New Delhi, Sep 16 (PTI) The government has decided to extend a one-time option to central government employees who joined services between April 1, 2025, and August 31, 2025, and have opted for the National Pension System, to migrate to the Unified Pension Scheme (UPS). This option may be exercised on or before September 30, […]

A trader revealed that her chartered accountant is having sleepless nights in the office due to frequent glitches in the income tax portal, which is funded by taxpayers’ money. In a post on the social media platform X, Aakanksha Gupta wrote, “My CA told me that he has not gone home and spending sleepless nights […]

ITR Due Date Extension: In a good news for taxpayers, the Central Board of Direct Taxes (CBDT) on Monday extended the deadline for filing income tax returns (ITR) for Assessment Year (AY) 2025-26 by a day to 16 September. Therefore, the last date to file ITR is today. The decision came after several taxpayers and […]

India’s UPI system has enabled high-value transactions, allowing users to pay up to ₹10 lakh a day for investments, insurance, travel, credit cards, and jewellery, starting today. It is simultaneously scrapping the P2P “collect request” feature from October to prevent fraud. The move, announced by the National Payments Corp. of India (NPCI), aims to make […]

Income Tax Due Date: As the income Tax Return (ITR) Filing deadline nears, social media users have demanded an extension for the same, saying that they cannot open the official Income Tax Department portal to file taxes. According to users on social media, many taxpayers have been facing issues as the deadline to file ITR […]

ITR Filing: The deadline to file income tax returns ends tomorrow, and failing to do so may lead to several consequences for the taxpayers. The income tax return (ITR) filing deadline has traditionally been 31 July, often extended at the last minute due to technical glitches on the e-filing portal. However, this year, the I-T […]

Filing income tax returns is a crucial financial responsibility, where taxpayers are required to declare their actual income accurately. However, some taxpayers may unintentionally underreport or misreport their earnings, which could lead to penalties. Whether due to confusion about what income is taxable or negligence, underreporting or misreporting can have several consequences. With just a […]

If you have not yet filed your income tax return (ITR), you must be a brave individual. So, you should continue to demonstrate your bravery and not panic at this stage. Moreover, you still have three more days (including today) to go before the deadline ends on 15 September. Although 5.95 crore returns were filed […]

Income Tax: The last date to file an income tax return for FY 2024-25 is September 15, which is just around the corner. According to the income tax department’s data as of September 11, as many as 5.47 crore income tax returns (ITRs) have already been filed, out of which 3.66 crore returns are verified. […]

Regular credit card users tend to use their cards for a range of benefits, which include cashback and rewards. Here, we give a lowdown on what matters more for the credit card users — are they cashbacks or reward points? Before proceeding further, let us first understand the key difference between the two. Cashbacks allow […]

Credit cards: Credit card users are supposed to pay an annual fee when joining or obtaining the card and a renewal charge every year. However, there are some cards that waive the joining fee upon spending beyond a threshold. Here, we list SBI credit cards that levy an annual fee lower than ₹500. Most of […]

(Reuters) Reserve Bank of India (RBI) plans to allow banks to remotely lock mobile phones bought on credit if the borrowers default on those loans, two sources said, in a move aimed at curbing bad assets that is likely to raise consumer rights concerns. Over one-third of consumer electronics, including phones, are purchased on small-ticket […]

A CIBIL score above 700 is considered good and offers myriad advantages, and reflects strong creditworthiness and good financial behaviour. For instance, someone with a good credit score offers easier loan and credit card approvals, lower interest rates and faster loan processing, among other advantages. Superior credit score: These are the advantages Quick approvals: A […]

Inflows into equity mutual funds drop to ₹33,430 crore in August against ₹42,702 crore in July

Credit score: Credit score casts an influence on loan approvals, interest rates, and credit card approvals. A loan borrower or credit card applicant with a high credit score is likely to secure a better deal against someone with a poor or moderate score. While payment history and credit utilisation are popularly-known, there are several hidden […]

NEW DELHI : Reporting Virtual Digital Assets (VDAs) on your tax return is not easy. Cryptocurrency-related transactions require scrip-wise reporting, meaning each transaction must be reported separately. Also, different types of transactions are reported under different sections. Spot trading, peer-to-peer (P2P) transfers and the sale of a VDA, including selling for INR or for another […]

Credit cards: Would you like to buy an air ticket without having to pay for it? That sounds cool, doesn’t it? This can happen with the aid of reward points that can be monetised to buy a flight ticket. Notably, air miles are a very generic term and are often used interchangeably with reward points, […]

Reporting Virtual Digital Assets (VDA) while filing your income tax return (ITR) is a monumental task because the transaction data is a chaotic mess, scattered across multiple exchanges, wallets, and blockchains. This makes consolidating your trades and finding the correct cost of acquisition the single biggest hurdle for investors. “The major concern in reporting VDA […]

The 56th GST Council meeting introduced a series of reforms under what is being called GST 2.0. The changes focus on three main priorities: offering some relief to consumers, supporting labour-intensive sectors, and aligning policy with broader national interests. The Council’s measures are intended to simplify the indirect tax structure, make compliance less cumbersome, and […]

Income Tax: The last date to file an income tax return is September 15. With only 10 days left to file the ITR, most taxpayers have already filed their return and are waiting for their tax refund. However, if you have not filed your return, you must ensure that you do not make any major […]

Mutual funds: Retirement planning should be one of the most important goals of everyone’s life. As soon as an investor starts earning, it is recommended to set aside a small sum towards retirement. It may appear too conservative an approach but the research has proved its benefits. From Ben Graham to Warren Buffett, every legendery […]

The fund house also has the benefit of Jio’s large distribution ecosystem, which allows it to focus on direct-only plans for now. In this interview, Swaminathan talks about the fund’s plans, AI-driven products and more. Edited excerpts: Can you walk us through the overall plan that you have for unfolding Jio BlackRock AMC? With BlackRock […]

Credit score: If you are planning to take a loan anytime soon or apply for a credit card, it is imperative for you to be aware of your credit score, which is a key indicator of your creditworthiness. And if you happen to discover that this score is too low to fetch you anything, then […]

In the last few years, banks have introduced brand-specific (co-branded cards), business group-specific, category-specific, etc., credit cards. While each credit card may offer good benefits, the benefits are restricted to the specific brand, business group, or category. So, these cards cater to an individual’s specific need(s), but not all needs. Hence, to cater to all […]

The central government on Thursday said it has notified rules regarding service matters related to benefits under the Unified Pension Scheme (UPS) in respect of its employees. “The Department of Pension and Pensioners’ Welfare has notified in the official Gazette on the Central Civil Services (Implementation of the Unified Pension Scheme under the National Pension […]

