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ULIP income tax rules explained: Exemption criteria and how to report gains in ITR
The Union Budget 2025 expands the tax rules for ULIPs. Now, ULIPs with premiums beyond 10% of policy value are taxable. Maturity proceeds for policies issued from 1 February 2021 are no longer tax-exempt, unless received after an investor's death.
EPFO 3.0 update: UPI and ATM-based PF withdrawals, limits, rollout timeline and key changes
EPFO 3.0 will enable UPI and ATM-based PF withdrawals, increase limits, speed up claims processing and simplify access to provident fund savings. Here are the latest updates, recent developments and upcoming changes.
ITR filing AY 2026-27: Complete guide to income tax slabs for senior and super senior citizens
Under the Income Tax Act, a senior citizen is defined as a resident individual aged 60 years or older, but less than 80 years during the previous year. A super senior citizen is a resident who is 80 years of age or older. Here are the income tax slabs applicable to senior and super senior citizens.
US-Iran peace deal: Is it time to reduce gold & US fund exposure? Experts answer
The US-Iran peace agreement has eased concerns around oil prices and currency volatility. Experts say investors should review allocations to gold and international funds, but avoid making abrupt portfolio changes.
Why chasing last year's top-performing mid and small-cap funds keeps investors one step behind
The market's top-performing segment doesn't follow a rotation you can predict or systematically exploit. Large-caps lead one cycle, small-caps dominate the next, mid-caps have their moment - and none of it arrives on a schedule you can front-run by looking at last year's returns.
MCX gold rate today for August futures contracts was trading 0.09% higher at 1,53,060 per 10 grams. MCX silver futures, on the other hand, were trading 0.4% lower at 2,51,130 per kg. Check the retail rates in your city.
Education loan rates June 2026: Compare SBI, PNB, ICICI, HDFC and other banks before you apply
Rising education costs make choosing the right education loan crucial. Compare Education loan rates for June 2026 from SBI, HDFC, ICICI and other banks to reduce borrowing costs and plan repayments.
Super 30 founder Anand Kumar launches free global learning platform Super Infinity
Education costs are rising rapidly. To ensure their children receive a good education, parents take out personal loans and fall into debt. Anand Kumars Super Infinity offers free maths lessons, exam preparation and innovative learning tools to help students succeed without added financial burden.
Nischa Shah left 200,000 banking career to build a $1 million YouTube business- here's her story
Nischa Shah walked away from a high-paying career, gave up a six-figure bonus and turned a YouTube side hustle into a business generating more than $1 million annually.
Planning a family vacation in India during June requires carefully balancing the desire for pleasant weather against the reality of the Indian monsoon.
Sebi revamps ETF trading rules, introduces dynamic price bands from September
Sebi has introduced a new framework for ETFs, replacing fixed price bands with dynamic limits and revising base price calculations. The changes aim to improve price discovery, better reflect underlying asset movements and enhance trading efficiency across equity, debt and commodity ETFs.
Gifting money to an NRI child: how is TCS calculated under LRS, and can you claim a refund?
A 25 lakh gift to an NRI daughter is tax-free in her hands, but the remittance may attract TCS under LRS. Here's how the rules differ for overseas and NRO transfers.
Sebi proposes changes to ETF base price, price band rules
India's markets regulator, SEBI, is proposing new rules for exchange-traded funds. These changes aim to bring the trading price of ETFs closer to the actual value of their underlying assets. SEBI is looking at how ETFs are priced for trading, with new methods for setting price bands. This move could impact how investors trade ETFs in the future.
Got your Form 16 from employer? Here's what you should check before filing ITR
Form 16 forms the basis of income reporting in ITR. It is important to verify the details mentioned in it, including total income, tax deducted at source, exemptions, and deductions claimed during the financial year.
Can EPFO recover PF money after employers violation? Telangana HC delivers key ruling
The Telangana High Court has ruled that EPFO cannot recover provident fund dues from an employee for an employer's alleged violation of EPF rules. The court said liability for transferring PF accumulations after surrender of the exemption rests with the employer and trust.
Why salaried taxpayers should not file ITR without Form 16: Key risks explained
According to Mrinal Mehta, Joint Secretary at Bombay Chartered Accountants' Society, while filing without Form 16 is legally permissible, it can expose taxpayers to several reporting risks if proper precautions are not taken.
