxman, banks ring warning signals for customers investing, trading in cryptocurrency

MUMBAI: Indian banks have started pulling the plug on customers investing and trading in crypto assets as the spectre of government ban on cryptocurrency rises. The government recently said that it plans to introduce a law banning trade in all cryptocurrencies — except for those issued by the government itself.


EXCLUSIVE: LIC gross investments will exceed Rs 5 lakh crore in FY21, says chairman MR Kumar

EXCLUSIVE: LIC gross investments will exceed Rs 5 lakh crore in FY21, says chairman MR Kumar

EXCLUSIVE: LIC gross investments will exceed Rs 5 lakh crore in FY21, says chairman MR Kumar LIC's`contrarian’ strategy when investing in equity markets, to sell when the sentiment is bullish and buy when the mood is bearish, has paid rich dividends


LIC IPO: Up to 10% of issue size to be reserved for policyholders

LIC IPO: Up to 10% of issue size to be reserved for policyholders

NEW DELHI : Up to 10% of the LIC IPO issue size would be reserved for policyholders, Minister of State for Finance Anurag Thakur said on Tuesday. The government will remain the majority shareholder and will continue to retain management control safeguarding the interest of policyholders, he said.


Budget 2021: No overhaul in personal tax structure; relief comes to taxpayers in other forms

Budget 2021: No overhaul in personal tax structure; relief comes to taxpayers in other forms

Union Budget 2021-22: The Finance Minister presented the first paperless Union Budget 2021-22 in the Parliament yesterday. While no structural changes have been proposed to the personal tax rates, it introduced some relief measures and proposals to facilitate ease of compliance for the taxpayers explained hereunder:


No income tax filing required for senior citizens if they fulfil these conditions. Details here

No income tax filing required for senior citizens if they fulfil these conditions. Details here

It must be noted that the senior citizens who are above 75 years age, are not exempted from paying tax but only from filing income tax return (ITR) if they are eligible


Budget 2021 Highlights: Govt to rationalise custom duties on gold,sliver

Budget 2021 Highlights: Govt to rationalise custom duties on gold,sliver

Union finance minister Nirmala Sitharaman presented the Union Budget 2021 in Parliament on Monday. The finance minister provided a major boost to healthcare and infrastructure in Union Budget 2021. However, there was no change in Income Tax slabs this year.


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