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8th Pay Commission: 18,000 to 69,000? Here's the math behind the demand
Employee unions have proposed raising the minimum basic pay to 69,000 from 18,000. Here's a breakdown of the key calculations behind the demand.
Income Tax: Can you claim bad debt deduction during recovery? ITAT explains
The Ahmedabad ITAT has ruled that businesses can claim a bad debt deduction once the amount is written off in their books and statutory conditions are met, even if recovery proceedings are still pending. The Tribunal also allowed the claim as a business loss under Section 28 of the Income-tax Act.
A stronger credit score starts with smart habits. You can improve your credit score from 600 to 750 by repaying your debt obligations on time, keeping credit utilisation low, avoiding unnecessary applications and checking your credit report regularly for steady financial progress.
EPF withdrawals are tax-exempt after five years of service. Early withdrawals are taxable unless in specific situations. Here's how they are taxed and how to report such withdrawals in ITR.
EPFO discontinues UAN activation on portal: What PF subscribers should know
EPFO has restored its Unified Member Portal after a major upgrade. However, UAN activation and new UAN generation have moved to the UMANG app. Here's everything PF subscribers need to know.
5 red flags investors should watch out for before choosing a financial product
If an investment product promises exceptionally high returns and claims little or no risk to the amount invested, you should consider it as a clear red flag.
Check RBI calendar to know if SBI, HDFC, ICICI, others are open or closed on 4 July. RBI's holiday schedule provides comprehensive detail about non-working days for banks under Negotiable Instruments Act and other under Banks Closing of Accounts in addition to weekend offs.
You can now add, update email to Aadhaar for free: Check how, last date and other details
UIDAI is now allowing people to add or update email IDs to their Aadhaar card directly through the mobile application. The service was enabled on 1 July 2026 and will be free to use for six months.
Temasek Holdings sells 2.37% in PB Fintech via bulk deal
Deal size works out to 1,732.45 crore
Central banks bought 41 tonne of gold in May, says WGC
Poland, China, Uzbekistan and Kazakhstan lead the purchases as Warsaw inches closer to its 700-tonne gold reserves target
The new income tax form initially lacked a section for certain tax exempt receipts. Now, it includes an additional dropdown for Receipts not in the nature of income. Experts decode what this news head means for taxpayers.
BikeWo to acquire 51% stake in PositiEV mobility
The acquisition is aimed at combining Hyderabad-based BikeWos ambitions with PositiEVs expertise in EV distribution, leasing and infrastructure to create an end-to-end platform
Dearness Allowance: DA is revised twice a year by the All-India Consumer Price Index (AICPI) to match cost-of-living. Here's a look at the numbers and whether employees could get 3-4% DA hike this month
I-T dept allows charitable trusts to seek fresh approval post deadline, taxpayers to get 80G relief
The deadline to apply for fresh approval expired on 30 September 2025. Following this, all the applications made by charitable trusts were rejected purely on the grounds of delay in seeking approval. With the latest circular, the I-T department has provided relief to these charities.
Retirement planning involves personalized strategies for investing according to risk appetite and anticipated lifestyle changes. Factors like inflation and healthcare costs must be incorporated into calculating the necessary retirement corpus.
Why reviving the stock exchange on Lyons Range is a tall ask
Metropolitan SE, backed by banks and brokers, struggling to gain market share
Chinese firms crash Indias power party as Nifty hits three-day high
Nifty 50 closed at 24,270.85, up 95.15 points, while BSE Sensex rose 261.79 points to 77,763.91
Employees' Provident Fund Organisation: We take a look at the top four reasons an EPF subscriber's claim for their employees' provident fund may be rejected. Check the reasons here, explained.
4 small-cap schemes delivered over 30% in 3 months. Do you own any?
The small-cap mutual fund category returned an average 22.41% in the past three months, outperforming the Nifty Smallcap 250 TRI. Four schemes delivered over 30%, but only one has a track record that extends beyond five years.
Artha Bharat launches GIFT Citys first physical gold fund with option of gold bar redemption
The launch is also positioned as a potential catalyst for the India International Bullion Exchange
Rupee falls on-week as merchant, NDF-linked flows blunt dollar retreat
The rupee fell nearly 1% this week, closing at 95.21 per dollar, slipping below the 95 mark for the first time in three weeks
Paytm Europe has been granted a payment institution licence by the Luxembourg financial supervisory authority CSSF to conduct credit and funds transfers, and payment transactions. Here's all you need to know
Allcargo Global lists on NSE and BSE after demerger from Allcargo Logistics
AGL houses the groups international supply chain operations
ITR 2026: Who must file tax return even if their income is below 4 lakh?
