29 C 
Children Educational Allowance helps employees cover educational expenses for their children under the old tax regime. Here's a look at the eligibility and non-eligibility of tuition fees deduction under Section 80C.
Do NRIs require tax clearance certificate before leaving India?
The ITA provision on tax clearance certificate specifically excludes persons who are not domiciled in India and visit India for purposes not connected with business, profession, or employment.
State-run oil companies are verifying LPG consumers' income to cut subsidy burden. Those with incomes over 10 lakh may lose benefits. Consumers must respond within seven days to avoid cancellation. The move follows stricter checks with the Income Tax Department to identify ineligible recipients.
Health fund and health insurance: What's the difference, why you may need both and how to save
Every individual has to budget and save for possible medical and health related expenses. Here is the difference between a health fund and health insurance, why you may need both and how much to save
I asked ChatGPT: How can I make my kids more financially aware? AI gives me 10 money hacks
Teaching children about money is best done through intentional behaviour and practical systems. ChatGPT recommends clear allocation methods, experiences financial consequences, and encourages emotional connections to saving.
A 10 lakh post office FD earning 7.5% and a 10,000 monthly recurring deposit earning 6.7% can grow into a corpus close to 1 crore over 20 years through compounding. However, inflation may significantly reduce the real value of these returns, making long-term planning and diversification crucial.
I asked ChatGPT to calculate the savings needed as a freelance artist, to live my old age in Pune
I asked ChatGPT to calculate the how much savings corpus I should build for my old age as a freelance artist with irregular income, living in Pune. Here is what artificial intelligence (AI) chatbot said
Senior citizens' FD rates in small finance banks reach up to 8.30% in May 2026, offering secure, high-yield investment options with stable returns. These investment options become even more lucrative in the current geopolitical environment. Check details.
MBA returns vary regionally, with the Middle East offering the fastest payback, according to ChatGPT. Check the AI tool's detailed response.
According to the couple, rent takes up the largest share of their monthly budget. They said they pay 56,000 every month for their apartment.
Investor appetite shifted towards riskier mutual fund categories in April, with mid- and small-cap funds attracting record inflows and delivering stronger returns, while large-cap funds saw declining inflows amid changing retail investment preferences despite ongoing market volatility and valuation concerns.
As part of its consultation process, the 8th CPC opened submissions and held meetings in Delhi in March and in April. Now, visits are scheduled in Telangana, Ladakh, Jammu & Kashmir and Delhi in May and June.
Corporate FD rates in May 2026 are attracting investors, as Shriram Finance, Mahindra Finance, and other top NBFCs offer stable FD returns of up to 8.95% amid market volatility. Check the comprehensive comparison, and discuss with certified financial advisors before locking in on any investments.
Mutual fund SIP inflows decline 3% month-on-month to Rs 31,115 crore in April: AMFI data
Monthly mutual fund SIP inflows declined to Rs 31,115 crore in April compared to a fresh record high of Rs 32,087 crore in March. On a yearly basis, the monthly SIP inflow went up by 18% from Rs 26,400 crore in April 2025.
Sunil Singhania led Abakkus Mutual Fund crosses Rs 5,000 crore in AUM with 1 lakh unique investors
Abakkus Mutual Fund, led by Sunil Singhania, has achieved a significant milestone, surpassing Rs 5,000 crore in assets under management with over 1 lakh unique investors. Launched in December 2025, the fund house attributes its rapid growth to investor confidence, a disciplined research-driven approach, and a focus on building trust and transparency.
From uncertainty to opportunity: why staying invested matters in volatile markets
As markets correct amid oil spikes and global uncertainty, history suggests volatility may offer long-term opportunity. Heres why Indias structural story remains compelling.
Quant Small Cap Fund: RIL and HDFC Bank among stocks bought and sold in April
Quant Small Cap Fund adjusted its holdings in April 2026. The fund exited HDFC Bank, Jio Financial Services, and Aarti Industries among others. New additions included Triveni Tribune, Sai Parenterals, and PTC India. Exposure was trimmed in Adani Power and Aegis Logistics. The fund increased its stake in Black Box, Capacite Infraprojects, and RBL Bank.
Digital FDs: high on convenience but mind the risk
Many online platforms now allow you to invest in fixed deposits from multiple banks. Understand the allure and the often-overlooked downsides before you commit your savings.
