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You will be aware of the tax exemption under the Income Tax Rules on the payment of premium for life and health insurance, but let us know that you can also get a tax rebate in lieu of GST payment on premium. Its limits and conditions are fixed under the Income Tax rules. Health insurance premium attracts 18 per cent GST. If the premium of your policy is 21 thousand rupees, then you will have to pay 3960 rupees more according to 18 per cent GST. In this way, you will have to pay a total of Rs 24,960. Under the Income Tax Rules, a total tax exemption of up to Rs 25 thousand can be taken on health insurance. In this way, you can get a total tax rebate of Rs 24,960.   Under the Income Tax Rules, you can get a total tax rebate of up to Rs 1.50 lakh on the life insurance premium. However, tax exemption on GST payment varies according to the policy. The term plan charges 18 per cent GST. If you are 30 years old and take a term plan covering one crore rupees for 30 years, then its pre...

Mindspace Business Park REITs initial public offering has received tremendous response. It closed 13 times the last day. The IPO, which opened on July 27, closed on Wednesday. It was targeted to raise Rs 4,500 crore from the market. REIT is owned by K. Near Raheja Group and Blackstone. This is the second IPO of any real estate investment trust (REIT) in India.   REIT  stands for Rear Estate Investment Trust. It invests in commercial real estate. Earnings are shared among investors as the real estate price rises. For this, the company distributes dividend and interest. REIT funds have to invest at least 80% in compiled and revenue generated projects. It distributes 90% of its cash flow to investors. Going by the history of returns, India's only writ Embassy Office Parks REIT has given 27.4 per cent returns since listing in March 2019.   However, the impact of the boom in the equity market is visible on the IPO and other issues. Earlier, the Rs 500-crore Rosary Biotech IPO ...

In 2014, the Reserve Bank of India (RBI) made it clear through a circular that any person can open a "Small Bank Account" without any documentation. According to the Reserve Bank of India, anyone can apply for a Small Attached Photograph and Small Bank Account by giving a signature or thumb impression in front of a competent officer of the bank. The KYC rules have been relaxed to connect more and more people to the banking system of the country. The country's largest bank State Bank of India (SBI) also offers Small Bank Account for its customers. According to the bank's website, anyone over the age of 18 can open 'Basic Savings Bank Deposit Small Account' or 'SBI Small Account' of SBI. Let's know some key things related to SBI Small Account: After opening SBI Small Account, you do not need to maintain any minimum balance. You can keep up to a maximum of Rs 50,000 in your account at one time. Transactions up to a maximum of Rs 1 lakh can be done thr...

Due to the lockdown implemented in the country due to Corona, people are facing many problems. In view of this, the government changed the last dates of several financial operations. The last date for these operations was extended until 31 July. In such a situation, if you have not done these tasks till now, then you must definitely tackle them by July 31, otherwise, you may have problems. We are telling you about these works.   In order to get a tax exemption, the Income Tax Department had extended the last date of filing ITR from 31 July to 30 November for the investment fiscal 2019-20. At the same time, to save tax, the deadline for investing under Section 80C, 80D, 80E of income tax was extended till 31 July. If you have not invested anywhere yet for tax saving, do it as soon as possible.   Submit Form 15G / 15H, Form 15G / 15H is filled to avoid TDS deducted on income tax. Due to the coronavirus lockdown, the government has extended its date to 31 July 2020. Form ...

The country's largest bank State Bank of India has launched a Pension Seva   website for pensioners. Now, by logging on to this website, customers can get information about their pension. Now, you will not have to go to the bank for many tasks like finding the pension profile and transaction details. SBI has named this website 'SBI Pension Seva'. This will benefit 54,000,00 pensioners of SBI.   In this pension portal of the State Bank of India, pensioners have been given the facility to do this work. Downloading the calculation sheets, download pension slip/form 16, extracting pension profile details, extracting investment-related details, finding life certificate status, extracting transaction details.   It is quite easy to use. In order to avail the Pension Seva (service) website, the customer has to first register. For this, he has to go to https://www.pensionseva.sbi/. Click on the registration tab at the top here. Create a user ID with a minimum of 5 characte...

