For individuals below the age of 60 years, the basic exemption limit is Rs 2.5 lakh in a financial year. For senior citizens (between 60 and 80 years), the basic exemption limit is Rs 3 lakh. For super senior citizens (above 80 years), the basic exemption limit is Rs 5 lakh.

SMS New Rule: Whenever the operator issues a new SIM, the incoming and outgoing services of SMS will be stopped for the first 24 hours.

RBI recently asked banks and card issuers to calculate the minimum amount due on credit card bills in a way that does not result in negative amortization. How will banks and card issuers calculate the minimum amount due now? All you need to know

Fixed deposit ‘laddering’ is about dividing your FD investments and spreading them over multiple smaller FDs with different maturity periods.

While interest paid on a housing loan is deductible up to Rs 2 lakh, there is no limit on the interest claim for a let-out property under the Income Tax Act.

The Capital Gains Account Scheme allows you to avoid taxes on your capital gains from the sale of mutual funds, stocks, gold, etc., provided you buy a house.

In a zero-cost term insurance plan, the policyholder has the option to exit the plan at a certain age and get all the premiums that he has paid minus GST. These plans usually have a long policy term of 35 to 40 years. Are they really zero-cost?

Here are seven popular investment options that senior citizens can consider for a regular income.

Four years after its illegal status was raised in the assembly and C-Ward officials were suspended by the state government.

The Enforcement Directorate has seized a mountain of cash in the last three months. Here's what happens to the cash seized by agency officials.

The seniors are more trusting and less aware of the risks around them.

Whether you want to take your family for a vacation or manage a cash crunch, a personal loan is all you need to meet all kinds of financial needs.

The hopes of hundreds of buyers who dreamt of owning homes in the towers will come crashing down with the rubble on August 28 when the towers will be brought down.

Typically, when interest rates go up, banks tend to extend loan tenure and not EMI first, pushing up the interest outgo for home loan borrowers significantly over long tenures of 15-30 years.

Pratiksha Tondwalkar, a single mother from a humble family, rose through the ranks with sheer grit and determination.

The rate hike comes ahead of the RBI’s Monetary Policy Committee (MPC) meeting later next week. It is widely expected that MPC would hike interest rates to tame high inflation.

The portions constructed above a certain height are to be demolished as per the Bombay High Court order.

400 residents of fancy Tirumala Habitats at Mulund West are up in arms as short circuit plunges it into darkness and blows up a long-running feud with the developer.

The Annual Information Statement (AIS) is a tool the tax department uses to let people know what information it holds on them.

Form 26AS is one of the important documents required for ITR filing. It is a tax passbook containing details of the taxes that have been deducted from an individual's income during the financial and deposited against his PAN to the government. It is important to ensure that all the taxes deposited against an individual's PAN are reflected in Form 26AS to be able to take tax credit while filing an ITR.

Apart from not having to make rounds at the branch to get work done, SBI customers will also be able to get several services on Sundays and holidays.

Launched under the IRDAI's Sandbox scheme, SWITCH is completely digital and comes as a money-saving option for those who drive well.

Fixed income funds or debt funds are typically used to reduce volatility in your portfolio. That doesn’t mean that your returns are guaranteed. There’s a big difference.

Being self-employed or being your own boss seems glamorous. But with it comes financial insecurity and erratic income. Make sure you provision for it. So, the self-employed need a larger emergency fund.

Governed under the Contract Act and read with the Power of Attorney Act,1882, a PoA is a legal document through which a person nominates another person to act on his behalf.

First, estimate your expenses after some thorough research. Then budget for them before departure. You will need to factor in pre-departure expenses, external coaching fees, deposit for rented accommodation and other costs.

A 17-year-old who lost her parents to the Covid-19 pandemic has been burdened with repaying a load worth Rs 29 lakh to the insurance company LIC.

Section 80C tax deductions on life insurance premiums, home loan repayments, investments in ELSS, Ulips, EPF or SCSS are reversible if the conditions on the holding period are not met.

The perpetual debate is rekindled in the wake of better regulations and low-interest rates, but it should be a financially driven decision rather than an emotional one.

Holding many bank accounts has its benefits, but for those who are not financially disciplined, keeping track of multiple chequebooks, debit cards, net banking user IDs and passwords, and minimum monthly average balance can be quite cumbersome.

As per SEBI, investments in alternative investments touched the ₹2 lakh crore mark during January-March 2021, rising more than 30% over the year despite the effect of the pandemic. This class of investments includes newer assets such as invoice discounting, angel investing, infrastructure funds, social venture capital funds, revenue-based financing, etc.

