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With the July 31 deadline approaching, only a small percentage of taxpayers have filed their returns. Cleartax CEO Archit Gupta warns against assuming an extension this year, as slower filing rates could lead to increased pressure before the due date.
Income-tax returns: Today we explain the circumstances under which taxpayers can appoint authorised representative, the requirements, eligibility criteria and other important factors.
ITR 2026: Senior citizens can claim 50,000 deduction even without health insurance Here's how
The income tax return filing deadline is approaching, prompting taxpayers to gather documents. Section 80D allows senior citizens without health insurance to claim up to 50,000 for medical expenses, available only under the old tax regime.
Bought US startup shares using overseas savings? Here's how India will tax it
A returning NRI who invested overseas savings in a US startup may not face tax on the purchase itself, but discounted acquisitions and annual foreign asset disclosures can trigger tax and compliance obligations.
EPFO: Taxation rule on Voluntary Provident Fund the 2.5 lakh VPF threshold, explained
VPF allows employees to contribute more than the mandatory EPF rate for a larger retirement corpus. Contributions over 2.5 lakh face taxation on excess interest. VPF matches EPF's interest rate and qualifies for tax deductions under Section 80C, with specific withdrawal conditions.
A Delhi taxpayer was denied a 17 lakh tax refund due to late e-verification of his ITR while caring for his ill father. ITAT ruled that denying the refund on technical grounds violates Article 265 of the Constitution, leading to a ruling in his favor.
HDFC Bank's revised MCLR now ranges from 8.05% to 8.70%, affecting borrowers linked to the one-year or three-year rates. While the overnight rate decreased slightly, other tenures remain unchanged. Details here.
8th pay commission: The All India NPS Employees Federation (AINPSEF) has demanded HRA revision, minimum monthly transport allowance, DA hike, and salary increase for central government employees and pensioners.
Top 5 business cycle mutual funds compared: AUM, returns and portfolio strategy
Business cycle funds aim to capture opportunities across different phases of the business cycle: growth, recession, slump, and recovery. ICICI Prudential Business Cycle Fund is the biggest fund with an AUM of 15,798 crore and has delivered an 18.77% return over the last three years.
DA hike: Kerala is considering a 2% increase in Dearness Allowance for state government employees to be disbursed in their August salaries, ahead of Onam festivities. An official order is awaited.
The income tax department has launched Form 68 under the Income-tax Act, 2025, for specified investment funds to file exempt income statements and claim tax benefits for eligible non-resident investors. Details here.
What is the active share of a mutual fund
Active share measures how different a fund's portfolio is from its benchmark index, expressed as a percentage between 0% and 100%.
Stretching a 35,000 monthly pension requires careful planning, especially in smaller cities like Lucknow and other similar urban areas. A structured budget, pre-built emergency savings, healthcare planning, and low-risk investments can help retirees manage expenses.
Top 5 largecap mutual funds to invest in July 2026
ETMutualFunds has shortlisted the top largecap mutual funds based on mean rolling returns, consistency over the last five years, downside risk, outperformance and asset size. The list includes Axis Large Cap Fund, Canara Robeco Large Cap Fund, Mirae Asset Large Cap Fund, Baroda BNP Paribas Large Cap Fund and Edelweiss Large Cap Fund.
Digital arrest scams cost Indians 4,000 crore since 2022: How fraud works and ways to stay safe
Digital arrest scams have cost Indians more than 4,000 crore since 2022 as fraudsters impersonate government officials to steal money. Check how these scams work, key complaint figures, warning signs, and practical safety tips to protect your savings from the growing threat of cyber fraud.
Gold fever breaks, leaving silver linings for singed investors
As speculative hype fizzles out and global central banks slow their purchases, the sharp drop in gold and silver highlights the danger of trading commodities for short-term gains.
Top 5 money market funds based on 1-year returns: Union Money Market Fund leads with over 6% return
Money market funds invest in money market instruments with a maturity of up to 1 year. Based on one-year performance, Union Money Market Fund has emerged as the best-performing scheme in the category with a 6.63% return, followed by LIC MF Money Market Fund and Bank of India Money Market Fund.
