30 C 
Taxpayers with foreign investments must disclose them in Schedule FA when filing income tax returns. Resident and Ordinarily Resident taxpayers are required to report foreign assets, regardless of income generated, to avoid scrutiny. Details here.
Transport allowance exemption for employees: Who can claim tax relief of up to 1.80 lakh a year?
The tax exemption for transport allowance has been revised, offering higher limits for disabled employees starting FY 2026-27. This change aims to alleviate the burden of commuting costs, ensuring better support for specially abled employees.
Special vs regular FDs: Key differences and which one you should choose
Regular and special FDs offer different tenures and rates, with special FDs providing higher returns. Here's a breakdown of each FD's features and which one you may choose, based on your financial goals.
ITR filing 2026: Key documents you must keep ready before submitting your income tax return form
Filing your income tax return is easier with all documents prepared in advance. Gather income statements, tax documents, and proofs before the deadline to avoid errors and late fees. Full list here.
Credit card default: How bank settlements affect your CIBIL score and future loans
Missing credit card payments can lead to defaults, and may eventually result in a one-time settlement option from banks. However, this can negatively impact credit profiles and future borrowing. Details here.
A 22-year-old earning 1 lakh monthly may need a balanced investment strategy for studying abroad within five years, focusing on growth and stability. Here's what experts suggest.
Section 80EEB of the Income-Tax Act allows a deduction for interest on loans for electric vehicle purchases, up to 1.5 lakh, under the old tax regime. Here are the eligibility criteria and key highlights
Ankur Warikoo's old clip has gone viral in which he explained how Bengaluru techies can save more by ditching Mumbai's same salary. Comparing financial realities of the two top tier cities, he described a master plan for 2 crore savings in 18 years.
10 equity mutual funds cross Rs 60,000 crore AUM; top 3 manage over Rs 1 lakh crore each
Around 10 equity mutual funds managed over Rs 60,000 crore in assets by April 2026, led by Parag Parikh Flexi Cap Fund, while HDFC Mutual Fund dominated with three entries.
Home loan planning tips to avoid costly financial mistakes when buying a family home
Buying a home with family requires smart home loan planning, clear ownership roles, sustainable EMI management, legal agreements, and careful budgeting to avoid financial stress and long-term repayment challenges.
NPS withdrawal overhaul: How you can now plan flexible pension payouts till 85 2 methods explained
The PFRDA has launched Retirement Income Schemes and drawdown facilities under the NPS, allowing subscribers to withdraw retirement funds in phases. This aims to provide flexible payout options while ensuring corpus appreciation, with guidelines effective once operational frameworks are ready.
Quant Mid Cap Fund exits Lenskart Solutions and 2 other stocks, adds SAIL in April
Quant Mid Cap Fund exited Lenskart Solutions, NMDC and SBI Cards in April, while adding Steel Authority of India to its portfolio, the funds monthly disclosure showed. The fund also increased exposure to Reliance Industries and maintained holdings in several key stocks, as sector allocations shifted toward healthcare and metals.
For a family of four, ChatGPT suggested Kuala Lumpur, Malaysia, as an ideal summer vacation spot, emphasising safety and budget. Total costs for flights, accommodation, meals, transport, and activities range from 1.46 lakh to 2.80 lakh, ensuring a stress-free holiday.
JioBlackRock Mutual Fund: HDFC Bank, ITC, and MCX among top 10 stock holdings in April
JioBlackRock MFs April portfolio reveals top allocations to banking, telecom, and large-cap leaders like HDFC Bank, ICICI Bank, RIL, ITC, Infosys, and MCX.
How much salary makes you rich in Indias Tier-2 cities? Bengaluru-based CEO breaks it down | Watch
A viral video by entrepreneur and GoodWorks Group founder Vishwas Mudagal is getting widespread attention online for its take on wealth and quality of life in Indias tier-2 cities.
Petrol and diesel prices increased by 3 per litre, the first rise in over four years, due to global crude price surges linked to the Iran war. CNG prices also rose by 2 per kg in major cities like Delhi and Mumbai.
Gold price today: Gold rates dropped on the MCX on Saturday morning amid a stronger US dollar, driven by elevated crude oil prices. International gold prices declined to an over one-week low, looking set for a weekly decline.
A settled loan status on a credit report can negatively impact credit scores, reduce creditworthiness and hurt future loan approvals, while a closed loan status reflects responsible repayment behaviour and stronger financial credibility.
