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Employees Provident Fund calculation: How much more you will take-home after PF rules change for COVID-19

Employees Provident Fund calculation: How much more you will take-home after PF rules change for COVID-19

EPF calculation: In the CTC salary model, take-home pay goes up by 4% of wages before tax, but for others hike in take-home is at the cost of reduced total salary.


RBI Home, Personal Loan EMI Moratorium: When should you avoid it and when to avail?

RBI Home, Personal Loan EMI Moratorium: When should you avoid it and when to avail?

Home, Personal Loan EMI Moratorium: With the hardship continuing due to the ongoing lockdown, the RBI has extended the moratorium of term loans by a further three months till August 31, 2020.


Lost job or fearing income loss? Know how insurance can help with cash in times of crisis

Lost job or fearing income loss? Know how insurance can help with cash in times of crisis

Believe it or not but there are insurance policies which can help substitute your income in case of contingencies. Let’s understand the different types of insurance plans which help cover the loss of income in this pandemic


Should you go ahead with your home-buying plans soon after the Covid-19 lockdown?

Should you go ahead with your home-buying plans soon after the Covid-19 lockdown?

Before finalising your home-buying plans in the shadow of the Covid-19 crisis, you should take a moment to first understand how the pandemic is impacting the real estate sector.


RBI Makes Loans Cheaper, Offers Big Relief On Interest Payments Too

RBI Makes Loans Cheaper, Offers Big Relief On Interest Payments Too

RBI Governor Shaktikanta Das announced a cut in the repo rate by 40 basis points (bps) to 4 per cent,

  •   Source: NDTV
  •   Published on: 22/05/2020

RBI extends EMI moratorium for another three months on term loans. Here's what it means for borrowers

RBI extends EMI moratorium for another three months on term loans. Here's what it means for borrowers

The earlier deadline of three-month EMI moratorium was ending at May 31, 2020


Impact of RBI’s announcements: 5 things for borrowers, depositors and businessmen to know

Impact of RBI’s announcements: 5 things for borrowers, depositors and businessmen to know

Here is how the new RBI steps will impact the common man including borrowers, depositors and businessmen.


PMVVY Scheme: Modi govt extends Pradhan Mantri Vaya Vandana Yojana for senior citizens; check benefits

PMVVY Scheme: Modi govt extends Pradhan Mantri Vaya Vandana Yojana for senior citizens; check benefits

Initially an assured rate of return of 7.40 % per annum for the year 2020-21 per annum will be provided and thereafter to be reset every year.


Covid-19 to dampen Indian real estate’s recovery over 6-12 months: Report

Covid-19 to dampen Indian real estate’s recovery over 6-12 months: Report

“With this recent pandemic outbreak, the real estate sector is likely to be handicapped in the short term, impacting over 250 related industries and economic sectors."


Britain borrows at negative interest rate for first time

Britain borrows at negative interest rate for first time

It joins Japan, Germany and some other European countries in selling debt yielding less than 0 percent, reflecting the prospect the coronavirus pandemic will cause a severe global recession and bond-buying by central banks to mitigate its impact.


IRDA to extend renewal payment date for motor & health policies till June 1st week

IRDA to extend renewal payment date for motor & health policies till June 1st week

IRDAI forthcoming decision will also include continuation of cover, Standard Fire and Special Perils Policy(commonly known as property policy)- by the general insurers to the ``unoccupied properties’’.for more than one month


How pay-cuts and job losses will impact home buying for young and salaried

How pay-cuts and job losses will impact home buying for young and salaried

Post-COVID-19, the environment could be different and as a young and salaried buyer, one needs to keep following them for the opportune time.


 Insurance: Are you a retiree? Five tips for buying a health plan

Insurance: Are you a retiree? Five tips for buying a health plan

Senior citizens need to check the rules for waiting period for cover of existing diseases and co-payment charges when selecting a health insurance plan.


Beware of the risks when investing in bank perpetual bonds

Beware of the risks when investing in bank perpetual bonds

Unlike fixed deposits, perpetual bonds have no guarantee even though they are issued by banks. Some of the perpetual bonds (such as AT1 bonds) are explicitly issued as 'risk absorbing' instruments.