In August 2025, Paisabazaar released a report titled “How India Checks Credit Score”. The report provides insights into India’s most credit-healthy cities (Delhi and Pune), individuals with the highest credit score in the country (861), individuals with the longest credit history (23 years), etc. The 30-day survey attracted participation from 4.7 million individuals from 710 […]

Credit score: If you are looking for a loan but your credit score is in the range of low to mediocre, you do not need to fret! There are a number of tips and tricks that you can follow to grab a good personal loan deal even with a mediocre credit score.  Here, we list […]

Gig workers can now invest as low as ₹100 a day in a mutual fund (MF) through a fintech app. Zeny, a newly launched fintech platform founded by Oxford University alumni Nikhil Nair and Nikhil Saigal, has gone live on the Open Network for Digital Commerce (ONDC) with its daily MF SIPs (Systematic Investment Plans) […]

Personal loan: Before applying for a personal loan, applicants must consider several crucial factors. The borrower must ensure that the interest rate is affordable, there are no hidden charges, the lender is credible, and the loan is disbursed on affordable and convenient terms. What if you get a personal loan deal from a lender, and […]

Making a credit card part of your long-term savings plan can be a smart financial decision. Instead of seeking credit cards merely for spending purposes, they can be leveraged to earn rewards, cashbacks, associated benefits, and manage expenses prudently. With rising digital transactions and evolving credit card norms and regulations, here are five tips for […]

I am a resident of India and have purchased Bank of America’s 4.45% NYSE-listed bond under the Liberalized Remittance Scheme (LRS). When I sell these bonds, how will they be taxed in India? —Name withheld on request As a resident of India, your worldwide income is chargeable to tax in India. This includes capital gains […]

I’m 62 years old and retired from a bank manager post in August 2023. Here’s my situation: my parents purchased a residential built-up property of 149.10 sq. meters in East Delhi in July 1996 for ₹4.96 lakh. After their passing, I inherited it through registration deed, will, and mutation in February 2020. The 2001 valuation […]

Income-tax returns: It is tax season again, and particularly for salaried and business taxpayers, please note that these are the last few days to file your income tax returns or ITR without incurring a late penalty. What is the late date for filing your ITR? The I-T department in May announced that it is this […]

ITR filing: Whether you’re a salaried individual, freelancer, or have just entered the job market, filing income tax returns (ITR) for the first time may seem complicated. The Income Tax Department has frequently shared tips and methods for filing tax returns conveniently and quickly.  Before filing ITR, it is essential for taxpayers to register on […]

ITR Filing: The ITR filing season is here and if not done correctly, you can receive an income tax notice from the department. Receiving an income tax notice can be stressful for many taxpayers. However, it must also be kept in mind that this is the time when scammers try to target taxpayers by sending […]

Credit cards: Do you travel often by air and happen to cross-cross the length and breadth of this country? If that is the case, you must have encountered numerous cases when you had to wait at an airport lounge for a long time before departure simply because you reached long before your flight is scheduled. […]

Paytm on Friday clarified that a Google Play notification that recently caused panic among users regarding its UPI handle changes were incomplete and may have given rise to confusion. The payments and fintech company, led by Vijay Shekhar Sharma, emphasised that there will be no disruption for users when they make UPI payments on Paytm. […]

If you are a customer of these insurers, you may be wondering if you should port your policy to another provider. Well, the good news is there’s no need to panic. Mint has learnt that both Bajaj Allianz and Care Health have met AHPI separately to iron out their differences with member hospitals. The suspension […]

Raising a loan is not unusual. Whether you need money for a house renovation or an emergency, you can seek a home loan from a bank or a fintech platform. However, if you believe that you can rely on a loan for anything and everything, then you are wrong. It is not recommended to seek […]

In the annals of war strategy, few tales are as legendary, or as deceptive, as the Trojan Horse. After a tiring and fruitless 10-year siege of Troy, the Greek army appeared to retreat, leaving behind a giant wooden horse as a peace offering. The Trojans, confident of their victory, got curious about the gift and […]

Personal loans: Getting a loan offer from a bank or fintech platform is not an uphill task. If the loan applicant enjoys a good credit score, they can secure a good personal loan in no time. All the person needs to do is share their mobile number, get the eKYC done, and submit the necessary […]

Experts attribute the cooling interest to the growing appeal of the new tax regime, which offers no benefits on NPS contributions, and to weak distributor incentives that have kept retirement advisory from gaining traction. There are only 63 retirement advisers (RAs), according to the latest numbers available with the Pension Fund Regulatory and Development Authority […]

ITR Filing for AY2024-25: Income Tax Filing is mandatory for every individual with an income over the basic exemption limit. The Income Tax Department has extended due date for filing an ITR without penalty to 15 September. To file your ITR, taxpayers will have to register on the e-filing portal at www.incometax.gov.in. So if you […]

Known as the Oracle of Omaha and for his spectacular run at the helm of Berkshire Hathaway, many investors big and small, look to billionaire Warren Buffett for his advice on the best course of action in the markets. Among his favoured investment advice for average investors is the 90/10 rule. What is this rule? […]

State lender Punjab National Bank (PNB) is set to give a fresh push to its credit card operations from November onwards as it expects its revamped IT infrastructure to be in place by that time. “PNB credit card is not visible in the market, although the features are at par with any other card in […]

Income tax filing 2025: Demat account holders, it nearing the deadline for the income tax filing this year, so if you still have to file your ITR, here’s are the top 10 things to keep in mind — from which types of income, to which form to fill. Individuals open a Demat account to track […]

ITR Filing: As the deadline to file income tax returns nears, taxpayers must remain cautious to avoid inaccuracies, which may cause delays or even penalties. From selecting the applicable tax regime to verifying the necessary documents, here are some precautions listed by the Income Tax Department on its ITR-1 (Sahaj) platform for taxpayers to avoid […]

One of Bollywood’s veteran actors, Jackie Shroff and his family turned a party into a megadeal opportunity when they cracked an investment opportunity to put their money in the Sony Entertainment Television channel in India. The returns from the investment were in the tune of a growth rate of supposedly turning ₹1 lakh into ₹100 […]

When filing your Income Tax Return (ITR), one of the most common questions taxpayers have is: Which form should I use, and how can I maximize my tax savings? If you have income from house property, you must be reported in your tax return and fill out the correct ITR form. How to pick the […]

Income Tax Return Filing 2025: Joint accounts are regular bank accounts that are opened by two people jointly who can enjoy equal benefits when it comes to deposits and withdrawals — including income tax return (ITR) benefits. Joint bank accounts have a primary account holder, and the second person is called a secondary account holder. […]

Credit Cards: If you are a frequent traveller, it is recommended to use a credit card that gives you some cashbacks and reward points against booking a flight ticket or hotel. Aside from these benefits, some credit cards also provide free access to lounges in domestic as well as international airports. Meanwhile, it is important […]