Many taxpayers mistakenly believe they only need to file an income tax return (ITR) if their income exceeds 4 lakh. However, various situations, such as high-value transactions and foreign assets, require mandatory ITR filing regardless of income level.
IRDAI plans to implement staggered commissions, spreading payouts over the policy term to improve transparency, reduce churn and align distributor incentives with customer needs across Indias insurance market.
Knack Packaging IPO oversubscribed 25.75x on final day; NII category leads at 76.83x
The Gujarat-based company manufactures printed and laminated woven polypropylene bags and serves customers across 68 countries
The FIFA World Cup 2026 is set to be the most profitable tournament ever, with a prize pool of $871 million and the winning nation receiving $50 million. Ticket prices and broadcasting rights are significantly higher than in previous tournaments.
Todays Gold Rate in India July 3: Gold prices up in Delhi, Mumbai, Kolkata, Bengaluru, Ahmedabad
22, 24 carat Gold prices up across Indian cities on July 3
Silver futures rise to 2.37 lakh per kg
Comex silver futures increased 2.17% to $62.23 per ounce
Gold futures increase to 1,47,710/10 gm on spot demand
Fresh positions built up by participants led to a rise in precious metal prices, according to analysts
EPS-2026 replaces EPS-95: Eligibility, membership rules, and withdrawal conditions explained
The central government has notified EPS-2026, replacing previous versions. Effective from June 29, 2026, it clarifies eligibility, membership conditions, and pension benefits, while keeping the minimum monthly pension at 1,000 unchanged.
Nifty holds above 24,350 at noon; IT, Pharma and Financials lead broad rally
BSE market statistics painted an encouraging picture at midday. Of 4,178 stocks traded, 2,217 advanced against 1,721 declines, with 240 unchanged.
Traded volume stood at 16.62 lakh shares, with a traded value of 524.17 crore
VBL shares rise 1.9% after subsidiary merger announcement
The company announced two of its South African subsidiaries Twizza Proprietary Limited and Beverage Company Proprietary Limited (Bevco) will be absorbed into its holding company
5 hidden credit card fees that can quietly increase your borrowing costs
Hidden credit card charges can quietly increase your borrowing costs and reduce your savings. Understanding key fees, payment terms and reward costs helps you manage your credit card wisely and avoid unnecessary expenses while making smarter financial decisions.
Sensex sustains over 78,000-mark, Nifty above 24,300 as IT stocks extend rally; HCL Tech jumps
Softer-than-expected US jobs report cools expectations for a Fed rate hike in September, boosts risk appetite for emerging markets
Vedanta, Hindustan Zinc shares rise as fresh encumbrance surfaces
Vedanta and HZL stocks gained in early trade following a regulatory filing on promoter share encumbrance linked to a 1,624 crore facility for a subsidiary
Smart tax planning for retirees: Pensioner ITR 2026 guide to deductions, benefits, and tax regimes
Smart tax planning for retirees can unlock valuable savings in ITR 2026. This guide explains pensioner tax deductions, old vs new tax regime benefits, key exemptions, and essential filing tips to help reduce taxable income and improve retirement finances.
SGB redemption July 2026: 8 Sovereign Gold Bond series eligible for early exit
Investors holding eligible Sovereign Gold Bond (SGB) tranches can opt for premature redemption after completing the mandatory five-year holding period.
Gold heads for first weekly rise in five on easing Fed rate-hike bets
Softer-than-expected US payroll numbers have pushed back expectations for a rate hike in September
GSP Crop Science discloses ransomware attack on non-core IT systems
GSP Crop Science says its core business applications, ERP systems, manufacturing operations, sales, customer service, and finance functions remain unaffected and are operating normally
IEX shares rise 1% as Q1 FY27 electricity traded volume climbs
IEX records electricity traded volume of 37,534 million units in Q1 FY27, up 15.9% y-o-y
HCLTech shares surge over 4% on $1.14-billion deal win
Despite todays rally, the stock is down 31.25% year-to-date and 34.36% over the past year, significantly underperforming the Nifty 50
Angel One shares up as gross client base grows
Angel Ones average client funding book touches 6,783 crore in June, rising 7.5% m-o-m from May 2026 and 44.1% y-o-y from June 2025
Markets open higher; IT stocks lead gains as crude falls, semiconductor rout weighs on sentiment
Sensex opened at 78,152.34, against its previous close of 77,502.12, while Nifty 50, which closed at 24,175.70 on Thursday, opened at 24,375.65 and was quoting at 24,312.30, up 136.60 points or 0.57 per cent, as of 9.17 am
Gold and silver prices today, 3 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.
