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Children Educational Allowance helps employees cover educational expenses for their children under the old tax regime. Here's a look at the eligibility and non-eligibility of tuition fees deduction under Section 80C.

The ITA provision on tax clearance certificate specifically excludes persons who are not domiciled in India and visit India for purposes not connected with business, profession, or employment.

State-run oil companies are verifying LPG consumers' income to cut subsidy burden. Those with incomes over 10 lakh may lose benefits. Consumers must respond within seven days to avoid cancellation. The move follows stricter checks with the Income Tax Department to identify ineligible recipients.

Every individual has to budget and save for possible medical and health related expenses. Here is the difference between a health fund and health insurance, why you may need both and how much to save

Teaching children about money is best done through intentional behaviour and practical systems. ChatGPT recommends clear allocation methods, experiences financial consequences, and encourages emotional connections to saving. 

A 10 lakh post office FD earning 7.5% and a 10,000 monthly recurring deposit earning 6.7% can grow into a corpus close to 1 crore over 20 years through compounding. However, inflation may significantly reduce the real value of these returns, making long-term planning and diversification crucial.

Avoid sharing credit card with friends, family. If your reported income is not sufficient to pay back your credit card debt, or your expenditures far exceed your income capacity, it may trigger a notice from the authorities.

I asked ChatGPT to calculate the how much savings corpus I should build for my old age as a freelance artist with irregular income, living in Pune. Here is what artificial intelligence (AI) chatbot said

Senior citizens' FD rates in small finance banks reach up to 8.30% in May 2026, offering secure, high-yield investment options with stable returns. These investment options become even more lucrative in the current geopolitical environment. Check details.

MBA returns vary regionally, with the Middle East offering the fastest payback, according to ChatGPT. Check the AI tool's detailed response.

According to the couple, rent takes up the largest share of their monthly budget. They said they pay 56,000 every month for their apartment.

As part of its consultation process, the 8th CPC opened submissions and held meetings in Delhi in March and in April. Now, visits are scheduled in Telangana, Ladakh, Jammu & Kashmir and Delhi in May and June.

Corporate FD rates in May 2026 are attracting investors, as Shriram Finance, Mahindra Finance, and other top NBFCs offer stable FD returns of up to 8.95% amid market volatility. Check the comprehensive comparison, and discuss with certified financial advisors before locking in on any investments. 

As markets correct amid oil spikes and global uncertainty, history suggests volatility may offer long-term opportunity. Heres why Indias structural story remains compelling.

Many online platforms now allow you to invest in fixed deposits from multiple banks. Understand the allure and the often-overlooked downsides before you commit your savings.

Comprehensive comparison of personal loan rates in May 2026 across SBI, HDFC, ICICI Bank, Axis Bank, and other lenders in India, including EMIs, interest rates, and processing fees, to help borrowers make informed decisions. Before finalising any loan offer, consult a certified financial advisor.

Big changes ahead as the 8th Pay Commission enters consultations, with key dates, salary revision updates, pension changes and fitment factor discussions affecting over 1.1 crore beneficiaries.

More than 600 OpenAI employees sold a combined 6.6 billion dollars worth of stock in a single day in October 2025, averaging 11 million dollars each. Here is how artificial intelligence is creating unprecedented wealth for technology workers before a single IPO has taken place.

Establishing an emergency fund is crucial for financial stability, covering unforeseen expenses without affecting daily finances. Regular monitoring and automation of savings can help build this financial cushion effectively.

The Income Tax Department has revised ITR forms for 2026-27 to enhance transparency and simplify the tax filing process. Here's a list of changes in each ITR Form.

Form 26AS, also known as the Annual Information Statement (AIS), is a comprehensive display of a taxpayer's financial statement for a given tax year. It has been replaced by Form 168 under the new Income Tax Act, 2025.

Discover home loan rates from Bajaj Finserv, PNB Housing, & 6 leading HFCs this May 2026. With rates starting at 7.15%, unlock affordable borrowing with lower EMIs, flexible repayment options, & competitive offers. Learn essential factors beyond the headline rate to secure your dream home.

Fixed deposits offer safe, stable returns and comes in cumulative and non-cumulative types, catering to different needs, such as wealth building for long-term savers or regular income for retirees. Details here. 

Fixed deposits and recurring deposits are bank deposit options that give you low-risk investment option with guaranteed returns. Here's a look at which is suitable for you, how they work and how you can use them to reach your financial goals

ChatGPT recommends the minimum salary required to leave India for a job in Dubai. Check the detailed AI response.