China vs Russia I asked Gemini which international solo trip is best under 1.5 lakh
If you want a trip where you can easily afford comfortable hotels, take high-speed trains across the country, eat wherever you want, and still have cash left over, choose
Section 143(2) explained: Why the Income Tax Department may scrutinise your ITR this year
Sharp clarity on Income Tax scrutiny notices under Section 143(2) shows how returns are selected for verification, deadlines for notices, and compliance checks ensuring accurate tax filings and documentation. Check complete details now.
RBI flags rising money mule fraud: Why sharing your bank account can be dangerous
Banks and regulators are warning about the risks of money mule accounts in online fraud as digital transactions rise. The RBI advises customers to safeguard their accounts and be cautious of suspicious requests, as fraud cases remain a significant concern in the banking sector.
Money-market fund vs short-duration fund: Where to park your cash and why
Money-market funds primarily invest in short-term instruments maturing within one year, while short-duration funds invest in a mix of debt securities and money-market instruments with a portfolio duration of 1 to 3 years.
Bandhan Small Cap among 5 smallcap mutual funds that deliver over 20% annualised return in 3 years
Why FCNR deposits at 6-7.1% rates are attractive for NRIs
For most NRIs, the right way to use this window is to use their disposable savings to make a deposit for three to five years and leave the leverage to those equipped for its risks.
Investing in passive mutual funds? Beware of these 7 misconceptions before investing
Passive investing has grown rapidly, but common myths continue to mislead investors. Lower costs do not guarantee better tracking, passive funds are not risk-free, and diversification depends more on index selection than simply owning multiple funds or choosing ETFs.
Real-time lending: Why modern digital infrastructure is the future of credit
The lending industry is shifting to real-time infrastructure to meet borrower demands for speed and data security. APIs and modern platforms enable quick access to financial data, enhancing risk management and customer experiences.
Today marks the final day for stakeholders to submit their memorandum to the 8th Pay Commission. Major proposals include increasing gratuity payouts to 75 lakh and a revised calculation formula for government employees.
EPF Interest 2026: When will 8.25% interest be credited to your account?
Subscribers can track whether the annual interest has been credited through the EPFO passbook portal by logging in with their Universal Account Number (UAN).
Mutual funds reduce cash allocation by over Rs 10,000 crore to Rs 1.87 lakh crore in May
Mutual funds reduced cash holdings by over Rs 10,000 crore in May to Rs 1.87 lakh crore, representing 4.24% of total assets. Equity AUM saw a monthly increase of Rs 46,274 crore, reaching Rs 44.25 lakh crore. PPFAS Mutual Fund led with the highest cash allocation at 17.67%.
Crude oil near $80 per barrel: Could India see a drop in petrol, diesel and LPG prices?
WTI crude oil drops to around $80 per barrel today, while Brent crude falls nearly 4% to around $83.82 per barrel. However, key questions remain. Could India really see a fall in petrol, diesel and LPG prices following this development?
FD holder dies without nominee or will? Heres how families can claim the money
A missing nominee or will can delay access to savings. Understand how legal heirs can claim fixed deposits, the documents required, and the process banks follow after a depositor's death.
What are mutual funds buying? ICICI Bank, Lenskart, Gujarat Gas among top picks
Mutual funds increased exposure across a mix of banking, digital and energy stocks in May. Here's a look at the large-, mid- and small-cap names that attracted the highest inflows.
Average maturity shows when the fund's underlying bonds are expected to mature, macaulay duration indicates how long it takes to recover the investment through cash flows, and modified duration measures how sensitive the fund's NAV is to changes in interest rates.
Home loan rates start at 7.15% this June 2026, giving borrowers a chance to cut borrowing costs by carefully comparing lenders, charges, repayment options and loan features.
Quant Small Cap Fund: Adani Enterprises, Apollo Tyres and NBCC among stocks bought and sold in May
Mutual funds add or exit stocks to actively manage their portfolios and generate good returns. Here is what Quant Small Cap Fund bought and sold in May, according to the monthly portfolio disclosed by Quant Mutual Fund.
Silver and gold ETFs rally up to 8% as US-Iran peace deal boosts sentiment. Should you invest now?
Gold and silver ETFs rose up to 8% as precious metal prices surged following optimism around a US-Iran peace deal. Analysts advise continuing SIPs and limiting gold exposure to 1015% of portfolios, while using market dips to accumulate. Rising geopolitical stability and inflation concerns continue to support precious metals.
