Here’s a detailed look at the scenario and key aspects of a loan against LIC policy, including eligibility, loan amount, interest rates, repayment tenure, and how you can apply. Loan Against LIC Policy with a Yearly Premium of ₹50,000 and 15-Year Policy Duration Consider the following: Policyholder: Rahul Sharma Policy: LIC Endowment Policy Premium: ₹50,000 …
Among the various initiatives aimed at enhancing women’s financial security and independence, two well-known schemes stand out—the Mahila Samman Savings Certificate (MSSC) and the Mahila Samriddhi Yojana (MSY). With the introduction of new and upcoming government schemes for women, it’s natural to feel a bit overwhelmed when trying to understand the different benefits each one …
Accumulating a substantial amount like ₹75 lakhs is a major achievement in building wealth. While various strategies exist, a Systematic Investment Plan (SIP) is often highlighted as a highly effective and structured approach. SIPs not only facilitate regular savings but also enable your money to grow considerably over time. This article will explore the likelihood …
Many salaried employees in India live in housing societies where they pay rent to their landlords and an additional maintenance fee to the society. A common question that arises is whether these maintenance charges qualify for tax exemption under the House Rent Allowance (HRA) provisions. Let’s break down the details in a simple and engaging …
Gold prices fluctuate daily based on global market trends, demand, and currency exchange rates. Staying updated on these changes is essential for investors, jewellers, and buyers to make informed decisions. Check out today’s gold rates in Dubai. Dubai Gold Rate Comparison: Today vs. Previous Session The table below shows the per-gram and 10-gram gold prices …
The Income Tax Department has recently issued notices to several taxpayers across India who have been paying rent of ₹50,000 or more per month but failed to deduct Tax Deducted at Source (TDS). This move is aimed at ensuring compliance with tax laws and preventing revenue leakage. If you are a tenant paying such a …
Empowering women through financial support and savings is a key focus of government schemes in India. Two such initiatives are the Mahila Samman Savings Certificate (MSSC) and the Delhi Mukhyamantri Mahila Samman Yojana (DMMSY). While MSSC is a savings scheme with attractive interest rates, DMMSY is a direct benefit transfer initiative for financial assistance. Below …
The Mahila Samman Savings Certificate (MSSC) is a laudable step towards financial empowerment Indian women. It was launched by the Department of Economic Affairs, which comes under the Ministry of Finance. The scheme aims to provide a secure and attractive investment option for women and girls across India. Unique Benefits and Features of Mahila Samman …
Many tenants pay rent on time, file their income tax returns properly, and even claim House Rent Allowance (HRA). Yet, some still receive unexpected tax notices questioning their rent payments. The reason? A lesser-known Tax Deducted at Source (TDS) rule that applies to rent payments above ₹50,000 per month. Why Does the Income Tax Department …
The National Payments Corporation of India (NPCI) has instructed banks and payment service providers (PSPs) to update customer mobile number records before March 31, 2025. The move is aimed at addressing technical issues and growing fraud risks arising from recycled or surrendered mobile numbers. NPCI’s Directive to Banks and UPI Apps NPCI has made it …
