Some residents have already taken this step to relocate, either temporarily or permanently, some to their native places and others to clean-air destinations like Goa and Himachal Pradesh.
ICICI Bank, the country's largest private sector lender, has revised allowances paid to its executive directors, including that of its managing director and CEO Chanda Kochhar.
Tax practitioners said that the move will help salaried individuals meet the cost of some of the surgeries since the present limit was low and was mostly used up by consultation fees and cost of medicines.
According to Parizad Sirwalla, partner (tax), KPMG, the withdrawal of annual tax free transport allowance and medical reimbursements has squared off the benefit on account of standard deduction.
Archit Gupta on how can you maximise your savings and reduce your taxable income.
The Centre is considering a proposal on increasing coverage under the Ayushman Bharat scheme to Rs 10 lakh from the current Rs 5 lakh.
Experts, however, said that it is a very nominal benefit to the salaried class.
FM may increase income-tax exemption limit to Rs 3 lakh
Purchase health insurance at an early age, before you incur a disease, as this makes access to health insurance difficult and raises the premium significantly.
Postings to places at an altitude above 1,000 metres but less than 1,500 metres, between 1,500 and 3,000 metres, and above 3,000 metres entail different rates of allowances -- the higher the location, the bigger the allowance, reveals Tamal Bandyopadhyay.
Instead of enhancing the sum insured of your basic policy, a more cost-effective option is buying a super top-up policy.
If your flight is cancelled or delayed or you miss one, a travel insurance policy can cover the costs at such times and help you book a new one.
To avoid a claim rejection for chronic diseases, ensure proper medical records, experts tell Tinesh Bhasin
Join us for an online chat with health insurance expert Anil Rego between 2 pm and 3 pm on Wednesday, October 7.
Exemption limits, standard deduction on radar.
While Bhasin will be getting provident fund money and gratuity, he would not be getting leave encashment for 420 days, medical reimbursement for himself and wife, free passes for himself and wife, and holiday home facilities.
A sum insured of Rs 3 lakh to Rs 5 lakh may have been sufficient seven-eight years ago but would be inadequate today, especially for people living in metros, points out Sanjay Kumar Singh.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Which one of these expectations do you think will actually materialise, come February 1?
Prepaid one offered by HDFC Bank and Apollo Hospitals gives discounts but one needs to spend it at designated hospitals and pharmacies to avail benefits
Sanjib Jha, CEO, Coverfox Insurance Broking, answers your health and auto insurance related queries.
Though it may be anecdotal, there are some HR people who cannot reconcile their own salary from a CTC to take home!
The doctors' bodies said that the two sides reached consensus during talks with the state government agreeing to keep private hospitals that have not availed land at subsidised rates or other benefits from it outside the ambit of the proposed law.
Keep a check on the waiting period and exclusions while buying a health insurance plan and see if it fits your requirements.
Most traditional health insurance plans didn't cover the cost of such treatments earlier, but several recently launched policies do offer such coverage -- some as a rider, and a few as standalone covers, points out Sarbajeet K Sen.
Sanjib Jha, CEO, Coverfox Insurance Broking, answers your health insurance related queries.
...for others it would be an incentive to participate more robustly in equities and other tax instruments.
Personal accident cover should be purchased by everyone, irrespective of age, occupation or health condition, as one does not know when an accident could occur, causing hardship to the family.
A person who has cancer and doesn't have any health insurance will find it difficult to buy a regular hospitalisation cover. An indemnity-based cancer plan may cover them.
Sanjib Jha, CEO, Coverfox Insurance Broking, answers your health and auto insurance related queries.
Roopam Asthana, CEO and whole-time director, Liberty General Insurance Ltd, answers your queries about HEALTH insurance and AUTO insurance.
Rakesh Kaul, CDO, Edelweiss General Insurance, answers your health insurance queries.
In simple terms, it refers to a deduction allowed in income tax, irrespective of expenses incurred or investment made by assessees.
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.
The market players were expecting that if long-term gains are taxed, the STT would go. But this has not happened, says Debashis Basu.
'While many policies say that they will cover mental illnesses, the wordings of a few still have mental illness as a permanent exclusion.' 'After the new IRDAI circular, such exclusions should go away.'
The I-T department's app is useful for those looking for information, grievance redress, and resolving PAN- or TAN-related issues.
According to the CBDT, if a social media influencer retains a product from the manufacturing company after using for the purpose of rendering service, then it will be treated as a benefit/perquisite under newly-introduced Section 194R of the IT Act.
Buying in India is usually cheaper unless you have a pre-existing disease
Moving to a new company means losing out on continuity benefits