Bengaluru couples 54,200 monthly expenses go viral, internet debates real cost of living
A Bengaluru-based couple has sparked a discussion online after sharing a detailed breakdown of their monthly expenses in the city.
I asked ChatGPT to plan Ladakh or Spiti Valley trip under 30,000 | It picked
A 10-day trip to Spiti Valley is more budget-friendly than Ladakh, costing around 25,00030,000 per person, compared to Ladakh's 40,00050,000. Spiti offers cheaper travel, accommodation, and food, making it a better choice for a group of eight seeking adventure without overspending.
Account holders and registered bank customers are eager to know whether 16 May is a bank holiday. Check if SBI, HDFC, PNB and other banks are open or closed on Saturday with RBI's holiday calendar.
From 1 April, the gains from a share buyback are taxed by applying capital gains tax provisions, making buybacks taxpayer-friendly. Earlier, the entire proceeds were taxed as dividends at slab rates.
1 lakh monthly salary plan: How much should go to SIP, FD, PPF and emergency fund?
An effective financial blueprint should ideally include allocations to SIPs, fixed deposits, Public Provident Fund, and an emergency fund.
B-khata to A-khata: Bengaluru camps to offer on-the-spot help to property owners from 16 May
Karnataka's Bhoo Guarantee 2026 scheme allows Bengaluru property owners to convert B-Khata to A-Khata with a 60% fee reduction. Full details here.
Marginal relief helps those earning slightly above a certain tax limit, making the tax burden more manageable under both the old and new tax regimes and ensuring fair taxation across all income levels. Full details here.
30 lakh CTC breakdown: How much in-hand salary can you actually get?
The elements of the wage framework include Base Salary, House Rent Allowance, Leave Travel Allowance, Special Allowance, Performance Bonus, Employee Provident Fund, and Income Tax.
Gift tax rules explained: Who can give you money or assets without tax implications?
Gifts exceeding 50,000 are taxable under the Income Tax Act as income from other sources. Exemptions apply for gifts from relatives or on special occasions. Full list of exemptions here.
You can earn up to 69,000 monthly income from 1 crore FD in small finance banks. Here's how
Small finance bank FDs can help deliver attractive monthly income on 1 crore deposits, with senior citizens earning higher returns through competitive fixed deposit interest rates.
Buying or selling property in India as an NRI? Here are the rules you should know
Non-Resident Indians can buy property in India under FEMA and RBI regulations. They may purchase residential and commercial properties, but agricultural land is subject to restrictions.
The domestic travel insurance policy provides protection against several travel-specific risks and crises, including a personal injury benefit reaching 3 lakh and medical facility coverage up to 1 lakh during transit.
UPI's per-day and per-transaction limit set at 2 lakh in Europe. What it means for users
The per-transaction and per-day limit for UPI Global Acceptance in Europe (peer-to-merchant) has now been increased to 2 lakh. Each member bank may set its own norms, subject to the overall applicable limits, NPCI has said.
ICICI Prudential Mutual Fund: RIL, Infosys, HDFC Bank among top 10 stock holdings in April
ICICI Prudential Mutual Fund, Indias second-largest fund house with Rs 11.72 lakh crore AUM, reshuffled holdings across banks, autos, energy, and IT, with HDFC Bank and ICICI Bank topping exposure, while RIL, Infosys, Bharti Airtel, Sun Pharma, NTPC, and Maruti Suzuki saw selective buying and selling changes.
Did you receive money in your bank account by mistake? Follow these steps to avoid tax liability
Unexpected bank credits can become taxable unexplained income; follow prompt stepsdo not use funds, notify the bank and sender, document everything, and consult a tax professional to avoid tax liability.
What happens to your EPF account if you become an NRI? Rules explained
The EPF account remains active when an Indian becomes an NRI, but rules for contributions and withdrawals change. NRIs must meet eligibility conditions to withdraw funds online. Details here.
How rising crude oil prices and market volatility could impact your personal finances
Stock market volatility driven by rising crude oil prices, FII sell-offs, and inflation concerns reshapes the personal finance outlook, underscoring the importance of disciplined SIP investing, diversification, and long-term wealth creation.
The Senate Banking Committee advanced the CLARITY Act, aiming to regulate cryptocurrencies amid industry tensions. Supported by some Democrats, the bill moves to the full Senate, indicating a shift towards structured crypto policymaking and potential global regulatory implications.