FD interest rates: Before you open a fixed deposit account, it is recommended that you compare the interest rates offered by different banks—both private and government-owned. Although most banks tend to offer similar interest rates, it is still better to compare them because even a marginal difference of 50 basis points can lead to a […]

Central Board of Direct Taxes (CBDT) has notified ITR-U (updated), a form that allows taxpayers to rectify errors or omissions and file your previous Income Tax Return. ITR (U) was introduced under Section 139(8A) of the Income Tax Act. Here is everything you need to know about ITR-U. What is ITR-U? To encourage voluntary compliance, […]

Income tax returns: It is the tax season once again, and while the e-filing process for income tax returns (ITR) has become quicker and easier over the years, the process can still be daunting for for first-time filers. Salaried individuals overwhelmed by the process — from what documents are required, to which forms is the […]

Term plans bought in India remain valid even after one becomes an NRI. But policyholders must fulfil certain formalities to ensure their cover continues seamlessly. Here’s what you need to know to ensure your policy stays active and provides seamless coverage. Declaration of NRI status “The key point is, when you move abroad, you must […]

Income tax returns: It is the tax season once again, and while ITR e-filing has become quicker and easier over the years, the process can still be daunting for for many first-time filers. So, we take you through what to do in case you’ve made a mistake while filing your ITR and want to make […]

BusinessWire India/ANI: IndiGo and IDFC FIRST Bank announced the launch of the IndiGo IDFC FIRST Credit Card, which is a one-of-a-kind card that combines the benefits of both Mastercard and RuPay networks through a single application. This partnership shows a shared commitment to delivering value, convenience, and everyday benefits to customers. The credit card enhances […]

If you are a credit card user, you may have already received a few phone calls from other banks offering their cards. Your standard response in this scenario could be – when you already have one card, why on earth would you opt for the second one? The concern is not irrational, but it calls […]

Mutual Funds: If you are contemplating investing in a mutual fund scheme, it is important to first compare its returns against those of other mutual fund schemes in the same category. Although past returns do not guarantee future returns, they play a vital role in helping an investor decide whether a scheme is worth investing […]

Our resident welfare association (RWA) has taken fire insurance covering the structure of the building. As a flat owner, would my flat be covered if a fire occurs only in my flat without affecting the overall building? What is the process in such a case? What coverages should the RWA ideally have? Anything specific that […]

One instrument worth considering in this scenario is the RBI Floating Rate Savings Bond (FRSB), which currently offers 8.05% per annum and comes with the comfort of sovereign credit quality. How does it work? The FRSB is issued by the RBI on behalf of the government of India. You don’t need a demat account to […]

These changes aim to resolve long-standing challenges in managing unliquidated assets while giving fund managers more operational flexibility. At the same time, they introduce new complexities that will require careful oversight to ensure investor confidence is not undermined. This article examines the opportunities and challenges these reforms bring, and how Sebi can further strengthen its […]

The Employees’ Provident Fund Organisation (EPFO) has announced new rules to make it more convenient for its users to link Aadhaar with their Universal Account Number (UAN) and make changes to their personal details.  The fresh rules are aimed at speeding up access to provident fund services, reduce paperwork, and ensure timely payouts, especially in […]

Nearly six days after releasing the excel utility of ITR-5, income tax department on Thursday released the utility of ITR-6 as well.  Those who are not aware, ITR-6 is the income tax form meant for companies other than the ones claiming exemption under section 11. Additionally, income tax department has also released the facility for […]

Best Mutual Funds: Before investing in a mutual fund scheme, investors typically examine its past few years’ returns and compare them with those of other schemes in the same category. The past performance of mutual funds sets the tone for their future performance. A high-performing fund, for instance, is likely to garner a lot of […]

Income Tax: A number of tax experts and taxpayers are reportedly facing problems with filing the income tax returns (ITR) for FY 2024-25. Some of them Livemint spoke to claimed that two crucial documents, AIS (Annual Information Statement) and TIS (Taxpayer Information Summary), could not be downloaded on Tuesday, while the I-T filing portal was […]

Personal loans: Bollywood actor Shilpa Shetty and husband Raj Kundra are embroiled in a fresh row after a police complaint was filed against them for allegedly duping a businessman of ₹60.4 crore. What is interesting is that it was a loan that the company, Best Deal TV, run by the Shetty-Kundra duo, raised but was […]

For most investors, amassing wealth to meet their goals is important, be it increasing your net worth, creating a good retirement fund, funding your or your children’s education, building a wedding fund, and more. However, most may not know where to begin, or how. To guide in this, we bring you a simple do-it-yourself (DIY) […]

The government has responded to a question on whether or not central government employees and pensioners will get their three instalments of Dearness Allowance (DA) and arrears frozen during Covid-19, saying that it was “not feasible”. Answering a question at the Lok Sabha on August 11 regarding the roll out of three instalments of arrears […]

Income-tax returns: From what documents are required, to which forms is the one to fill, and what is the last date of filing — we look at the top 10 important things to remember for first time taxpayers filing their income tax returns (ITR). Notably, while the e-filing process has become quicker and easier over […]

The Finance Ministry has on August 12 notified a corrigendum to the new Income-Tax Bill 2025, which clarifies the interest to be charged on short payment of advance tax by a taxpayer, according to a PTI report. This corrigendum provides for 3 per cent interest on short payment of advance tax, and aligns the new […]

There’s been an increase in in-vitro fertilization (IVF) treatment in India due to factors such as rising infertility rates, growing disposable incomes, wider awareness about IVF and progress in IVF technology. Assisted reproductive technology refers to the medical procedures used to treat infertility. IVF is one of the most common forms of fertility treatment. The […]

When I was a resident of India, I made a seed investment in a friend’s private limited company in the country in late 2019. Just before the covid-19 pandemic, I shifted to Singapore for work and have been residing there since. In early 2022, I purchased additional shares from a non-resident investor and paid her […]

I started a two-year fixed deposit (FD) in January at a 9% interest rate. On 31 March, the bank calculated the interest earned/accrued at 9% for three months and charged tax deducted at source (TDS). The annual information statement (26AS) shows the interest income of 9% over three months and demands tax on it. However, […]

ITR Filing: It is that time of the year again when taxpayers across the country file their income tax returns (ITR). As such, here’s a detailed look at the ITR due date, the last deadline to file returns, delayed ITR filing and penalty for late filing of your income tax returns. Before filing your ITR […]

ITR Filing 2025: As the ITR 2025 filing season is approaching, many freelancers and consultants are uncertain about how their income is taxed differently from salaried employees. The key differences lie not only in the type of ITR form to be used but also in how income is calculated, the deductions that can be claimed, […]

Finance Minister Nirmala Sitharaman moved to withdraw the New Income Tax Bill, 2025, on Friday, after a Parliamentary Select Committee led by BJP MP Baijayant Panda suggested host of changes to the legislation. The revised New Income Tax Bill, 2025, will be introduced in the Parliament on August 11, sources said. The House approved the […]

