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Salaried? Know the changing tax implications resulting from ‘Work from Home’

Salaried? Know the changing tax implications resulting from ‘Work from Home’

Employers have ensured to extend help to employees to make the work environment conducive – reimbursement of certain expenses, grant of additional allowances or benefits, extended medical coverages, etc.

17/10/2020, Source : Financial Express.

'Insurance is much more than only income tax benefits'

'Insurance is much more than only income tax benefits'

The main objective of a life insurance policy is to provide financial protection to an individual and his/her family, in the face of uncertainties.

17/10/2020, Source : Livemint

Mediclaim policyholders see premiums rise up to 70%

Mediclaim policyholders see premiums rise up to 70%

BENGALURU: Annual premium on health covers have risen by 40-70% for policyholders after insurance companies hiked rates following a regulatory diktat to widen coverage and standardise conditions with regard to exclusions.

15/10/2020, Source : Times of India

LIC’s Jeevan Akshay Plan: Get 24 thousand rupees pension every month by paying a premium in this policy of LIC, will get lifetime benefits

LIC’s Jeevan Akshay Plan: Get 24 thousand rupees pension every month by paying a premium in this policy of LIC, will get lifetime benefits

LIC’s Jeevan Akshay-VII, Life Insurance Corporation of India: This is a very popular plan among pensioners and national pension system subscribers. LIC has set certain conditions for investment in this pension-relieving policy.

12/10/2020, Source : Informal Newz

Term plan vs endowment insurance plans: Which is more suitable for you and why?

Term plan vs endowment insurance plans: Which is more suitable for you and why?

The coverage amount or the sum assured is paid to the nominee in case of death of the insured during the policy tenure.

12/10/2020, Source : CNBC TV 18

Money & relationships: 5 ways parents can pass on money-related anxiety to their children

Money & relationships: 5 ways parents can pass on money-related anxiety to their children

Your very money traits and habits form the foundation for your children's money behaviour when they become adults. Find out about your money behaviour that may be causing stress in your children and how to stop yourself from doing so.

12/10/2020, Source : The Economic Times

How to ensure income security for seniors

How to ensure income security for seniors

The Draft National Policy for Senior Citizens has rightly placed emphasis on promoting the existing pension programmes

12/10/2020, Source : The Hindu Business Line

LIC shows exemplary performance during H1 FY21 amid COVID-19 pandemic

LIC shows exemplary performance during H1 FY21 amid COVID-19 pandemic

Mumbai: Life Insurance Corporation of India, India's largest life insurer, continues to give outstanding performance even in times of business distress. LIC's resilient and quick response in meeting the expectations of the market and the people of the nation has brought it exemplary results in the current financial year.

10/10/2020, Source : Millennium Post

RBI leaves repo rate unchanged: What this means for home loan borrowers, FD investors

RBI leaves repo rate unchanged: What this means for home loan borrowers, FD investors

Borrowers who are facing salary cut/job loss due to the novel coronavirus pandemic situation and were looking for some reduction in their EMI burden will have to wait a little longer. However, no change in policy rates means good news for FDs investors as banks may go slow on cutting interest rates on FDs.

09/10/2020, Source : The Economic Times

Self-employed? Income planning is key for your financial freedom

Self-employed? Income planning is key for your financial freedom

There is a need for a disciplined approach to ensure that balance is created between monthly expenses and savings with the intention to meet long-term financial goals as well as creating emergency funds.

09/10/2020, Source : Financial Express.

Imposition of TDS/TCS: What would be the impact on online transactions?

Imposition of TDS/TCS: What would be the impact on online transactions?

It has been clarified that a payment gateway would not be required to deduct TDS provided the e-commerce operator has already deducted the tax on the same transaction.

08/10/2020, Source : Financial Express.

Term insurance: How much should your coverage amount be?

Term insurance: How much should your coverage amount be?

The term insurance cover should be calculated after factoring in existing savings and investments

07/10/2020, Source : Money Control

TCS on education loan makes getting a foreign degree more expensive

TCS on education loan makes getting a foreign degree more expensive

Even if a poor student wants to take assistance from his/her relative(s), the amount of tax will be added to the financial burden if the amount exceeds Rs 7 lakh.

06/10/2020, Source : Financial Express.

Lockdown effect on rents: Need clarity on tax impact

Lockdown effect on rents: Need clarity on tax impact

Whether it is rent waivers or vacant property due to lockdown, the government needs to consider the tax impact on rental income

05/10/2020, Source : Financial Express.

Is Interest Earned On Savings Bank Account Taxable?

Is Interest Earned On Savings Bank Account Taxable?

All of the banks in the country offer an interest rate for daily balances maintained in the savings account. Some banks like State Bank of India offer an interest rate of just 3 per cent, while banks like IDFC First Bank offer an interest rate of as much as 7 per cent. We all know that the interest on bank fixed deposits is taxable

04/10/2020, Source : Good Returns

LIC Best Policy : Make only 1 instalment and Get 7000 per month lifetime

LIC Best Policy : Make only 1 instalment and Get 7000 per month lifetime

We all know how much you love LIC and our articles on LIC policies. Today we are telling you about such a policy that you will have to give only 1 instalment and you will get income every month after retirement. The policy is called LIC Jeevan shanti. Let us tell you about this policy in detail.

02/10/2020, Source : Informal Newz

Pensioner? Last date for submitting Life Certificate extended – Know the new time-line for 2020

Pensioner? Last date for submitting Life Certificate extended – Know the new time-line for 2020

Every Central Government pensioner has to submit life certificate for further continuation of the pension amount.

02/10/2020, Source : Financial Express.

LIC’s equity investments ride high on market surge

LIC’s equity investments ride high on market surge

India’s largest life insurer, Life Insurance Corporation, has raked in tidy gains on its equity investments so far this fiscal, thanks to a sanguine capital market. LIC has booked profits of ₹14,857 crore as against ₹11,437 crore last year for the same period (April to September) showing a growth of 30.37 per cent.

02/10/2020, Source : The Hindu Business Line