The clarification came as the employees, in many cases, have donated a portion of their salaries the the fund through their employers.

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The due dates for issuance of any notice, intimation, notification, approval or sanction order, has also been extended by a period of three months.

The Budget this year introduced a new income tax regime under which individuals can opt for lower tax rates provided they don’t avail certain exemptions and deductions otherwise available under the law.

However, if someone wants to buy a comprehensive health cover, it would cost them Rs 8,000-11,000 for Rs 10 lakh sum insured.

As of February 29, 2020; equities outperformed gold over the trailing 10-, 15- and 20-years, delivering annualised 10.39%, 13.89% and 12.0% respectively compared with 8.16%, 12.59% and 11.49% respectively delivered by gold.

A one-year deposit with the country's largest lender earned interest at the rate of 5.7%, which works out to a 3.99% effective yield, assuming a tax rate of 30%.

Currently motor insurance has a 38-40% of market share of new premiums in non-life industry and weak auto sales number would further impact motor insurance business in the months to come.

Patience, perseverance and quality stocks are needed to win the game of equity investments.

Equity investors can tilt portfolio allocation towards large-cap and multi-cap mutual funds.

Currently, there are several health insurance products in the market and every insurer designs products basis their underwriting guidelines, claims experience, risk assessment.

Increase your allocation to gold via the gold fund route from the safety and comfort of your home.

For example, PPF offers you returns of 7.1% per annum completely tax-free whereas an 8% FD may offer you only 5.6% if you’re in the 30% slab.

Investing in high-quality companies and proven MF schemes always pays in the long term and these would be the first to recover

Closing a home loan account involves outstanding loan repayment, signing some forms, request for return of original documents, collecting no-dues certificate as well as the final interest payment certificate.

Make sure that you have the contact information of your reporting manger and HR department in a diary or phone or a place where your spouse can access the same easily.

The first tranche of Sovereign Gold Bond (SGB) this financial year is on till April 24, and investors who apply and pay digitally get a Rs 50 per gram discount on the Rs 4639 per gm price of each bond

Under the Pradhan Mantri Garib Kalyan Yojana, launched on March 26, a provision exists for withdrawal from one’s provident fund accumulation to fight the pandemic.

The due date for depositing statutory contributions, aggregating one-fourth of one employee’s monthly wages, towards provident fund, to be deposited by an employer, falls within the first 15 days of the next month.

Debt schemes of mutual funds for long have been seen as low risk, but shuttering six schemes and leaving investors in a lurch will impact investor sentiment.

The order issued by the state finance department will impact over 16 lakh state employees and officers, approximately three lakh teachers and 12 lakh pensioners.

Experts said the debacle at Franklin could lead to redemptions from other debt schemes. Investors could lose a big chunk of the Rs 25, 800 crore worth of assets held in the six debt schemes that Franklin has wound down.

Franklin Templeton MF also said that their commitment to India remains steadfast as they have been early as patient investors in India.

As credit risk funds may see redemption pressure because there are no takers for lower-rated paper, investors can opt for liquid and overnight funds.

The RBI recently allowed banks to use Video KYC to validate loans and credit card applications. Video KYC is another effective mechanism to accelerate application processes wherein customers can use their smartphone cameras to validate themselves before a bank-appointed officer.

The Irdai data showed that LIC saw its new business premiums at Rs 1.77 lakh crore in 2019-20 compared to Rs 1.42 lakh crore in the previous fiscal — a growth of 25.17%.

The motor third-party obligation of each insurer should be linked to the number of vehicles insured instead of premium derived from this segment, says Irdai panel.

The year 2020 is not going to be a year to forget. Understanding the nuances and re-learning the basics is a good thing to do.

Q4 Ebitda was in line with estimates; RIL on track to be debt free by end FY21, which could drive rerating; TP revised to Rs 1,618.

Equity markets in India and across the globe have corrected sharply on concerns over global growth amid the coronavirus outbreak.

While the third-party (TP) premium depends on your vehicle’s cubic capacity (CC), the motor own-damage is calculated basis the RTO/city you reside in and the make year and model of your car.

Reduce your debts, cut expenses and choose investment products prudently to build your retirement corpus.

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