ITR Filing: As taxpayers swing into action to file their income tax returns (ITR) ahead of the 15 September deadline, a Reddit post has sparked debate on how income tax is levied on profit earned from the stock market. During ITR filing, a Reddit user, who goes by ‘anoopdreams,’ was stunned when his CA revealed […]

The Income Tax Department has warned taxpayers about a rising wave of phishing scams amid an increase in ITR filings by citizens. Scammers are trying to impersonate the I-T Department and promising fake refunds, it warned. The Income Tax Department issued a public alert on X to warn taxpayers about the ongoing income tax scam. […]

If you have a huge credit card bill and are now contemplating settling the same with the bank, then you should think again! This could be quite damaging for your credit score. It is worth remembering that ‘settlement’ does not lead to ‘closure’. When such a transaction takes place, it is reported to the credit […]

Income Tax: Fewer than 40 days remain before the September 15 deadline to file the income tax return (ITR) for FY25. Some taxpayers could be busy arranging necessary documents as advised by their chartered accountant, whereas others would be doing it all on their own. Those who opt for the DIY approach have their hands […]

Before you invest in a mutual fund scheme, it is recommended to examine its past returns. Just like in a stock, a scheme’s past returns give an indication of how it may perform in the near future. Additionally, since mutual fund schemes indicate aggregate returns of their constituent stocks, their past returns gain relevance just […]

The Reserve Bank of India on Wednesday flagged that a number of Pradhan Mantri Jan Dhan Yojana accounts are due for a re-KYC as the scheme has completed 10 years. In his MPC statement, RBI Governor Sanjay Malhotra said that camps are being organised by banks for customers to complete their re-KYC. Launched in 2014, […]

Before investing in a mutual fund scheme, it is important to review the past returns. This gives an indication of how the scheme may perform in the near future. Although past returns do not guarantee future performance of a scheme, they set the tone for how the scheme is likely to perform in the future. […]

The urge for non-residents to invest in India is as real as the country’s growth story. If you’re an NRI who wants to invest a part of your portfolio in the Indian market, the first step is to decide how to route those investments efficiently. Should you open a demat account and invest directly in […]

In a recent statement shared on X, Elon Musk confirmed that he has no personal loans taken against Tesla as some had suspected, while reiterating his anxieties about being ousted by activist shareholders. The billionaire expressed optimism that these concerns would be addressed at the forthcoming shareholders’ meeting. It may be noted that Tesla on […]

The Employees Provident Fund Organisation (EPFO) has announced that the allotment and generation of Universal Account Number (UAN) will be done only through the Aadhaar-based Face Authentication Technology (FAT) in the UMANG App. The new rule came into force on August 1, 2025. However, the existing process of generating UAN through the employer will continue […]

A recent LinkedIn post by Kirtan A. Shah, Founder and CEO of Credence Wealth, ignited a debate, highlighting “The most common investing mistake.” The wealth management firm owner shared an instance where 15 years back an investment was made in a very popular insurance policy but after its maturity, the low returns felt like a […]

My brother and I jointly purchased a property 10 years ago. My brother contributed 30% of the price while I contributed the rest. This can be evidenced only from the Money Receipt attached to the Registered Sale Deed but not mentioned explicitly in the Deed. Now my brother wants to Gift his share of the […]

EPFO Rules: The Employees Provident Fund Organisation (EPFO) makes it mandatory for all companies to sign up for its PF scheme in order to build a safe nest for workers after their retirement. For companies with 20 or more employees, the contribution must be 12 per cent of the basic salary. As per PF rules, […]

ITR Filing 2025: The government has extended the last date to file income tax returns for 2025 to September 15, as opposed to the typical July 31. However, it is advisable to file ITR before the due date to avoid making last-minute mistakes during the rush and get room to correct them if you have […]

1. Know your future clients. Millennials and Gen Xers are estimated to inherit $34 trillion, according to research from Cerulli Associates. Part of this wealth transfer is due to succession planning by family-owned businesses: There are 23 million small businesses in the United States today, many undergoing generational change.  I think this incoming set of […]

If you are wondering why your personal loan application keeps getting declined, or why you cannot get a loan at a low rate of interest? The secret could lie in your credit score, which, in all probability, is low. A credit score is a three-digit number that banks use to judge your financial reliability, PTI reported. […]

UPI Rule Change From Today: The National Payments Corporation of India (NPCI) is implementing a few new UPI rule changes from 1 August, Friday, to improve how the system works. If you are someone who uses the UPI services like PhonePe, Google Pay and Paytm frequently, then you must know about these online payment system […]

Tata Consultancy Services Ltd’s decision to cut roughly 12,200 jobs this fiscal year, largely impacting mid- and senior-level staff, is sending shockwaves through India’s IT sector.  As the nation’s largest IT services firm undertakes its biggest-ever lay-off in the company’s history, driven by a shift to “future-ready” skills and aggressive AI adoption — job loss […]

Taking a personal loan can provide borrowers with financial flexibility. This comes in handy for big purchases or emergencies. Still, managing repayment is extremely important to avoid late fees, penalties, or damage to your credit score. This is where an EMI (Equated Monthly Instalment) calculator proves indispensable. Therefore, an EMI calculator isn’t just a planning […]

Every individual in the country is entitled to one free credit report every year from each of the four leading credit bureaus, according to the Reserve Bank of India guidelines. The four bureaus are TransUnion CIBIL, CRIF High Mark, Equifax, and Experian. Here is a step-by-step guide that will assist aspirational individuals in procuring their […]

The income tax department clarified that the new Income Tax Bill, 2025, does not propose any changes to tax rates, including long-term capital gains. The bill focuses on simplifying language and eliminating outdated provisions. In a post on the social media platform X, the Income Tax Department informed, “There are news articles circulating on various […]

Query: We come from a large and complex family setup. My father and his three brothers have jointly run a business that was started over 50 years ago, with verticals spanning silver jewellery manufacturing, silver bullion, and coin trading. Over time, the next generation has grown to include over 10 cousins — some of whom […]

India’s apex income tax regulatory body, the Ministry of Finance’s Central Board of Direct Taxes (CBDT), declared on Monday, 28 July 2025, that it is relaxing the time limit for income tax returns (ITRs), which were erroneously rejected by CPC up to 31 March 2024.  “The matter has been considered by the Board and it […]

Prior to opening a fixed deposit (FD) with a bank, it is important to compare the interest rates offered by its rivals. After RBI cut the repo rate by a total of 100 basis points in three consecutive policy meetings this Calendar year, most banks followed suit and cut their interest rates on fixed deposits […]