Explained: How to calculate your retirement corpus while accounting for inflation
7 income tax limits every taxpayer should know to avoid notices and penalties
Tax compliance goes beyond filing your income tax return on time. Several provisions under the Income Tax Act, 1961, set limits on cash transactions and high-value financial dealings. Staying within these limits can help taxpayers avoid penalties, scrutiny and unnecessary legal complications.
Twelve equity mutual funds achieved over Rs 1,000 NAV by July 2026. These funds delivered up to 24% CAGR since their respective inception dates. Most schemes have been available for over twenty-five years in the market. Nippon India Growth Mid Cap Fund showed the highest NAV at Rs 4,499.70. These funds represent various categories including mid cap and flexi cap.
PAN-Aadhaar linking for ITR filing: Why it matters and how to complete the process online
PAN-Aadhaar linking is essential for eligible taxpayers to keep their PAN active and avoid disruptions in tax-related services. Taxpayers with unlinked PANs can complete the process by paying the applicable fee through the e-filing portal.
Our inflation and interest rates now depend more on monsoon than crude oil
With crude prices cooling after the West Asia truce, the monsoonand its impact on food inflationmay become the biggest factor shaping RBI's interest rate decisions in the months ahead.
IndiaUK trade deal to make imported Scotch whisky cheaper: Prices may drop 510% for Indian consumers
The IndiaUK FTA is set to come into effect on 15 July. One of the biggest takeaways for Indian consumers is the gradual reduction in prices of imported Scotch whisky and gin. Under the agreement, tariffs on imported whisky and gin will be cut from 150% to 75% initially and further reduced to 40%.
For AY 2026-27, the earlier Other Exempt Income field in Schedule EI has been removed. In its place, the department has now introduced a new reporting option titled Receipts not in the nature of income.
International mutual funds have delivered strong one-year returns, significantly outperforming domestic equity categories. This outperformance is largely driven by global technology stocks and currency depreciation against the US dollar. Experts advise against chasing recent gains, emphasizing long-term asset allocation for international diversification. While international funds show strong recent performance, domestic equity funds remain well-placed for long-term wealth creation.
Gold and silver prices today, 7 July: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.
New EPF Scheme 2026: Know withdrawal frequency limits for essential, housing and special needs
Under the EPF Scheme, 2026, withdrawals have been simplified into three categories: essential needs, housing needs and special circumstances.
Best small cap mutual funds to invest in July 2026
Small cap funds saw significant inflows in May 2026 after a poor 2025. Despite market volatility, advisors suggest staggered investments for long-term wealth creation. These funds invest in companies ranked below 250 by market capitalization. Small cap stocks offer high return potential but also carry considerable risk. Investors should select skilled fund managers and monitor performance during downturns.
Under the EPF Scheme 2026, members must submit a fresh nomination after marriage, as earlier nominations become invalid. While nominating a spouse is optional, updating nominations ensures eligible family members receive EPF benefits without delays or legal complications.
The 8th Pay Commission is reviewing salaries, pensions and allowances for central government employees and pensioners, with the fitment factor remaining the key focus. Experts expect it to range between 1.90 and 2.86.
A management consultant has shared his investment strategy on Instagram aimed at young investors. Here's a look at how he divides his savings into long-term, medium-term, and emergency fund to achieve financial growth.
Income-tax returns: Today we explain what ITR assisted filing is, who is allowed to assist, who is considered authorised representative, the requirements and eligibility criteria and other important factors.
A 14.65 lakh CTC does not necessarily mean you have to pay income tax under the new tax regime. With the right salary structure, employer contributions to EPF and NPS, and the standard deduction, your taxable income can be brought down to 11.99 lakh, making you eligible for zero tax liability.
Mutual funds holding cash: Is high cash balance a red flag for investors? Experts explain
Experts suggest that cash holdings should be viewed as a portfolio management tool rather than a buy-or-sell signal. A fund's investment philosophy, portfolio quality, and long-term performance remain far more important than a single percentage shown in the monthly factsheet.
EPF vs Labour Codes: If basic pay must be 50%, why is PF capped at 1,800?
Payroll rules are changing in India as EPF vs labour codes reshape salary structures and PF calculations. While basic pay norms rise, EPF contributions remain capped at 1,800, impacting take-home pay and retirement planning choices.
Are super top-up plans becoming redundant?
While stacking policies was once the ultimate cost-saving hack for medical emergencies, a shifting market has quietly changed the math for policyholders.
