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An employer pays HRA to the employee to provide for his rented accommodation. (Photo: iStock)
From this month, auto-debit of APY contributions, stopped till June 30 in the wake of COVID-19 outbreak, has also resumed. (Photo: iStock)
From this month, auto-debit of APY contributions, stopped till June 30 in the wake of COVID-19 outbreak, has also resumed. (Photo: iStock)

Atal Pension Yojana: You can now change contribution anytime

  • PFRDA has asked banks to process requests for change in contribution amount anytime during the year
  • Earlier, Atal Pension Yojana subscribers were allowed to make the change only once in April

Gratuity is a lump sum amount paid by an employer to its employee when she leaves the company after completing a minimum of five years. (Photo: iStock)
Photo: iStock
Photo: iStock

Here’s how students can ease their education loan worries

  • For students and recent graduates, repayment of their education loans has become a big problem
  • Due to the pandemic, RBI announced a moratorium for all term loans, incl education loans, If a relative has a home loan, it could be a good idea to take a top-up on it, use it to repay the education loan

Photo: Reuters (REUTERS)
Photo: Reuters (REUTERS)

Exemption for LTA will not be available if you opt for the new tax regime

Accumulated PF balance due and payable to the employee i.e. balance to his credit on the date of cessation of his employment, is exempt from tax if he has rendered continuous service for a period of five years or more

Photo: iStock
Photo: AFP (AFP)
Representational image (Photo: Mint)
Currently gold is hovering around  ₹49,000 levels in the futures market. (REUTERS)
While the policy features and wordings of Corona Kavach are the same across insurers, there’s a stark difference in the premiums. Photo: PTI
While the policy features and wordings of Corona Kavach are the same across insurers, there’s a stark difference in the premiums. Photo: PTI

Compare the premiums of Corona Kavach policy

  • Corona Kavach policy will pay for PPEs, gloves, masks and other similar expenses related to covid-19 treatment

Just like you pay your utility bills through auto debit instructions, you will be able to invest in NPS once the SIP facility is launched.
Public sector banks (MINT_PRINT)
Up to 9% interest on fixed deposits (FDs) offered by select small finance banks. (Mint)
Gold bonds: Price has been fixed at  ₹4,852 per gram
Photo: Bloomberg.
Photo: Mint (Mint)
Photo: Mint (Mint)

Active fund management is still relevant albeit for a different reason

Active funds need to focus on their ability to drive social change, besides giving alpha

Photo: Mint (Mint)
Photo: Mint (Mint)

You can withdraw previous PF corpus if current employer doesn’t support it

Any income accrued over and above is taxable as income from other sources in the year of accrual

Photo: iStock
The GIC has proposed different rates per day for NABH-accredited hospitals and non-NABH-accredited hospitals based on the severity of the case. Photo: ANI
Excess cash with banks averaged Rs39,700 crore ($6.2 billion) last week, compared to a peak of more than 5 trillion rupees in March, according to Bloomberg Intelligence India Banking Liquidity Index. Photo: Hemant Mishra/Mint
Excess cash with banks averaged Rs39,700 crore ($6.2 billion) last week, compared to a peak of more than 5 trillion rupees in March, according to Bloomberg Intelligence India Banking Liquidity Index. Photo: Hemant Mishra/Mint

How much tax do you pay on your investment?

The Budget 2020 has not made too many changes to taxes, except the abolition of DDT. Here is a look at the various taxes that apply to some of these instruments under categories

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