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Freelancers in India can simplify tax filings using Section 44ADA, allowing them to declare at least 50% of gross receipts as taxable income. Details here.

A Reddit post highlights a family's struggle to locate a deceased father's financial assets, sparking discussions on the importance of organizing financial information for families. Here's what experts recommend to avoid such a situation.

Foreign investors have withdrawn over 2,20,000 crore from Indian equities in 2026, influenced by high oil prices and inflation. How should retail investors navigate this situation? Read to know 

The EPF scheme supports retirement savings with both employees and employers contributing 12% of basic salary. The EPS provides pensions for eligible employees after retirement. Details here.

Retirement planning: We asked experts how much corpus a 27-year-old freelancer, living in Chennai and planning to retire to Munnar, will require to support parents and slow work by 55 years of age. Here's what they said

Debit card EMI influences credit score based on repayment behaviour, with timely payments improving credit profile while defaults or multiple loans may negatively affect borrowing capacity across financial institutions.

With a dedicated credit limit for business expenses, the card can be used across a wide range of expenses including office supplies, digital marketing spends, SaaS subscriptions, and business travel.

Thailand is ideal for nightlife and shopping, while Vietnam excels in affordability and culture, making it the best value. Sri Lanka offers a peaceful holiday. For 50,000, Vietnam provides a premium experience with quality accommodation and food.

Investing benefits from compounding over time, highlighted by the '8-4-3 rule' which shows how wealth accelerates. FundsIndia's report emphasizes patience, revealing that equities show true potential after seven years, with returns significantly outweighing contributions in the long run.

Missing a home loan EMI can hurt your credit score and weaken your financial stability. Timely communication with your lender, smart repayment planning and expert financial advice can help you manage the situation effectively.

Parents can build a 1 crore corpus for their child by age 18 through early investments, averaging 8,000 10,000 monthly via SIPs. Compounding plays a key role, and delaying investment increases monthly contributions significantly.

There is no single best SIP date for maximizing long-term returns; historical trends show negligible differences between dates. Staggered SIPs on the 1st, 15th, and 25th offer a balanced approach. Factors like increasing SIPs and maintaining asset allocation are more important for wealth creation.

Teen-focused fintech apps like Paytm Pocket Money and FamApp are helping young Indians make digital payments without bank accounts through prepaid cards, UPI access, parental controls and budgeting tools.

On 23 May, gold prices in India remained stable, with 24-karat gold priced at 159,320 per 10 grams. Silver prices also showed limited movement, with 999 Fine silver at 272,250 per kg. MCX trading is closed on weekends, limiting live updates.

Delhi Chief Minister Rekha Gupta announced the resumption of issuing new ration cards from May 15 after 13 years. The government has cancelled 7.72 lakh invalid cards and is inviting fresh online applications, with eligibility limits for annual family income raised from 1 lakh to 1.20 lakh.

The PFRDA has clarified that NPS Tier-II accounts will incur annual maintenance charges (AMCs) similar to Tier-I accounts. The AMC for dormant accounts will be 10% and PRAN opening charge shall apply only at the time of initial PRAN generation. 

Petrol and diesel prices rose by up to 91 paise per litre, marking the third increase in less than 10 days. Analysts predict further hikes may be necessary as oil companies face significant losses due to elevated crude prices stemming from the West Asia conflict.

All banks in India are closed on May 23, 2026, due to the scheduled bank holiday on the fourth Saturday. This closure is part of the RBI's holiday schedule, with banks also closed on specific Sundays and local holidays varying by state.

The Public Provident Fund (PPF) is a government-backed savings scheme in India, offering 7.1% interest with tax benefits. Individuals can only maintain one account to prevent misuse of tax benefits.

Modern tax compliance has transformed into an entirely data-driven process. Contemporary income tax returns are never evaluated independently

Taxpayers who earn capital gains are required to report them when filing their income tax returns using the appropriate ITR form.

Tax liability of individuals is influenced more by residential status than citizenship under Indian tax law. NRIs and foreign citizens may be taxed based on their days in India and income nature. Here's what you need to know.

Life insurance provides financial protection for policyholders' families upon their death. Premiums can be paid regularly or as a lump sum. Here's when your policy lapses and ways to revive it among other details.

8th Pay Commission Update: The commission's Lucknow visit is scheduled for 2223 June and appointment requests have to be submitted before 10 June. Check out the latest developments and how the fitment factor has risen from 1.86 to 2.57. 

Many retirees may believe that ITR filing is optional. Pension income is taxable, requiring ITR submission based on total income. ax rules, forms and deductions explained here.

