Under Section 80(D), you can claim deductions of Rs. 25,000 (up to Rs. 50,000 if the insured is a senior person) on paid health insurance premiums. Deductions are allowed for the individual, spouse, children, and parents.

PM Kisan Yojana 17th installment 2024:The central government will release the 17th installment of Prime Minister Narendra Modi's flagship scheme - PM Kisan Yojana - soon. Know whether an income tax paying farmer or his/her spouse is eligible to get benefits under this scheme.

Mutual fund investors invest through a systematic investment plan (SIP) or lump sum. Capital gains made in both ways are taxed as short-term and long-term capital gains. Short-term capital gains are taxed at a 15 per cent rate, while long-term capital gains are taxed at 10 per cent. One gets Rs 1 lakh tax relaxation on long-term capital gains. Beyond those gains, they have to pay a 10 per cent tax. Know more about such tax intricacies through expert calculations.

Mutual Fund Tax Treatment: As per Indian tax laws, any equity fund with more than 65 per cent exposure in Indian equities are defined as an equity funds for tax purposes. Gains from equity funds are taxed at 15 per cent if sold within 12 months (short-term capital gains), and at 10 per cent, if sold after 12 months (long-term capital gains).

Such fund schemes allow investors to limit their mutual fund scheme exposure, such that as and when the equity allocation becomes more than 65-75 per cent, the fund manager is obligated to reduce it, thus facilitating auto allocation.

So, be mindful of the fact, that you cannot as per your discretion access your corpus in PPF account.

Flexi-cap mutual funds unlike other equity funds have specific mandates (e.g., large-cap funds invest predominantly in large-cap stocks), flexi-cap funds have no fixed allocation requirements. They can invest dynamically based on market conditions and the fund manager's discretion.

Income tax:As per CA Ruchika Bhagat, MD, Neeraj Bhagat & Co., choosing the right tax regime from the old tax regime and the new tax regime can help taxpayers save more tax.

Pradhan Mantri Jeevan Jyoti Bima Yojana:Anyone between the ages of 18 and 50 who has an account with participating banks or post offices is eligible to enroll under this scheme.

The largest holdings of the fund, which has invested over 95 per cent in equities, include Reliance Industries, Jio Financial, Adani Power, TCS, Hindalco Industries and Aurobindo Pharma among others.

PPF account maturity:Public Provident Fund (PPF), a small savings, long-term investment scheme backed by the government, is a tax saving scheme that provide stable returns. Deposits in PPF qualify for deductions under Section 80C of the Income Tax Act, while the interest earned in the account is free from income tax under Section 10 of the I.T. Act.

The CEO of NeoFinity states that the integration of Blockchain technology is set to revolutionize the insurance industry by enhancing transparency, reducing fraud, and facilitating seamless transactions.

To borrow money against your life insurance, you must have a policy with cash value, which is often found in permanent life insurance policies. Term life insurance is ineffective in this situation since it has no monetary value.The reason you need adequate cash value in your life insurance is to utilise it as collateral for a loan.

In your journey to retirement planning, the combination of systematic investment plan (SIP) and systematic withdrawal plan (SWP) in mutual funds can be effective investment tools. While SIP in a mutual fund may help you build a sizeable retirement corpus, SWP may help you get a decent monthly pension.

With the rising demand in the affordable housing segment, this product aims to make home ownership more accessible for a wider range of borrowers in the country, it said.

Experts also maintain that as economies like China are increasing their gold reserves in order to reduce their exposure to dollar, gold has been scaling new peaks.

5-year NSC vs 5-year FD: Ever compared how two fixed income instruments with similar annual interest rates but different compounding frequencies? Compare the Five-Year Post Office Time Deposit (fixed deposit) and the Post Office National Savings Certificates (NSC) here to understand the true power of compounding. The examples and figures may leave you with some food for thought this weekend.