Citigroup has become a latest entrant to join the competitive luxury credit card market with its new Strata Elite Card. This latest offering is the bank’s attempt to grab a piece of the high-fee, high-rewards credit card market that is currently dominated by American Express’ Platinum Card and JPMorgan Chase’s Sapphire Reserve Card. Strata Elite: […]

During the previous financial year, my wife had an emergency caesarean delivery, and the baby was admitted to NICU for 5 days. A bill of ₹74,505 was generated, of which ₹62,833 was approved by the employer. At the time, the hospital had applied for the renewal of income tax exemption status under section 17(2) of […]

India’s gig economy has seen a sharp rise over the past five years. According to various news reports, there are approximately 12 million gig workers as of FY 2024–25, up from 7.7 million in 2020–21, now comprising over 2% of the total workforce. This growth—at a compound annual rate of about 17% and a 38% […]

If you are a mutual fund investor, you must be aware that one of the most feasible and preferred routes of investing is systematic investment plan or SIP. This offers an array of benefits, for obvious reasons. First, it allows the investors to make the most of rupee cost averaging. Under the rupee cost averaging, […]

The income tax return (ITR) filing deadline on September 15 is drawing closer. Taxpayers are supposed to access necessary information through a multitude of documents, including Form-16, 26AS and Annual Information Statement (AIS). While 26AS includes information related to TDS (tax deducted at source) and TCS (tax collected at source), all other details pertaining to […]

We buy insurance to protect our finances against unforeseen life events such as hospitalisation or a death in the family. However, it’s a reality that insurers reject claims. Policyholders have the option to escalate the issue to the insurance ombudsman or approach consumer courts, which can be both expensive and long-drawn. To ensure faster resolution, […]

If you hold an SBI Credit Card, particularly one of its premium variants, there’s an important update for you. With effect from July 15, SBI Card has discontinued free air accident insurance coverage up to ₹1 crore for select credit cardholders Elite, Miles Elite and Miles Prime. Apart from this, several key changes in payment […]

If you are a homeowner in the country, it’s important to be aware of the key tax benefits available when filing your Income Tax Return (ITR) for FY 2024–25. To make the most of your tax filing and maximise your savings, you must understand the fundamentals of tax law and apply them while calculating your […]

During financial year 2024-25, if a taxpayer sold a capital asset, including a property or jewellery, they are liable to pay capital gains tax, subject to certain rules and exemptions. The current rate of long-term capital gains tax, which came into force on July 23, 2024, is 12.5 per cent on all financial and non-financial […]

I’m 32 years old, and my spouse and I plan to move in together soon, with the eventual goal of buying a home. I recently discovered that my credit score is significantly lower than hers due to past loan defaults and missed credit card payments. I’m concerned about the financial implications of this. How can […]

What do you do when you plan to invest in a mutual fund scheme and not sure which one is worth investing into? More often than not, investors examine the past returns of a scheme and compare the same with those of others in the same category e.g. one large cap fund with other large […]

I am a 29-year-old IT professional looking to rent a home in Mumbai from a 55-year-old. What is a green lease and what are its key clauses, legal obligations and how can the tenant and landlord align with those regulations? -Name withheld on request A green lease is a rental agreement that includes clauses aimed […]

New research finds that more Americans are shifting their money from checking and savings accounts into financial vehicles that pay an investment income — a trend that helps to explain the resilience of the U.S. economy after a bout of high inflation and recent uncertainty due to tariffs. The analysis by JPMorganChase Institute examined the […]

When investors face any problem with regards to stock markets or a listed company, they can first approach the entity concerned. Later, when the problem does not get resolved, they can file a complaint with SCORES, which is online grievance redressal platform provided by the capital markets regulator Sebi. The regulator recently shared the latest […]

I’m a retired senior citizen. My income comprises ₹2 lakh from bank interest, ₹1.5 lakh of short-term capital gains and ₹2.2 lakh of long-term capital gains. What are my tax implications under the new regime and which income tax form should I use? – Name withheld on request I am assuming the long-term and short-capital […]

How iron out such issues, Zerodha and Angel One have been working with Rupeeflo, a Bengaluru startup. Other brokers are also looking for ways to simply the process and encourage more NRIs to invest. What are the main hurdles? Opening a demat account requires an NRI to fill out forms, scan and email them to […]

Taxpayers often have to file income tax returns just so to claim a refund for having tax deducted at source for various reasons even when their income does not fall under the taxable bracket. The government is reportedly working on fulfilling this requirement simpler now. Instead of filing ITRs solely for claiming TDS refund, taxpayers […]

“Ek crore ho gaya toh life set hai” — This sentence has echoed across drawing rooms, chai stalls, the LIC agent brochures for decades and not to mention Amitabh Bachchan’s deep voice emphasising the importance of “ek crore” in Kaun Banega Crorepati (KBC) in early 2000s. It was the ultimate middle-class milestone — the surefire […]

New Okhla Industrial Development Authority (NOIDA) will not be required to pay income tax, after a major exemption under Section 10 (46A) of the Income Tax Act, starting from assessment year 2024–25. The Central Board of Direct Taxes (CBDT) issued a notification on July 17 granting NOIDA, an authority constituted under the Uttar Pradesh Industrial […]

In a recent communication, the income tax (I-T) department has urged taxpayers to share details about assets held overseas and income accrued abroad. By disclosing the assets owned in the foreign land in their income tax return (ITR), taxpayers can not only avoid legal issues but also contribute to the country’s development at the same […]

I am a professional living in Hyderabad. We recently lost our grandfather at the age of 84 years. He was a moderately wealthy man. We are a Hindu family and trying to understand how to collect and distribute his estate, but we have no clue where to even start, other than getting a death certificate. […]

Securing a personal loan for an array of reasons is easier than it appears. Amid a flurry of lending options available, one can simply apply on any of the online lending platforms where eKYC is carried out before the loan disbursal. And the money is transferred within a short period. This time span could be […]

Individuals filing their Income Tax Returns (ITR) should now be more aware and careful after the Income Tax Department on Monday, 14 July 2025, conducted a “large-scale” verification operation cracking down on individuals and entities facilitating fraudulent claims of deductions and exemptions in their filings, according to the official statement.  Also Read | Filing ITR? […]

I have two questions regarding taxation of assets transferred to an HUF. 1) Will tax benefits like cost carryover, LTCG exemption, etc. be applicable on the shares transferred to an HUF by its members?? 2) Can a coparcener (including Karta) fund the HUF with personal gifts or assets? —Name withheld on request If shares are […]

Income Tax Return: India’s Income Tax Refunds witnessed a nearly fivefold or 474% jump in the last 11 years to ₹4.77 lakh crore in 2024-25 due to the improvement in the nation’s tax administration. The rise in tax refunds and the decrease in the number of days to issue those refunds are due to the […]

