Personal Finance

While earning Rs 1.5 lakh a month places you in a strong financial position, the deciding factors are your spending habits, savings rate and the wealth you have built by the time you turn 50.

Keeping your account updated will ensure seamless access to all EPFO benefits and help you avoid unnecessary paperwork when claiming funds after retirement. 

Choosing between Sukanya Samriddhi Yojana and a mutual fund SIP depends largely on your risk appetite and financial goals.

Under Section 64 of the Income-tax Act, certain income earned by specified family members can be added, or clubbed, with the income of another taxpayer while calculating tax liability. 

Without proper KYC, customers may only have access to basic banking services, while advanced features could be restricted.

Several users agreed that rising costs of housing, transport, healthcare and daily essentials have significantly reduced the value of salaries.

During this period, EPFO members will not be able to access several digital facilities provided by the organisation.

This monthly cap applies on reward points earned through brand vouchers bought via SmartBuy partners such as GyFTR and Woohoo.

Given the upside risk to the inflation outlook, the probability is skewed towards a future rate hike rather than a cut. But how soon rates would move up seems unclear.

Small finance banks like Suryoday Small Finance Bank offer an interest rate of 8.05% on FDs with a 5-year tenure.

One of the biggest strengths of the 8-4-3 approach is that it encourages consistency instead of trying to time the market.

The timing of retirement will play a crucial role to determine the baseline used to calculate pensions, gratuity, and other related benefits, potentially resulting in a higher retirement corpus following the rollout of 8th Pay Commission.

Following the end of June, a fresh set of tax compliance deadlines comes into focus for both taxpayers and businesses. Here are six key dates to keep on your radar in July 2026.

The fitment factor to be recommended by the 8th Pay Commission can be significantly higher if the family unit is counted as 4.6 instead of 3.0.

As Indians live longer and family structures evolve, the country needs better retirement products, healthcare financing and income solutions.

The Commission wants all government ministries, departments, and organisations to submit their required information only through its official online portal.

Illustrative calculations show how a 2.5x fitment factor could lift basic pay to over Rs 3 lakh, even as the Centre weighs fiscal implications.

Policyholders should remember that health insurers operate within a well-regulated framework and cannot reject claims without a justified reason.

Taxpayers who have already filed their Income Tax Returns for Assessment Year 2025-26 should keep an eye on June 30, as it is the last date for the Income Tax Department to issue scrutiny notices for returns submitted during FY 2025-26.

The last date to file ITR-1 and ITR-2 returns for FY 2025-26 (AY 2026-27) is July 31, 2026.