Parag Parikh vs HDFC Flexi Cap Fund: Returns, risk, expenses, and portfolio holdings compared
Parag Parikh Flexi Cap Fund currently leads the category with an AUM of 1.41 lakh crore, followed closely by HDFC Flexi Cap Fund at 1.01 lakh crore. While HDFC outperformed across the 1-year, 3-year, and 5-year periods, Parag Parikh Flexi Cap Fund delivered better returns over the 10-year horizon.
Mutual fund investing: 5 key ratios to check before choosing a fund
Returns alone don't tell the full story of a mutual fund. Here's how alpha, beta, Sharpe ratio and other key metrics can help investors assess risk and performance.
Flexi cap fund inflows dropped 49% in May to Rs 5,175 crore after Aprils record surge, reflecting broader moderation across equity categories. Experts attribute this to profit booking and global uncertainties, not a structural shift. Investors are advised to continue SIPs, as long-term fundamentals and category preference remain intact.
Book profits or stay invested at market highs? Historical data may settle the debate
The analysis of 25 years of rolling market data suggests that remaining fully invested in equities gave better long-term returns rather than systematically transferring gains to debt after reaching pre-defined profit targets or market highs.
Gold prices rose on 15 June due to optimism following a US-Iran peace deal. MCX gold for August futures increased by 1.71% to 1,53,490 per 10 grams, while silver rose 0.94% to 2,53,520 per kg amidst volatile equity markets.
Best aggressive hybrid mutual funds to invest in June 2026
Hybrid mutual funds, particularly aggressive hybrid schemes, offer resilience in volatile markets due to their balanced equity and debt portfolios. These funds are recommended for conservative equity investors seeking wealth creation with reduced volatility. Regular profit booking and tax advantages further enhance their appeal for long-term financial goals.
8th Pay Commission developments: Key updates include consultation visits, an extended memorandum deadline and stakeholder outreach across multiple states. Here are the latest updates from the official website.
8th Pay Commission: 15 June marks key compliance deadlines, including the submission of memoranda, advance tax payments and Form 16 issuance affecting employees, pensioners and taxpayers.
NRIs who become tax residents in India can defer tax on foreign retirement accounts until withdrawal by filing Form 40. This applies to accounts in the US, UK, Canada, and Australia, and offers relief from accrual taxation. Details here.
Tax-free income in India: 5 sources every taxpayer should know about
Certain income types are exempt from taxation under the Income Tax Act, helping taxpayers minimize their tax liabilities. Here are some options you can consider.
ICICI Lombard warns that car insurance claims for damage from E20 fuel in older, non-compatible vehicles may be rejected, as such usage could be seen as negligence. Details here.
Can mutual fund gains be used to repay a home loan and claim Section 54F exemption?
Home-loan repayment is not eligible for Section 54F relief, if the property was purchased outside the prescribed time window.
A working professional seeks a practical Work-From-Anywhere experience for a month-long family vacation in India. ChatGPT suggests 5 suitable destinations, recommended based on work and family needs.
What makes UIDAI's new Aadhaar app different from mAadhaar? Do you need to transfer data manually?
The mAadhaar app will be replaced by a new Aadhaar app, launched on January 28, 2026, to enhance privacy and control over data. Here's what makes the new app different and whether you need to transfer data manually.
New fund offer: Only 1 SIF will open for subscription this week. Check details
Corporate burnout is real: Can I afford to take a one-year sabbatical? I asked ChatGPT
Corporate burnout motivates considering a sabbatical. I asked ChatGPT if I should go for it.
As of June 14, 2026, senior citizens over 60 can access higher FD interest rates, with extra benefits for those over 80. Various banks offer additional rates.
HDFC Balanced Advantage among 11 equity mutual funds that saw outflows of over Rs 300 crore in May
Eleven equity mutual funds, including HDFC Balanced Advantage Fund, saw outflows exceeding Rs 300 crore in May, according to ACE MF data. A total of 267 equity-oriented schemes reported outflows, reflecting selective investor withdrawals despite a broad universe of 742 funds, with large-cap and hybrid categories prominently affected.
IRDAI has issued guidelines on Migration and Portability for health insurance, allowing policyholders to transfer benefits between insurers or within the same insurer, ensuring continuity of waiting periods and accrued bonuses under certain conditions.
