Personal Finance

His post sparked debate on lifestyle inflation, financial planning, insurance, emergency funds and disciplined investing among young earners.

India is not under-buying life insurance, it is simply over-buying the wrong kind. We have turned a protection product into a savings habit.

What happens if you die without a will in India? JSA's Varghese Thomas explains succession laws, legal heirs, nominees, property transfers and the process families must follow.

Employee unions push for higher fitment factor and pension reforms as stakeholder consultations gather pace across the country.

A careful review of income records and relevant documentation before submitting an ITR can help taxpayers avoid unnecessary scrutiny, delayed refunds and potential compliance concerns.

One of the most closely watched demands before the 8th Pay Commission concerns the methodology used to determine minimum basic pay.

The panel, which is constituted once every 10 years, was set up by the Centre in November 2025 to to review the pay and pension structure of central government employees and retirees.

Family members and legal heirs are advised to submit claims timely to avoid unnecessary delay.

To become a crorepati, one does not need a higher contribution, but a long-term investment horizon.

A salary of Rs 15 lakh per annum translates to approximately Rs 1.25 lakh per month before taxes. After deductions, the take-home salary may range between Rs 90,000 and Rs 1.05 lakh per month.

Subscribers will soon be able to withdraw PF funds via UPI and EPF-linked ATMs, though tax implications will depend on service tenure and amount.

The government has limited most of the deductions to the old tax regime, but the new regime still brings many significant benefits.

Union argues revised CPI basket fails to adequately capture inflation faced by government staff and retirees.

The Staff Side of the NC-JCM has recommended raising the maximum payout to Rs 75 lakh. It has additionally argued for a new calculation formula that factors in 25 working days per month instead of the existing 30-day benchmark.

EPF withdrawals can provide valuable financial support during major life events such as marriage, higher education and buying a home.

As per the laws, tenants crossing the threshold are required to deduct Tax Deducted at Source (TDS), deposit it with the government and complete required procedures.

The government has also increased the auto-settlement limit for PF claims from Rs 1 lakh to Rs 5 lakh.

While a SIP involves investing a fixed amount regularly in market-linked mutual funds, a post office RD allows depositing a fixed sum every month at a guaranteed interest rate.

The revised ITR-3 form adds new columns under "Schedule Part A – Trading Account".

Experts generally recommend keeping utilisation below 30% of the total available limit. For example, if you have a combined credit limit of Rs 5 lakh across multiple cards, your outstanding balance should ideally remain below Rs 1.5 lakh.