Owning a car was once a default choice. But, for today’s urban professional, the decision is driven by more than aspiration. With rising fuel prices, variable cab fares, and the long-term financial commitment of owning a car, even mobility comes with an opportunity cost. For many, the question is no longer “Should I buy a […]

The Union Cabinet gave the nod to form the 8th Pay Commission earlier this year to revise the salaries of central government employees and retirees. Although the constitution of the commission has been approved by the government, over a crore of central government employees and retirees wait for the official announcement. When will the 8th […]

After watching the weight-of-the-world-on-my-shoulder depiction of Superman by Henry Cavill, fans had taken refuge in the old and still excellent animation shows and corny movies like The Peacemaker (sorry, John Cena!). When James Gunn announced the return of superman with Christopher Reeves look alike David Corenswet with Nicholas Hoult playing Lex Luthor, fans crossed their […]

Prime Minister Narendra Modi-led Union Cabinet approved the constitution of the 8th Pay Commission to revise the salaries of central government employees, Union Minister Piyush Goyal announced earlier this year. Although the government has approved the formation of the Commission, an official notification has not yet been issued. The Pay Commission, typically constituted every 10 […]

Selecting the right ITR form is essential when filing income tax returns. Filing your return using the wrong form can lead to rejection by the Income Tax Department and even a delay in refunds. Among individual taxpayers, the most common confusion arises between ITR-1 (Sahaj) and ITR-2, both designed for taxpayers with specific income profiles. […]

Over the past 20 years, gold prices have shot up 1,200% from ₹7,638 per 10 gm in 2005 to more than ₹1 lakh as of June 2025. It delivered positive returns in 16 of these years, and gold prices have risen 31% so far this year. Silver has also proved resilient. Prices have held above […]

Q. I am selling a plot of land. How will the capital gains be taxed? How can I save capital gains tax? The profit on sale of a plot of land is treated as long term capital gains if the plot of land has been held for more than 24 months, else the gains are […]

I’m a 42-year-old woman who runs a boutique design studio in Bengaluru. My income is irregular—it depends on projects—but I average around ₹1.5–2 lakh a month. I’ve never had a formal financial plan, but I now want to get serious. My goals include building a retirement corpus (I don’t have EPF), buying a small weekend […]

The State Bank of India (SBI) provides personal loans under multiple different schemes for salaried individuals and pensioners. With competitive interest rates and wide eligibility coverage, the SBI’s personal loans are one among the most sought after options in July 2025. Note: Actual interest rate depends on the borrower’s credit profile, income level, employer category, […]

PPF interest: The government-backed Public Provident Fund (PPF) is widely known for offering assured returns, making it a preferred choice among conservative investors. The Ministry of Finance revises the PPF interest rate, along with rates for other small savings schemes, quarterly. What is the current PPF interest rate? The interest rate on a PPF savings […]

Thanks to a move by the Reserve Bank of India (RBI) in 2022, you can link RuPay credit cards to the Unified Payments Interface (UPI) and earn rewards on your daily transactions. Since then, most major banks have introduced RuPay variants of their credit cards, including versions of their Visa or MasterCard cards, which can […]

Ojas is in sales and has been a top performer for most of his illustrious career, which is coming to a close. He has some investments but hasn’t paid much attention to his personal finances. His elder brother Tejas has been managing his investments. Once he retires, he will need a regular income to meet […]

Can I buy a group health cover for my retired employees? Would pre-existing diseases be covered immediately? How would the payment process work? Many of my employees do not have a private health insurance policy, so after retirement they would be without cover. Would this plan provide better coverage than off-the-shelf market plans? – Name […]

In India, it is common practice to have all assets and investments, and even bank accounts, in joint names with a spouse or child. This makes it convenient to transfer the asset or investment to the spouse or child or encashed in the event of the demise of the original investor, who would normally be […]

Punjab National Bank (PNB) has stated that it is reducing its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points (bps) on several loan tenors that should help ease the burden on existing and prospective borrowers. This change came into effect on July 1, 2025 and has provided borrowers with some respite […]

Bank of Baroda has waived off minimum account balance charges from July 1, 2025. However, the bank will continue to levy charges on its premium savings bank accounts. These premium accounts include BOB Master Stroke SB account, BOB super savings account, BOB Shubh Savings account, BOB Platinum SB account, BOB Institutional account, and others. Notably, PNB introduced […]

The Securities and Exchange Board of India (SEBI) has recently cracked down on Jane Street, a US based trading giant. The crackdown is to do with alleged manipulation of Indian financial markets and profiting unfairly. The total profit garnered as per the SEBI report is of ₹36,502 crore. What Jane Street’s alleged rigging means for […]

Months ahead of the 15 September 2025 deadline for filing income tax returns for FY 2024–25, the Income Tax Department has launched a support service called ‘TAXASSIST’ to help taxpayers with queries and notices during the current filing season. As part of this campaign, the Income Tax Department sends messages or emails to taxpayers, reminding […]

I have been investing ₹2,000 a month in a mix of equity funds. I am now planning to invest in balanced funds also. However, my advisor believes that given the impending bull run in the market, I should add another equity fund since I have also invested in the Public Provident Fund and fixed deposits. […]

DSP Mutual Fund’s new Global Equity Fund, launched on 2 June, allows Indian residents to invest as little as $5,000 in a diversified basket of global stocks—without relying on offshore brokerages, feeder funds, or cumbersome tax filings. It’s the first open-ended mutual fund targeting retail investors to debut under GIFT City’s updated 2025 framework, and […]

A day after Punjab National Bank announced a similar move, Indian Bank has now said that it is waiving minimum balance requirments across Savings Bank accounts, with effect from July 7, 2025. In a post on social media platform X (formerly Twitter), the bank’s official account wrote that the decision is aimed to improving financial […]

Understanding the nuances of these provisions is essential, particularly in light of recent amendments and judicial rulings that continue to shape their interpretation. The core difference: Section 54 vs Section 54F Section 54 applies when the capital gain arises from the sale of a residential house, whereas Section 54F is available on the sale of […]

When facing financial difficulties, repaying a loan on time can become challenging. In such situations, borrowers often consider loan settlement as an option. While settling a loan may provide short-term relief, it can have significant long-term consequences, especially on your credit score. Let’s take a closer look at what loan settlement really means and how […]

A recent Madras High Court ruling has upheld State Bank of India (SBI)’s decision to revoke a job offer over poor credit history. The verdict clearly highlights how essential financial discipline is for job seekers, especially in banking and finance roles. The Hindu recently reported this significant judgment, reinforcing the idea that a clean credit […]

At the Mint Horizons session in Pune, experts urged Indian investors to move beyond home-market bias and adopt a more globally diversified approach. The event gathered voices from journalism, asset management, and fintech to make a clear case for international investing—even as regulatory caps and practical barriers remain. The Mint Horizons series, which has covered […]

