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Gifts exceeding 50,000 are taxable under the Income Tax Act as income from other sources. Exemptions apply for gifts from relatives or on special occasions. Full list of exemptions here.

Small finance bank FDs can help deliver attractive monthly income on 1 crore deposits, with senior citizens earning higher returns through competitive fixed deposit interest rates.

Non-Resident Indians can buy property in India under FEMA and RBI regulations. They may purchase residential and commercial properties, but agricultural land is subject to restrictions. 

The domestic travel insurance policy provides protection against several travel-specific risks and crises, including a personal injury benefit reaching 3 lakh and medical facility coverage up to 1 lakh during transit.

The EPFO auto-settlement facility aims to accelerate final PF withdrawals, reduce paperwork and streamline account transfers through a fully digital system for its more than seven crore members.

The per-transaction and per-day limit for UPI Global Acceptance in Europe (peer-to-merchant) has now been increased to 2 lakh. Each member bank may set its own norms, subject to the overall applicable limits, NPCI has said.

Unexpected bank credits can become taxable unexplained income; follow prompt stepsdo not use funds, notify the bank and sender, document everything, and consult a tax professional to avoid tax liability. 

The EPF account remains active when an Indian becomes an NRI, but rules for contributions and withdrawals change. NRIs must meet eligibility conditions to withdraw funds online. Details here.

Stock market volatility driven by rising crude oil prices, FII sell-offs, and inflation concerns reshapes the personal finance outlook, underscoring the importance of disciplined SIP investing, diversification, and long-term wealth creation. 

The Senate Banking Committee advanced the CLARITY Act, aiming to regulate cryptocurrencies amid industry tensions. Supported by some Democrats, the bill moves to the full Senate, indicating a shift towards structured crypto policymaking and potential global regulatory implications.

Petrol and diesel prices in India increased by 3 per litre, with CNG rising by 2 per kg. This hike aims to offset losses from rising crude oil prices, but concerns about its impact on retail inflation persist, especially in sectors like agriculture and transportation.

ITR filing for AY 2026-27 begins as the Income Tax Department enables Excel utilities and online filing for ITR-1 and ITR-4 on the e-Filing portal for eligible taxpayers in the country.

Gold price today: Gold rates dropped on the MCX on Friday morning amid a stronger US dollar, driven by elevated crude oil prices. International gold prices declined to an over one-week low, looking set for a weekly decline.

In May, Indian consumers experienced a significant rise in fuel prices, with petrol and diesel increasing by 3 per litre, the first hike in four years. CNG prices also rose by 2 per kg, reflecting the impact of escalating global crude prices due to the West Asia conflict.

Petrol, Diesel Price hike news LIVE: Petrol and diesel prices across India were raised by 3 per litre on May 15, pushing fuel costs higher in Delhi, Mumbai, Kolkata, Chennai and other cities. The hike comes amid surging global crude oil prices and rising geopolitical tensions in West Asia.

As markets swing on global headlines, Bajaj Finserv AMC CIO Nimesh Chandan says investors should focus on long-term trends, not noise and sees the Nifty heading to 27,000.

Petrol and diesel prices increased by 3 per litre after four years without revisions. Petrol now costs 97.77 in Delhi, while diesel is 90.67. Prices vary by city, with significant increases attributed to rising global energy costs amid geopolitical tensions.

A woman claims that 25,000 is sufficient to live in Mumbai, sharing her budgeting tips in a viral video. While some praise her financial skills, others question the feasibility of her budget, noting her expenses seem to exceed her claimed limit.

The Senate Banking Committee advanced the Clarity Act, establishing cryptocurrency regulations. With bipartisan support, the bill aims to create transparency in crypto transactions and anti-money laundering rules

Factor funds are aligned to indices that are variation of regular indices, but with a specific investment trait

The Senate Banking Committee advanced a landmark digital asset market structure bill Thursday after months of negotiations, signaling fresh momentum for the long-stalled measure.

Worried about inoperative EPF account? Here's a breakdown of how the Employees' Provident Fund Organisation categorises such accounts, how the funds can be redeemed and what steps members can take to recover it.

The Income-Tax department can issue notices for discrepancies in tax returns. A notice doesn't imply trouble but may require correction. Taxpayers should verify notices online and respond promptly with necessary documents to avoid penalties.

ChatGPT advises young professionals to avoid lifestyle inflation and focus on building financial systems. Key habits include increasing investments with salary hikes, avoiding fixed obligations, and prioritising income expansion. 

Many people mistake a reserve pool for a short-term investment or misinterpret a credit card limit for a buffer.

