MCMINIS
How to claim tax benefits on rent without HRA
PODCAST
Simply Save | ITR filing - Know all the tax benefits linked to home loans and HRA
Despite being commonly-claimed tax benefits, many tax-payers are not fully aware of tax rules related to home loans and house rent allowance (HRA) that can result in under-utilisation of tax breaks offered. Tune into Simply Save to know all about tax benefits and rules related to housing and accommodation before you file your returns.
BUSINESS
ITR filing | More than 37.3 million returns filed so far this year: I-T department
Delays in accessing Form16 and some glitches on the official e-filing portal have prompted demands to extend the July 31 deadline for filing of tax returns
BUSINESS
Own a health insurance policy with room rent sub-limits? Hospital room GST will pinch
Higher hospital room rents will mean steeper proportionate deduction for policies with sub-limits and bigger out-of-pocket expenses for such policyholders. Premiums, too, can go up
PODCAST
Simply Save | Get discrepancies in Form 26AS rectified before proceeding to file income tax returns
As part of Moneycontrol’s income tax return-filing series, Preeti Kulkarni speaks to Mayur Shah of EY to understand why it is important to check and verify Form 26AS before you go ahead with your return-filing exercise.
BUSINESS
Getting started with I-T return filing? Verify your Form 26AS and Annual Information Statement first
Tallying the information in your Form-16, bank statements and so on with Form 26AS and Annual Information Statement should be step one in your income-tax return-filing process.
BUSINESS
Simply Save | Why students going abroad need an overseas travel insurance cover
Overseas student travel insurance policies cover students' medical expenses incurred during your stay abroad, besides baggage loss, trip cancellation, study interruption and medical evacuation.
PODCAST
Simply Save | Students & parents must check their financial preparedness while obtaining educations loans
Students can obtain education loans once they secure admission letters is one of the biggest misconceptions, Arindam Sengupta of Edufund tells Preeti Kulkarni
MCMINIS
What is no-claim bonus in car insurance?
BUSINESS
Started your university classes abroad already? Now, keep an eye on these upcoming expenses
Fees for the first couple of years, petty cash to take you through a year’s expenses….there is only so much you can plan before you fly overseas for higher studies. But expenses will crop up once you begin your course. Here’s how to manage your money then
BUSINESS
The Aadhaar confusion | Four years on, some banks yet to honour Supreme Court’s Aadhaar verdict
The Supreme Court ruled in September 2018 that it is not mandatory for citizens to furnish an Aadhaar number for opening bank accounts if they are not availing of government subsidies. Moneycontrol investigated whether the order is being honoured. Here is what we found
BUSINESS
Amazon India lay-offs: How to insulate your finances against career setbacks
Amazon India is the latest in the list of technology majors and start-ups in India resorting to mass lay-offs to keep a tight lid on costs. An emergency fund and health insurance cover are a must to tide over such crises.
BUSINESS
RBI raises rate: Part-prepayment, higher EMI to keep your home loan interest outgo in check
Look at cutting your expenses to voluntarily pay higher EMIs, use annual bonuses to prepay part of your loan
BUSINESS
RBI Monetary Policy | Borrowers to see a steep hike in EMIs, interest burden
For depositors, this signals a further increase in their deposit rates, but high inflation means that real returns will remain muted
BUSINESS
Explained: How EPF’s taxable and non-taxable accounts will work
Employees contributing over Rs 2.5 lakh to their EPF account will feel the pinch of tax on interest on the excess amount this year, as the rules will be implemented when EPFO credits interest for FY 2021-22.
BUSINESS
Third-party motor insurance premiums are going up from June; here are five things you should know
Insurers have been allowed to raise their third-party motor premium rates after two COVID-affected years. The hikes for car- and bike-owners are in the range of 0.1-20.7 percent.
BUSINESS
IRDAI’s Use-and-file framework could mean better products, but policyholders should exercise caution
For insurers, use-and-file mechanism will mean more flexibility in designing products and shorter timelines for introducing innovative plans.
BUSINESS
What not to do with your Aadhaar number
Do not share Aadhaar copies indiscriminately, use masked Aadhaar or virtual ID for opening bank accounts, buying insurance policies to prevent misuse
BUSINESS
Monkeypox reaches India: Will your health and travel policies cover the costs?
Hospitalisation expenses will be paid for, but not the cost of isolation if you are not being treated
BUSINESS
Rupee at 80 | Weakening rupee spells trouble for students abroad. Here’s how to manage your finances
With the rupee depreciating to close to Rs 80 against the US Dollar, students pursuing studies abroad could be in for tough times as it could push up their overall cost of education, especially living expenses
BUSINESS
Explained: How NPS' active and auto allocation choices work
Active choice is better suited for savvier investors, while others can choose the passive mode – auto choice - of investing.
BUSINESS
What is a home insurance policy?
BUSINESS
A mistake in filling up the hospital forms can cost you your insurance claims
Taking treatment at non-cashless network hospitals, ‘unnecessary’ hospitalisation and ‘unreasonable’ charges are some of the lesser-known causes due to which your health insurance claims could get rejected
BUSINESS
With home loan rates going up, is it time to move to fixed-interest-rate loans?
A fixed-rate loan, as the name suggests, has a steady interest rate. But there are costs involved with switching to such a loan and the change isn’t as smooth as you’d think. Fixed-rate loans carrying interest rates of over 8.25-8.5 percent may not be worth.
