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Tax department could demand ₹500 crore from Congress in reassessment order: Report

For AY 2018-19 ₹135 crore has already been recovered from the Grand Old Party. Besides, the next date of hearing for notice related AY 1994-95 in Supreme Court is April 1.

1 min read05:43 PM IST
Infographic

NPS schemes deliver impressive 39% return on equity investments in the last year

In the last year, equity investments in National Pension System (Tier-1) accounts have delivered impressive returns of 33-39 percent. Among the 10 pension fund managers of NPS, Tata Pension Fund provided the highest return of 39.74 percent.

1 min read01:55 PM IST
Money

Income Tax: Deadline to seek tax exemption via ELSS is today, not March 31. Here's why

Invest in ELSS tax saver before the markets close for three days starting today to ensure tax exemption. Other non-equity investments like NPS, PPF, or insurance can be made on weekends through online transactions.

1 min read12:10 PM IST
Money

Confused about taxes? Here's how salaried women can reduce their tax burden

Financial planning is crucial for salaried women due to lack of financial literacy. Tax-saving strategies include overlooked avenues for substantial savings. Life endowment policies offer tax advantages applicable to both men and women, while ELSS mutual funds provide flexibility.

3 min read27 Mar 2024
Money

Income Tax: Donating money? Here's how much tax you can save under these sections

Charitable contributions can serve as an effective method to decrease your tax liability in India while also supporting meaningful causes.

3 min read27 Mar 2024
Web Stories

NPS: 5 key considerations for retirement planning in India 2024

Consider key factors before investing in NPS for retirement planning in India 2024, including diversification, inflation protection, contribution flexibility, and professional fund management.

1 min read27 Mar 2024
Money

Atal Pension Yojana: War of words erupts between Nirmala Sitharaman and Congress leader Jairam Ramesh

Jairam had quoted a study by Indian Council of Social Science Research to assert that nearly one-third of subscribers who dropped out of the pension scheme did so because their accounts were opened without any explicit permission.

1 min read26 Mar 2024
Money

Retirement planning: 5 things to remember while investing in NPS

The NPS is a long-term retirement savings scheme for Indian citizens, offering diversification, tax benefits, and professional fund management. It consists of a dual-tier structure, requires long-term commitment, allows asset allocation choices, and is managed by professional fund managers.

2 min read26 Mar 2024
Videos

No Money Is Enough When...: Why Retirement Scares Mirae's Swarup Mohanty | 'Medical Inflation Next'

Swarup Mohanty Interview - Swarup Mohanty, the CEO of Mirae Asset Mutual Fund is scared of retiring. Mohanty is 'paranoid' because he firmly believes that India is going to face a medical inflation, and the cost of healthcare will be much higher than it is now. Hence, he has a health cover of a whopping ₹4 crore for his family. Mohanty & his wife are also art connoisseurs, and invest quite heavily in artwork. On this episode of Guru Portfolio, a riveting chat with the CEO of India's only mutual fund which has 100% foreign ownership - watch!

26 Mar 2024
Money

ITR Filing: 14% of US NRIs struggle with double taxation, says survey

A considerable number of NRIs view double taxation as the major obstacle, which happens when they are taxed on the same income in both India and their country of residence.

2 min read25 Mar 2024
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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