The Income Tax Department is investigating individuals who have made political donations of ₹5 lakh or more to lesser-known political parties in FY 2020-21. Tax officials have sent a list of questions to these donors to scrutinise their donations and ensure they are legitimate. Money Laundering Concerns in Political Donations In some cases, donors gave …
In a major move to enhance operational efficiency and improve user experience, the Employees’ Provident Fund Organisation (EPFO) has introduced two significant changes in its claim settlement process. These simplifications are aimed at strengthening the Ease of Living for EPF members and promoting Ease of Doing Business for employers. No More Cheque Leaf or Passbook …
With the start of the new financial year, the process of filing Income Tax Returns (ITR) for the assessment year 2025-26 has begun. Taxpayers can file their ITR from April 1 for the previous financial year. However, most companies provide Form 16 only after mid-May, causing many people to delay their tax filing. But did …
With the March 31 deadline approaching, taxpayers still have time to save on taxes by making smart investments. Those opting for the old tax regime can claim deductions under various sections of the Income Tax Act of 1961. Tax-Saving Options Under the Old Tax Regime Section 80C – Get up to ₹1.5 lakh deduction by …
The Jharkhand Mukhyamantri Maiya Samman Yojana is a welfare program designed to provide financial support of ₹2,500 per month to economically disadvantaged women across the state. Launched to empower women and enhance their financial security, this initiative is available to women aged 18 to 50 who are part of families holding ration cards issued by …
IDFC FIRST Bank has received authorisation from the Central Pension Accounting Office (CPAO), Government of India, to disburse pensions to central government pensioners. With this approval, the bank will now facilitate pension payments for retired All India Service Officers, former Members of Parliament, retired High Court and Supreme Court judges, ex-presidents and Vice Presidents, and …
When the government launched the Sovereign Gold Bond (SGB) scheme, it was initially seen as a lucrative investment opportunity for individuals while reducing India’s dependence on gold imports. However, the scheme has turned into a financial challenge for the government due to soaring gold prices. While investors have reaped significant returns, the government is now …
Ahead of the Delhi Assembly elections, former Chief Minister Arvind Kejriwal unveiled the ‘Mahila Samman Yojana,’ a welfare scheme aimed at financially supporting women in Delhi. Under this initiative, the Delhi government will provide ₹1,000 to women every month. Kejriwal assured that if the Aam Aadmi Party (AAP) wins the 2025 Delhi Assembly elections, this …
A new financial year has begun, and companies across various sectors will be implementing salary hikes to recognise employee contributions. While you celebrate this personal financial boost, you must also plan your finances strategically. In this article, we highlight how you can manage your salary hike effectively for a secure financial future Utilising Your Salary …
Building a significant investment corpus of ₹65 lakh within a relatively short span of 5 years may appear challenging at first glance. Shorter investment horizons typically involve higher risks and uncertainties. However, by adopting strategic planning, disciplined investing, and a well-diversified portfolio, investors can considerably enhance their prospects of meeting their financial goals. Importance of …
