Wed, May 01, 2024
Income Tax: E-filing is simply a process of electronically filing Income tax Returns/Forms through the Internet. It can be done through the income tax department's official website.
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Mon, Apr 29, 2024
'All-in-one' insurance product is coming: Single insurance of life, health, accident and property! 'Bima Vistar' premium for individuals is ₹ 1,500.. Know complete details in this video.
How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.
Tue, Aug 29, 2023
If you default on the repayment, the lender has a number of measures lined up to get back their money. This includes the SARFAESI Act, 2002, under which the lender may auction the property kept as collateral.
Mon, Aug 28, 2023
Ladli Behna Yojana beneficiaries will now be entitled to a higher financial aid and about 1.25 crore women will be benefited from this decision. The Madhya Pradesh government has increased the monthly allowance from Rs 1,000 to Rs 1,250.
Families with two or more earning members can easily choose a joint home loan as it reduces the burden on a single person and also helps in increasing the loan amount.
The Income Tax Department has also started notifying taxpayers, reminding them to verify their tax returns before the due date.
Tax benefits may vary depending on the types of loans. Taxpayers can claim different deductions based on the interest and principal amounts paid towards loans.
Sat, Aug 26, 2023
Equitas Small Finance Bank revised its fixed deposit interest rates from August 21. Senior citizens will get as much as 9 per cent interest on FDs under the new scheme.
The Atal Pension Yojana is open to all bank account holders between the ages of 18-40.
Even assuming a modest SIP contribution of Rs 500 a month for 20 years at 12 per cent returns, a person’s initially invested Rs 1.2 lakh will grow to nearly Rs 5 lakh. A more aggressive strategy of investing Rs 7,500 a month at 15 per cent interest for the same period will result in a total wealth of Rs 1.13 crore against an investment of Rs 18 lakh.
Fri, Aug 25, 2023
Before picking either a fixed deposit or opting for the National Pension Scheme, a person needs to first decide on the ultimate goal. Both are very good financial instruments, but which one is better depends on what kind of benefits you are looking for.
In case of a delay in receiving the income tax refunds, one can visit the e-filing portal of the Income Tax Department.
After three years from the last month of contribution made the account will turn ‘inoperative’. Funds in an inoperative EPF account will not earn any interest, as per EPFO rules.
The Income Tax Department may make errors in processing ITR, which could lead to excess refund being deposited in a taxpayer's account. Tax payers may also get a notice from the I-T Department for recovery of excess amount along with interest.
Thu, Aug 24, 2023
EPF is one of the best retirement savings plans through which people can make a higher rate of savings and thus use this corpus for post-retirement plans
At different phases of life you should review and increase the life insurance coverage amount to meet increasing responsibilities. One of the convenient ways to increase the insurance cover on an existing policy is with the top-up option. This is helpful for young investors who can invest more money with a rise in income.
Wed, Aug 23, 2023
A high credit score helps to get quick approval for loans and other credit instruments. It’s important to have a good credit history for a high CIBIL score.
Investors should understand how these two plans operate in terms of cost structure and how it affects their returns before deciding whether to invest in Direct or Regular mutual fund schemes.
Some individuals need to get their accounts audited to ensure compliance with the tax laws. The deadline to submit the tax audit report is September 30.
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