The Life Insurance Corporation of India (LIC) has launched a new insurance plan — Dhan Vriddhi on June 23, 2023. It is a non-linked, non-participating, individual, savings, single premium life insurance plan which offers a combination of protection and savings, the insurer mentioned in a press release. LIC Dhan Vriddhi plan provides financial support for […]
EPS higher pension: ‘Unable to submit,’ EPFO members complain on Twitter as deadline nears
Many employees and pensioners who are eligible to apply for higher pension from the Employees’ Pension Scheme (EPS) are complaining on Twitter that they are unable to submit their application forms. This is happening when there are less than four days left to submit the applications for higher pension. The Employees’ Provident Fund Organisation (EPFO) […]
3-in-1 insurance: Soon, you can get life, health insurance and market linked investment in one combo product
The Insurance Regulatory and Development Authority of India (Irdai) has allowed insurance companies to launch individual & group unit-linked life and health insurance products and combi products without seeking prior approval from the regulator. In a circular released on June 20, 2023, the regulator adds additional categories to the existing ‘use and file’ procedure for […]
How consultants, professionals can continue to opt for old tax regime from FY 2023-24: CBDT issues new rules
The Central Board of Direct Taxes (CBDT) has issued a notification specifying the process consultants, professionals – having business income– should follow to continue with the old tax regime from the current financial year, i.e., FY 2023-24. The change in the process has been introduced as from this financial year, the new tax regime has […]
How to check if your Google account is being used by an unknown person
.People can check if their Google account is being used by an unknown person. .The process to check the list of logged devices is very simple once you know the steps. .Users can also add an extra layer of security by enabling the 2-Step Verification feature. Did you know Google gives you a lot of […]
SBI extends these two special fixed deposit (FD) schemes. Check details here
State Bank of India (SBI) has extended its special fixed deposit scheme for senior citizens – SBI WeCare, which offers higher interest rates to the elderly on tenures between 5 years to 10 years. “SBI takes pride in its association with Senior Citizens and introduces a new Deposit Scheme “SBI WECARE’ protecting their income by […]
Why EPFO needs to extend deadline to apply for higher EPS pension for third time
The last date to apply for a higher pension under the Employees’ Pension Scheme (EPS) is June 26, 2023. However, many people are still not sure whether it is beneficial for them to apply for the higher EPS pension. The Employees’ Provident Fund Organisation (EPFO) had issued a circular on the method of pension calculation […]
NPS withdrawal rule to change soon: How this will benefit National Pension Scheme subscribers — explained
National Pension System (NPS) subscribers will soon get a new option for funds withdrawal as the pension fund regulator PFRDA plans to come out with a systematic withdrawal plan. “It is at a very advanced stage. Hopefully, by the end of next quarter we should be able to come out with a scheme like that,” […]
Income tax rules for setting off long-term capital loss from various debt mutual funds
I have made capital gains of about 19 lakhs by selling various debt mutual funds which I held for more than 3 years. Approximate capital gains after indexation is about 3+ lakhs. In one fund which is traded in the US, I have a capital loss after keeping it for more than 5 years. Is […]
Income tax return filing: A step-by-step guide to file ITR online
The deadline for filing your income tax returns (ITRs) is 31 July. By now, most of you must have received the Form-16. Experts are advising individual taxpayers to avoid the last-minute rush and start filing their ITRs soon. which can lead to mistakes. How to file ITR? You have the option of getting your ITR […]