Personal loan rates in May 2026: Compare SBI, HDFC, ICICI and other lenders with fees and EMIs
Comprehensive comparison of personal loan rates in May 2026 across SBI, HDFC, ICICI Bank, Axis Bank, and other lenders in India, including EMIs, interest rates, and processing fees, to help borrowers make informed decisions. Before finalising any loan offer, consult a certified financial advisor.
HDFC Mid Cap among 5 midcap funds with highest cash holding. Check details
Several midcap funds maintained significant cash reserves in March, with Axis Midcap Fund leading at approximately 9.3%. Other funds like the Taurus Mid Cap Fund and the HDFC Mid Cap Fund also held substantial cash, reporting 8.8% and 7.7% respectively. Baroda BNP Paribas and Bank of India Mid Cap Funds rounded out the list with allocations of 7.5% and 6.5%.
A portfolio is like an Indian thali: Radhika Gupta explains why global diversification matters
At a time when Indian investors are increasingly exploring overseas markets amid strong performance in global equities, fund managers at the Groww India Investor Festival 2026 cautioned against treating international investing as a short-term return-chasing strategy.
Planning to rebalance your mutual fund portfolio amid market volatility? Heres what experts suggest
JioBlackRock Flexi Cap Fund exits 3 AMC stocks, HAL, and 13 others in April
JioBlackRock Mutual Funds Flexi Cap Fund completely exited 17 stocks in April, including AMC companies and Hindustan Aeronautics, while adding 27 new stocks to its portfolio. The fund also increased exposure to several large-cap names and expanded its portfolio size from 107 to 117 stocks.
Tata Large Cap Fund has turned a Rs 10,000 monthly SIP into over Rs 5 crore in 28 years. The fund also delivered substantial returns on lump sum investments. Experts highlight its disciplined approach and focus on quality companies.
More than 600 OpenAI employees sold a combined 6.6 billion dollars worth of stock in a single day in October 2025, averaging 11 million dollars each. Here is how artificial intelligence is creating unprecedented wealth for technology workers before a single IPO has taken place.
Establishing an emergency fund is crucial for financial stability, covering unforeseen expenses without affecting daily finances. Regular monitoring and automation of savings can help build this financial cushion effectively.
New ITR disclosure norms for FY26: What investors, traders and salaried taxpayers should know
The Income Tax Department has revised ITR forms for 2026-27 to enhance transparency and simplify the tax filing process. Here's a list of changes in each ITR Form.
Annual Information Statement: Here's how to Download Form 26AS Stepwise guide
Form 26AS, also known as the Annual Information Statement (AIS), is a comprehensive display of a taxpayer's financial statement for a given tax year. It has been replaced by Form 168 under the new Income Tax Act, 2025.
Discover home loan rates from Bajaj Finserv, PNB Housing, & 6 leading HFCs this May 2026. With rates starting at 7.15%, unlock affordable borrowing with lower EMIs, flexible repayment options, & competitive offers. Learn essential factors beyond the headline rate to secure your dream home.
Cumulative vs non-cumulative FD Which is better for retirees? Know which suits you
Fixed deposits offer safe, stable returns and comes in cumulative and non-cumulative types, catering to different needs, such as wealth building for long-term savers or regular income for retirees. Details here.
ChatGPT recommends the minimum salary required to leave India for a job in Dubai. Check the detailed AI response.
I asked ChatGPT to calculate the required monthly savings to build a good education corpus for my children's higher studies for medical or engineering college in Delhi. Here is what artificial intelligence chatbot said
What happens if you forget to extend your PPF account after maturity? Rules explained
A PPF account matures after 15 years, allowing withdrawals or extensions. Failing to submit Form 4 within a year limits contributions. Details here.
FD rates 2026: How much will 1 lakh, 5 lakh and 10 lakh earn in top banks of India?
Fixed deposits remain a favored choice for conservative investors, offering stable returns influenced by repo rate changes. Major banks in India offer FD rates between 6% and 7.25%, with higher rates from small finance banks.
Joint, mutual or separate wills? How couples should plan their estate
Joint and mutual Wills may sound similar, but the legal consequences are vastly different. Heres how couples should choose the right structure under Indian lawand avoid costly ambiguity.
ChatGPT devised a plan for a Bengaluru family earning 20 LPA. AI emphasises the importance of adequate coverage for financial security.