Cipla has been approved by The Drug Controller General of India to sell anti-COVID-19 drug favipiravir for the treatment of corona-virus, Cipla said India as corona-virus infections in the world's third position at this time. The Indian regulatory permitted Cipla accelerated approval to produce and marketing favipiravir in an effort to meet the unmet need for COVID-19 treatment options in the country, the company said. And the other hand other drug company which include Glenmark Pharmaceuticals are racing to supply generic versions of favipiravir, originally developed by Japan's Fujifilm Holdings for treating influenza.   India reported over 48,916 fresh cases of the novel coronavirus with 757 new deaths on Saturday, the total number of coronavirus infections in India crossed the 13 lakh-mark to reach 13.36.861, marking the biggest daily surge in cases, as officials in some states complained of shortages of vital drugs for those hospitalized.   Cipla said that it will ...

Since the lockdown came into force to control the coronavirus epidemic, retail investors' participation in the equity market has increased. Securities and Exchange Board of India (SEBI) chairman Ajay Tyagi said this on Wednesday. Addressing a FICCI event, Tyagi said that there has been an increase in new Demat accounts as many participants have invested for the first time. Tyagi said, "We have seen a huge increase in the participation of retail investors in the last few months."   He has said that the regulator has taken various steps to make it easier for corporates to raise funds as many companies are facing a variety of challenges due to the epidemic. Tyagi said that companies have been given policy discounts on various fronts including rights issue, follow-on public offers. Apart from this, the pricing framework associated with the allocation of shares has been made easier by preferential issue.   Tyagi said in the meantime that the corporate bond market is li...

The market capitalization (market cap) of Reliance Industries crossed the Rs 14 lakh crore mark during trading on Friday. During the business, the company's stock rose to an all-time high of four per cent. The market capitalization of the company's separately listed partially paid-up shares is Rs 53,821 crore. Thus, the total market capitalization of the company now stands at Rs 14,07,854.41 crore.   Shares of the country's most valuable company rose 4.32 per cent to Rs 2,149.70 on the BSE. This is its all-time high level. This brought the company's market capitalization to Rs 13,54,033.41 crore on the BSE. The company's stock rose 4.47 per cent to its all-time high at Rs 2,149.90 on the National Stock Exchange.   The 10 largest companies in the country in terms of market cap Company Market Capital (Lakh Crore Rupees) Reliance Industries 14.4 TCS 8.0 HDFC Bank 6.0 ...

Life Insurance Corporation Of India (LIC), the largest investor in the market, increased its stake in Tata Steel to 11.08 per cent in the June quarter. During this time, LIC has increased its stake by more than 2 per cent. However, if the stake of other companies is included, the stake of insurance companies in Tata Steel is above 17 per cent. On the other hand, analysts believe that the steel sector is currently in a boom. That is why companies are increasing their stake in steel.   Holdings of the stock exchange show that LIC has increased its stake by 2 per cent to over 11 per cent in the June quarter. Tata Steel's share was close to Rs 250 in April while now it stands at Rs 351. On the other hand, statistics show that during the month of April and May when there was a lockdown in the country, China was the largest exporter of steel from India. Out of the total steel exports of the country, 48 per cent of steel was exported to China. According to data from the Joint Plant Commit...

LIC Housing Finance (LICHF) Ltd, the lending company for the property, has cut home loan rates. This subsidiary branch of LIC said on Wednesday that it has reduced home loan rates to 6.90 per cent. This is the lowest home loan rate of LICHF so far. Under this, the company will provide loans up to Rs 50 lakh. However, the company has also clarified that its customers will be able to take advantage of it, whose CIBIL score will be 700 or more. Significantly, a customer’s CIBIL score depends on whether he has taken a loan before and if he has taken it, he has to pay it on time or not. While examining the CIBIL score, some other similar aspects are also taken into consideration.   According to LICHF, if customers of the same CIBIL score want to take a loan of more than Rs 50 lakh, then the interest rate for them will be seven per cent and above. The company's MD and CEO Siddharth Mohanty said that home loan interest rates are at the lowest level at the moment. This will also reduce the...

