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    InfIation Calculator: How quickly will inflation double your monthly expenses?

    If you’re not paying attention to inflation while investing, it could seriously impact your savings. That’s why it’s so important to consider inflation when you’re planning your investments.

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    Term Vs whole life insurance – Which should you choose? Know the key differences

    Term insurance is a straightforward life insurance policy that provides coverage for a specific period, or 'term'; if the insured person passes away during this period, the policy's beneficiaries receive a death benefit.

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    14/10/2024businessline

    Still the King: LIC dominates first-year new business premium market despite private sector competition

    LIC’s new biz premium zooms past 25% in April-Sep quarter, to ₹ 1.15 lakh crore

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    Navratri Special: 9 life insurance myths debunked and tips to secure your financial future

    Let’s debunk nine common life insurance myths and offer some valuable personal finance tips to secure your financial future this festive season.

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    How scamsters tricked investors of Rs 25 cr through fake apps and stocks

    A woman from Faridabad was cheated out of Rs 7 crore, a businessman from Noida lost Rs 9 crore, and a doctor from Punjab’s Bathinda was defrauded of Rs 6 crore. These are just a few of the victims of a massive scam recently uncovered by India's Enforcement Directorate (ED).

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    01/10/2024India Today

    New PPF rules effective today: All you need to know

    New PPF rules effective today streamline account management for minors, multiple account holders, and NRIs, impacting interest rates and regulations.

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    Life insurance rule change: From October 1, 2024, you will get higher refund when you surrender your life insurance policy

    Policyholders exiting traditional life insurance get more money back starting October 1, 2024. Irdai has asked the insurance companies to offer a higher special surrender value (SSV) for traditional endowment policies from October 1, 2024. The new 'special surrender value' rule mandates higher refunds, offering flexibility to switch plans.

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    Karnataka online trading frauds: Losses skyrocket from Rs 23 crore in 2022 to Rs 903 crore by mid-2024

    Most victims from Karnataka are educated professionals, particularly techies from Bengaluru, who were duped after being enticed by fraudsters with promises of high returns or IPO allocation. And this has been a trend across the country when it comes to fake broking apps.

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    5 reasons health insurance claims get rejected

    5 reasons health insurance claims get rejected

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    Retirement savings: What will be the value of Rs 5 crore after 25 years?

    A common mistake is assuming that the value of retirement savings will remain constant over time. For example, a ₹5 crore corpus today will lose significant purchasing power over 25 or 30 years due to inflation.

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    19/08/2024Money Control

    This Raksha Bandhan, give more than cash: Gift your sister financial wisdom and investments

    Gift your sister a term deposit, a SIP in mutual funds, enrol her for a financial planning workshop or book an appointment with a financial adviser to make a personalised investment plan.

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    17/08/2024Money Control

    Health insurance: How to choose the best plan

    A recent report by Apollo Hospitals, one of India's leading healthcare groups, paints a grim picture of the nation's health. Released in April, the report dubbed India the “cancer capital of the world”, highlighting a worrying rise in cancer cases and other non-communicable diseases (NCDs).

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    LIC to invest around Rs 1.30 trillion in stock market in FY25: MD & CEO

    Life Insurance Corporation of India (LIC) MD and CEO Siddhartha Mohanty has said that the corporation is looking to make fresh investments of around Rs 1.30 trillion in equities during the current financial year.

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    LIC of India launches new insurance plans – Check benefits, eligibility, other details

    The insurance plans were launched on Monday by LIC CEO and MD Siddhartha Mohanty and will be available both available offline and online.

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    ITR Filing: What is Updated Return? Who is not eligible to file an updated return? Check late fees, penalty

    Any individual may submit an updated return, with certain exceptions, irrespective of whether they have previously filed an original, late, or amended return for the applicable assessment year.

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    ITR Filing Date 2024 Live Updates: Income tax return deadline to be extended beyond July 31? What we know so far

    ITR Filing Date 2024 Live Updates: The income tax return deadline might be extended beyond July 31. Fresh updates from Income Tax Department on ITR deadline extension! What we know so far about the current status and when to expect refunds after e-verification and processing of income tax return.

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    Budget 2024 reduces TDS on life insurance policy payout from 5% to 2%, Now get a higher payout on these case

    As per budget 2024 proposal you will now get a higher amount of payout from your life insurance policy as TDS rate has been reduced to 2%. “It is proposed that TDS under section 194DA of the Act be reduced from 5% to 2%” says explanatory memorandum of budget 2024.

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    Top 10 expectations of individual taxpayers which Budget 2024 needs to fulfill

    Taxpayers eagerly await budget announcements that will increase their disposable income. Here are a few of the main anticipations that taxpayers have for Budget 2024.

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    Has Section 87A tax rebate been increased in old, new tax regime in Budget 2024?

    No increase has been announced in the tax rebate under Section 87A of the Income-tax Act in the Budget 2024. Tax rebate under Section 87A makes tax payable zero if an individual's taxable income does not exceed the specified level.

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    23/07/2024Money Control

    Budget 2024 Key Highlights: From capital gains, income tax changes to employment initiatives, here are the key takeaways

    Union Budget FY25: FM Nirmala Sitharaman presented the 2024-25 budget focusing on job creation and boosting consumption. Key highlights include capex at ₹11.11 lakh crore, tax rationalisation efforts, and schemes for employment, skilling, and women empowerment.

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    Indexation benefit on sale of property removed; new LTCG rate of 12.5% announced for capital gains on sale of property

    The budget 2024 announced the removal of indexation benefit available on sale of property. Due to this many people who sell their property will now not be able to inflate their purchase price and reduce their capital gains.

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    23/07/2024Money Control

    Budget 2024: What’s cheaper and costlier? Here's the list

    The reduction in customs duties on gold and silver to 6% is expected to stimulate retail demand and help mitigate smuggling issues in the world's second-largest bullion consumer.

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    ITR Filing Penalty After Due Date: Late fee for delayed filing of income tax return, last date, fees and more

    ITR Filing 2024: Penalty amount for filing income tax return after due date will be imposed. Taxpayers need to be alert as the deadline to file ITR is approaching fast.

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    ITR Filing: Risks of sharing your sensitive financial details with an income tax filer

    It is crucial to remember that your financial information holds significant value, encompassing all your investments and earnings for the year. Here are several important considerations to bear in mind before disclosing your ITR details.

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    Union Budget 2024: Why Standard Deduction limit needs to be increased to Rs 100,000!

    The existing standard deduction of Rs 50,000 is considered inadequate to address the rising expenses linked to the increased cost of living and, therefore, it is imperative to raise the limit of this deduction.

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    Attention Taxpayers! Income Tax Department warns against false claims in income tax returns

    The Income Tax Department has issued a strong advisory to taxpayers, advising them against submitting income tax returns with inaccurate claims for exemptions and deductions.

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    Best practices to keep your money safe from fraudsters

    Regularly monitoring your financial records and staying alert for any suspicious activities is crucial for early fraud detection.

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