5 mutual funds made a complete exit from 9 midcap stocks in April. Check details
Mutual funds exited nine midcap stocks in April. SBI Mutual Fund sold Uno Minda and Dabur India. Kotak Mutual Fund divested FSN E-Commerce. Nippon India Mutual Fund exited Havells India and Meesho. Quant Mutual Fund sold Dabur India, SBI Cards, and Lenskart Solutions. ICICI Prudential Mutual Fund sold Tube Investments and Tata Communications.
Petrol and diesel prices in India increased by 3 per litre, with CNG rising by 2 per kg. This hike aims to offset losses from rising crude oil prices, but concerns about its impact on retail inflation persist, especially in sectors like agriculture and transportation.
Income Tax return filing for AY 2026-27 begins: Check who can file ITR-1 and ITR-4
ITR filing for AY 2026-27 begins as the Income Tax Department enables Excel utilities and online filing for ITR-1 and ITR-4 on the e-Filing portal for eligible taxpayers in the country.
Gold price today: Gold rates dropped on the MCX on Friday morning amid a stronger US dollar, driven by elevated crude oil prices. International gold prices declined to an over one-week low, looking set for a weekly decline.
Flexi cap mutual funds attracted a record Rs 10,147 crore in April, despite moderating equity inflows and market volatility. Experts suggest this reflects investor trust in fund managers for flexible allocation across market caps, rather than caution. This category is also seen as a strong starting point for new investors.
In May, Indian consumers experienced a significant rise in fuel prices, with petrol and diesel increasing by 3 per litre, the first hike in four years. CNG prices also rose by 2 per kg, reflecting the impact of escalating global crude prices due to the West Asia conflict.
Best aggressive hybrid mutual funds to invest in May 2026
Hybrid mutual funds, particularly aggressive hybrid schemes, are recommended for their resilience in volatile markets. These funds balance equity and debt, offering wealth creation potential with reduced risk. Experts suggest these schemes for conservative equity investors seeking long-term financial goals, highlighting their mixed portfolio and tax advantages.
Petrol, Diesel Price hike news LIVE: Petrol and diesel prices across India were raised by 3 per litre on May 15, pushing fuel costs higher in Delhi, Mumbai, Kolkata, Chennai and other cities. The hike comes amid surging global crude oil prices and rising geopolitical tensions in West Asia.
Focus on the horizon: Bajaj Finserv's Nimesh Chandan sees Nifty at 27,000 despite volatility
As markets swing on global headlines, Bajaj Finserv AMC CIO Nimesh Chandan says investors should focus on long-term trends, not noise and sees the Nifty heading to 27,000.
Petrol and diesel prices increased by 3 per litre after four years without revisions. Petrol now costs 97.77 in Delhi, while diesel is 90.67. Prices vary by city, with significant increases attributed to rising global energy costs amid geopolitical tensions.
Clarity Act clears key Senate hurdle: What it means for crypto users, stablecoins and exchanges
The Senate Banking Committee advanced the Clarity Act, establishing cryptocurrency regulations. With bipartisan support, the bill aims to create transparency in crypto transactions and anti-money laundering rules
How to combine investment styles through factor investing
Factor funds are aligned to indices that are variation of regular indices, but with a specific investment trait
Clarity Act: Long-stalled Crypto market bill wins key Senate committee vote
The Senate Banking Committee advanced a landmark digital asset market structure bill Thursday after months of negotiations, signaling fresh momentum for the long-stalled measure.
EPF account inoperative? Here's what EPFO members can do to access their account Stepwise guide
Worried about inoperative EPF account? Here's a breakdown of how the Employees' Provident Fund Organisation categorises such accounts, how the funds can be redeemed and what steps members can take to recover it.
Mismatch in ITR? Here's how to address and correct it online
The Income-Tax department can issue notices for discrepancies in tax returns. A notice doesn't imply trouble but may require correction. Taxpayers should verify notices online and respond promptly with necessary documents to avoid penalties.
I asked ChatGPT: How should I spend my first salary? AI gave me the most underrated advice
ChatGPT advises young professionals to avoid lifestyle inflation and focus on building financial systems. Key habits include increasing investments with salary hikes, avoiding fixed obligations, and prioritising income expansion.
Emergency Fund Rule: How much cash should you keep in reserve to protect SIP and FD investments?
Many people mistake a reserve pool for a short-term investment or misinterpret a credit card limit for a buffer.
Delaying SIP by 10 or even five years can have significant impact on your final corpus a difference of as much as 5 crore in the final value. Here's a look at how much wealth 5,000 per month in SIPs over varying number of years, can generate for you
Retail participation in F&O trading is on the rise. However, individual traders keep losing significant sums of money, whereas institutions earn through algorithmic strategies. Here's how traders can stay ahead in the game, as advised by ClearTax CEO Archit Gupta.