Rahul Bajaj, chairman of Bajaj Finance has decided to step down from his post. He will continue in this position until this month. The company has given this information on the stock exchange. His son Sanjeev Bajaj will be made the chairman from August 1 st . On Tuesday, the company released its financial results. After that, information given on the stock exchange said that Rahul Bajaj will no longer be the chairman from August 1st. Rahul Bajaj is the Chairman of the company since 1987. He has been associated with the group for nearly five decades. The company has said that though they will continue to hold the post of non-executive chairman of the company.     Rahul Bajaj will be replaced by his son Sanjeev Bajaj. He is currently the Vice-Chairman of the company. He is also on the board of Bajaj Allianz Life Insurance Company and Bajaj Allianz General Insurance Company since 2013. He is also the Managing Director (MD) of Bajaj Holding. There was a net profit of Rs 962 ...

The Federal Bank has said that it has received the Reserve Bank of India (RBI) approval to reappoint Shyam Srinivasan as Managing Director (MD) and Chief Executive Officer (CEO) by 22 September 2021. He has significant expertise in retail lending, wealth management and banking-related to small and medium enterprises (SMEs). He is an alumnus of Indian Institute of Management (IIM) Kolkata and Regional Engineering College, Tiruchirappalli. Srinivasan took over as the MD and CEO of the bank on 23 September 2010. The Federal Bank told the stock markets that it received approval from the Reserve Bank on 16 July 2020 for the reappointment of Shyam Srinivasan. It will be effective from 23 September 2020 to 22 September 2021, the date of completion of his current term. He joined Federal Bank with 20 years of experience with leading multinational banks in India, West Asia and South-East Asia.

HDFC Bank MD Aditya Puri was the highest-paid banker in the last financial year. He received Rs 18.92 crore. Last year, his salary and allowances increased by 38 per cent. Puri also earned an additional Rs 161.56 crore from stock options in the last financial year, according to the bank's annual report. Puri has made HDFC Bank the largest private bank in the country in terms of assets for more than 25 years. HDFC Bank also became the most valuable bank for investors during this period. Puri is going to retire in October this year after turning 70. According to the bank's annual report, group head and change agent Shashidhar Jagdishan received a salary of Rs 2.91 crore in the last financial year. According to reports, he is also among those selected as a possible plea for Puri. Sandeep Bakshi, MD and CEO of the second-largest private bank ICICI Bank, grossed Rs 6.31 crore in the last financial year. Bakshi took the position in October 2018. According to the bank...

The Central Board of Direct Taxes of the country has made a major change to provide relief to the income taxpayers. Now taxpayers will also have to see Form 26AS (26AS) while filing the return for this assessment year. This form will contain additional details on the financial transactions of taxpayers. If you want to get detailed information about this form, then you can check the website of Income Tax Department with the help of your Permanent Account Number ie PAN Card. Explain that earlier Form 26AS used to have information about source deductions (TDS), additional tax, refunds, TDS defaults, but taxpayers can also view Statement of Financial Transactions. This means that now taxpayers will also get to see the details of all major transactions in their income tax returns. According to information provided by the Central Board of Direct Taxes, Form 26AS will be effective from June 1, 2020. CBDT stated that all information related to financial tra...

Since the beginning of 2020, there has been a flood of investment of big tech companies of America in India. These companies have invested about $ 1.27 lakh crore in India from January to July 15. These companies include big tech companies like Amazon, Facebook and Google. The investment is part of a $ 20 billion investment in India's tech industry. In January, the US e-commerce giant Amazon announced an investment of about Rs 7400 crore for $ 1 billion. At the end of April, Facebook announced an investment of about $ 6 billion crores in India for $ 6 billion. On July 15 last week, Google announced an investment of about $ 75 billion crores of 10 billion dollars. This situation has not changed overnight over large investments in India. Until a few months ago, American tech companies were in conflict with Indian regulators and their CEO had to travel to Delhi. But things have changed since then. Coronavirus has brought the global economy to a standstill. India too h...