Requesting an additional credit card requires strategic planning to enhance approval chances and protect financial health. Frequent applications can negatively impact credit scores, so stagger requests to minimise adverse effects while considering your credit history.

Financial planning for children includes SIP investments, term insurance, health cover, Sukanya Samriddhi Yojana, emergency savings and legal protection to secure a prosperous future for every family across the country.

EPFO will soon enable members to withdraw Provident Fund money via UPI, according to Union Labour Minister Mansukh Mandaviya. Heres how instant EPF withdrawals will work.

Smart budgeting on a monthly salary of 1 lakh depends on effectively managing in-hand income, controlling expenses, prioritising savings, and diversifying investments for long-term financial stability. 

Credit card EMI conversion lets you pay off large transactions in smaller, fixed monthly instalments with interest. Here's how it is different from paying the minimum due and which option is better for your credit score.

Asset allocation is crucial for long-term wealth creation. A balanced portfolio of equities, debt, and gold offers stability and higher returns, as shown in FundsIndia's report. Diversification reduces volatility and downside risk, ensuring a smoother investment journey over time.

A seven-day Sweden trip sounds romantic on paper, but when flights, visas, hostels and daily costs are added up, is Sweden actually realistic for a middle-class Indian traveller on a 1.5 lakh budget? We asked ChatGPT for a brutally honest financial and logistical breakdown.

PPF investment with disciplined annual contributions and long-term compounding can help investors build a 1 crore corpus and generate more than 50,000 stable monthly income through guaranteed interest returns, all one needs is proper planning and patience. 

West Bengal's Annapurna Yojana will replace the Lakshmir Bhandar program, offering 3,000 monthly assistance to eligible women from June 1. 

FundsIndia's report highlights that long-term equity investment, defined as 7 years or more, is essential for wealth creation. Historically, equities have shown strong recovery after market downturns, with significant returns over extended periods compared to real estate and debt instruments.

Investors are facing challenges in volatile markets, with traditional options like fixed deposits yielding 6-7.5%. Experts recommend a disciplined investment approach, splitting funds between Arbitrage Funds and Nifty 50 Index Funds for long-term growth.

Credit cards for retirees offer secure cashless payments, rewards, emergency liquidity and credit score benefits, but disciplined usage is essential to avoid debt, fraud risks and financial strain. Proper professional guidance must be taken before deciding on any particular credit card. 

An ideal annual travel budget for someone earning 15 lakh, with monthly EMIs of 20,000 and fixed expenses of 30,000, ranges from 1.2 lakh to 2.5 lakh, allowing for meaningful travel without compromising financial goals.

A stable income allows flexibility in emergency fund duration. A 9-12 month runway is advisable in tech for financial security. For a 30 lakh earner with 90,000 monthly expenses, a six-month fund of 5.5-6 lakh is baseline, while 11-12 lakh is ideal for a year.

Gold prices fell on MCX on Friday morning as a stronger US dollar weighed on the yellow metal. Gold has remained under pressure over the past two months following the US-Iran conflict, with soaring crude oil prices boosting the dollar and raising concerns about a fresh spike in inflation.

Discussions on the 8th Pay Commission focus on the fitment factor, crucial for salary and pension hikes for central government employees. 

After a sharp rise in bond yields driven by oil prices, fiscal worries and possibility of US Fed hike, Invesco MFs Vikas Garg says long-duration debt funds may still offer a tactical opportunity.

The PFRDA is assessing the demand to increase the monthly pension cap under the APY from 5,000, according to PFRDA Chairman S Ramann. The subscriber base is projected to exceed 10 crore in FY27, showing an 18% growth. 

An overdraft is a credit facility generally offered by banks and financial institutions, primarily to business owners to manage short-term financial requirements related to their operations.

The Income-Tax department has released ITR forms for AY27/FY26, enabling offline preparation via Excel Utility for ITR-1 and ITR-4. Taxpayers can file returns online through the official portal, with a deadline for individual filings set for 31 July 2026.

Repaying a loan ahead of schedule can help reduce the total interest payable and shorten the duration of your debt.

The 8th Central Pay Commission has started consultations with employee representatives to recommend salaries and allowances for central government employees and pensioners. Here's why central government employees may get pay hike only in 2027

A growing retirement planning gap in India is raising concern as 75.5% of middle-aged earners lack a detailed plan while 77% have not sought financial advice, reveals a 1 Finance survey.

HUF is treated as a separate taxable entity from its family members. Family income can be legally divided and reported under the HUF to avail additional tax advantages

8th Pay Commission fitment factor discussions are reshaping salary expectations as Indias pay commission history highlights major changes in government pay, pensions and employee benefits over decades.