Sukanya Samriddhi Yojana returns explained: What yearly investments can grow into
The Sukanya Samriddhi Yojana account is presently providing 8.2% earnings per period, calculated yearly
Public Provident Fund vs Fixed Deposits vs SIPs: Which one should a first-time investor start?
PPF vs FDs vs SIPs: A first-time investor's choice should depend on your particular financial situation and future goals. Take a look below to assess, which works best for your lifestyle and planned retirement targets
Turning 60? Here are the top 5 health insurance plans for senior citizens in 2026
Senior citizens' health insurance plans should offer better claim support, chronic illness coverage, restoration benefits and flexible features. These 2026 plans will help protect the elderly against rising healthcare costs.
The 8th central pay commission is consulting with stakeholders to gather input for its recommendations. Meetings are scheduled across various states and territories to collect feedback. Here's what some of the biggest employee groups are demanding
AlphaGrep Mutual Fund files draft papers with Sebi for its first multi-asset allocation fund
AlphaGrep Mutual Fund has filed draft documents with SEBI for its first scheme, the Multi Asset Allocation Fund. The open-ended fund will invest across equity, debt, commodities and derivatives, aiming to generate long-term capital appreciation through a diversified, rules-based portfolio.
How the deemed residency rule can hurt NRIs in some West Asian countries
If Indian-source taxable income from property sales, equity gains, dividend or interest crosses 15 lakh in any financial year, deemed residency kicks in and every treaty benefit disappears.
Mirae Asset Mutual Fund announces launch of hybrid long-short fund under Platinum SIF
Mirae Asset Mutual Fund has launched the Platinum Hybrid Long-Short Fund under its Platinum SIF platform. The interval investment strategy will invest across equity, debt and derivative instruments, aiming to deliver risk-adjusted returns through arbitrage, collar strategies and high-quality debt exposure across market cycles.
Six equity mutual funds received inflows of over Rs 7,000 crore each in April, led by Parag Parikh Flexi Cap Fund and Nippon India Small Cap Fund. Strong investor participation boosted assets under management across flexi-cap, mid-cap, hybrid and small-cap categories during the month.
Nikhil Kamath proposed a gold-backed stablecoin to monetize idle gold in Indian households. CoinSwitch's Ashish Singhal noted existing global products but highlighted challenges with India's gold, including regulation, trust, and storage of non-standardized gold assets.
Where are mutual funds placing their bets? A look at Aprils sectoral trends
Mutual funds increased exposure to capital goods, NBFCs, utilities and logistics in April, while trimming weights in technology, banks and healthcare. Private banks remained top holdings despite marginal moderation in allocations.
7 mutual funds make complete exit from 18 smallcap stocks in April. Check details
EPFO deadline alert: File April 2026 ECR, deposit PF dues by 15 May to avoid penalties
The EPFO ECR filing deadline reminder urges employers to submit the April 2026 returns and deposit provident fund contributions by 15 May to avoid penalties, interest charges and compliance issues.
Mutual funds raise cash holdings by Rs 12,700 crore despite market rebound in April
Mutual funds boosted cash holdings by over Rs 12,000 crore in April, reaching Rs 1.98 lakh crore. This occurred even as Indian stock markets like Nifty 50 and Sensex saw significant gains. Several fund houses increased their cash positions, while others reduced them. SBI Mutual Fund held the largest cash reserves.
India has increased import tariffs on gold and silver to 15%, up from 6%, to reduce imports and protect foreign exchange reserves. This tariff increase led to a nearly 6% price surge in both metals, impacting demand for gold jewellery and prompting investors to consider silver as an alternative.
Income isnt wealth: The silent trap of high-flying executives
High income, high lifestyle, zero strategy. Why even top executives with stellar careers often fail at wealth creation and how misplaced confidence and poor execution derail financial futures.
Mirae Asset launches SIF-based Platinum Hybrid Long-Short Fund key details explained
Mirae Asset Mutual Fund has launched the Platinum Hybrid Long-Short Fund under the SIF category, offering conservative investors risk-adjusted returns through hedged equity, arbitrage and debt exposure in the country.
Gold and silver prices fell in India on 14 May amid key global developments. MCX gold futures slipped 0.37% to 1,62,270 per 10 gm, while silver futures dropped 1.61% to 2,96,160 per kg. Markets remained focused on the Trump-Xi summit, the new US Fed chair, and oil market volatility.