Switching tax regimes? Key things salaried employees must know before choosing between old and new
Salaried employees can choose between old and new income tax regimes, while the new tax regime remains the default option. The Union Budget 2026 maintained existing tax slab rates. Here's what all you should consider before making a choice.
Mothers Day 2026: Does money transfer to your mother help reduce your tax liability?
Transferring money to your mother is treated as a tax-free gift under Indian income tax law and does not reduce your tax liability. However, tax savings are possible only through specific payments like health insurance premiums under Section 80D in the old regime.
Investors in cryptocurrencies and foreign equities in India must disclose profits in tax returns to avoid penalties. Cryptocurrency gains are taxed at 30%, while foreign assets are taxed based on holding periods. Details here.
The Iran war has caused significant market volatility, prompting experts to advise investors to focus on long-term planning rather than panic trading.
ChatGPT warns that a 1 lakh salary is not enough to comfortably sustain a debt-heavy lifestyle with 36% credit card interest. The chatbot recommends cutting variable expenses sharply, stopping credit card usage entirely and restructuring repayments to become debt-free within 25 years.
On May 10, gold prices in India remained stable with 24-karat gold at 153,140 per 10 gm and 22-karat at 140,378. Silver was priced at 262,350 per kg. Trading rates are unavailable as MCX is closed on weekends.
Jeffrey Gundlach advises investors to hold cash, gold, and real assets in 2026, warning against risky investments if the Fed raises rates. He recommends 20% in cash and commodities, and suggests buying gold if it dips below $3,500 an ounce, amid concerns over future debt restructuring.
The Clarity Act, aimed at regulating cryptocurrency, will be reviewed by senators next week. If approved, it will clarify asset classifications, address stablecoin policies, and potentially enhance digital asset adoption while resolving conflicts between crypto firms and banks.
Mothers Day 2026: Why mutual fund SIPs, emergency funds, and insurance are essential for mothers
Financial experts emphasize smart planning for mothers' future security, urging early and consistent investing. Flexi-cap and large-cap funds are recommended for growth, while debt and hybrid funds suit retirement. Working mothers can afford higher equity exposure, whereas homemakers benefit from a more conservative approach.
Rajeev Thakkar and Sankaran Naren see value in IT despite AI disruption concerns
Veteran fund managers Rajeev Thakkar and Sankaran Naren believe select Indian IT stocks are becoming attractive despite AI disruption concerns. While Naren called the sector a contrarian valuation play with possible risks, Thakkar argued Indian IT firms have historically adapted to technological shifts, and AI-driven productivity could ultimately expand demand.
Equity MFs delivered over 8% return last week. Check top 9 funds with over 5% gain
Equity mutual funds saw a strong performance last week, with over 8% returns for the category. Among the top performers, international funds like Mirae Asset Global X Artificial Intelligence & Technology ETF FoF led the pack with an 8.49% gain.
In May 2026, small finance banks in India offer attractive FD interest rates, some up to 8%. Senior citizens receive extra rates of 0.20%-0.50%.
Mutual fund NFOs: 2 passive funds to open for subscription this week; check key details here
Two new passive mutual funds are launching this week to expand fund houses' offerings. DSP Nifty FMCG ETF opens May 12-14 with a Rs 5,000 minimum, while HDFC Gold Silver Passive FoF opens May 15-29 with a Rs 100 minimum. Investors should choose based on their risk appetite and goals.
Navneet Munot, Nilesh Shah and Kalpen Parekh caution investors against chasing unrealistic returns
Top mutual fund managers at the Groww India Investor Festival 2026 advised investors to avoid unrealistic return expectations, emotional investing and social media-driven decisions. They stressed disciplined SIP investing, asset allocation, patience and behavioural awareness as key drivers of long-term wealth creation while remaining optimistic about Indias long-term growth prospects.
The most important Mothers Day gift isnt jewelry. Its financial independence
Across every stage of motherhood new, working, single, entrepreneurial, senior the financial system treats women as signatories, not decision-makers. The cost of that exclusion is real, compounding, and entirely preventable.
90,000 adulting bill: Gurugram man leaves internet stunned by his monthly spending breakdown
A 25-year-old product manager from Gurgaon has gone viral after sharing a detailed breakdown of his monthly expenses in an Instagram reel. From 18,000 rent for a 2BHK apartment to 30,000 spent on a trip, his candid take on adulting in a metro city has sparked debate online.
