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 Rivaah Aashirwaad jewellery purchase plan offers you the unique opportunity to get a great discount of up to 40% on the making charges of your dream gold jewellery. Photo: Mint
Effective today, the real time gross settlement (RTGS) system will be available 24x7.
Effective today, the real time gross settlement (RTGS) system will be available 24x7.

New RTGS timings from today: 5 things to know

  • The RTGS system is primarily meant for high-value transactions. It happens on a real-time basis
  • Currently, RTGS is available for customers from 7.00 am to 6.00 pm on all working days of a week

There are two dates relevant for ITR filing. One is due date and the other is last date. (Mint)
Missing the instalment may result in lapsation of policy and late payment may mean no cover for that period (Mint)
According to PNB, customers can now easily withdraw money above  ₹10,000 between 8 PM to 8 AM.
Usually companies which pay high dividends are mature businesses (Mint)
FILE PHOTO: A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad, India, September 20, 2018. REUTERS/Amit Dave (REUTERS)
FILE PHOTO: A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad, India, September 20, 2018. REUTERS/Amit Dave (REUTERS)

Returns on my investments

A portfolio must have an ideal mix of financial products Here's a look at how four commonly used asset types—equity, cash, gold and fixed income—have done in different periods

PFRDA has now permitted its intermediaries to use of Video-based Customer Identification Process (VCIP) for NPS subscribers
Photo: iStock
Photo: iStock

Dividend income in India is taxed for NRIs

  • As an NRI under the income tax law, if the withholding is at 20% plus applicable surcharge and 4% health and education cess and you do not have any other taxable income in India, then you are not required to furnish income tax return in India.

Traditionally, banks and financial services companies like Amex, Citigroup Inc. and JP Morgan Chase and Co. have been large spenders on IT, accounting for more than a quarter of the revenues of India’s top technology firms. (Traditionally, banks and financial services companies like Amex, Citigroup Inc. and JP Morgan Chase and Co. have been large spenders on IT, accounting for more than a quarter of the revenues of India’s top technology firms.)
Traditionally, banks and financial services companies like Amex, Citigroup Inc. and JP Morgan Chase and Co. have been large spenders on IT, accounting for more than a quarter of the revenues of India’s top technology firms.
(Traditionally, banks and financial services companies like Amex, Citigroup Inc. and JP Morgan Chase and Co. have been large spenders on IT, accounting for more than a quarter of the revenues of India’s top technology firms.)

Bank holidays December 2020: Check full list here

Here is a complete list of bank holidays in December

Photo: iStock
LTCG or LTCL is calculated as the difference between the net sale consideration (Mint)
Photo: mint
Insurers find it difficult to price covid insurance so dynamically when they have limited insight into disease incidence rates and little control on costs (Shutterstock)
Insurers find it difficult to price covid insurance so dynamically when they have limited insight into disease incidence rates and little control on costs (Shutterstock)

Covid claims put health insurance ecosystem to test

Creating small ecosystems, in which all stakeholders can work well, may help

Photo: HT
From July 2019, RBI stopped levying charges on transactions through NEFT and RTGS.
In view of the ongoing pandemic and the vulnerability of elderly population to coronavirus, EPFO has extended the time limit, says govt
Any number of accounts can be opened under the KVP scheme.
For total income of more than  ₹50 lakh, marginal relief applies in such a manner that the net amount payable as income tax and surcharge shall not exceed the total amount payable as income tax on total income of  ₹50 lakh by more than the amount of income that exceeds  ₹50 lakh.
For total income of more than 50 lakh, marginal relief applies in such a manner that the net amount payable as income tax and surcharge shall not exceed the total amount payable as income tax on total income of 50 lakh by more than the amount of income that exceeds 50 lakh.

Is your total income 51 lakh? You pay tax only on 50 lakh. Here's how

If your taxable income is above 50 lakh, your marginal tax rate is not just 30%. When you include surcharge and cess, it can shoot up drastically.

CoinSwitch Kuber is the app-only platform which receives all its traffic via mobile devices. (Reuters)
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