The Economic Times

Unlock tax savings with these 10 income sources exempt from income tax in India. From agricultural earnings and PPF/EPF returns to life insurance maturity and scholarships, understand how to legally reduce your tax burden.

A Delhi woman reported Rs 60 lakh worth of jewelry missing from her bank locker, prompting a police investigation. Despite no signs of forced entry, the incident raises questions about bank liability. Current RBI regulations cap compensation at 100 times the annual locker rent, emphasizing the need for private insurance to cover the full value of valuables.

The Ministry of Health and Family Welfare has significantly increased CGHS medical reimbursement limits for central government employees. Heads of departments can now settle claims up to Rs 10 lakh without IFD consultation, provided rules are not relaxed and rates are adhered to. Previously, this limit was Rs 5 lakh.

High salary earners are receiving 'nudge' notices from the Income Tax Department. These notices prompt employees to correct errors like undeclared property income, crypto gains, and ESOPs. The department is offering a final chance to voluntarily fix mistakes before taking stricter action. This initiative aims to ensure accurate tax declarations and compliance among affluent taxpayers.

ET Wealth Reader's Query: I am a kidney donor and have a health insurance policy. I am unhappy with my current insurance company and want to know if I can move to a new insurer.

Draft Income-tax Rules 2026 propose increased allowance limits, potentially allowing taxpayers under the old regime to pay significantly less tax. Calculations suggest substantial savings for salaries of Rs 15 lakh, Rs 20 lakh, and Rs 25 lakh compared to the new tax regime, if these changes are approved.

Coppers sharp rally has sparked interest among investors wondering if it could be the next big opportunity after gold and silver. Experts caution that direct or indirect exposure to the commodity involves significant volatility and complexity, stressing that investorsespecially seniorsmust clearly define their objectives before entering this high-risk space.

Mutual funds trimmed positions across seven key sectors in January, with the heaviest selling in metals, IT services and cables, alongside notable exits in PSU banks, oil & gas, utilities and capital goods, JM Financial data shows.

Mutual fund advisors are predicting 2025 as the year for hybrid funds, especially for new investors navigating economic uncertainties. Conservative hybrid funds, with a majority in debt and a small equity portion, offer a cautious entry. These funds aim for modest equity gains while prioritizing capital preservation. Experts highlight specific schemes for consideration.

Chhatrapati Shivaji Maharaj Jayanti: This significant holiday commemorates the birth anniversary of the Maratha ruler. While banking services are unavailable in Maharashtra, branches in other Indian states will operate as usual. Customers are advised to verify holiday status for any bank-related tasks.

The Supreme Court has settled a family land dispute between two brothers, awarding one a 5/16th share in ancestral HUF properties. The court ruled that acquisitions made during joint family existence are presumed joint unless proven otherwise. The other brother retains select self-acquired lands, with the apex court upholding lower court findings.

Retail investors are shifting their savings from low-interest bank accounts to Liquid and Overnight funds, attracted by the Instant Redemption feature. This allows for quick access to funds within minutes, enabling investors to earn higher returns of 6.5% to 7% while maintaining liquidity for everyday needs and emergencies.