Shiv Nadar, chairman of tech company  HCL Technology, has resigned from his post. Now Shiv Nadar's daughter Roshni Nadar Malhotra will take over as the chairman of the company. The company has given this information in a regulatory filing on Friday. According to the regulatory filing, the Board of Directors has appointed Roshni Nadar Malhotra as the chairman of the board and the company. Roshni was a non-executive director at the company. The filing states that Shiv Nadar will continue to be the company's Managing Director (MD) and Chief Strategy Officer. According to the regulatory filing, the company reported a profit of Rs 2925 crore in the first quarter of the current financial year. This is 31.7% higher than Rs 2220 crore in the year-ago period. This year HCL's revenue grew 8.6 per cent to Rs 17,841 crore. The company's revenue was Rs 16,425 crore in the same period a year ago. However, it was 4% lower than the 18,590 crores in the March quarter. HC...

Buying a car can be a major achievement for many people. The entire process of getting a car can be a thrilling experience for a test drive, arranging money, getting a car loan, buying insurance. Apart from this, an auto insurance policy is also necessary. Vehicle theft is a serious problem in India, for this comprehensive insurance policy provides protection against car theft. Note that comprehensive insurance policies provide protection from financial damage to a vehicle and its belongings due to natural disasters or man-made disasters such as fire, flood, earthquake, lightning, theft, malicious act, riot, housebreaking, etc. The first step in car theft is to immediately file an FIR, as soon as you come to know about the theft, go to the nearest police station and file an FIR. Once the FIR is registered, you have to inform your car insurance company about the theft. You should also inform the nearest (Regional Transport Office / RTO) about the theft. The second ...

The country's giant Reliance Industries today held its 43rd annual General Assembly.  Due to the coronavirus, the company had to do this through AGM video conferencing.  Before the AGM started, Mukesh Ambani welcomed and thanked all his shareholders. Mukesh Ambani made several big announcements during this virtual meeting, including many big announcements like investing in Google's Jio platform, launching Jio Mart, starting a trial of 5G service.  Learn here the highlights of the annual General Assembly of Reliance Industries ... So far, 50 lakh people in the country have downloaded Geo Meet. Reliance Industries becomes the country's largest market cap company Reliance Industries' market cap crosses $ 15,000 million Reliance Industries becomes first company to cross 1 lakh crore EBITDA Mukesh Ambani said that Reliance Industries has become debt-free ahead of time Google to invest Rs 33,737 crore for 7.7% stake in Jio platforms Mukesh Ambani sa...

The entire country has united against China after the India-China border dispute. There is a continuous boycott of Chinese companies and Chinese products across the country. You can guess the boycott of Chinese goods in the country by the fact that the e-commerce companies working in the country have decided to make the name of the country producing them with all the products sold on their platforms. . If the companies do not show the name of the country that produced them on the goods, then they can be fined up to one lakh rupees and can also be sentenced to one year in jail. It may be known that the Ministry of Consumer Affairs has set up the Central Consumer Protection Authority to take action against such companies, which can take action against such companies by taking suo motu or on the direction of the Central Government. In this context, Union Minister Ram Vilas Paswan said that he has written to all e-commerce companies and state governments that it is mandatory ...

In today's era of digital banking, most people have credit card, debit card, retail store card, loyalty program card and Aadhaar card. People keep them in their purse with them, but imagine what you will do if your purse is lost or stolen. We will block the cards by calling in different banks, apply for new cards. You can take a card protection plan to avoid this hassle and to protect your life-long deposits and identity. We are telling you about the Card Protection Plan (CPP). What is a card protection plan? Card protection plan is a kind of card insurance. This includes credit cards and debit cards as well as stores, loyalty, Aadhaar, PAN cards. All banks provide protection plans to their customers. This plan has to be renewed by paying a small annual premium. After losing the purse, you will not have to call different banks for each card. All cards will be blocked simultaneously by calling only one number. This helps to block the card at the right time. If your...