Working women planning to extend maternity leave should rethink finances, focusing on budgeting for increased costs and decreased income.
Stablecoins are becoming crucial in linking traditional finance with digital assets, with projections estimating the market could reach $500 billion to $2 trillion by 2028.
How Mirae's Swarup Mohanty used AI to recalibrate his retirement plan
Swarup Mohanty, CEO of Mirae Asset, transformed his retirement strategy after AI revealed potential pitfalls in his original plan. With insights into market dynamics and a focus on longevity risk, he crafted a comprehensive portfolio that balances risk and growth.
Bank holiday next week: SBI, HDFC, others closed on this day between 11 and 17 May; check here
Banks in India will close for one day next week, with nine holidays listed by RBI. Key closures include May 17 and regional holidays. Online services remain available for banking transactions, and customers should check with local branches for specific holiday schedules.
What is NPS Sanchay? Check eligibility, withdrawal rules and investment details
India's pension regulator has launched NPS Sanchay for the informal sector. It aims to ease retirement savings for individuals with limited financial guidance. Full details here.
Filing the correct Income Tax Return form is crucial. and taxpayers must select forms based on income sources. Here are the details about forms that salaried taxpayers and freelancers should choose.
How to divide monthly salary between rent, EMI, SIP, insurance and savings?
Effective management of monthly salary is crucial for financial stability. The 50/30/20 rule allocates income into essential expenses (50%), lifestyle spending (30%), and savings (20%), promoting disciplined budgeting, investment, and insurance coverage for long-term wealth building.
ITR filing 2026: Why waiting until June 15 could help taxpayers avoid notices
The ITR filing deadline for FY 2025-26 is July 31, 2026. Tax experts advise against filing before June 15 to ensure all documents are updated, as early submissions may lead to discrepancies and incorrect reporting in certain cases. Details here.
FD laddering strategy: How to split 10 lakh for better returns and liquidity
FD laddering involves spreading investments across multiple fixed deposits with varying maturities, enhancing liquidity and flexibility. Here's how it works and how the strategy benefits investors when repo rate is changed by RBI.
ChatGPT suggests a 3.25% withdrawal rate for early retirement in India, requiring an investment of 10-17 crore, depending on the city. It recommends maximising earnings before transitioning to lower-cost cities.
Planning FD? Here's how much you should invest to earn 10,000 monthly interest see calculation
Fixed deposits are popular for stable income, particularly among retirees. Banks provide various payout options, and non-cumulative FDs offer periodic interest payments. Here's how much investment is needed to earn 10,000 monthly income.
SCSS account rules: Who can invest, how much interest you get and what tax applies
The Senior Citizens Savings Scheme (SCSS) offers Indian retirees a secure investment with guaranteed returns. Eligible individuals can invest a minimum of 1,000, with a maximum limit of 30 lakh. The scheme provides attractive quarterly interest payouts and tax benefits under Section 80C.
Leema Rose, wife of lottery baron Santiago Martin, has declared a staggering net worth of 5,863 crore in her nomination affidavit filed with the Election Commission of India. Leema is first-time AIADMK MLA from Lalgudi seat.
Mumbai takes it back quietly: Investment bankers 1.3 lakh monthly expense breakdown goes viral
From 60,000 rent in Worli to 10,000 on Uber rides just to save timeMumbai-based investment banker Yash Verma breaks down his 1.3 lakh monthly burn rate, proving that in Indias financial capital, time is the ultimate luxury.
A systematic withdrawal plan generates monthly or quarterly income for investors while keeping the remainder of their mutual fund corpus invested. Here's all you need to know about SWP
NFOs : 7 mutual funds and 3 SIFs are open for subscription. Check details
Seven new mutual fund schemes and three Specialised Investment Funds (SIFs) are currently open for subscription, offering investors fresh opportunities across equity, debt, hybrid, and thematic categories.
How expensive is Gurgaon really? Woman breaks down the real cost of living as a couple in the city
A Gurgaon-based woman has gone viral after sharing a detailed breakdown of her and her husbands monthly household expenses, revealing that the couple spends around 75,000 to 80,000 every month.
7 hidden credit behaviours that may be hurting your credit score
Protect your credit score from silent damage caused by hidden credit behaviours that reduce creditworthiness, from high utilisation to missed payments and credit report errors.