Small savings schemes: The Ministry of Finance on Monday, 30 June 2025, kept the interest rates for multiple small savings schemes, including PPF and NSC, unchanged for the sixth consecutive quarter starting 1 July 2025, reported the news agency PTI.  “The rates of interest on various Small Savings Schemes for the second quarter of FY […]

As the last date to file income tax return (ITR) on Sept 15 looms closer, taxpayers can file their tax returns using ITR-1 or ITR-4. Notably, excel utilities of other income tax forms have yet not been released including the ones for ITR-2 and ITR-3. To be able to file their income tax return via […]

I have two questions regarding laws around investments, business and loans applicable to an HUF: a) can money be lent to an HUF and the same money can be invested? Will income from such investment be taxed in the HUF’s hands while the principal remains debt? b) Can an HUF start a business using gifts […]

New Delhi [India], June 28 (ANI): On the occasion of Insurance Awareness Day, several insurance providers and experts in an exclusive conversation with ANI shared their insights on the challenges facing the insurance sector in India, especially in critical segments like health and life insurance. The experts also offered suggestions to bridge the awareness and […]

Money rule changes from July 2025: A set of financial rules will be implemented from July 2025 onwards, which is likely to affect individuals and businesses across India. The revised UPI chargeback rules, new Tatkal train ticket booking norms, and the requirement to have Aadhar to apply for a PAN card are some of the […]

Credit score is quite pertinent for borrowers as lenders take a decision of loan approval based on it. Those borrowers whose credit score is poor can take some radical decisions of improving the score, becoming eligible to raise loan on convenient terms and conditions. These convenient terms include lower interest rates and faster processing. Improving […]

With the ITR deadline for FY25 (AY26) set for 15 September 2025, NRIs should begin preparing well in advance. Mint spoke to tax experts to learn what’s required this tax season, from documents to dos and don’ts. Determining residency To qualify as an NRI for income tax purposes under the Income Tax Act, you must […]

What followed wasn’t confrontation, but a thoughtful and emotional exchange about fairness, clarity, and the fear of future misunderstandings. That single conversation marked the beginning of their family’s succession planning journey. Notably, it wasn’t the patriarch who initiated the process—it was the next generation that took the lead. For decades, succession in India was built […]

If you are looking to borrow a loan and apply for the same with a bank or NBFC or fintech app, it is vital to know that the lender, invariably, would check your creditworthiness. This is typically done by checking your credit score. What is a credit score? It is a three-digit number between 300 […]

ITR: For salaried individuals, Form 16 is a crucial document for filing the income tax return (ITR). As per the regulations, employers must file their e-TDS return for the January–March quarter by 31 May. After filing, they must issue Form 16 to employees within 15 days, making 15 June the final deadline for issuing Form […]

I took out a ₹38 lakh home loan at 9.25% interest in 2022. With rates softening slightly, I’m considering refinancing. However, I also have a car loan and a personal loan, and my credit score is 715. Should I wait until rates drop further or switch now? What factors should I evaluate? Will refinancing frequently […]

I am an Indian citizen living in Dubai and own an immovable property in the US. Since the property is in the US, I want to set up a US trust for the benefit of my two sons. One son holds a green card and stays in the US, the other is an Indian resident. […]

The Income Tax (I-T) department has already extended the due date to file income tax return for FY 2024-25 from July 31, 2025, to September 15, 2025. And thanks to the extension given on May 27, there will obviously be no interest or penalty payable for filing income tax return after July 31.  Under 234A, […]

When fear over India-Pakistan conflict has dissipated, there is a new war in Iran that started Sunday, while Russia-Ukraine war has been going on for over three years now, and Israel-Palestine conflict, too, continues. Amid so much of geopolitical tension growing in the wake of Israel-Iran war, investors are likely to be circumspect. When there […]

“It depends on both the spending volume and the categories—whether it’s discretionary spends like travel and shopping, or recurring expenses of utilities, groceries and fuel,” he explained.  Most travel-focused cards offer the highest rewards on discretionary expenses. While it’s possible to earn points on routine expenses like utilities, groceries, and even school fees, if your […]

The actual transmission, whether faster, slower, or none at all, will depend on multiple factors, including the type of loan, when it was taken, the lending institution, and the benchmark it is linked to. Fixed or floating: the nature of your loan matters Certain loan categories — particularly personal loans and credit card debt — […]

Income Tax (I-T) department has released online utilities for ITR-1 and ITR-4 but not yet for ITR-2 and ITR-3. As soon as they are released, taxpayers are recommended to start the process of filing their tax returns, suggests Preeti Sharma, Partner, Global Employer Services, Tax & Regulatory Services of BDO India. In an email interview […]

Q. My company has been going through some financial problems and have been paying me a salary irregularly (less than net every month) since the financial year 2022-2023. Now I have received a lump sum during the financial year 2024-2025 against my outstanding salary. My company has not indicated as to under which head the […]

Both Wes Anderson and Aamir Khan have a fan following that is set in their ways. Fans gave Aamir Khan a label ‘Mr. Perfectionist’. Makes you wonder why he is remaking a movie – Woody Harrleson starrer Champions – about basketball, a sport that can be described as ‘niche interest’ for Indians and about a […]

Public sector bank fixed deposits (FDs) still remain a popular choice among investors who aspire to prioritise safety along with stability of returns. Given private sector banks and small finance banks may provide slightly higher rates, still for a long term basis many trust government backed banks for credible protection. What are public sector bank […]

If you want to save for your retirement, it is feasible as well as advisable to invest in mutual funds across categories. Equity mutual funds enable long long-term wealth creation, debt schemes provide security. Additionally, investors can also allocate some funds to long term tax-saving instruments such as PPF, Senior Citizens Savings Scheme (SCSS) and […]

From July 1, train passengers will not be able to book their train tickets without getting aadhaar authentication. A railway circular dated June 10 said that tickets under the Tatkal scheme can be booked through the website of Indian Railway Catering and Tourism Corporation (IRCTC) or its app only by Aadhaar authenticated users. In other […]

In the nation’s rapidly evolving and digitising financial landscape, automated payment systems such as Electronic Clearing Service (ECS) and National Automated Clearing House (NACH) have become extremely vital and indispensable for recurring payments for services along with other related transactions. Still, in cases when these payments fail due to one reason or the other, customers […]

The Income Tax Department (ITD) has sent a communication to thousands of individuals who have undertaken cryptocurrency transactions but failed to reflect this income in their returns, official sources said last week, reported PTI. These transactions pertain to assessment years 2023-24 and 2024-25, they said. The department and its policy-making body, the Central Board of […]

I’m 45 and have just moved into my first apartment in Mumbai. I’ve invested a lot in furnishing it with premium appliances, and I also own valuable belongings like jewellery and collectibles. With rising incidents of flooding, fires, and thefts, I’m worried about protecting both the apartment’s structure and its contents. I want a home […]

