Customers can electronically transfer money instantly to more than 1,000 branches of banks across India.
The point to note is that since the new rebate is up to a taxable income of Rs 5 lakh, if anyone earns even little more (say, even Rs 100 more) than this amount, he would have to pay all the taxes, according to the existing slabs.
In a chat with Get Ahead readers on August 23, loan expert Harsh Roongta discussed the how and why of education loans. Here are the chat transcripts.
Form Marketing Management is recruiting Sales Professionals for a local bank in the UAE.
The IL&FS group has a complicated structure, with the holding company owning stakes in its financial services arm as well as the subsidiaries that operate its infrastructure assets.
Government is framing a rule that will make it compulsory for regulators like Sebi, Irdai and PFRDA to deposit a significant portion of their reserves into the Consolidated Fund of India.
Here we discuss two tools that if used optimally can save you heavy taxes. Both when used simultaneously create such synergy in tax savings that it is really mind-boggling. Read on. . .
Aiming to make it easier for the employers to comply with the statutory requirements of the ESI schemes, Employees State Insurance Corporation has decided to provide online facility and computerise all its offices in Punjab by 2007.
Tamal Bandyopadhyay, columnist and author of several books like From Lehman to Demonetisation: A Decade of Disruptions and Sahara: The Untold Story, tells Rediff.com why Yes Bank depositors should not panic and the current crisis at India's fifth largest private lender does not pose any systemic risk.
Kick start your saving and money management strategy at the age of 25, and build it up gradually.
The 30-share Sensex surged 299 points to close at 28,736 and the 50-share Nifty gained 90 points to end at 8,723.
Three stockmarket experts give their best picks for the New Year.
But increase in the statutory contribution will boost retirement corpus
Move beyond making notes and Excel. With a little bit of discipline, a personal finance software can help you be your own money manager.
Tax deductions and prioritising their sequence will help you streamline your investments for efficient tax saving.
Dear readers, we had asked you to send in your personal finance queries to be answered by Basis founder and CEO Hena Mehta. Here's the first batch of responses.
In a bold initiative, the Centre has allowed the department of posts to invest about Rs 10,000 crore (Rs 100 billion) from its life insurance schemes in the stock markets for better returns.
All visitors to the UAE will now also be required to have a health insurance and give a Dh 1,000 (Rs 10,000) deposit, the Federal Naturalisation and Residency Department said. The UAE has unveiled a series of new visas, in a move that is being described as step to curtail the number of visit-visa seekers by making the process expensive.
This mindless medley of products does not create choice.
Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering.
'They (government) are trying to create market for pension products'.
Work fetches money and that is what keeps us going. But how about money fetching more money? We plan to give you what you need to get started.
Experts have been talking about the perils of being uninsured or underinsured.
Tax planning will help you pay less income tax. Something everyone wants. But smart tax planning will help you boost your portfolio.
Make yoga your way of life and enjoy the unconditional and uncountable benefits leading to better physical and financial health, says Harjot Singh Narula
Whether salaried or running your own business, it's about time to get your investment proofs in tax-saving instruments ready for filing your income tax returns later this year.
'The RBI is not releasing Rs 2,000 notes for the last 10 days; probably they have stopped printing it.'
While cancelling the legal tender of 500 and 1,000 notes on November 8, the government had allowed them to be used for utility bill payments for the first 72 hours. This deadline was extended repeatedly and the last extension was granted till December 15.
'When I met the prime minister on November 15 there was no RBI report with the prime minister as to why this was done.' 'When I asked the PMO officer about this, he said the RBI did not bring this to the PM and did it independently.' 'When I asked how could the RBI ban DCCBs from accepting deposits from farmers in old notes when the government gazette released on November 9 allowed them to do so, this officer told me that not even senior PMO officials had any idea about this RBI ban.'
Artificial Intelligence will create 2.3 million machine learning jobs by 2020.
The best investment schemes fail if they don't offer incentives to intermediaries to push investors.
Here is a primer to help you understand your tax liabilities in various investments.
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Indian households put bulk of savings in bank deposits and insurance; the returns are minimal. If you're part of this, change.
Citibank on Tuesday launched a new 'zero-balance savings account' scheme for women, which also offers housing loans at a concessional 7.0 per cent, credit card and personal accident insurance free of cost.\n\n\n\n
Sanjay Matai, a financial adviser and author, penned this advice for his son when he got his first job and first paycheque.
A tax plan is not only to save taxes, it should also assist you in achieving your other financial goals such as buying a home, a car, children's education, retirement to name a few. Here are some top ways in which you could plan for your tax savings
Soon, one will be able to pay utility bills at the local supermarket, while buying groceries, with the RBI allowing the setting up of payment banks.
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