Kamath highlighted how Indian banks play a key role in deciding the pace at which money multiplies in the economy, adding that the process is intentionally kept slower.

Kamath highlighted how Indian banks play a key role in deciding the pace at which money multiplies in the economy, adding that the process is intentionally kept slower.

The Income Tax Department requires taxpayers to declare every active account, including savings, current and overdraft accounts.

Under Section 234F of the Income Tax Act, taxpayers who fail to file ITR on time have to pay a late fee up to Rs 5,000.

Level-1 employees will see HRA rise significantly across X, Y and Z cities if the 8th Pay Commission adopts a 2.57 fitment factor.

The database consolidation and software upgrade shifts members' records from a decentralised structure to a centralised database.

The tax you pay on an EPF withdrawal depends on several factors, including how long you have been employed, the reason for the withdrawal and the amount you take out.

A 20-year investment horizon is generally considered a long period that gives money more time to benefit from the power of compounding and market cycles.

The EPFO's Amnesty Scheme 2026 offers eligible PF Trusts retrospective regularisation, compliance waivers and a six-month window to apply for exemption.

While E20 offers environmental benefits, its use in vehicles that are not compatible with the fuel has raised concerns about performance, maintenance and compliance with manufacturer recommendations.

ITR7 is the form that mainly applies to trusts, political parties, research institutions, universities, colleges, and other specified entities claiming exemption.