8th pay commission: What is it? When is the hike likely to be implemented? Who will benefit? How much will government employees get? All your questions answered

The 8th Pay Commission, approved by the Union Cabinet, aims to revise salaries for over a crore central government employees and pensioners. Recommendations are expected to be implemented by FY27.

8th Pay Commission: The Union Cabinet approved the 8th Pay Commission to revise salaries for central government employees. The commission, typically formed every decade, uses a fitment factor for salary adjustments based on inflation and other factors.

James Gunn and Peter Safran from DC studios promised to reinvent the adventures of your childhood hero Superman and make July the month for a new Man of Steel. Its an action packed, superhero and supervillain packed film which is so dizzying that you dont have time to want a more solid story.

Should you buy, lease, or rely on cabs? Finology Research Desk answers that question by calculating the effective cost per kilometre over 5 years. NowSo, you can decide to buy, rent, or simply call a cab, backed by real numbers and practical scenarios.

Borrowing from friends to repay personal loans can strain relationships and worsen financial stress. This article explores risks, rising defaults, and better alternatives to manage personal loan repayments.

Understanding and avoiding common credit card rejection reasons can enhance your credit profile and financial future.

Personal loan part payments can benefit your credit score and ease financial burdens. However, they should complement regular EMIs and not replace them. Strategic loan part-payments can improve credit profiles while minimising debt.

An 850+ credit score offers more than low interest rates or loan approvalsit unlocks premium credit products, lower fees, lifestyle perks, and improves job and rental eligibility across the country.

At 35, the individual has invested in a LIC Jeevan Anand policy and a term plan. It is advised to separate insurance from investments and surrender the LIC policy.

The Club Maharaja program offers various benefits to its members based on the membership tier. Credit card reward points can be transferred to the program and further used to book flights.

The basic pay of employees accounts for 51.5 per cent of the employees' total income. Dearness allowance makes up around 30.9 per cent.

My 60-year-old father learned to use AI tools for investment decisions, shifting from skepticism to confidence. AI helped him navigate finance jargon, leading to a well-structured portfolio.

The Income Tax Department has released ITR-2 and ITR-3 Excel utilities for FY 2024-25, enabling taxpayers with capital gains and business income to file returns before the September deadline.

Silver is becoming increasingly relevant in a world shifting to green technologies. As demand surges, the main question facing investors is: should you buy now?

Income tax: ITR form selection is vital for tax returns. ITR-1 suits salaried individuals with income up to 50 lakh, whereas ITR-2 caters to a wider income spectrum. Filing the wrong form can cause rejection by the Income Tax Department and delay refunds.

With basic exemption limits and deductions under both tax regimes, your total income may be tax-free. But residents and non-residents face different rules.

Filing the wrong ITR form for FY 2024-25 can delay refunds and attract notices. This article outlines simple steps to rectify incorrect ITR filing and avoid tax-related hassles.

By 2025, India's Gen Z, numbering around 380 million, will reshape the financial landscape with their demand for digital-first, secure, and intuitive financial services. The financial ecosystem must adapt to their expectations, particularly in lending, to create a borrower-centric experience.

While the AIS aims to improve voluntary compliance, the systems early-stage flaws are causing more confusion than clarity.

Jane Streets alleged Bank Nifty manipulation reveals how short-term trading remains a losing gameespecially for retail investors. Long-term investing is the real safeguard.

Donations received for family hospitalisation are considered gifts and are tax-free if under 50,000 rupees per recipient. Exceeding this limit makes the total taxable. Gifts from close relatives remain tax-free. Documentation of donors is essential to avoid high tax rates.

The documents required for a personal loan for a salaried individual may include salary slips, the bank statement, Form 16, etc. A self-employed person has to submit ITR, bank statements, business documents, etc.

Loan foreclosure, or early loan closure, can impact your credit report and score. While it may cause a temporary dip, proper management can lead to long-term credit score improvement. It's crucial to stay on top of payments and verify account closure with lenders.

Maximise credit card cashback and rewards with smart spending, card selection, bonus tracking, and full payments to enhance savings and avoid interest in the nations evolving credit landscape.