I asked ChatGPT to calculate the required monthly savings to build a good education corpus for my children's higher studies for medical or engineering college in Delhi. Here is what artificial intelligence chatbot said

A PPF account matures after 15 years, allowing withdrawals or extensions. Failing to submit Form 4 within a year limits contributions. Details here. 

Fixed deposits remain a favored choice for conservative investors, offering stable returns influenced by repo rate changes. Major banks in India offer FD rates between 6% and 7.25%, with higher rates from small finance banks. 

Joint and mutual Wills may sound similar, but the legal consequences are vastly different. Heres how couples should choose the right structure under Indian lawand avoid costly ambiguity.

ChatGPT devised a plan for a Bengaluru family earning 20 LPA. AI emphasises the importance of adequate coverage for financial security.

Salaried employees can choose between old and new income tax regimes, while the new tax regime remains the default option. The Union Budget 2026 maintained existing tax slab rates. Here's what all you should consider before making a choice.

Transferring money to your mother is treated as a tax-free gift under Indian income tax law and does not reduce your tax liability. However, tax savings are possible only through specific payments like health insurance premiums under Section 80D in the old regime.

Taxpayers should be aware of the necessary documentation and deadlines for filing ITR. For FY2025-2026, the deadline is 31 July 2026, with delayed filing until 31 December, incurring additional costs.

Investors in cryptocurrencies and foreign equities in India must disclose profits in tax returns to avoid penalties. Cryptocurrency gains are taxed at 30%, while foreign assets are taxed based on holding periods. Details here. 

The Iran war has caused significant market volatility, prompting experts to advise investors to focus on long-term planning rather than panic trading. 

ChatGPT warns that a 1 lakh salary is not enough to comfortably sustain a debt-heavy lifestyle with 36% credit card interest. The chatbot recommends cutting variable expenses sharply, stopping credit card usage entirely and restructuring repayments to become debt-free within 25 years.

On May 10, gold prices in India remained stable with 24-karat gold at 153,140 per 10 gm and 22-karat at 140,378. Silver was priced at 262,350 per kg. Trading rates are unavailable as MCX is closed on weekends.

Jeffrey Gundlach advises investors to hold cash, gold, and real assets in 2026, warning against risky investments if the Fed raises rates. He recommends 20% in cash and commodities, and suggests buying gold if it dips below $3,500 an ounce, amid concerns over future debt restructuring.

The Clarity Act, aimed at regulating cryptocurrency, will be reviewed by senators next week. If approved, it will clarify asset classifications, address stablecoin policies, and potentially enhance digital asset adoption while resolving conflicts between crypto firms and banks.

How much is enough to live comfortably in Bengaluru? Ankur Warikoo's post has left netizens divided. Here's why he thinks 70 lakh per annum still makes someone a middle class.

In May 2026, small finance banks in India offer attractive FD interest rates, some up to 8%. Senior citizens receive extra rates of 0.20%-0.50%.

Across every stage of motherhood new, working, single, entrepreneurial, senior the financial system treats women as signatories, not decision-makers. The cost of that exclusion is real, compounding, and entirely preventable.

A 25-year-old product manager from Gurgaon has gone viral after sharing a detailed breakdown of his monthly expenses in an Instagram reel. From 18,000 rent for a 2BHK apartment to 30,000 spent on a trip, his candid take on adulting in a metro city has sparked debate online.

Working women planning to extend maternity leave should rethink finances, focusing on budgeting for increased costs and decreased income. 

Stablecoins are becoming crucial in linking traditional finance with digital assets, with projections estimating the market could reach $500 billion to $2 trillion by 2028. 

Investors often build neat chains of logic from one fact to a firm conclusion. But markets are self-correcting systems, not dominoesand straight-line thinking can be costly.

Swarup Mohanty, CEO of Mirae Asset, transformed his retirement strategy after AI revealed potential pitfalls in his original plan. With insights into market dynamics and a focus on longevity risk, he crafted a comprehensive portfolio that balances risk and growth. 

Banks in India will close for one day next week, with nine holidays listed by RBI. Key closures include May 17 and regional holidays. Online services remain available for banking transactions, and customers should check with local branches for specific holiday schedules.

India's pension regulator has launched NPS Sanchay for the informal sector. It aims to ease retirement savings for individuals with limited financial guidance. Full details here. 

Filing the correct Income Tax Return form is crucial. and taxpayers must select forms based on income sources. Here are the details about forms that salaried taxpayers and freelancers should choose.