Page 20 - Personal Finance

Now, file rectification requests online for incorrect ITR processing

New feature added to the ITR portal streamlines rectification process, which previously required manual submissions and was often fraught with delays and complications

Key financial changes coming into force from Jan 1 that taxpayers must know

Several key financial deadlines have changed, including filing belated income tax returns (ITR) by the due date and availing of Vivad Se Vishwas scheme

Health insurance claims rejection up 19.10% in FY24: Irdai report

A claim is rejected or disallowed when an insurance company refuses to process it due to specific issues with its validity

These rule changes will impact how you file Income Tax returns in 2025

July 2024 steps will shape tax deductions and exemptions that can be claimed when filing an Income Tax Return (ITR) in July 2025

Build debt fund portfolio diversified across duration, watch volatility

Take limited exposure to longer-duration debt funds; match horizon with fund's portfolio duration

Key Financial Planning Tips Before Starting Your Career

In this episode of Manager’s Mantra, Harsh Gahlaut, Founder & CEO of FinEdge, shares expert advice on launching businesses, managing global teams, and mastering personal finance.

From the humble chai to boutique teas, a beverage for all seasons

India is home to some of the most exquisite and premium teas, cherished for their unique flavors, but the humble chai holds its own special place even among aficionados

Looking for term insurance? These are the life cover policies available

Term insurance policies are a must for young professionals who have dependants and looking to insure their financial future

Loan moratorium: Understand benefit, impact, smart borrowing tips

It helps borrowers facing financial crisis but may result in accumulated interest on loan

How non-participating plans by insurers work as investment option

Lock-in returns for long-term with these plans from insurers

Delhi Mukhyamantri Mahila Samman Yojana registration begins: How to enroll

Scheme will provide eligible women above the age of 18 monthly assistance of Rs 1,000

Non-life insurers' profit in green in FY24 after 2 straight years of losses

Net profit of life insurance companies rose by 10.79% Y-o-Y in FY24 to Rs 47,407 crore

Over Rs 20k cr of unclaimed amounts lie with life insurers at end of FY24

Irdai also adopted several measures to reduce existing unclaimed amounts, asking insurers to prompt policyholders to update their contact details at the time of renewal

Say no to NFOs, buy direct plans and seek suggestions from Sebi RIAs

Sebi's new rule is a positive step towards investor protection. It will reduce mis-selling by aligning distributor incentives with investor interests and discourage unnecessary portfolio churn

Algo trading: Understand risks, have realistic return expectations

The circular is expected to provide retail investors access to registered and approved algos, ensuring their interests are protected

Govt staff can get reimbursement for emergency help at non-CGHS hospitals

Delhi High Court clarifies rules after petitioner says she could not locate a hospital empanelled under the CGHS scheme for emergency surgery

Evaluating individual fund: Base decisions on 8 quarters of performance

If you need money for an emergency, your goal is near, or with advancing age you prefer a lower allocation to equities, consider redeeming

Steep rise in premium, poor claim experience? Consider porting your policy

Check for loopholes in coverage, like sub-limits, and evaluate whether you need to augment coverage through a super top up policy

PAN 2.0 targeted for fraud: How to protect yourself from misinformation

If you need to apply for a reprint of your PAN card, you can it through the websites of Protean or UTIITSL

Vivad Se Vishwas Scheme 2024: Income Tax department releases new FAQs

The scheme allows taxpayers to settle disputes with the government; check out who can avail of it