Form 16 is essential for individuals earning a salary as it gives the whole breakup of Tax Deducted at Source (TDS), providing a comprehensive overview of an employees earnings, including salary, allowances, and additional perks, throughout a given financial year.

Prioritize essential expenses and cut back on non-essentials. This might be the hardest part of dealing with job loss, but it is also the most crucial.

Arun Kumar said a few years ago, he noticed a strange pattern in his behaviour that led to him decoding the fact that saving is super boring and extremely hard even though everyone understands the importance of saving.

The RBI directed banks toprovide borrowers with an annualised percentage rate (total cost of loan) to enhance transparency and empower borrowers to make informed financial decisions. In simple terms, APR will comprise not just therate of interestbut also all other loan-related costs.

The National Company Law Tribunal (NCLT) on April 8 gave another 60-day extension to Go First to complete its insolvency process, which was the third extension sought by Go First.

One can aggressively explore investment options like fractional real estate or Securitised Debt Instruments (SDIs).

In April, IRDAI asked insurance companies to offer their usual health policies to everyone, including senior citizens, students, and children. This comes after the BJP, in its election manifesto., declared that everyone over the age of 70 years would be brought under the governments Ayushman Bharat health insurance scheme.

If there are any discrepancies or missing documents, you have enough time to sort them out. This proactive approach can save you from last-minute hassles and potential penalties.

As per the FundsIndia Research Report, by investing Rs 50,000 per month with a 10% annual increase in contribution, you can achieve your first Rs 80 lakh in 7 years at an assumed rate of 12%.

Income Tax Calendar May 2024: May is a critical month for financial compliance, encompassing the deadlines for depositing deducted or collected taxes, issuing TDS certificates, and submitting various financial statements.

Brent crude futures for July fell 70 cents, or 0.8%, to $85.63 a barrel by 0456 GMT. US West Texas Intermediate crude for June declined 75 cents, or 0.9%, to $81.18 per barrel.

To enhance the participation of retail investors in the corporate bond market, Sebi decided to cut the face value of such debt securities to Rs 10,000 from Rs 1 lakh at present.

The admission came a day after the pharma giant admitted in a UK court that its COVID-19 vaccine sold globally as Covishield and Vaxzevria may cause Thrombocytopenia Syndrome (TTS) in very rare cases.

Instead of preparing kids to do a 9 to 5 job, parents should encourage them to develop entrepreneurial skills. This instils a sense of initiative in young adults.

Banks like Yes Bank, ICICI Bank, and IDFC First Bank have revised some of their service charges with effect from May 1, 2024.

Following Manian's exit, the Wholesale, Commercial and Private Bank will now report directly to Vaswani, while the Asset Reconstruction Division will report to Shanti Ekambaram, Deputy Managing Director.

The RBI said that an operational disruption can threaten the viability of a regulated entity (RE), impact its customers and other market participants, and ultimately have an impact on financial stability.

Emphasizing the significance of their recent order for Airbus A350-900s, Elbers highlighted the potential for enhanced connectivity across global destinations with major Indian cities.

Cash logistics company CMS Infosystems in its report said Karnataka topped the chart with the highest absolute withdrawals per ATM, with an annual average withdrawal of Rs 1.83 crore, followed closely by Delhi at Rs 1.82 crore and West Bengal at Rs 1.62 crore.

COMEX Gold prices closed marginally down at the start of the week as investors await Fed policy and US Jobs data this week.

In April 2024, Mumbai saw the second-highest volume of property registrations for the month of April in over 12 years, coupled with its highest April stamp duty collection within the same period.

Go First crisis: Go First owes a total of $780.88 million to its creditors that include Central Bank of India, Bank of Baroda, IDBI Bank and Deutsche Bank.

Dearness Allowance (DA) was recently hiked by 4% to 50% for central government employees. The Department of Personnel & Training has said the limits of children education allowance and hostel subsidy would be automatically raised by 25% every time the dearness allowance on the revised pay structure goes up by 50%.

Earlier this month, Yes Bank and IDFC FIRST Bank declared that the credit card customers will have to pay a higher amount as fees for paying utility bills, but there is also a free usage cap.

Bank holiday on May 1: Banks in Thiruvananthapuram, Patna, Panaji, Nagpur, Mumbai, Kolkata, Kochi, Imphal, Guwahati, Hyderabad, Chennai, Bangalore, and Belapur will be closed for Maharashtra Din/May Day (Labour Day), as per the Reserve Bank of India (RBI) holiday calendar.

Fractures in supply chain, compounded by stringent regulatory oversight, is causing ripples in generic drug manufacturers' production capacity in US, a report by IIFL Securities noted

Covishield can cause, in rare cases, a condition that leads to blot clots and low platelet count, the vaccine-maker has said in court documents.

Following allegations of added sugar in the Swiss food giants baby formula, the apex food regulator is going to collect and test baby formula products from Nestle India and other manufacturers.

With an 87% stake, Manipal Hospitals aims to strengthen its presence in eastern India and position itself as the regions leading healthcare provider

Suresh Narayanan, Chairman & Managing Director of Nestle India today said that Cerelac sold in European markets have both added sugar and no added sugar variants and it is the parents who are free to choose among the available options. Additionally, he claimed that in India the amount of added sugar is clearly displayed on the packs.

While this innovation by the RBI intends to bring convenience and effectiveness, UPI cash deposit feature also raises some concerns and possible drawbacks that you must be aware of.

Gold prices have posted significant gains in the past few months, hence some steam off was also warranted.

Point of Presence (PoPs) are entities appointed by the PFRDA to provide services to all the citizens of India to open and operate their NPS accounts.

ICICI Bank offers customers a range of savings accounts, from basic to premium, based on their specific requirements. With these savings accounts, customers can bank from anywhere and at any time.

Bima Vistaar will include life cover with a premium of Rs 820, health cover at Rs 500, personal accident cover at Rs 100 and property cover at Rs 80.

The non-government sector, which is corporates and retail, saw a 38.88 per cent year-on-year growth in its NPS assets to Rs 2.27 lakh Crore.

The US economic data for Q1 2024, including an annualised 1.6% expansion and a surge of 3.7% in the core PCE price index, has significant implications for gold prices.

The latest data showed that the gap between the number of male and female PAN holders still exists, but it is fast closing. As on March 31, 2024, 42.10 crore males have PAN cards vs 31.05 crore females.

Sebi initiated this action due to revisions in the list of officially accepted documents (OVD). Previously, bank statements and bills were acceptable for mutual fund accounts, but they no longer hold validity.