Page 370 - Personal Finance

Leave encashment limit for non-govt employees hiked to Rs 25 lakh: CBDT

The CBDT circular dated May 24 stated that the increased leave encashment limit will be applicable from April 1, 2023

Invest severance package in debt funds, use SWP to create cash flows

Part of this money should also go into creating an emergency corpus equal to 12 months of expenses

CBIC extends April GST return filing deadline for Manipur biz till May 31

The CBIC has extended the deadline till May 31 for Manipur-based businesses to file monthly GST returns, as the north eastern state continues to witness violence due to ethnic clashes.

Assess your affordability before purchasing amid housing market buoyancy

People in sectors witnessing layoffs should be especially cautious

Conservative investors eyeing regular income can opt dividend yield funds

Hold them for at least five years, and withdraw money via the more tax-efficient SWP route

Single moms struggle with finances, experts advise brushing up on planning

Being a single mother is hard because women in most cases have scant understanding of financial planning, tend to rely on others for decisions

I-T dept enables filing of income tax returns 1, 4 at e-filing portal

The Income Tax department has enabled online filing of income tax returns (ITRs) 1 and 4, filed by individuals, professionals and small businesses, for 2022-23 fiscal

Rs 2,000 note withdrawal: Do not panic, you're not back in November 2016

Those with accounted cash shouldn't worry; but be aware of SFT reporting thresholds, limits on cash transactions, and PAN requirement

What is RBI's 'Clean Note Policy', why are notes being withdrawn under it

The Central Bank introduced Rs 2,000 note in 2016 but stopped printing fresh notes by 2019. Now, under the 'Clean Note Policy', the note has been completely withdrawn. Here's all you should know about

Have realistic expectations from your investments

An investment's six-month performance is akin to data shown on TV during a match - useful to know which way the match is going, not select a batsman

Fractional ownership platforms make commercial real estate accessible

Until they come under Sebi's MSM REIT framework, retail investors must rely on their own due diligence when investing through them

Overseas debit, credit card payments up to Rs 7 lakh a yr out of LRS: Govt

These transactions will not attract tax collected at source

A snapshot of car loan interest rates offered by various firms with details

Here is how the car loan rates offered by various firms stack up

Fund pick: HDFC TaxSaver Fund

Fund pick of HDFC TaxSaver Fund

Comfort and security: what does it take to set up a smart home

Switches, locks, lights: the devices you must have to be in control wherever you are

Your credit card payments overseas will attract a 20% TCS from July 1

For every $100 you spend abroad using your international credit card, you will need to fork out $120 and then claim it when you file your tax return

Select small-cap fund manager with proven expertise in this segment

As a result, small-cap funds have garnered the maximum inflows among all equity categories in March (Rs 2,430 crore) and April (Rs 2,182 crore) 2023, according to data from the AMFI

Have dependent family members? Buy return of purchase price annuity

Buy without return of purchase price plan if your retirement corpus is small

HDFC launches India's first mutual fund focused on defence sector

The fund's focus would be on growth and quality at reasonable valuations by investing across large, mid and small cap stocks

This is how EPFO's calculator calculates pension on pro-rata basis

Under the old EPS pension scheme, basic salary cap is taken to be Rs 6,500 until Aug 31, 2014 and Rs 15,000 thereafter