NPCI boosts RuPay credit cards with bank incentives, aiming to challenge Visa and Mastercards dominance by leveraging UPI integration and offering attractive fee-based rewards to issuers.

Premium credit cards offer concierge services that assist with travel, dining, and gifts, acting as personal assistants for cardholders.

Health insurers offer coverage for pre-existing diseases like diabetes, hypertension, and asthma from Day 1. Key features include hospitalisation coverage, pre and post-hospitalisation expenses, day-care procedures, and organ donor expenses, with some exclusions such as cosmetic surgery.

With consistency and clarity, even fluctuating income can help you fund a secure, abundant life.

The sale of land held for over 24 months incurs long term capital gains tax at 12.50%. To save on taxes, invest in a residential house or specified capital gains bonds. Short term gains are taxed as regular income with no exemptions.

HDFC Bank personal loan interest rates for July 2025 range from 10.90% to 24% p.a., with flexible tenure, eligibility based on credit score, income, and minimal documentation.

A default on personal loan repayment can result in late payment charges, credit score damage, calls/visits from recovery agents, bank legal action, difficulty in getting new credit, etc.

Fixed deposit interest rates in July 2025 remain attractive, with small finance banks offering up to 8.50%, while major banks like SBI and HDFC prioritise safety and steady returns.

The rise of fast personal loan apps in India offers quick cash with minimal documentation, ideal for emergencies. However, they come with higher interest rates and potential hidden fees, making informed decision-making crucial for borrowers.

The launch of Indias first open-ended retail fund in GIFT City opens a new investment avenuebut leaves Indian investors grappling with unclear tax treatment under existing trust taxation norms.

Gold ETFs surged over sixfold to 2,080.9 crore in June, while other ETFs dropped 79% to 844.4 crore. Equity mutual fund inflows rose 24% to 23,568 crore, contributing to a total mutual fund inflow increase of 67% to 49,301 crore in June.

Understanding credit card late fees, over-limit charges, and GST can help manage finances. Responsible credit card use prevents it from becoming a liability. Mint aims to educate on credit, advising consultation with experts before taking credit due to associated risks.

Try to avoid common income tax return mistakes for FY 2024-25 to prevent scrutiny and tax notices. Know key filing errors, TDS mismatches, and e-verification lapses flagged by the tax department.

SBI personal loan interest rates in July 2025 range from 10.30% to 15.30% annually, with charges varying by scheme, borrower profile, and employment type. Processing fees and EMI details included.

The PPF interest rate for July to September 2025 is 7.1%, remaining unchanged for the sixth consecutive quarter.

While Indian retailers suffered both financial loss and tax stress, Jane Street Singapore Pte Ltdthe main offshore beneficiarywalked away with thousands of crores in profits, reportedly without paying a single rupee in Indian taxes.

Check out key differences between personal loans and loans against securities (LAS), including interest rates, collateral requirements, repayment flexibility, and risk factors to make informed borrowing decisions.

Using credit cards for large purchases can enhance financial flexibility with rewards and EMIs, but careful consideration is necessary. Experts suggest personal loans for unaffordable purchases to ensure long-term financial health.

Super-premium credit cards, like Axis Bank Primus and HSBC Taj, cater to those seeking luxury and unique experiences. They provide exclusive benefits, but mid-tier cards may offer better value for modest spenders.

Some benefits of a digital personal loan include applying from anywhere, faster video KYC from anywhere, faster processing, digital signing of loan documents, disbursement in the bank account, etc.

Navigating the complexities of provident fund claims can be daunting, especially when faced with rejection. Deepak Bhatter's experience sheds light on the crucial steps to take, including the powerful RTI application.

Boosting your credit score from 580 to 800 involves timely repayments, low credit utilisation, diverse credit mix, fewer loan inquiries, and regular monitoring of your credit report to ensure accuracy.

Are you ready to turn your UPI payments into cashback? This article dives into the world of UPI credit cards, and how you can benefit from them.

Fixed deposits, bonds, non-convertible debentures, Post Office Monthly Income Scheme, Senior Citizen Savings Scheme systematic withdrawals from debt funds has them all beat.

You moved, so did your tax base. Why returning to India makes your US-paid consulting income taxable under Indian law.