Delaying SIP by 10 or even five years can have significant impact on your final corpus a difference of as much as 5 crore in the final value. Here's a look at how much wealth 5,000 per month in SIPs over varying number of years, can generate for you

Census 2027 introduces QR code-based ID cards for enumerators to enhance security and reduce cyberfraud risks during door-to-door data collection. Here's all you need to know. 

Retail participation in F&O trading is on the rise. However, individual traders keep losing significant sums of money, whereas institutions earn through algorithmic strategies. Here's how traders can stay ahead in the game, as advised by ClearTax CEO Archit Gupta.

The Sukanya Samriddhi Yojana account is presently providing 8.2% earnings per period, calculated yearly

PPF vs FDs vs SIPs: A first-time investor's choice should depend on your particular financial situation and future goals. Take a look below to assess, which works best for your lifestyle and planned retirement targets

Senior citizens' health insurance plans should offer better claim support, chronic illness coverage, restoration benefits and flexible features. These 2026 plans will help protect the elderly against rising healthcare costs.

The 8th central pay commission is consulting with stakeholders to gather input for its recommendations. Meetings are scheduled across various states and territories to collect feedback. Here's what some of the biggest employee groups are demanding

If Indian-source taxable income from property sales, equity gains, dividend or interest crosses 15 lakh in any financial year, deemed residency kicks in and every treaty benefit disappears.

50-30-20, envelope, and zero-based budgeting: three personal finance systems that help manage income, control spending, and improve savings discipline through structured planning, flexible methods, and financial clarity. 

Nikhil Kamath proposed a gold-backed stablecoin to monetize idle gold in Indian households. CoinSwitch's Ashish Singhal noted existing global products but highlighted challenges with India's gold, including regulation, trust, and storage of non-standardized gold assets.

The EPFO ECR filing deadline reminder urges employers to submit the April 2026 returns and deposit provident fund contributions by 15 May to avoid penalties, interest charges and compliance issues. 

India has increased import tariffs on gold and silver to 15%, up from 6%, to reduce imports and protect foreign exchange reserves. This tariff increase led to a nearly 6% price surge in both metals, impacting demand for gold jewellery and prompting investors to consider silver as an alternative.

High income, high lifestyle, zero strategy. Why even top executives with stellar careers often fail at wealth creation and how misplaced confidence and poor execution derail financial futures.

Mirae Asset Mutual Fund has launched the Platinum Hybrid Long-Short Fund under the SIF category, offering conservative investors risk-adjusted returns through hedged equity, arbitrage and debt exposure in the country.

Gold and silver prices fell in India on 14 May amid key global developments. MCX gold futures slipped 0.37% to 1,62,270 per 10 gm, while silver futures dropped 1.61% to 2,96,160 per kg. Markets remained focused on the Trump-Xi summit, the new US Fed chair, and oil market volatility.

Chief Minister Suvendu Adhikari announced that the cabinet will discuss Dearness Allowance and the Seventh Pay Commission on May 18. A recent 4% DA increase brings it to 22%, but state employees still lag behind central staff due to differing pay commissions.

Warren Buffett cautioned against the growing trend of gambling in investing as markets reach record highs, citing excessive greed driving asset prices. He pointed to the rise of one-day options trading and prediction markets as alarming developments that misprice securities.

The Bihar government has approved a Dearness Allowance increase for state employees and pensioners, raising it by 5 percentage points for the 6th Central Pay Commission and by 9 points for the 5th, effective January 1, 2026. This is a key financial decision by Chief Minister Samrat Choudhary.

New inflation data suggests a possible 4.2% increase in Social Security COLA for 2027, up from 3.2%. Rising costs of essentials have led to revised projections by analysts and advocacy groups, highlighting a significant loss in purchasing power for beneficiaries since 2016.

See an EPF account locked message when you try to log into your employee provident fund. This can happen due to multiple reasons. Here's what steps EPFO members can take to resolve the issue and access their account

The EPFO is all set to launch a new web portal soon, known as the E-PRAAPTI, to help members recover their old and inoperative employee provident fund accounts. Here's all you need to know

A Bengaluru tech professional sought a realistic startup plan from ChatGPT. The advice emphasised using a stable job as financial capital, maintaining low fixed expenses and focusing on genuine problems over trendy ideas. 

Income-tax rules: Here's how capital gains generated from digital, paper (which includes gold ETFs, gold mutual funds and sovereign gold bonds) physical and inherited gold are taxed for residents and NRIs.

Property sales can sometimes result in capital losses due to various reasons. Taxpayers are allowed to set off such losses against capital gains. Both short-term and long-term losses can be carried forward for up to eight years. Full details here.

Public sector lender Canara Bank on Tuesday (12 May) hiked its MCLR rates by 5 bps. We explore how this increase will likely impact borrowers' repayments for car loans, home loans and personal loans.