Personal Finance

Tax relief: First-time homebuyers are missing a Rs 50,000 tax break — even banks don’t flag it, says expert

Many first-time homebuyers are unknowingly missing out on a valuable tax benefit—an additional ₹50,000 deduction under Section 80EE of the Income Tax Act. This provision offers extra relief on home loan interest payments, over and above the Rs 2 lakh deduction under Section 24(b).

A couple can claim a total tax deduction of up to Rs 7 lakh per year, with each individual being able to claim ₹3.5 lakh through Sections 80C and 24B, respectively.

Foreign asset declarations jump 45% as I-T dept cracks down on unreported income, says Finance Ministry
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Investment

His remarks spotlight a critical tension in India’s financial markets—booming participation but brittle fundamentals.

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Since October 2024, the Nifty has dropped nearly 14-15% from its all-time high. This remind us that markets don't move in straight lines.

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In an economy of rising numbers and climbing indices, Kalra's post reminded users of something harder to quantify — the cost of keeping up.

'Inflation’s up, stability’s gone': Delhi professional's 1970 vs 2025 middle-class life check hits home

Mukherjea calls it a “massive cognitive load.” The middle-class mindset — do your job, wait for your raise — must be dismantled.

'Your salary won’t save you': Saurabh Mukherjea says middle class must brace for a hard reset

Investing smarter: Turn Rs 10K/month into Rs 82 lakh with this SIP strategy

India is the second-largest consumer of gold globally, yet a significant portion of household gold remains unused and financially inactive.

'Investment hai… zarurat padti hai': Are Indians mistaking lifestyle spends for wealth-building?

For young Indians—especially women actively managing their finances—SIPs (Systematic Investment Plans) have emerged as one of the most dependable paths to long-term financial independence.

Start at 28, retire at 43? How disciplined investing through SIPs, compounding pays off faster than you think

5–10% of Indian middle-class households are now in a debt trap.

'Rs 70 lakh per annum is the new middle class': Banker exposes brutal truth of urban living

A mutual fund SIP at 12% CAGR can grow Rs 25,000/month into Rs 2.53 crore in 20 years, compared to just Rs 1.15 crore from a recurring deposit.

How playing it too safe with Rs 25K a month could rob you of Rs 1.38 crore — inside the Return Gap Trap

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Retirement Planning

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Insurance

Professionals splitting time between India and the UK can now opt for global health plans that eliminate the need for two separate policies.

Do cross-border professionals need two health policies or a flexible cover?

61% mothers prioritise child’s financial stability, 46% pick term insurance as first choice: Bajaj Allianz Life Survey

Flying without cover: SBI Card withdraws air accident cover on ELITE, PRIME cards

'₹1.8 crore cover, ₹18 lakh upfront': Your flight ticket does more than just get you abroad

Air India plane mishap: LIC and Bajaj Allianz ease documentation for crash victims' kin; check claim process

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Tax

Tax relief: First-time homebuyers are missing a Rs 50,000 tax break — even banks don’t flag it, says expert

Finance Ministry linked the 45% spike in offshore disclosures to AI-driven tax scrutiny and global data exchanges.

Foreign asset declarations jump 45% as I-T dept cracks down on unreported income, says Finance Ministry

Last year, NPCI introduced an interchange fee on prepaid payment instrument (PPI)-based merchant transactions through UPI.

Faster tax refunds ahead: NPCI enables real-time PAN and bank account checks

Virtual Digital Assets are defined as any form of information, code, number, or token that is generated through cryptographic methods or other means.

Crypto non-filers face Income Tax heat; I-T dept nudges investors to declare VDAs

Section 24 of the Income Tax Act, 1961, is your key to saving on the interest paid on home loans.

Big tax savings on loans: Are taxpayers claiming their full deductions on these loans? Check details

Under Section 244A of the Income Tax Act, taxpayers are entitled to simple interest at 0.5% per month (6% annually) on refunds due to them. Normally, returns filed by the standard July 31 deadline start accruing interest until the refund is issued.

Advance tax alert: June 15 is a Sunday — does paying advance tax on June 16 attract penalty, interest?

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Investment

'A massive concentration risk': Nithin Kamath says 80% of broker revenue tied to 2 contracts

'SIPs alone won’t secure your future', says this financial planner -- here's why goal-based investing matters

Start late, pay more: What happens when you delay your investments by 5 years?

'Inflation’s up, stability’s gone': Delhi professional's 1970 vs 2025 middle-class life check hits home

'Your salary won’t save you': Saurabh Mukherjea says middle class must brace for a hard reset

Investing smarter: Turn Rs 10K/month into Rs 82 lakh with this SIP strategy

'Investment hai… zarurat padti hai': Are Indians mistaking lifestyle spends for wealth-building?

Start at 28, retire at 43? How disciplined investing through SIPs, compounding pays off faster than you think

'Rs 70 lakh per annum is the new middle class': Banker exposes brutal truth of urban living

How playing it too safe with Rs 25K a month could rob you of Rs 1.38 crore — inside the Return Gap Trap

Retirement Planning

NPS to UPS switch: Central employees urged to opt for Unified Pension Scheme by June 30 deadline

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Do cross-border professionals need two health policies or a flexible cover?

61% mothers prioritise child’s financial stability, 46% pick term insurance as first choice: Bajaj Allianz Life Survey

Flying without cover: SBI Card withdraws air accident cover on ELITE, PRIME cards

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Air India plane mishap: LIC and Bajaj Allianz ease documentation for crash victims' kin; check claim process

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