The Employees’ Provident Fund Organisation (EPFO), which administers the government’s retirement savings scheme for salaried individuals, provides pension benefit for all subscribers who have an account for more than 10…
Category: Banking And Finance
Who is a Resident but Not Ordinarily Resident and what are the tax implications?
When an NRI returns to India permanently, tax residency does not change immediately upon arrival. Instead, the change generally occurs after crossing the 182-day threshold in a financial year, or…
LIC launches revamped Jeevan Sathi policy
, on Wednesday launched a revamped plan, which offers a combination of savings and protection. New Jeevan Sathi single premium and premium were launched by LIC CEO and MD R…
Are gifted shares taxed in India? Key rules, exemptions explained
While the term ‘gift’ is commonly understood as a ‘present’ given to someone, it also carries a specific legal meaning. Under Indian law, individuals are allowed to gift money, movable…
Credit Card APR explained: How annual percentage rate works and why it matters for users
The annual percentage rate (APR) is one of the most crucial terms every credit card user should understand. It represents the annual interest charged on unpaid credit card balances. Understanding…
Fixed Deposit interest for senior citizens: Banks offer up to 8.25% — Check SBI, HDFC Bank, Utkarsh Small Finance, ICICI
Among the safest instruments in India for short-, medium- and long-term savings, bank deposits are preferred choice for conservative investors seeking government-backed and consistent returns. Compared to simply parking your…
Attention taxpayers! Excel utility for income-tax return form ITR-2 enabled — Here’s all you need to know
The Income-Tax Department in a social media post on X (formerly Twitter) said Excel Utility for ITR-2 has been made available for taxpayers on its e-filing portal for assessment year…
Indian banks more exposed to West Asia crisis among APAC region: Moody’s
New Delhi: on Wednesday said are among the more exposed in the Asia-Pacific region, given the economy’s high dependence on energy imports from West Asia and the consequent pressure on…
Making ₹75k a month? Here are some expert-backed strategies to invest, save and lead a stress-free life
For individual earners across sectors of the Indian economy, a monthly salary of ₹75,000 can appear attractive on paper. Still, managing this salary amid soaring rents, rising grocery bills, and…
Credit utilisation ratio: How CUR impacts your credit score and what you can do to improve it
Many people are surprised when their credit score declines despite paying the required bills on time. One often-overlooked reason is the credit utilisation ratio (CUR) and its impact on a…