Imagine this. Two families earn the same total income in a year. But one ends up paying zero tax, while the other pays a few lakh rupees. Sounds unfair? That’s…
Category: Banking And Finance
Do UAE-based professionals pay tax on India workshop income?
I have been residing in the United Arab Emirates (UAE) for the past 13 years and work as a dentist. I have been invited to conduct a two-day workshop for…
Gratuity calculation rules: Is gratuity taxable? How is gratuity taxed in India? Explained
A gratuity lumpsum amount paid by an employer to their employees as recognition for long-term service. Gratuity is governed by labour laws and is a statutory right in India. laws…
Top 5 strategies for salaried professionals to manage monthly expenses and taxes efficiently in FY27
With the Income Tax Act, 2025, and the upgraded tax portal coming into effect in April 2026, FY27 calls for a smarter, well-thought-out financial planning strategy. To accomplish the same,…
Insurance claim rejection over hospital lapse ruled unfair by consumer forum: Report
A consumer forum in Vadodara has ruled in favour of a policyholder, stating that a patient cannot be penalised for a hospital’s failure to meet registration rules, reported Times of…
₹10 lakh health insurance: Is it enough in 2026 amid rising medical costs? 6 key factors to consider
In the year 2026, a ₹10 lakh insurance cover is still marketed and promoted as ‘sufficient’ for an average family in the country. Yet, given how medical inflation is rising,…
Nearing retirement? How to protect your savings amid market volatility and rising inflation
With the swaying equity markets, dull precious metals, longer life span and escalating prices of goods; managing finances has never been as perplexing for those approaching retirement as the current…
How to lock in premiums and navigate portability while upgrading health insurance?
I am 38 years old, a salaried professional with a family floater health insurance plan of ₹10 lakh that I purchased five years ago. My insurer recently offered me an…
EPFO 3.0 PF withdrawal rules: How much provident fund balance can you withdraw using ATM and UPI?
PF withdrawal rules under EPFO 3.0: The Employees’ Provident Fund Organisation introduced the EPFO 3.0 last year to modernise the retirement body’s digital framework and operational procedures. EPFO 3.0 is…
Gratuity payment: What are the new rules? How is gratuity calculated? Key FAQs answered
The new labour codes, which were implemented from 1 April, have introduced significant changes to provident fund, salary and gratuity payments among others. Under the new labour codes, the Centre…