Personal Finance

Even small, regular savings can build a financial cushion over time and help meet future goals such as higher education, buying a home or handling emergencies. 

Retirement planning must focus on future expenses rather than today's spending. The "right" number entirely depends on your location, age, and timeline.

The 8th Pay Commission is likely to retain a fitment factor close to the 7th Pay Commission's 2.57 multiplier as it weighs the fiscal impact on the Centre and states, according to a report.

The long-awaited EPF interest payout is expected to reach subscribers' accounts in the coming weeks, according to reports. Here's how account holders can track the changes in their provident fund savings.

The EPFO said that the planned upgradation and migration will improve user experience and processing efficiency.

Investors holding eligible Sovereign Gold Bond series issued between 2019 and 2021 can opt for premature redemption after completing the mandatory five-year lock-in.

Economics is often presented as a study of money. But as we know now, it is not.

A 2.0 fitment factor could sharply lift HRA by increasing the revised basic pay, though the final allowance structure will depend on the 8th Pay Commission's recommendations.

While young adults understand the importance of health insurance, they often view it as a purchase for their 30s, according to the report.

While Form 16 makes ITR filing easier, it is not a mandatory document for filing your return.

By investing a fixed amount every month and allowing your money to benefit from the power of compounding, even a modest investment can grow into a sizeable corpus over time.

When you prepay your home loan, the total interest you pay over the loan tenure reduces. 

Regardless of the source of income, be it employment, independent work or business operations, submitting tax returns on time can play a crucial role in preserving financial credibility.

Historical trends have shown that even small, consistent investments over time have the potential to grow into a meaningful corpus.

Studies suggest credit card rewards activate the brain's reward system, encouraging spending beyond reward-earning categories.

Under the 7th Pay Commission, a fitment factor of 2.57 raised the minimum basic pay from Rs 7,000 to Rs 18,000.

The temporary shutdown of services is aimed at improving service quality and making claim processing faster and more efficient in the future.

A return may be selected if the department notices something unusual or wants to verify certain information.

By aggregating data from mutual fund portfolios, demat accounts and eligible bond investments, a CAS provides a comprehensive overview of an individual's electronic holdings.

An ITR is also necessary to claim certain tax refunds, including excess tax deducted at source (TDS).