Stock Market MF News

  People above 60 years of age, i.e., senior citizens, not only get the benefit of income tax exemption but also receive special relief from income tax on investments and returns. Elderly citizens do not have to pay any income tax on income up to Rs 3 lakh.   Exemption in tax limit under 80C limit: The tax exemption limit for old citizens in a financial year is Rs 3 lakh, while a common man gets tax exemption only up to Rs 2.5 lakh. For very senior citizens who are above 80 years of age, it is Rs 5 lakh. That is, if the annual income of a senior citizen is up to Rs 3 lakh and TDS has not been deducted, then he need not file an income tax return. Similarly, very senior citizens need not file income tax returns if they do not have an annual income up to Rs 5 lakh.   If the age is more than 75 years then no return is required: Those above 75 years of age are not required to file tax returns. There is no any need to file ITR for people above 75 years of age who are ...

  Axis Bank has changed the interest on Axis Bank Fixed Deposit Scheme (FD). Now 7 days and 29 days FD will get 2.50% interest. Apart from this, now investor will get 5.75% interest on FD of 5 to 140 years. The new interest rates have come into effect from March 18, 2021. Earlier in January 2021, SBI also changed the interest on FD.   Now how much interest rate will be received on FD     Time P eriod New Interest Rate (in%) Old Interest Rate (in%) 7 Days to 29 Days 2.50 2.50 7 Days to 29 Days 3.00 3.00 3 to 6 Months 3.50 3.50 6 to 11 Months 25 Days 4.40 4.40 11 Months 25 days to 1 Year 5 Days 5.15 5.15 1 Year 5 Days to 18 Months 5.10 5.10 18 Months to 2 Years 5.25 5.10 2 Years to 5 Years ...

All of us working people work to achieve economic status. Buying a good house, depositing money for education and marriage of our children, living a relaxed life after retirement, etc. are our priority. We can meet our economic goals with investment and savings schemes.   There are many government schemes available in the insurance market through which we can live our life. If you too are considering taking a plan of Life Insurance Corporation of India, ie LIC, then this news can prove to be important for you.   This is because recently the Life Insurance Corporation (LIC) has introduced a new LIC policy ' LIC's Bachat Plus (Plan No. 861, UIN: 512N340V01). It has given the facility of saving along with security. Let's know the special features and LIC policy details of this policy. The 'Bachat Plus Policy' provides financial support to the next of kin of the policyholder on maturity during the term of maturity.   Also, if the policyholder is alive at the time of mat...

  Income Tax Rules 2021: Union Finance Minister Nirmala Sitharaman had announced the change in income tax rules while presenting the Union Budget 2021. These changes are to come into effect from April 1, 2021. As per the new rules, senior citizens aged 75 years and above will be exempted from filing ITR from April 1, 2021, with income from pension and interest from fixed deposits in the same bank. In addition, the Finance Minister proposed higher TDS for those who are not filing their ITRs and announced taxation of those who contributed more than 2.5 lakhs per annum to the EPF account. Let's take a look at 5 such income tax changes that will come into effect from April 1, 2021.   PF Tax Rules:   An annual employee contribution to a provident fund of more than 2.5 lakh ₹ will be taxed from April 1, 2021. The central government said that the move is aimed at taxing high-value deposits in Employee Provident Fund (EPF). Finance Minister Nirmala Sitharaman said that th...

  Everyone who has gained proficiency from mutual funds to the stock market should know that investing in both is different. For example, the Nifty is an index that includes the top-50 listed companies on the National Stock Exchange (NSE). On the other hand, the SENSEX is a 30-stock index of the Bombay Stock Exchange (BSE). These are the blue-chip stocks of the best-performing companies belonging to various sectors. If an investor is still planning to invest in Nifty, then let us know what you should keep in mind.   Set Investment Goal   One of the most important things you can do for yourself is to know how to help the investor achieve his financial goals. And a common investor does not have to be an expert to do this. The investor only needs to know a few basics, make a financial plan and be disciplined enough to follow it.   Ask the investor what he or she wants and list your most important financial goals. You have to decide whether the investors are ...

  Ever since the Narendra Modi government came, it has been known for shocking decisions. Once again, he has surprised people with jobs. In fact, the Ministry of Labour & Employment at the Center has made some major changes in the rules of salary, which will reduce your take-home salary.   So far there were 29 labor laws in India for employed people. The central government has made changes to reduce their number from 29 to 4. These are the laws - occupational safety law, health and working conditions, industrial relations, and social security law. From April 1, 2021, new laws will come into force and their effect on a salary of May 1, 2021, will also start showing.   Let's first, understand the salary structure   Employers are well-versed with two words, first CTC ie Cost to Company and second take home salary, also known as in-hand salary.   1. CTC: CTC means Cost to Company is the total expenses of the company in terms of your work; it is ...