EPFO introduces 3-day PF claim settlement: What it means for subscribers
EPFO has introduced a three-day timeline for settling eligible PF claims as part of a broader overhaul of its services. The reforms also simplify withdrawals, expand auto-settlement and pave the way for more digital member services.
Clarity on TDS on rent paid to joint owners shows the 50,000 threshold applies per landlord, not per property. Joint ownership rent splits decide tax deduction, ensuring accurate compliance under Section 194IB and avoiding unnecessary deductions.
Indian shares to open higher on easing Fed rate-hike bets
GIFT Nifty futures were at 24,414, as of 7:43 am, indicating the Nifty 50 could open above Thursdays close of 24,175.7.
Sensex today | Stock Market Live Updates: Stock to buy today: Adani Energy Solutions(1,556.50)
Sensex, Nifty, Stock Price Live Updates: Traders can go long now at 1,556 and buy more shares at 1,460. Place initial stop-loss at 1,420
Pay only for the kilometres you drive: How PAYD insurance works
If you drive infrequently, a pay-as-you-drive (PAYD) policy could significantly lower your car insurance premium. Here's how it works, who should opt for it, and the risks to watch for.
I asked ChatGPT how many credit cards are too many; Experts filled in the gaps with what AI missed
Several banks have altered credit card rewards, which may make cardholders reassess how many cards they need. I asked ChatGPT how many credit cards are too many and experts filled in the gaps with what AI missed.
I asked ChatGPT how rich Indians must become for the country to be considered developed. We then compared the responses to what Axis Bank's chief economist Neelkanth Mishra said on the matter. Here's a look...
Working for a foreign client means income may be taxed in both the foreign country and India. However, Indian residents can claim foreign tax credit by filing Form 67. Details here.
Adani Enterprises launches 10,000-cr QIP, sets floor price at 3,034.68 a share
The proceeds will also be used to repay or prepay outstanding borrowings of Adani Enterprises and its subsidiaries
The government's new EPF Scheme 2026 has come into effect as part of the Social Security Code 2020. Today, we explore and explain how and what has changed for EPFO subscribers and what remains the same.
EPS-2026 rules: Will you get pension if you leave your job before completing 10 years of service?
The central government has implemented EPS, 2026, replacing older pension schemes. Key provisions remain intact, but questions about eligibility for employees leaving before 10 years persist. Here's what the new rules say.
Yen at record low: Should Indian investors be worried? Experts weigh in
The yens weakness is not just a Japan story. For Indian investors, the impact is mostly indirect. While short-term volatility may rise if global carry trades unwind, experts agree that disciplined long-term investing remains the most effective way to navigate these macro cycles.
EPS-2026 replaces EPS-95: Does the 1,000 minimum pension continue? Here's what has changed
The Centre has introduced the Employees' Pension Scheme (EPS), 2026, replacing older versions. While procedural changes have been made, the minimum monthly pension remains fixed at 1,000, unchanged since 2014.
IT sector leads Dalal Street's winning streak; crude slump, Japan deals lift sentiment
The Nifty 50 closed at 24,175.70, up 0.71 per cent, while the Sensex gained 0.75 per cent to settle at 77,502.
Merchant, arbitrage flows extend rupee's losing streak even as dollar slumps
The currency ended at 95.3925 against the dollar, down 0.1% from its previous close
Bajaj Auto's 5,632 crore buyback: How will your buyback proceeds be taxed?
Bajaj Auto's 5,632.8-crore share buyback will be taxed under the new capital gains framework that came into effect on April 1, 2026, changing how shareholders report and pay tax on shares accepted in the buyback.
Mis-sold insurance? How to challenge a forced insurance policy sold as an FD
If an insurance policy has been issued without informed consent or through misrepresentation, the policyholder has the right to challenge the transaction.
8th pay commission: With discussions underway, we calculate how much of a salary hike the minimum estimate of 1.83 fitment factor could provide for central government employees and pensioners. Here's a look
Why Schedule FA is about complete disclosures, not precise valuations
Indian residents with foreign stocks, employee stock ownership plan or bank accounts must disclose them in Schedule FA regardless of whether they were sold.