  •   Source: Livemint
  •   Published on: 18/05/2020

Government withdraws order making wage pay mandatory during lockdown

Government withdraws order making wage pay mandatory during lockdown

It will not be mandatory for businesses now to pay wages to their workers during the lockdown. The Home Ministry’s guidelines for the fourth phase of lockdown starting Monday has withdrawn the order for such an action.


NRAI takes on Zomato and Paytm, partners with Dotpe to offer digital ordering solution

NRAI takes on Zomato and Paytm, partners with Dotpe to offer digital ordering solution

The move comes at a time when restaurants across the country have been severely impacted due to the country-wide lockdown announced to contain the spread of covid-19, and worked on limited capacity to fulfill delivery-only orders

  •   Source: Livemint
  •   Published on: 16/05/2020

EPF contribution of private sector employers, employees cut to 10% for 3 months

EPF contribution of private sector employers, employees cut to 10% for 3 months

Currently, an employee contributes 12% of his salary to the EPF account. The employer matches the contribution.


TDS, TCS rates for non-salaried payments cut by 25% till March 31, 2021

TDS, TCS rates for non-salaried payments cut by 25% till March 31, 2021

NEW DELHI: Finance minister Nirmala Sitharaman on Wednesday announced a 25 per cent reduction in TDS (tax deducted at sources) and TCS (tax collected at source) rate for the current financial year. This will release liquidity worth Rs 50,000 crore.


Income tax return filing deadline for FY 2019-20 extended to Nov 30, 2020

Income tax return filing deadline for FY 2019-20 extended to Nov 30, 2020

As per the announcement, "Due date for all income-tax return for FY 2019-20 will be extended from July 31 2020 and 31 October 31, 2020 to November 30, 2020 and tax audit from Sept ember 30, 2020 to 31st October 2020."


IT seeks changes in laws as work from home set to become norm

IT seeks changes in laws as work from home set to become norm

Industry body Nasscom is reviewing labour laws from WFH perspective and will submit a report next week.


5 reasons for rejection of EPF withdrawal claim and how to avoid it

5 reasons for rejection of EPF withdrawal claim and how to avoid it

Given below are five reasons why your EPF withdrawal claim can get rejected by the EPFO and what you should do to avoid the rejection of a claim.


 5 reasons why you should buy long-term health insurance to secure your finances, health

5 reasons why you should buy long-term health insurance to secure your finances, health

Long-term health insurance is undoubtedly the most economical and viable health and practical choice, given the increase in lifestyle diseases in current times.


Covid-19 survival package: Cash crunch? Take loan against investments

Covid-19 survival package: Cash crunch? Take loan against investments

As a salaried employee, go for non-refundable advance from EPF or take loan against your PPF account. You can also take a loan against your life insurance policy to tide over these difficult times


Paytm Payments Bank crosses Rs 600 crore in fixed deposits

Paytm Payments Bank crosses Rs 600 crore in fixed deposits

"During this period of volatility in other asset classes, a large number of PPB bank account holders are moving their savings into fixed deposits during the ongoing lockdown," stated Paytm Payments Bank.


Googling for groceries among hot searches

Googling for groceries among hot searches

BENGALURU: The Covid-19 pandemic has dramatically changed what Indians are searching for on Google. Online searches for grocery delivery, immunity, online classes, UPI transactions, and even coronavirus insurance have gone up dramatically this year, according to Google’s latest ‘What is India searching for’ report.


How to choose health insurance in times of coronavirus pandemic

How to choose health insurance in times of coronavirus pandemic

Times may seem bleak, but this too shall pass, and when it does, we will need to get ready for life to return to normalcy. Part of this normalcy will be finances, and for life to move on, it's crucial to make sure savings have not been eaten away through avoidable medical expenses.


Should you pay your rent using a credit card amid coronavirus lockdown?

Should you pay your rent using a credit card amid coronavirus lockdown?

Rent payment is one of the biggest monthly expenditures, especially for youngsters living away from parental homes. In the case of credit cards, accrual of interest gets tricky.