Personal Finance

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.

In her latest Instagram video, digital creator Aditi Mishra pulled the curtain on her finances, breaking down the six distinct side-income streams that fuel her career.

Taxpayers who miss the original ITR filing deadline can still submit their returns, but they may have to pay a late filing fee and interest on any outstanding tax amount.

To earn a regular source of income, POMIS and SCSS are suitable, but one needs to be considered as a part of your core allocation and the other as a secondary bucket.

With their potential to beat inflation and generate substantial returns, it can be tempting to think that the investment must last forever.

Depending on the budget, if one can set aside small amounts for monthly investments, they can end up with a decent corpus.

The 8th Pay Commission has been requested to shift away from the Aykroyd formula to determine the calorie intake required by employees and their families.

Supporters of the changes say a higher gratuity ceiling and enhanced payout formula would help preserve the purchasing power of retirement savings and provide greater financial stability after superannuation.

The five years before retirement are considered critical for financial planning. This is the time to check whether your savings are enough, review where your money is invested and prepare for future expenses.

In India, home loan interest rates typically vary depending on the lender, borrower's credit score, income stability, loan amount and tenure.

Insurers say E20 fuel won't void motor insurance, but legal experts warn ambiguities remain over engine damage, policy exclusions and claim disputes.

As employees seek to submit their ITR, it is important to carefully review the details of Form 16 and ensure that all the information appears correctly.

From Public Provident Fund (PPF) to National Savings Certificate (NSC), each scheme has different features, eligibility criteria and interest rates.

As per the Income Tax Act, taxpayers whose tax liability exceeds Rs 10,000 after TDS/TCS must pay advance tax in installments instead of a lump sum.