Gifting money or property to family members is a common practice in India, but many individuals are unsure about the tax implications of such transactions. If you receive a monetary gift of ₹25 lakh from your parents, do you have to pay tax on it? Let’s break down the rules under the Income Tax Act. …
On March 8, 2025, coinciding with International Women’s Day, Odisha Chief Minister Mohan Charan Majhi disbursed the 2nd instalment of the state’s flagship Subhadra Yojana. A total of ₹5,000 crore was credited to the bank accounts of 1.18 crore women beneficiaries during a special event in Berhampur’s Ambapua. Each woman received ₹5,000, the 2nd instalment …
The Jharkhand Mukhyamantri Maiya Samman Yojana is a state-run financial assistance program aimed at empowering economically weaker women. Under this scheme, eligible women receive ₹2,500 per month, directly transferred to their Aadhaar-linked bank accounts. The initiative is designed to enhance financial stability and support daily expenses for women across the state. Maiya Samman Yojana: Overview …
Investing in mutual funds can feel like riding a rollercoaster due to market ups and downs. However, experienced investors know that patience and consistency are key to building long-term wealth. Just like a small seed grows into a big tree, regular investments through Systematic Investment Plans (SIPs) can help your money grow significantly over time. …
When you think about withdrawing money from your Employees’ Provident Fund (EPFO) in India, long queues, complicated paperwork, and frustrating delays likely come to mind. However, that could soon change with the introduction of EPFO 3.0. Union Labour Minister Mansukh Mandaviya recently announced this upgrade, promising a banking-like experience for EPFO members. This move aims …
The Indian government has introduced several changes in the TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) rules in Budget 2025. These changes, effective from April 1, aim to simplify tax compliance, reduce unnecessary deductions, and improve cash flow for individuals and businesses. Here’s a look at the key updates: Higher TDS …
March is a crucial month for financial planning, with several important deadlines for tax-saving investments, income tax return updates, and special fixed deposit (FD) schemes. Staying informed can help individuals make smart financial decisions before the month ends. Tax-Saving Investments Under Section 80C, 80D, and 80G For those opting for the old tax regime, March …
Starting a business often requires financial backing, but many aspiring entrepreneurs struggle due to a lack of funds. Recognising this challenge, the Uttar Pradesh government has introduced the CM Yuva Udyami Yojana (Chief Minister’s Young Entrepreneur Development Campaign), offering interest-free loans of up to ₹5 lakh to young individuals looking to establish their businesses. Scheme …
International Women’s Day, celebrated on March 8, is a global recognition of the social, economic, cultural, and political achievements of women. In India, this day holds significant importance as we acknowledge the contributions of women and recognise the need for further empowerment. Over the years, the government at both central and state levels has launched …
As Holi approaches, central government employees and pensioners await an official announcement regarding a Dearness Allowance (DA) and Dearness Relief (DR) hike. The government revises these allowances twice a year, in January and July, to help offset inflation. While the January revision is usually announced around Holi, the July revision is typically declared near Diwali. …