Star-rated flexi cap funds have generated 15%+ returns in 3 years, with schemes from Parag Parikh, HDFC, and Quant emerging as top performers amid strong equity market momentum.
TDS on FD interest decoded: Who pays, how much banks deduct, and exemption rules
Fixed deposit interest provides passive income for many Indians but is subject to TDS under the Income Tax Act. TDS is deducted at 10% if interest exceeds 50,000, with senior citizens enjoying a higher exemption. Forms 15G and 15H can help avoid TDS.
How multiple credit card applications influence your credit report and loan approval chances
Multiple credit card applications can lower your credit score due to repeated hard inquiries, which increase lenders' risk perception, while spaced applications and responsible credit usage help maintain a healthy credit profile.
Parag Parikh Flexi Cap Fund increase stake ITC, TCS, HDFC Bank and 14 other stocks in April
Parag Parikh Flexi Cap Fund boosted its holdings in ITC, TCS, and HDFC Bank during April. The fund also increased its stake in fourteen other companies, including Indraprastha Gas and HCL Technologies. Exposure was reduced in Coal India and Power Grid Corporation of India. The fund made a complete exit from Balkrishna Industries.
Estate planning: Financial mistakes families make after a loved ones death and how to avoid them
The death of a family member disrupts finances, making it crucial to focus on financial matters. Key steps include obtaining a death certificate, listing assets and liabilities, managing insurance claims, and re-planning finances to ensure stability during this difficult time.
BlackRock Inc. plans to launch two money-market funds for stablecoin investors, including a digital version of its $6.1 billion liquidity fund and a new tokenized fund for crypto wallet users.
Buying a car is a significant milestone for many Indians. Tax benefits for home and car loans differ, with deductions for the latter only available under certain circumstances. Here's a look at how it works
Account holders and registered bank customers are eager to know whether 9 May is a bank holiday. Check if SBI, HDFC, PNB and other banks are open or closed on Saturday with RBI's holiday calendar.
I asked ChatGPT how to fund a Europe tripSIPs or credit cards? its answer was practical
To fund a Europe trip, SIPs are safer and predictable, requiring monthly savings of 24,000- 25,000. Credit cards can be cost-efficient if repayments align with bonuses, but delays can lead to high costs. A hybrid strategy is recommended for cost efficiency.
RBI moots safeguards to curb digital payment fraud: How will they protect bank customers?
To curb digital payment fraud, the RBI has suggested measures such as lagged credit, a trusted person authenticating transactions for vulnerable individuals, prescribing a ceiling for annual aggregate credits in a bank account, and providing customer-induced controls, including a kill switch.
FD premature withdrawal rules: How much penalty do banks charge? All you need to know
Whether driven by urgent medical costs, emergency home repairs, or other sudden financial requirements, liquidating a fixed deposit prematurely carries significant implications.
Sebi proposes allowing online bond platforms to offer IFSCA-regulated products, tax-saving bonds
The new framework seeks to bridge the gap regarding IFSCA-regulated services, proposing that OBPPs operate within the GIFT-IFSC in a manner similar to Sebi-registered stockbrokers.
The demand for travel insurance is rising, with 22% growth in policy issuance in 2026. Here's how these policies work and everything a flyer needs to know before their next trip.
For the April-June 2026 quarter, Sukanya Samriddhi Yojana continues to lead with an 8.2% yield, while the PPF rate remains at 7.1%.
Investors reassess asset allocation strategies amid market volatility, focusing on equity, debt, gold, and cash based on their risk appetite and goals. Here's a complete guide to allocate 10 lakh in the current market scenario for different investor profiles.
The Department of Posts now requires depositors to quote their PAN for all specified financial activities
Income tax calendar for May 2026: Check key dates, deadlines for TDS and TCS
From the mandatory deposit of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) for April 2026 to the issuance of vital certificates and filing of key financial statements, numerous due dates are set throughout the month.
Sebi plans CKYC 2.0 rollout in July: Experts decode impact on investors and borrowers
Unified KYC is being designed on the lines of the Centre's One Nation One KYC plan. Union Finance Minister Nirmala Sitharaman also recently spoke about this while speaking at Sebi's foundation day event last month.
After the account holder's death, PPF account closes, and the nominee or legal heir can claim the balance. The account continues to earn interest until the claim is settled, but no new contributions can be made posthumously.
The meetings will prioritise pensioners, associations, and stakeholders representing personnel from railways and defence.
