Personal Finance

Maharashtra government will pay Rs 800 crore in DA arrears to employees and pensioners under the 5th, 6th and 7th Pay Commissions.

"I am not asking you to sell at the lows — I am asking you to sell at the highs, and to sell something that has not been able to reach double digits on a 10-year basis," he said.

Understanding the PPF rules is critical when investing in PPF to achieve envisioned financial goals, as they affect your cash flows.

While the new tax regime offers lower tax rates, those selecting it may not be eligible for many traditional tax breaks linked to investments, rent allowances, insurance contributions and home loan benefits.

The staff side of NC-JCM opposed the existing provision that limits family pension to 30% of the notional pay of a deceased employee or pensioner.

Under the proposed system, EPFO subscribers will be able to check the amount available for withdrawal and transfer it directly into their bank accounts.

For salaried taxpayers and non-audit cases, the ITR filing deadline for FY 2025-26 is July 31, 2026. Before that, it is advised to check the records of AIS And Form 26AS to avoid mismatches and delays.

Under the revised tax rules, salaried taxpayers are entitled to a standard Rs 75,000 deduction. With new rebate limits, this makes income up to Rs 12.75 lakh effectively tax free.

With this move, Meta has joined major tech firms including Amazon and Microsoft in implementing AI-focused changes, triggering uncertainty among workers.

The labour ministry has been working on a project where a certain proportion of the EPF will be frozen, and a large chunk will be available for withdrawal through UPI.

Over 10 years, a lump sum amount of Rs 5 lakh, invested in mutual funds and gold, can grow into a sizable corpus.

Under the drawdown option, NPS subscribers will be able to access periodic payments from their lump sum corpus at intervals such as every month, quarter or year, while continuing to receive compulsory annuity payouts.

Relying only on EPF means your savings might not keep pace with lifestyle inflation over time, while banking only on SIPs can lead to sleepless nights during a market downturn.

Backed by the Government of India, PPF offers guaranteed returns along with attractive tax benefits, making it an ideal choice for long-term financial planning.

The tribunal cancelled the penalty and clarified that penalties cannot be imposed automatically when a taxpayer makes a genuine mistake based on employer documents.

OpenAI's chatbot explained how market timing impacts returns and whether a disciplined approach like SIP is better than investing a large amount at once.

UAE landlords can now access tenants' credit scores through a new ECB digital screening service linked with UAE PASS approval.

Electronic Gold Receipt (EGR) is digital proof of ownership of physical gold stored in SEBI-regulated vaults.

While gold ETFs have long dominated the paper gold space, the launch of EGRs has introduced a fresh investment avenue, allowing buyers to trade and hold gold in a fully dematerialised form.

The PPF currently offers a fixed interest rate of 7.1 per cent annually, equity SIPs have historically delivered average annual returns of around 12-14 per cent over the long term.