Wealth

    NSC vs bank FDs: Which is a better tax saving option?

    NSC vs bank FDs: Which is a better tax saving option?

    NSC and tax-saving FDs both offer tax benefits and assured returns with a 5-year lock-in. NSC provides higher interest rates and tax advantages on reinvested interest.

    Latest claim settlement ratio of Indian life insurers

    Latest claim settlement ratio of Indian life insurers

    The IRDAI has released the claim settlement ratios of all Indian life insurers for FY 2023-24, revealing that 96.82% of life insurance policy claims are settled within 30 days. Notably, private insurers like Aditya Birla and Tata AIA achieved a higher claim settlement around 99% than LIC, which stood at 96.42%. Axis Max Life Insurance and HDFC achieved top spots, with over 99% claim settlement ratio, in terms of the number of policies, while LIC, ICICI Prudential, and Reliance Nippon remained laggards.

    Do I have to pay tax if my parents gift me Rs 20 lakh?

    Do I have to pay tax if my parents gift me Rs 20 lakh?

    Am I supposed to pay tax on a gift from my parents? Our panel of experts answers questions related to any aspect of personal finance. If you have a query, mail it to us right away.

    This easy home loan EMI scheme became a nightmare

    This easy home loan EMI scheme became a nightmare

    Builders and real estate developers try to exploit borrower's desperation with marketing offers that make homebuyers believe that they can easily get their dream home. However, little do they know that any such lucrative deal may turn into a nightmare.

    How loss from equities could help you save more tax

    How loss from equities could help you save more tax

    Save income tax by selling equities: The method is called tax harvesting and it requires you to sell the equity share or equity mutual fund on or before March 31 (March 28, 2025 for FY 2024-25 since March 31 is a trading holiday). There are two ways to do this- LTCG up to Rs 1.25 lakh and loss from equities carry forward for set-off. Read below to know how this works.

    PM Internship Scheme 2025 registration ends next week

    PM Internship Scheme 2025 registration ends next week

    The PM Internship Scheme (PMIS) 2025 has begun accepting applications for its second round, providing opportunities for hands-on experience at top companies. Eligible candidates must apply by before last date, to gain industry skills, a monthly stipend, and insurance coverage.

    From easy EMI subvention scheme to everlasting misery

    From easy EMI subvention scheme to everlasting misery

    Subvention schemes were supposed to make things easier for buyers, but in many cases, became instruments that gave builders access to loans without accountability and left homebuyers in the city to bear the aftershocks, like demand letters to pay EMIs despite houses running years behind schedule.

    Money deadlines in March 2025

    Money deadlines in March 2025

    Invest in these 5 special FDs before March 31

    Invest in these 5 special FDs before March 31

    Several banks, including SBI, Indian Bank, and IDBI Bank, are offering special fixed deposit schemes with high-interest rates with deadlines in March Therefore, before the special FD deadline, investors should think about investing in these schemes if they want to get better returns.

    Features of New Tax Regime 2025

    Features of New Tax Regime 2025

    Top 5 stocks with highest revenue growth in 1 year

    Top 5 stocks with highest revenue growth in 1 year

    Top 5 stocks with highest revenue growth in 1 year as on Feb 28, 2025

    Investors can still get 8.5% interest on this FD tenure

    Investors can still get 8.5% interest on this FD tenure

    DCB Bank has reduced its fixed deposit interest rates for amounts less than Rs 3 crore for the second time in a month. Effective March 5, 2025, the bank offers rates between 3.75% and 8% depending on the tenure for general citizens.

    Now you can change your name in EPF if you have this

    Now you can change your name in EPF if you have this

    EPFO has simplified updating member profiles for those with Aadhaar-validated UANs, eliminating the need for documents in many cases.

    87A rebate on STCG? Yes, says CIT (Appeals)

    87A rebate on STCG? Yes, says CIT (Appeals)

    Section 87A: Tax rebate under Section 87A was not given on special rate income like STCG since July 5, 2024. Many taxpayers who could claim it were served with a tax demand notice. Now a Delhi based taxpayer who filed a case heard by Commissioner of Income Tax (Appeals) Mumbai won. The CIT (A) decided based on statistical reason this taxpayer should get Section 87A tax rebate on STCG.

    Financial red flags in relationships: Signs you shouldn't ignore

    Financial red flags in relationships: Signs you shouldn't ignore

    Financial red flags in relationships: Signs you shouldn't ignore

    5 small savings options to save tax under Sec 80C

    5 small savings options to save tax under Sec 80C

    Post Office Savings Schemes are secure investment options in India, offering tax benefits under Section 80C of the Income Tax Act. The following Post Office Savings Schemes offer tax benefits under Section 80C of the Income Tax Act.

    How to make the most of your salary negotiation

    How to make the most of your salary negotiation

    Research industry standards and also how much your company is offering for similar roles. Provide a salary range instead of a fixed amount, so that there is room for honest discussion. Highlight your strengths and achievements that justify the desired compensation.

    I-T dept can check your emails, social media a/c soon

    I-T dept can check your emails, social media a/c soon

    Starting April 1, 2026, the income tax department will have the authority to access social media, emails, and other digital spaces to curb tax evasion. This has been granted to them under the new income tax bill. This will also include search and seizure powers over your assets and documents, which have raised major privacy concerns. Experts warn of challenges to fundamental privacy rights without judicial oversight and procedural safeguards.

    The Economic Times
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