Foreign Portfolio Investors (FPIs) influence Indian markets but their control has diminished. Increased domestic participation has reduced reliance on foreign capital, allowing the market to remain resilient even during significant FPI outflows in recent years.
Use the 3/20/30/40 rule for home loans to buy a house without straining your finances
Avoid costly borrowing mistakes with the 3/20/30/40 rule for home loans as a guide to efficient home loan planning. This simple framework helps homebuyers manage EMIs, reduce debt burden and maintain long-term financial stability. It is prudent to consult a financial advisor while planning a loan.
10 lakh lump sum vs 10,000 SIP for 100 months - which built a bigger corpus?
Investors often compare lump sum investing and SIPs for wealth growth. A lump sum involves a single, large investment, while a SIP allows regular, smaller contributions. Lump sum may be ideal for large sums, while SIPs benefit those who invest gradually from salaries.
On June 14, gold prices in India remained stable, with 24-karat gold at 150,900 per 10 grams. Silver saw limited movement, with 999 Fine priced at 247,630 per kg. Prices reflected Friday's closing levels as the MCX remains closed on weekends.
The real cost of parenthood? Man says he spent nearly 4 lakh before daughter turned 6 months
According to Chakravarty, expenses begin immediately after pregnancy is confirmed, with regular doctor visits, scans, blood tests and medicines. He estimated that medicines and supplements alone cost his family between 1,500 and 2,000 per month during the pregnancy period.
Home loan insurance adoption jumps 7X in 5 months: What's driving India's borrowers to sign up?
Home loan insurance adoption has surged sevenfold recently, driven by borrowers seeking to protect families from loan liabilities. Most purchasers are aged 31-45, primarily salaried professionals.
As global capital chases AI, are Indian large caps valuations now attractive?
Driven by a bruising $30-billion foreign institutional sell-off, the Nifty 50 has dropped back into its historical valuation average, potentially opening up rare entry points for long-term investors, experts told Mint.
Eligible nominees for EPF include spouses, children, and dependent parents. Members without families can nominate others, but the nomination becomes invalid if the member later acquires a family.
The 8th Pay Commission's discussions focus on the fitment factor, crucial for salary hikes for central government employees in India. The report submission may extend to July 2027, with a potential multiplier between 2.28 and 3.83 affecting over 1.1 crore beneficiaries.
Why starting your SIP at 25 can build far more wealth than waiting until 35
Start early, build more wealth. This investment planning example shows how the power of compounding helps long-term investing create a significantly larger corpus, even with modest monthly SIP contributions. Understand this concept today to ensure meaningful wealth creation in your life ahead.
India's cost-of-living gap is widening, with Maharashtra's monthly expenses averaging 52,392, while Himachal Pradesh and Bihar remain affordable under 28,000. Economic opportunities vary significantly, influencing household budgets and lifestyle choices across states.
Bank holiday next week: SBI, HDFC, others closed on this day between June 14 and June 21; check here
Private and public sector banks in India will be closed for two days between 15 June and 21 June 2026 due to holidays specified by the RBI. Preparedness is essential for customers planning visits, though online banking services remain available during the closure.
Multiple loans and EMIs? Here's how to know if your debt is still under control
The key issue is not simply whether EMIs are being paid on time. Instead, it is whether your overall financial framework has enough resilience to withstand unforeseen setbacks.
Should a housewife file income tax return? How does it work?
Homemakers are not salaried employees, they may still earn income from various avenues
Want to transfer your home loan? Things to consider before proceeding
Under the refinancing of existing mortgage, a new financial institution clears your current debt and assumes the remaining unpaid principal
A 25-year-old Redditor shared his struggle to recover from 70 lakh debt incurred from a failed restaurant, where expansions to the business led to increasing debt. He turned to netizens seeking advice on the way forward
ChatGPT's recommended itinerary proved that a three-day summer escape to Manali doesn't have to cost a fortune. It offers a balance between affordability and memorable experiences.
Income-tax returns: For taxpayers filing ITR for business income using the ITR-4 form, i.e. Sugam form, we explain the tax department's rules on choosing or changing between the old vs new tax regimes.
