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PERSONAL FINANCE

Lottery prize tax

Ask Money Today: How is lottery prize taxed?

Jul 27, 2021

The motor car won by you in the draw also falls in the category of lottery. Payer of such income is required to deduct tax at a flat rate of 30 per cent on the value of such prize

Sebi's idea, however, does not go well with most financial planners and investors, who are citing the presence of MF Utilities platform

SEBI's wish for new MF platform triggers debate! Here are the pros and cons

Jul 27, 2021

The proposed platform would be a one-stop-shop for financial and non-financial mutual fund transactions. However, investors question the need of a new platform when Mutual Fund Utility (MFU) already exists

The app provides the complete calculation chart till the maturity of an investment.

Investing in PPF, Sukanya Samriddhi, SCSS, NSC? Calculate how wealthy you can become

Jul 23, 2021

To simplify calculations, Post Office of India has launched a new mobile application 'Postinfo' which provides a DIY 'Interest Calculator' for post office savings schemes.

Life Insurance Corporation of India

LIC unveils Arogya Rakshak health insurance plan; know how it will work

Jul 21, 2021

The Arogya Rakshak policy “provides fixed health insurance cover against certain specified health risks and provides timely support in case of medical emergencies and helps the insured and his family to remain financially independent in difficult times.”

HDFC AMC Chairman and veteran banker Deepak Parekh

Mutual fund industry has potential to grow exponentially, says HDFC AMC Deepak Parekh

Jul 17, 2021

Speaking on the country's economic growth, Parekh said growth is likely to be strong in FY22 on the back of a favourable base effect, supportive fiscal and monetary policy, and a buoyant global environment

Will profit arising at the time of sale of shares of a US company be taxed as capital gain?

Ask Money Today: What are income tax rules on sale of US listed shares?

Jul 16, 2021

Any profit arising on sale of the shares allotted under the ESOP or any similar scheme are taxed under the head capital gains

Zomato’s IPO is India’s biggest issue this year

Zomato IPO: Invest for listing gains, say analysts

Jul 15, 2021

Zomato IPO which will close for subscription on Friday has gained a lot of interest given the uniqueness of the company, large opportunity size and some evidence of scale economies

ICU requirement also reduced from 9.4% in unvaccinated to 5% in vaccinated

Here’s how much a vaccine can reduce your COVID-19 medical bills

Jul 13, 2021

Those who had completed two doses of vaccine, saw a reduction in the average length of stay (ALOS) by a mean of 2.1 days, ICU requirement by 66 per cent and a reduction of approximately 81 per cent in mortality

Is retiring at age 41 with Rs 3 crore in kitty a good idea?

Ask Money Today: Should I retire at age of 41 with Rs 3 crore?

Jul 09, 2021

A good health insurance cover for oneself and one's parents is a must

The bonus is paid out of the profits generated by the company's participating policyholders' funds for the year FY 2020-21

Reliance Nippon Life Insurance declares Rs 306.88 crore bonus for policyholders

Jul 05, 2021

This bonus issuance will benefit over 6,85,000 participating policyholders, a company release said

You need to work with actual figures to reach an adequate sum of insurance which would suffice for your family members

Is Rs 1 crore life cover big enough to secure your family?

Jun 30, 2021

The life cover you decide on should be adequate to help your family maintain the standard of living you would have provided for them always. To ensure an adequate cover, you will need to set your goals and make some easy calculations