Page 397 - Personal Finance

I-T refunds worth Rs 1.83 trn issued to 20.7 mn taxpayers so far in FY22

This includes personal income tax refunds of Rs 65,498 crore to over 2.04 crore assessees and corporate tax refunds of Rs 1.17 lakh crore to 2.30 lakh entities

Exit small-caps with high valuations and poor basics, say analysts

MF investors must limit allocation to 10% and have five-seven-year horizon

Employer has to pay damages for delay in payment of EPF contribution: SC

The top court said that the Act casts an obligation upon the employer to make the compulsory deduction for provident fund and to deposit in the workers' account in the EPF office

Appoint two-three key people as life policy's nominees, say analysts

Buyers should look it up to see which insurers have been quicker in settling claims.

Don't bank just on EPS as its pension payouts are paltry, say analysts

At present, it is mandatory for employees who earn a basic salary plus dearness allowance (DA) of up to Rs 15,000 to enrol in EPS

Prevent NRIs' PAN from being declared inactive

The I-T Department hasn't made provision for allowing those ineligible for Aadhaar to mark their PANs, so the latter can be kept active after March 31

EPFO mulling pension scheme for formal workers with basic wage over Rs 15K

At present, all those employees in the organised sector whose basic wage is up to Rs 15,000 per month at the time of joining service are mandatorily covered under EPS-95

Allowing your life insurance policy to lapse carries a very high cost

You will lose out on the cover, pay a surrender charge, and usually end up paying a higher premium when you buy a new policy

Good time to invest in commercial realty as firms bring employees to office

Leasing of space is likely to rise as Covid-related uncertainties reduce and hybrid work model becomes the norm

Fund pick: ICICI Pru Short Term Fund

Fund pick: ICICI Pru Short Term Fund

Headphones to help you migrate from the real world to the virtual

You might want to buy a new set of headphones even as offices and recreational centers throw open the doors, because digital will continue to be a large part of the way you communicate, going forward

A snapshot of car loan rates offered by various banks with details

Here is how the new car loans premiums offered by various banks stack up

Still have 80D limit? Avail of deduction on health check-up, say experts

To make use of Section 80DDB deduction, get a specialist's certification

Minor rise in interest rates won't impact home loan demand: Deepak Parekh

Says rates are at historic lows now; a housing loan is a long-term loan during which rates move up and down and a customer who wants a house won't hold back just because they are rising currently

Suffered income loss? Opt for an interest-only home loan facility

Remember the reprieve you earn from paying full EMI comes at a price

Of 62.6 mn income tax returns filed for FY21, 45 mn processed, says CBDT

More than 5.41 crore income tax returns (ITRs) filed have been verified and 1.58 crore refunds amounting to Rs 31,857 crore for AY 2021-22 (2020-21 fiscal) have been issued

Geopolitical tensions, global inflation to put shine on gold

Keep an eye on real interest rates: if they move up, gold may lose its sparkle

Home insurance policy: Buyers, now get ready for structural audit

Fortify yourself further by purchasing adequate insurance cover for the building and its contents

EPFO to take call on interest rate for 2021-22 in March meeting

In March 2020, EPFO had lowered interest rate on provident fund deposits to a seven-year low of 8.5 per cent for 2019-20, from 8.65 per cent provided for 2018-19.

Huge rush for Small Savings Schemes in FY22 amid falling bank FD rates

Take into account tax benefit and payout frequency as well when selecting a scheme