Fri, Dec 01, 2023
How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.
Thu, Nov 30, 2023
Wed, Nov 29, 2023
Fri, Aug 18, 2023
Thu, Aug 17, 2023
Updated return or ITR-U allows for the filing of an updated Income Tax Return by any person irrespective of the fact they have already filed an original, revised or belated return for the relevant financial year.
The total EPF amount can be withdrawn by the employee after retirement and advance withdrawal is also allowed under certain conditions. For a hassle free withdrawal of EPF amount it’s important to keep your bank details updated on EPFO records.
While credit cards offer instant financial support, loan against mutual funds comes with a series of benefits like competitive interest rate, quick disbursal and the benefit of continued returns. Loans against Mutual funds could be a better option if you are looking for earning returns while repaying the loan.
If the total service period of the EPFO member is 10 years or more the pension amount can only be transferred from one account to another using the EPS Scheme Certificate. It’s optional for the employee to transfer the EPS fund if the service period is more than 180 days and less than 10 years.
If you want to stop Rs 330 being deducted from your SBI savings account, you need to visit your nearest branch and submit an application to discontinue your Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) subscription.
The SBI Amrit Kalash scheme offers 7.1 per cent interest on the investment for regular customers. Senior citizens are eligible for an additional 0.5 per cent interest.
A car loan offers one the opportunity to fulfil their wish to own a four-wheeler without impacting their bank balance significantly. Using one's savings to finance a four-wheeler purchase frees them from any debt obligation.
Wed, Aug 16, 2023
Investing in life insurance at an early age can be a life saviour as it not only offers a good savings option but also provides financial security to the family in case of any unfortunate incident. For young people, life insurance plans also come with lower premiums.
Completely different from life insurance plans, term life insurance is a type of plan that offers full risk protection to the policyholder's family in case of his/her untimely death.
Adding even small amounts to savings regularly is the best way to create a corpus fund for the future. A systematic investment plan (SIP) can be a great option to build a large fund. The key to wealth creation is a diversified investment portfolio or dividing the money between different sources of income generation like equities, mutual funds, and others.
Fixed deposits come with less risk, but provide lower returns. On the other hand, liquid funds are more volatile, but also provide higher returns. Choosing the right investment instrument should be based on your risk appetite and financial goal.
Restructuring salary may not maximise the take-home amount for an employee but it will help minimise the taxable amount by increasing your savings. You can claim exemptions for using cabs to office or work related commuting, phone bill reimbursement and meal reimbursement, among others to increase deductions.
Taxpayers have time till December 31, 2023, to file their belated returns with a fine of Rs 5,000, or Rs 1,000 if taxable income is below the Rs 5 lakh. But, while filing belated ITRs switching to New Tax Regime won’t be possible. To switch tax regimes taxpayers must file Form 10-IE within the ITR filing deadline.
The Income Tax Department has been warning taxpayers asking them to remain aware of fake links on ITR refunds and to refrain from disclosing any personal information based on such messages. The Income Tax Department has clarified that it does not send any messages with URLs to confirm or offer ITR refunds.
The Income Tax Department allows taxpayers who missed the July 31 deadline to file a belated return. In such cases the taxpayers will have to pay a fine for late filing of ITR.
Mon, Aug 14, 2023
Financial Freedom: The market is at new heights, India's growth story is unmatched, and retail investors have contributed a lot in this journey, recognizing this strength, they are walking on the path of success. Today we will tell you what should be your next investment strategy?
To ensure that cardholders are not overspending, they need to maintain a limit on their purchases while using the credit card. In such cases, one can fix their usage to 50-60 per cent of the overall credit limit and stay tight on unnecessary expenses. Financial advisors suggest that credit card usage limit should be up to 30 per cent.
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