The 8th pay commission has multiple state visits and other meetings scheduled in July 2026, with plans for more consultations with employee groups, unions and stakeholders across states and union territories in due course.
Buying health insurance? One overlooked document can tell you what brochures wont
Irdai-mandated product-wise NL-47 disclosures reveal claim settlement, complaint rates, renewals and more, helping buyers compare health insurance plans beyond brochures and marketing claims.
Employee groups are demanding merger of Dearness Allowance with basic pay to increase monthly salary. Here's what the Finance Ministry has clarified about higher basic pay, changes to salary structure and DA
Gold drops 30%, silver plunges 54% but history shows 2026 correction isnt the deepest yet
Gold and silver have fallen sharply from their record highs in 2026, with gold down about 30% and silver by 54%. However, historical cycles show the current declines are not the deepest, and the time correction is still pending.
EPFO's 1,800 EPF contribution cap explained: Who benefits more employees or employers?
The EPF Scheme, 2026 introduces clearer guidelines on provident fund contributions, capping mandatory payments at 1,800 monthly. While employees benefit from increased take-home pay and flexibility, they may risk a smaller retirement fund if they don't opt for additional voluntary contributions.
A total of 12 equity mutual funds delivered an XIRR of over 15% on SIP investments over the last three years, according to an ETMutualFunds analysis of 255 schemes. Midcap and small-cap funds dominated the list, while just two funds posted negative SIP returns during the period.
Why balanced hybrid funds are back in focus
A balanced hybrid strategy aims to keep the equity-debt allocation closer to a 50:50 mix, providing more stability and limiting downside risk.
How to spot fake websites: PIB Fact Check lists 5 warning signs to watch for
PIB Fact Check suggests that users should verify the URL, ensure the site uses HTTPS, look for the padlock icon, avoid websites with excessive pop-ups or clickbait, check the contact and about pages, and avoid offers that appear too good to be true.
Senior citizen FD rates in July 2026 offer returns of up to 8.50%, with small finance banks leading the market. Compare fixed deposit interest rates, tenures and bank-wise offers across 13 lenders to find suitable options for predictable returns.
Nearing retirement? Here's how to decide between a bank FD and an SWP for monthly cash flow
Nearing retirement and confused between bank FDs and SWPs for monthly income? An expert suggests a balanced approach. Instead of picking just one, combine safe instruments like FDs for immediate expenses with hybrid or equity funds for growth.
ESIC extends Atal Beemit Vyakti Kalyan Yojana till June 2027: Who can claim unemployment benefits?
Atal Beemit Vyakti Kalyan Yojana (ABVKY) under ESIC has been extended until 30 June 2027, allowing eligible ESI-insured employees to continue receiving temporary unemployment allowance during job loss and financial hardship.
NFO Insight: Can AlphaGrep's algorithm-driven multi-asset fund deliver better risk-adjusted returns?
AlphaGrep Mutual Fund has launched its first fund, the AlphaGrep Multi Asset Allocation Fund, employing a unique algorithm-driven approach. This open-ended scheme dynamically allocates capital across equities, fixed income, and commodities, aiming for better risk-adjusted returns with minimal human bias. Experts weigh in on the merits of algorithmic versus traditional multi-asset strategies, highlighting the importance of a long track record and individual investor control over asset allocation.
A 30 lakh annual salary doesn't mean your entire income is taxed at 30%. After the 75,000 standard deduction under the new regime, slab-wise taxation, and a 4% health and education cess, the total tax liability comes to 475,800, resulting in an effective tax rate of just 15.86%.
Investing apps demand scrutiny: Why choosing the right platform is about more than pricing
Smart investing apps promise convenience, but they demand scrutiny. From transparency in fees to clarity in advice, investors must research carefully, verify SEBI registrations and treat apps as tools, not decisionmakers, to avoid costly mistakes.
Gold and silver prices today, 6 July: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.
Best mid cap mutual funds to invest in July 2026
Mid-cap mutual funds have seen a strong rally, leading to investor anxiety about current valuations. While these companies offer potential for future growth, they also carry significant risks, including corporate governance issues. Investors with high risk tolerance and a long-term horizon (7-10 years) are advised to proceed with caution, focusing on regular investments rather than quick gains. Several mid-cap funds are highlighted for their recent performance.