A 10% salary hike may significantly increase gross income, but post-tax gains can be considerably lower due to deductions. Various income levels illustrate this impact, revealing hidden tax liabilities that erode take-home pay, especially for higher earners and around the rebate cliff.
9 equity mutual fund categories attract inflows in May; flexicap funds lead the pack
Equity mutual fund inflows fell 40% in May to 22,907 crore. Flexicap, smallcap and midcap funds remained investor favourites, while ELSS and dividend yield funds recorded net outflows.
HDFC Flexi Cap Fund among 8 equity mutual funds that saw inflows of over Rs 1,000 crore in May
Equity mutual funds continued attracting strong investor interest in May, with eight schemes receiving over Rs 1,000 crore each. HDFC Mid Cap Fund led inflows, while smallcap and midcap funds remained popular.
Parag Parikh Flexi Cap Fund : ITC, HDFC Bank and Cipla among stocks bought and sold in May
Parag Parikh Flexi Cap Fund, India's largest active mutual fund, increased exposure to several banking and IT stocks in May, trimmed its holding in Cipla, and maintained a 14.77% cash allocation.
As crypto futures trading gains traction in India, traders are departing from traditional strategies. Nischal Shetty of WazirX highlights the operational differences, benefits, and risks of futures
HDFC Defence Fund adds Tata Motors, reduces exposure in MTAR Technologies and 1 other in May
HDFC Defence Fund added Tata Motors to its portfolio in May while trimming holdings in MTAR Technologies and Rishabh Instruments. The fund increased exposure to key defence-linked stocks, including Bharat Electronics, Bharat Forge, Bharat Dynamics and Mazagon Dock, reflecting sector-focused conviction
How much should I spend to buy my first car as a 25-year-old? I aksed ChatGPT to do the math
At 25 and earning 60,000 a month, prioritize financial security when buying your first car. Aim for a price within 68 lakh and a loan of 45 lakh over 45 years. Maintain savings and consider prepayment as your income rises to save on interest.
Foreign Portfolio Investments (FPIs) and Foreign Direct Investments (FDIs) differ in ownership and strategy. FPIs are short-term, focusing on financial assets, while FDIs involve long-term commitments to physical assets.
The Himachal Pradesh government, led by Chief Minister Thakur Sukhvinder Singh Sukhu, on Thursday announced that state employees will now receive 100 per cent of their salary while on study leave for higher education.
Gold, Silver Rate Today: Here is how much gold and silver costs in key Indian cities on Saturday, 13 June 2026. Check the price of 18K, 22K and 24K gold and 999 Fine silver in Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, and Mumbai.
8th Pay Commission: 10 lakh interest-free car loan, festival bonus among new demands Details here
Discussions on the 8th Pay Commission have sparked interest, as NC-JCM proposes new advances for salary revisions. Key proposals include a vehicle advance of up to 10 lakh and restoring the Natural Calamity Advance
SpaceX allocated a record 20% of its IPO shares for retail investors, driving strong first-day trading. Experts felt that retail buying was what pushed SpaceX shares 19% on their first day of trading.
Earning FD interest? Why you should submit Form 121 TDS provisions explained
A bank deducts 10% TDS if the interest payable on a customers fixed deposit exceeds 50,000 ( 1 lakh for senior citizens) in a financial year. A customer must submit Form 121 to avail a TDS exemption. However, interest must still be declared at the time of filing the ITR.
SpaceX's IPO valued the company at $2 trillion, making it the sixth-largest U.S. company and turning Elon Musk into the first trillionaire. Investors are optimistic about its potential but face volatility as SpaceX is unprofitable with a price-to-revenue ratio of 112.
29-year-old laid-off MNC employee with 5 crore net worth asks: Should I be satisfied?
The Redditor shared that his personal net worth stands between 5 crore and 6 crore, while his wife's assets are worth approximately 2 crore. He added that his wife, who earns 40,000 per month, has reassured him that she would stand by him during this period.
Are you drowning in multiple EMIs? Debt consolidation can simplify repayments, improve cash flow, reduce missed payments, strengthen financial discipline, and help borrowers build healthier long-term debt management habits.
5 powerful money lessons I learned from the worlds first trillionaire, Elon Musk
Elon Musk faced severe challenges in 2008 with SpaceX and Tesla but remained dedicated to his long-term vision. Similarly, consistent investments create more wealth than chasing quick gains, highlighting the importance of a long-term approach to investing.