Capital gain is any profit or gain that occurs from the sale of a ‘capital asset’. The gain/profit is considered an ‘income’, and therefore, you are required to pay tax for that particular amount in the same year you have transferred the capital asset. 

Long-term capital gains are chargeable to income tax @ 20%. There is no minimum exemption limit prescribed so the entire amount of capital gains will qualify for the deduction.

What happens to your money when Rupee falls? Who decides its value? And why is it measured against the US Dollar? Let’s unpack currency depreciation that affects all of us

Section 54 stipulates that a new house property purchased within 2 years or a new flat constructed within 3 years will be eligible to claim exemption u/s 54 of the Act.

Property registration papers are essential documents that establish your ownership. Here’s what you should do if you lose them.

Liquidity crunch is a common problem for many manufacturing firms. The government’s Interest Equalisation Scheme is aimed at addressing this to some extent.

NPS offers tax benefits up to Rs 1.5 lakh under section 80CCD(1) and up to Rs 50,000 under section 80CC(IB) (over and above 80C benefit). NPS contributions can be made in the following ways.

These fresh guidelines will come into effect from July 1, 2022.

This would enable the owners to conduct his/her rental/sale transactions without hassles or delays and prevent harassment by the society committees to green signal such proposals.

The tax on salary is deducted under section 192 of the Income-tax Act, 1961. It is important for an employee to submit certain documents to avoid excess TDS, especially before the deadline mentioned by your respective HR.

Your residential status can change from one financial year to the next. So, if you are a non-resident for one year, for the next year and thereafter you must check your status again if you’ve travelled or changed homes etc.

Rajkummar Rao took to Twitter to call the attention of Credit Information Bureau (India) Limited (CIBIL) officials. The actor claimed that his PAN Card was misused to take a small loan of Rs 2,500.

Buying a home early in your life can be an achievement but it is also a step full of challenges and risks. Hence, weigh all the pros and cons before buying a house early in your career.

For the bequest of their wealth (assets/ properties) to their chosen heirs, asset owners can opt for either a will or a gift deed.

The Central Board of Direct Taxes (CBDT) has notified the penalty amount under section 234H of the Income-tax Act, 1961 which will be applicable for linking PAN with Aadhaar after the expiry of the due date.

The family has been booked in similar cases by the Kandivli and Charkop police; no arrest made yet in the case.

Fraudsters organize free camps to harvest the personal data of hundreds of people, which they later use to secure loans running into lakhs.

If you are a frequent traveller and loyal to an airline, these airline co-branded credit cards can be the right choice for you.

Income Tax: Planning to invest in NPS? You can get huge tax benefits for your contributions towards the pension funds. Know new rules and who is eligible.

Sunny Leone tagged Indiabulls Securities Limited (Dhani Stocks was Indiabulls Securities previously), and Indiabulls Home Loans in her tweet.

It is important to be fiercely strategic when it comes to choosing lower interest rates and being aware of hidden charges.

In 2022, keep aside one day a month to look after your finances. These and a few more money resolutions you must make for the new year.

Some lenders are offering low fixed-rate car and personal loans: Here's why this is a good deal now.

Here is a look at major trends and changes that impacted our personal finances in 2021.

Here is a look at six changes that will come into effect from January 1, 2022.

HSBC AMC will acquire 100 percent equity shares of L&T Investment Management Limited, which is a wholly-owned subsidiary of L&T Fin Holdings – the investment manager of L&T Mutual Fund.

Therefore, in such cases, the society should approach MahaRERA under section 7 which clearly lays out how it intends to carry forward the obligations and duties of the developer and seek revocation.

Criminals target debit cardholders with new techniques to get hold of cards and confidential information. Here's how to keep yourself protected

A 54-year-old homeowner from the UK was left in shock after he saw the condition of his property that was occupied by a tenant.

Stamp paper is not needed to make a will – one written on a plain piece of paper is good enough. However, verbal wills are not always admissible – only written wills are acknowledged as legal documents

Domestic mutual funds were net sellers in the stock to the tune of Rs 630 crore in November, led by MF giants SBI Mutual Fund and ICICI Prudential Mutual Fund, data by Edelweiss Securities showed. ICICI Prudential used the rally to fully exit its remaining holding in the company, some 9.9 million shares, data compiled by East India Securities showed. The mutual fund had bought more than 13 million shares of the company through the initial public offering.

A man has shared how he got paid for doing nothing at his job for five years. He even managed to get promotions and salary hikes.

SBI FDs between 7 days to 10 years will give 2.9% to 5.4% to general customers. Senior citizens will get 50 basis points (bps) extra on these deposits. These rates are effective from 8 January 2021.