Chase Sapphire Reserve Credit Card: America’s largest credit card issuer Chase announced major changes to its Chase Sapphire Reserve card on Tuesday. Popular among credit card enthusiasts who like to collect points as well as travel enthusiasts, this credit card issued by JPMorgan Chase & Co will now offer extended benefits to its customers – […]

Until recently, mutual fund units could only be transferred between parties if held in dematerialized (demat) form. But with the latest changes, unitholders in non-demat form can carry out transfers directly via RTA websites like CAMS and KFintech. Read this | Invest in mutual funds for your children? Here’s what to do when they turn […]

Best mutual funds: Wealth creation includes saving money for long term financial goals such as buying a dream house, retirement and children’s education. There are some solution-oriented mutual funds which help investors meet these specific financial goals over a period of time. There are essentially two categories of solution-oriented mutual funds: retirement and children’s education. […]

Big marketplaces such as Facebook and Google demand full payment upfront for running ads, without any deductions. This is contrary to the very definition of TDS, said Lokendra Singh Tomar, a chartered accountant (CA) in Jaipur. “TDS provisions require the payer to withhold tax at the source, deposit it with the government on the behalf […]

Based on the principles of disciplined saving, strategic investing and mindful spending, FIRE tactics seek to prepare individuals to retire 10, 20, even 30 years earlier than the traditional retirement age. But with the worlds of work, healthcare, and financial stability changing, Indian aspirants have to adapt these strategies to homegrown conditions. The core tenets […]

One of my kid is living and working in Luxembourg (permanent resident) and the second one is in the USA (Green Card holder). Both of them have bank interest income in India. Do they have to pay tax in their respective countries on Indian interest income? If yes, do they get some rebate in their […]

The Income Tax (I-T) department has shared a post reminding taxpayers that the last date to pay the first instalment of advance tax for financial year 2025-26 is June 15 i.e., this Saturday. For the uninitiated – advance tax is supposed to be paid by all taxpayers whose tax liability is more than ₹10,000 – be […]

If you have a young son or a daughter, investing for their higher education is a no brainer. Some tend to invest in PPF, whereas some have a special love for fixed deposits (FDs). A few prefer to invest in the tax-saving instruments such as National Savings Certificates (NSC), Kisan Vikas Patra or Sakanya Samriddhi […]

India’s top insurers, including LIC and Bajaj Allianz, have announced that they have eased their claim settlement process for the victims of the Air India plane crash that shocked the world on Thursday. Both LIC and Bajaj Allianz have said that they have relaxed the requirement of documents used to settle claims for Air India […]

8th Pay Commission News: Around 1 crore central government employees and pensioners are eagerly waiting for the Terms of Reference (ToR) for the 8th Pay Commission, which will serve as the basis for the revisions of salaries and pensions among other things. The 8th Pay Commission, which is expected to be set up soon, will […]

The logic is elegant, the time spent writing it down, remembering it, and eventually doing it far exceeds the time needed to complete the task right away. This principle, born in the world of personal productivity, offers some valuable lessons for managing your investments. Just as Allen discovered that small tasks left undone create disproportionate […]

Since the new tax regime is the default tax regime, filing income tax return (ITR) under the old regime would require you to switch from the new tax regime. However, before you do that  — it is imperative to be aware of certain key rules which govern the switch. Notably, the rules with regards to […]

The Liberalised Remittance Scheme (LRS), AIF (Alternative Investment Fund) structures at GIFT City, and the concept of accredited investors are all opening new doors for Indian investors to diversify their wealth, broaden their global reach, and potentially access more stable returns. Rising appetite for overseas investments With the LRS introduced in 2004, Indian residents can […]

ITR 2025: As income tax (I-T) return filing season is back, taxpayers are busy arranging documents to be able to file their income tax (I-T) return. There are a number of concessions and deductions offered for different category of taxpayers based on different criteria include the age of taxpayers.  For instance, there is a higher […]

The Dink lifestyle is often associated with freedom–freedom from parental responsibilities, from stress, and sleepless nights. But beyond these preferences, there’s a financial case, especially when you crunch the numbers. ₹25-50 lakh”>A Mint story earlier estimated that a parent spends roughly ₹25-50 lakh on a child’s school education, depending on the type of school they […]

Social media may hype Hindu Undivided Families as a no-brainer for tax savings. The truth? They’re powerful—but only if used right.

With repo rate declining to 5.50 percent after RBI’s monetary policy committee (MPC) cut the repo rate for the third consecutive time on June 6, banks have followed suit. A number of bankss have already slashed their lending rate after RBI’s rate cut. Not only lending rates, even the fixed deposit (FD) interest rates are […]

As a taxpayer, it is recommended to use an income tax (I-T) calculator to ascertain your tax liability. However, before you use income tax calculator, these are the key steps that you need to follow: At the outset, you need to enter the PAN and your name. Then you enter the assessment year and the taxpayer […]

Cybrilla, which has a license from Sebi as a Registrar and Transfer Agent, has built a system where the distributor and mutual fund can directly interface, bypassing legacy platforms. According to a fintech executive familiar with the matter, this brings down the cost per transaction from the current ₹2-7 range to just ₹0.75. The newer […]

Picture this: It’s Friday evening. Your friends are pinging you with dinner plans, your Insta feed is full of people checking into hill stations or cafes, and there’s that little whisper in your mind saying,“Just one small Swiggy and Zomato order won’t hurt.” But your wallet (and your financial goals) are screaming: no spending this […]

₹The surging prices of gold has increased the investment bet for traders over the safe-haven appeal. Gold is seen as an asset, not just for investment purposes, but also auspicious for Indian homes. According to analysts, India’s gold rally is a reflection of broader emerging market dynamics—currency pressures, inflation hedging, and rising geopolitical risks. For […]

Employee Stock Options (ESOPs) and Restricted Stock Units (RSUs) issued by foreign companies have increasingly become part of compensation packages for Indian professionals. Yet, navigating the intricacies of reporting such foreign income and understanding associated tax implications can be complex and daunting. To address these challenges, Mint is hosting an insightful webinar titled ‘Foreign ESOP/RSUs or […]

The income tax department has been tracking individuals who failed to comply with these TDS rules. Taxpayers who claimed HRA exemption while paying rent above ₹50,000 received SMS and email alerts from the I-T department. The penalty for non-compliance is steep. Tenants who did not deduct TDS on rent under 194-IB can avoid these penalties […]

The Ministry of Road Transport and Highways (MoRTH) is actively reviewing a proposal to increase Motor Third Party (TP) insurance premiums, following recommendations from the Insurance Regulatory and Development Authority of India (IRDAI), reported CNBC-TV18. The proposal suggests an average hike of 18%, with a steeper increase of 20–25% for at least one vehicle category. […]