Chief Minister Suvendu Adhikari announced that the cabinet will discuss Dearness Allowance and the Seventh Pay Commission on May 18. A recent 4% DA increase brings it to 22%, but state employees still lag behind central staff due to differing pay commissions.
Warren Buffett flags three dangerous trends for investors in 2026: Thats not investing
Warren Buffett cautioned against the growing trend of gambling in investing as markets reach record highs, citing excessive greed driving asset prices. He pointed to the rise of one-day options trading and prediction markets as alarming developments that misprice securities.
The Bihar government has approved a Dearness Allowance increase for state employees and pensioners, raising it by 5 percentage points for the 6th Central Pay Commission and by 9 points for the 5th, effective January 1, 2026. This is a key financial decision by Chief Minister Samrat Choudhary.
Pharma, NBFCs see fresh mutual fund buying in April
Indian fund managers focused on defensive stocks in April. Pharmaceuticals saw increased investment due to opportunities like the semaglutide patent expiry. NBFCs and asset management companies also received attention. PNB Housing Finance was added as funds shifted towards retail lending. This strategy reflects concerns over oil prices and West Asian geopolitical tensions.
Social Security raise in 2027? New forecasts signal a higher COLA than earlier expected
New inflation data suggests a possible 4.2% increase in Social Security COLA for 2027, up from 3.2%. Rising costs of essentials have led to revised projections by analysts and advocacy groups, highlighting a significant loss in purchasing power for beneficiaries since 2016.
Sebi plans broader use for intraday borrowing by MFs
The Securities and Exchange Board of India, Sebi, is proposing changes to how mutual funds use intraday borrowing. Currently limited to redemption payouts, Sebi wants to allow these borrowings as a cash management tool. This aims to improve fund management flexibility and returns by addressing timing mismatches in fund outflows and receivables.
Locked EPFO account? Here's why it happened and how you can recover it
See an EPF account locked message when you try to log into your employee provident fund. This can happen due to multiple reasons. Here's what steps EPFO members can take to resolve the issue and access their account
Why is the EPFO launching a new website? Here's all you need to know about E-PRAAPTI portal
The EPFO is all set to launch a new web portal soon, known as the E-PRAAPTI, to help members recover their old and inoperative employee provident fund accounts. Here's all you need to know
I asked ChatGPT how to build fintech startup in 5 years on 10 LPA job: AI didn't sugarcoat anything
A Bengaluru tech professional sought a realistic startup plan from ChatGPT. The advice emphasised using a stable job as financial capital, maintaining low fixed expenses and focusing on genuine problems over trendy ideas.
Income-tax rules: Here's how capital gains generated from digital, paper (which includes gold ETFs, gold mutual funds and sovereign gold bonds) physical and inherited gold are taxed for residents and NRIs.
ITR filing 2026: Sold property at a loss? Heres how you can claim income tax relief this year
Property sales can sometimes result in capital losses due to various reasons. Taxpayers are allowed to set off such losses against capital gains. Both short-term and long-term losses can be carried forward for up to eight years. Full details here.
Public sector lender Canara Bank on Tuesday (12 May) hiked its MCLR rates by 5 bps. We explore how this increase will likely impact borrowers' repayments for car loans, home loans and personal loans.
PPF extension vs phased withdrawals: What should investors choose after account maturity?
After a PPF account matures, investors can withdraw the corpus, extend it for five years, or make phased withdrawals. Choices depend on financial goals and liquidity needs. Details here.
8th Pay Commission consultations are gaining pace, with stakeholder meetings, regional visits, and an extension of the memorandum deadline, as central government employees and pensioners await updates on salary and pension revisions.
To file an FIR for a cybercrime involving elderly parents or family members, swift evidence collection, online fraud reporting and bank notification are crucial. Quick action will help minimise financial losses and protect the victim's rights.
The NC-JCM, led by Shiv Gopal Mishra, submitted a 51-page memorandum to the 8th CPC, proposing salary hike, increased minimum pay and expansion of family units for salary calculations from 3 to 5 to reflect current realities.
Sebi proposes to ease borrowing norms for mutual funds
The regulator is now considering allowing intraday borrowing for a wider set of uses, including meeting trade settlement obligations, forex transactions, derivative margin requirements, and other liquidity needs
Pension amount for elderly, widows under NSAP unchanged since 2012; inflation makes it worse
When adjusted to the current Consumer Price Index (CPI), a pension of 200 should cost 353 to retain its original purchasing power.
