Individuals often postpone tax planning till the end of the financial year. As the deadline for showing proof of investments draws near, they invest randomly in any product that will help them save tax for that year. Later, they realise that it is not suited for them, so they abandon it. Tax planning should not be a standalone, one-off activity, but should be in sync with your overall financial plan, says Sanjay Kumar Singh.
This includes an infrastructure push which may lead to the government spending more than its budgeted capital expenditure for 2020-21. There are also discussions on increasing the scope and quantum of direct cash transfers to the beneficiaries who need it the most.
Professor, Indian Institute of Public Health, Hyderabad, Public Health Foundation of India, V Ramana Dhara, said the unlock has resulted in a return to old habits of indiscipline in physical distancing and improper mask use.
The pandemic should force you to take a hard look at the downside risks that could jeopardise your finances.
Soon after the lifting of the 13-day moratorium at 6 pm, some customers took to social media complaining that they were not able to access certain services, including internet and mobile banking.
'These reports of cases being very low in other states, is it true? Are the numbers believable?'
The higher limit will be useful for senior citizens in particular
There have not been any significant changes either in the personal income tax slabs or in tax saving avenues.
Whether the third wave will ravage us depends on the pace of vaccinations, careful and calibrated opening up of establishments, and a strategy to contain the spread in specific states or pockets.
Joginder Tuteja looks at the numerous times Mr Bachchan has played an older man.
The most common, obviously, is food prices. The salaried class has several other demands too, like the taxation of perquisites such as employee stock options or Esops.
The approval comes a day after Sinopharm said its vaccine showed 79.34 per cent efficacy and a 99.52 per cent antibody-positive conversion rate in the interim results of the Phase III clinical trials.
Indian seniors face loneliness in their sunset years. And many companies have kicked in to provide various kinds of options for India's elderly. The elderly can now pay and enjoy a variety of services in the comfort of their own homes
InvestmentYogi's detailed analysis of reverse mortgage, financial planning and retirement planning solution for senior citizen and retirees.
Post office savings deposit, recurring deposit accounts and the senior citizen savings scheme account have shown the highest growth in the current financial year.
The right investment at the right age will help you enjoy a secured post retirement life.
Elections are here and we want to know what you wore when you cast your vote!
As many as 77 rape cases were reported across India on an average every day in 2020, totalling to 28,046 such incidents during the year, according to the latest National Crime Records Bureau data.
Experts pointed out the move will only help taxpayers temporarily, as the tax liability remained the same and the date for advance tax has not been extended.
'Testing is a very good strategy if only symptomatic people are transmitting the disease.' 'Here asymptomatic people, with minimum, trivial symptoms, are transmitting too.' 'Testing, treating, tracing contacts and quarantining them -- yes, it will work up to a certain extent.' 'But more important is physical distancing, hand hygiene, cough etiquette and cocooning, protecting with reverse quarantining the most vulnerable people, senior citizens, people with other major medical problems.' 'To me, that makes much more sense.'
Goa, Kerala, Maldives and Dubai are among the popular destinations.
While senior citizens will continue to enjoy greater tax exemption, women tax payers will lose their special status under the proposed Direct Taxes Code.
The Union Budget on Monday evoked contrasting responses in the political arena with the ruling Bharatiya Janata Party hailing it as a vision for an 'Aatmanirbhar Bharat' and the Opposition describing it as a 'let down like never before' that was meant to 'deceive' people.
Arundhuti Dasgupta on the anxiety and logistical challenges of caring for elderly parents during lockdown, especially if they are ailing and live away from you.
The ED had summoned Patel, 70, twice for questioning in the case but the Congress Rajya Sabha MP from Gujarat later cited prevailing COVID-19 guidelines that advises senior citizens to stay indoors in order to remain safe from the pandemic.
SBI has twice hiked interest rates on fixed deposits within a month, but an investor still gets better returns at the post office.
Interest rate on Public Provident Fund scheme was cut to 8.1%.
Ranbir Kapoor's changing faces in Sanju.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Senior citizens, differently-abled, pregnant women and medically sick travellers will be given a preference
Chhattisgarh's capital creates a caring environment for elderly people living in the city.
The ministry also said about 14 most affected countries with a cumulative population almost equal to that of India have reported 55.2 times more COVID-19 deaths and 22.5 times more cases.
Joint Secretary in the health ministry Lav Agarwal said it is wrong to just look at the total number of cases and state that India has the seventh highest number of cases as the population of countries also should be taken into account. About 14 countries with a cumulative population almost equal to that of India have reported 55.2 times more COVID-19 deaths, he said.
RBI has also announced new guidelines to price loans from April 1.
The Covid-19 pandemic has forced a whopping 8.7 lakh expatriates from Kerala to return home, most of them from the Gulf, since last May, with a majority of 5.67 lakh citing job loss as the reason for it, according to official data.
NSC scores high on all three parameters that conservative investors are seeking -- safety, tax-adjusted returns and liquidity.
The finance minister said easy access and efficiency in providing banking services will help in revival of businesses which are restarting operations after the lockdown.
Apart from outlining its future plans for the development of Bihar, Chief Minister Nitish Kumar led party also referred to poll promises made by the rival Grand Alliance, including approving 10 lakh jobs, and sought to know from where would they manage Rs 5 lakh crore additional money that will be required for fulfilling their 'lofty' announcements.
In its effort to be something of everything, the budget has become a bag of contradictions
'We behaved as if this disease is not a problem for India.' 'We acted as if it would go away. But it didn't go away; it exploded.'
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