The Supreme Court clarified income assessment for motor accident compensation, addressing salaried and self-employed individuals, and non-filers. Details here.
Income tax refund: Why you may receive less than the amount claimed in your ITR
The refund amount calculated while filing your ITR is not always the amount you'll receive. Here's why the Income Tax Department may issue a lower refund after processing your return and what you should do if the amount doesn't match
EPFO reforms 2026: 20-day claim settlement, real-time tracking and key changes explained
Digital-first shift transforms retirement services. EPFO reforms under the new 2026 social security schemes introduce strict 20-day claim settlement timelines, real-time tracking, and digital compliance, improving transparency, accountability, and faster processing of pension and PF benefits.
Top 5 overnight funds based on 1-year returns: Bank of India Overnight Fund leads with 5.59% return
Based on one-year CAGR performance, Bank of India Overnight Fund emerged as the best-performing scheme in the category with 1-year return of 5.59%, followed by Franklin India Overnight Fund and Bajaj Finserv Overnight Fund.
Gold price drops 166 to 1,44,264/10g in futures trade
Analysts attribute decline in precious metal prices to weak spot demand
Silver futures rise to 2.31 lakh per kg
On the Multi Commodity Exchange, silver for September delivery rose by 1,219, or 0.53%, to 2,31,603 per kg with a turnover of 1,325 lots
How to verify and reconcile stock market transactions in AIS before filing your ITR
Annual Information Statement (AIS) stock market transaction reconciliation helps taxpayers ensure accurate ITR filing by matching broker records with AIS data. It improves capital gains accuracy, prevents errors and supports compliant income tax reporting for investors in equity markets.
IT surge powers Nifty past 24,100; crude below $68 lifts sentiment
IT giants led the Nifty, with Infosys rising 5.61% to 1,040.60 on over 1.15 crore shares worth 1,194.96 crores
Ratnadeep Retail files IPO papers with SEBI; intends to raise 400 crore via fresh issue
The proceeds of the issue are to be used for retail network expansion, debt repayment
Infosys, Coforge lead IT stocks rebound, Nifty IT climbs 4.5% after 4-day losing streak
Tepid growth expected across IT sector in Q1 FY27
EPFO extends outage for the third time, here's when PF services will resume
EPFO has extended its ongoing system migration for the third time, delaying the restoration of online member and employer services until July 3. The prolonged outage continues to affect PF claim filing, passbook downloads, UAN login and other digital services.
Top 5 mutual funds in India by AUM: Returns comparison over 1, 3 and 5 years
The countrys biggest mutual fund scheme by assets under management (AUM), Parag Parikh Flexi Cap Fund, manages over 1.41 lakh crore in assets. It is followed by HDFC Balanced Advantage Fund, which is the second-biggest scheme by AUM.
Sebis pump-and-dump crackdown: 5 ways to protect yourself from stock market scams
To avoid stock scams, verify information, consult certified advisors, and focus on disciplined investing. Beware of unsolicited tips, unusual price movements, and FOMO tactics. A diversified portfolio can protect against manipulation. SEBI's crackdown highlights the need for investor vigilance.
New vs old tax regime: How much tax do you pay on a 25 lakh salary?
Choosing the right tax regime can significantly reduce your tax outgo. Here's a comparison of the tax liability on a 25 lakh annual salary under both the new and old tax regimes, and when each one makes sense.
Zee Entertainment plans 3,143-crore warrant issue for promoter group
The warrants will be issued on a preferential basis; subscribers must pay 25% of the issue price upfront, with the remaining 75% payable on exercise
Iris Clothings enters newborn gift segment, stock hits 52-week high
The new collection includes 4-piece, 6-piece, and 10-piece gift sets aimed at the premium new-born essentials and occasion-led gifting market
CSM Technologies lists flat at 113, slips 5% to lower circuit after debut
CSM Technologies 145.78-crore IPO received bids for 1,51,27,068 shares against 1,11,30,880 shares on offer, translating into an overall subscription of 1.36 times
Rupee gains 26 paise to 94.90 against US dollar in early trade
Forex traders said the rupee opened on a positive note as crude oil prices have fallen back to levels seen before the West Asia conflict.
IT stocks lead Nifty rebound as crude slips below $71; Sensex reclaims 77,000
IT stocks drove the Nifty up, with Infosys up 4.10% to 1,025.70, HCL Technologies up 3.77% to 1,073.20, and TCS gaining 2.77% to 2,037.50
Gold and silver prices today, 2 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.
