Page 4 - Finance

22,000 EPFO members get higher pension: How to track your application

As many as 1.749 million applications were received by July 11, 2023. In a final extension, employers were given a last opportunity to forward applications for pensions on higher wages by January 31

Budget 2025: Which tax regime is better for deductions, exemptions

Individuals earning up to Rs 12,00,000 per annum exempted from income tax; salaried taxpayers get additional Rs 75,000 standard deduction

Budget 2025: All the latest tax rates and holding period for all assets

Unit Linked Insurance Plans (ULIPs) with annual premiums exceeding Rs 2.5 lakh will now be subject to long-term capital gains (LTCG) tax at a rate of 12.5%, effective from April 1, 2026

Budget 2025: No tax relief for crypto investors, new compliances introduced

Virtual Digital Assets (VDAs) are now classified as undisclosed income. So if unreported crypto gains are detected, tax authorities can levy a 60% tax along with a hefty 50% penalty on the tax amount

HDFC MF offers new scheme tracking Nifty100 Quality 30 Total Returns Index

Fund house says scheme meant for investors seeking 'financially stable and resilient companies with robust balance sheets'

Shivalik Small Finance Bank offers 9.30% interest to senior citizens on FD

Lender offers interest rate of 8.80% on fixed deposits for general citizens and 9.30% on FDs for senior citizens on select tenures

Unified Pension Scheme notified for central govt employees: What it offers

Policy will come into effect from April 1 and is expected to benefit over 2.3 million central government employees

Secondary bond market: What retail investors must know about rates, yields

Experts recommend spreading investments across different bond types, sectors and credit ratings to reduce risk

Rupee strengthens to 86.33 as dollar index falls, RBI swaps aid gains

The dollar index, which measures the strength of the greenback against a basket of six major currencies, fell by 0.8 per cent to 107.97

Top premium credit cards for 2025: Check benefits that stand out

Cards offer benefits like free movie tickets, travel rewards, points and perks

Budget 2025: What is Direct Tax Code and will it replace Income Tax Act?

The Direct Tax Code is expected to be introduced in Budget 2025 and implemented gradually thereafter. The government is following a consultative process to ensure smooth implementation.

Sanchar Saathi App: How you can help fight cyber fraud and stay secure

The Sanchar Saathi app is an extension of the Sanchar Saathi portal, launched by the government in May 2023

Bollywood actor Amitabh Bachchan sells duplex flat in Mumbai for Rs 83 cr

Square Yards' analysis, based on a review of IGR registration documents, reveals that the duplex apartment was purchased by Bachchan for Rs 31 crore in April 2021 and was currently sold for Rs 83 cr.

Budget 25: Will changes occur in 80C, 80D, or other tax-saving provisions?

Amid rising healthcare costs, there is growing demand to raise the tax deduction limits under Section 80D for health insurance premiums

RBI issue revised guidelines for inoperative accounts, unclaimed deposits

Purpose is to assist bank customers and consolidate operational instructions on inoperative accounts

SBI reward scam: What is it and how to stay safe

SBI never sends links or files via SMS or WhatsApp messages for redeeming rewards

Indians visiting Dubai can use UPI to shop cashless at duty free shops

Collaboration between India and UAE will expand to other sectors such as retail, hospitality, transport, supermarkets

Facing a financial crunch? Here's how to pause your SIP payments

Step allows mutual fund subscribers to keep their funds invested and likely benefit from market recoveries during the pause period

NPCI clarifies misconceptions about Jumped Deposit scam, no fraud reported

NPCI clarified that simply opening a UPI or bank app does not approve transactions. Users must explicitly authorise payments by entering their UPI PIN for processing

Federal Bank hikes FD rate to 8%, adds special tenure with high interest

Bank has added a new tenure of 444 days, offering the highest interest rate of 7.50% for general citizens