Small-cap funds offer potential for long-term growth but involve significant risks, including volatility and liquidity challenges. Investors should adopt a gradual entry strategy, focus on fund consistency and manager experience, and be aware of unique risks before allocating to these funds.
EPF interest after retirement at 58 continues until 61. Here's right time to withdraw your savings
An EPF account can continue earning interest for up to 3 years after retirement at age 58. Knowing the right time to withdraw your EPF savings helps maximise returns before the account becomes inoperative.
Discouraging investors from blindly chasing returns, Buffett reiterated his view that the stock markets are like a church (long term investments) with a casino (quick, short-term bets) attached and many investors are taking too much risk.
A study by DBS Bank India explored how female earners in the country engage with digital payments, banking, credit and investment platforms and found that over half of the rural women earners now use UPI.
EPF withdrawals are tax-free after five years of service. Before that, TDS applies for amounts over 50,000. Partial withdrawals are allowed with conditions, and claims can be made online or offline.
Bank holidays next week: UPI and bank apps allow 24/7 transactions. Banks will be closed on Sundays and second Saturdays, with online services available during holidays. Customers must verify local branch holiday schedules.
Delhi's new electronic vehicles policy provides 1 lakh scrapping incentive for four-wheeler owners who switch to EVs from petrol and diesel vehicles. We explain how the incentives work and steps to apply
Based on 10-year returns, Nippon India Small Cap Fund emerged as the best-performing diversified equity scheme, delivering a CAGR of 21.81% over the past decade. The rankings also highlight that Quant Mutual Fund had three schemes among the top five performers.
Nifty PSU Bank ETFs: Top 5 funds by AUM and their historical performance compared
Among ETFs tracking the Nifty PSU Bank Index, Nippon India ETF Nifty PSU Bank BeES is the biggest fund with assets under management (AUM) of 4,078 crore. It is followed by Kotak Nifty PSU Bank ETF, while DSP Nifty PSU Bank ETF is the third biggest fund in the category.
Fallen trees, flooded roads, dead batteries: How motor OD cover protects you
Own Damage cover protects vehicles from storms and floods, but payouts shrink sharply without add-ons like zero depreciation. A Mumbai case shows how skipping the fine print can cost thousands in unexpected out-of-pocket repairs.
Today we explore some of the key pension revision demands made by groups and what these could mean for retirees if accepted.
Today we take a look at the top 5 DA related demands made by central govt employee representative groups, unions and stakeholders who collectively represent a large number of staff and pensioners, including defence and railway personnel.
For equity, hybrid, and most debt funds, the cut-off timing is 3:00 PM, while liquid and overnight funds follow different timelines, with a 1:30 PM purchase cut-off and a 3:00 PM redemption cut-off (extended to 7:00 PM for applications received through online mode).
ITR filing 2026: Have a US 401(k) or foreign pension? You may have to file ITR-2
ITR rules for AY 2026-27 make taxpayers with foreign assets, overseas retirement accounts or foreign income ineligible for ITR-1 in many cases. Here's who may need to file ITR-2 instead, the reporting requirements, and what returning NRIs should know before filing their income tax return.
Can delayed ITR e-verification lead to loss of your tax refund? ITAT answers
The Delhi ITAT has ruled that a genuine income tax refund cannot be denied merely because an ITR was e-verified late, if the delay has already been condoned by the Central Processing Centre (CPC). Here's what taxpayers should know.
Axis MF launches Axis Nifty50 Equal Weight Index Fund: Here's what you need to know
Axis Mutual Fund has announced the launch of its Axis Nifty50 Equal Weight Index Fund, an open-ended passive scheme that tracks the Nifty50 Equal Weight TRI. The NFO is open for subscription from 3 July to 17 July, 2026.
Taxpayers can legally take assistance for ITR filing through the Income Tax Department's e-filing portal from three types of professionals or entities. These include Chartered Accountants, e-Return Intermediaries, and Authorized Representatives, each with distinct roles and responsibilities.
Do you need to file an ITR? Check the conditions that make income tax return filing mandatory
Income is not the only factor that determines whether an ITR must be filed. Several other conditions, including high-value transactions, bank deposits, business turnover, professional receipts and foreign assets, can also require ITR filing.
