Planning last-minute investments to save taxes? Here's what all you can do

The focus on self-reliance, innovation, research and development, infra capex and digital payments in Union Budget 2021 would definitely help in lifting the Indian economy from under $3 trillion to $5 trillion in the near term

One HNI had Rs 103 crore in PF account, followed by another with Rs 86 crore held in such account, government sources said.

Income-tax slabs unchanged, but small taxpayers will enjoy procedural relief in filing ITR and resolution of disputes; High-income earners may feel the pinch though

India Stock Market News Updates Today: Sensex scaled record high of 51,073.27 while the Nifty hit record high of 15,014.65 level in early trade. SBI, Kotak Bank, IndusInd Bank, HDFC, ONGC and Axis Bank were top gainers in the Sensex pack

Union budget 2021: With this, EPF contribution no longer enjoys the Exempt-Exempt-Exempt (EEE) status, albeit for high income employees

Budget 2021: This will impact high-income salaried people using voluntary provident fund for tax-free interest. Individuals who contribute over Rs 20,833 a month to PF will be taxed

Several experts are of the view that the sector may take 3-4 years to fully recover and are expecting the Centre to grant long pending demand for industry status to the sector as well as lower GST rates, thereby giving direct relief, particularly to hotels

As many businesses in the travel industry continue to bear the brunt, there are high expectations of interest-free financial support for at least two years to help combat the cash-negative books

Budget 2021 provides an opportunity to harness the capabilities required to implement transformative reforms and build upon the foundations integral for the manufacturing sector to contribute to 25% of the country's GDP by 2025

The solution is to deepen India's bond markets to free the NBFCs from excessive dependence on banks, and make the occasional failures (IL&FS, DHFL) less traumatic for the banking system

Despite continuous and comprehensive attention to industry, its contribution to income (GDP) and employment didn't touch 25% and 14%, respectively. It is time to give equal, if not more, attention to services and agriculture that consistently contribute the most to income and employment, respectively

Most of the NPS funds have delivered attractive return without taking higher risk. As on November 20, 2020, the seven-year annualised return of five out of six equity funds with track record of seven years is above 11 per cent, while the sixth fund also delivered decent return of 10.17 per cent

You can save taxes either by investing in government-notified products or by claiming exemptions on certain type of expenses. The lowdown

Employers' contribution of 14 per cent in pension under the National Pension System (NPS) scheme for the central government employees was made tax free from April 1, 2019

As many as 8,186 corporates have come on board with 10.50 lakh subscribers till October so far this year. It was 8.80 lakh last year in October from 6,795 corporates

Soon after the spread of coronavirus, FM Sitharaman, in a relief to the employees and employers, reduced the mandatory monthly EPF contribution to 10 per cent of the basic salary from 12 per cent for the months of May, June and July

Debt investors need to tread carefully in the fixed income market as the balance sheets of the two biggest issuers - the government and corporate sector - are not in the pink of health

This concluding part narrates the circumstances in which market triumphed over state and spread from developed economies to developing economies, helping the top 1% to accumulate more wealth at the cost of the rest 99%

After the announcement of the lockdown, the government anticipating cashflow problems of salaried employee allowed them to get funds from their EPF balance