While filing his return for AY 2022-23, he mistakenly treated Rs 25.42 lakh in interest from the bonds as taxable income. (Image for representative purpose only) What if you end up paying taxes on a tax-free income? Will you be refunded? In one such case a senior citizen man erroneously ended up paying tax on…
Several rules covering banking, payments and personal finance are scheduled to change from October 2026. October brings several changes to your financial life, with some transactions set to get costlier. Several rules covering banking, payments and personal finance are scheduled to change from October 2026.The changes include a reduction in the number of free ATM…
The man approached the bank to find out how he could withdraw the money from his late wife’s savings account. (Image for representative purpose only) When you add a nominee to any of your savings or investment accounts, the idea is that the person will get the money when you pass away. But what if…
Here are some of the tax-saving instruments that still deserve a place in your long-term wealth strategy, even without the tax break. The author is CEO of PaisabazaarFor many, saving tax has long been one of the key reasons for investing in tax-saving instruments. These instruments have helped Indians not only reduce their tax liability…
The measures cover higher support prices for six Rabi crops, renewable power evacuation and storage across states, and technology-driven traffic management across 42 Delhi corridors. NEW DELHI: The Union Cabinet on Wednesday approved three major measures spanning agriculture, power infrastructure and urban mobility, including higher Minimum Support Prices (MSP) for all mandated Rabi crops for…
Gadkari said ethanol production had already helped farmers, pointing to the rise in maize prices. (Image for representative purpose only) After introducing E20 petrol for cars, there is now focus on flex-fuel engines that will be able to operate entirely on ethanol or E100. Road Transport and Highways Minister Nitin Gadkari recently said that ethanol…
FIle photo: Heavy traffic congestion Delhi’s traffic signals could soon become more responsive to the traffic they are actually handling, rather than operating largely on fixed timings.The Centre has approved a Rs 1,789.52-crore Intelligent Traffic Management System (ITMS) for the capital, bringing signals, traffic enforcement, emergency vehicle movement and commuter information onto an integrated technology…
Bank customers planning branch visits in October will need to keep the month’s regional and festival holidays in mind, as branches will remain closed on different dates depending on the city. Since bank holidays can vary across regions, customers should check the schedule applicable to their particular branch before visiting.Banks observe both national and state-specific…
BofA sees 100 bps repo rate increase through H1 2027 The Reserve Bank of India (RBI) could raise interest rates by 100 basis points through the first half of 2027, according to Bank of America (BofA) Securities. The brokerage has also moved up its estimate for the first rate hike, now expecting the hike in…
What changes for EVs, hybrids and small cars India’s passenger vehicle industry is set for a new fuel-efficiency regime, with the government notifying Corporate Average Fuel Economy (CAFE-III) norms that are set to come into force from April 1, 2027. The framework, which will remain applicable until March 31, 2032, covers new passenger vehicles manufactured…