International mutual funds: Only 12 funds still accept fresh SIPs. See the list
Most international mutual funds remain closed after overseas investment limits were exhausted. Here's which schemes are still open and how they've performed over the past year.
Gold and silver prices rose in India last week amid positive global cues. Check retail rates of 24K, 22K gold, 18K, 999 silver in Delhi, Mumbai, Kolkata and other cities.
6 mutual fund NFOs to open for subscription this week. Check dates and key details
Investors have a busy week ahead with six new mutual funds launching. Mirae Asset, NJ Mutual Fund, Edelweiss, and AlphaGrep are introducing a mix of passive and actively managed schemes. These new offerings aim to broaden investment choices, with subscription periods starting as early as July 6th and minimum investments as low as Rs 500. Explore these new avenues for your portfolio.
Gas prices surged, prompting questions about investing in EV stocks like Tesla. However, valuations may not align with sales. Experts advise focusing on long-term EV adoption trends and diversifying investments rather than reacting to short-term fuel price spikes.
EPF Scheme 2026: 9,330 crore still unclaimed in inactive PF accounts
More than 30.9 lakh inactive EPF accounts held 9,330 crore as of March 31, 2026, according to official data. The figures come even as the Centre rolls out the new EPF Scheme, 2026 to simplify provident fund rules and improve digital services.
Study abroad: Is Germany better than US for Indian students? Tuition fees and living costs compared
Germany offers a good combination of affordable education (low or no tuition fees at many top-ranked public universities), scholarships, high-skilled job opportunities after course completion, and a path to residency.
Elon Musk's SpaceX and the vision of off-planet industrialization
Dhirendra Kumar reflects on a compelling conversation with a friend about the future of space mining and manufacturing, suggesting potential shifts in industry that could change life on Earth. For once, he's not telling you to ignore the news.
Tesla and SpaceX have both seen significant declines, impacting Elon Musk's net worth and triggering investor panic. CEO Viram Shah discusses if this is profit-booking or a deeper market re-rating, advising Indian retail investors to assess their positions and remain cautious amid volatility.
Attention parents! Want to start a public provident fund account for your child? Here's how much wealth consistent PPF investment of 5,000 per month will build for their future over the longer term.
EPF-2026 rules: Will your take-home salary increase under the new 1,800 PF contribution cap?
Under the new EPF Scheme, 2026, introduced by the Centre, both employee and employer must contribute 1,800 monthly. This change may increase take-home salaries for higher earners but could decrease long-term retirement funds.
Life Insurance Corporation: How to pay LIC premium online and through app Top FAQs answered
Life Insurance Corporation: For policyholders who choose either annual, bi-yearly, quarterly or monthly basis, here's how you can pay your LIC premium online through app. We also take a look at the top FAQs answered.
The 2026 FIFA World Cup is aiding women hosts in North America to earn from tourism by renting their homes. Many see it as a vital income source amid rising financial pressures, allowing them to cover expenses and invest in personal ventures.
Income-tax returns: Here's how to access and submit your ITR-1 form using the official e-filing portal
Grant Sabatier, author of Financial Freedom, asserts achieving FIRE is increasingly feasible, despite current challenges like inflation and housing costs. For those wanting to retire early, we explore the opportunities
Investors often err by trying to time stock purchases. Stock SIPs allow regular investments in stocks, similar to mutual funds. While they can yield significant returns, they can also backfire.
Market participation is not wealth creation: 5 mistakes retail investors should avoid
Experts underscore that there is a world of difference between rebalancing your portfolio and churning it. The former is good, the latter not.
Investing discipline beats market predictions: Why experts want investors to ignore the noise
Investing should be calm and research-based, not influenced by social media hype. Experts urge investors to validate sources, consider risks, and focus on data. Maintaining discipline and sticking to personal goals is crucial for long-term success in wealth creation.
Can a 15 lakh FD generate 1 lakh annual income? Here's the simple calculation
A 15 lakh fixed deposit can deliver a steady annual income with the right interest rate. See how a 15 lakh FD can generate around 1 lakh yearly, compare current bank FD rates, and understand the impact of taxes before investing.
8th pay commission: The panel will visit various railway departments in Mumbai to gain firsthand experience of employees' working conditions. On the agenda is observation of daily operations, duties and job risks.
