Currently, insurance premium is only linked to the vehicle type and engine capacity. Vehicle owners get some discount if they haven't made a claim in the preceding year. This will be the first such initiative in India to link insurance premium to driving record.
The dividend bears three levels of tax. First, the dividend is paid from the 'after-tax' profit of a company. Thereafter, DDT is the second levy and the third level of tax is levied if dividend income is of Rs 10 lakh or more.
Upon the merger of these PSBs, the underlying group health Insurance policies of the customers of the merged banks shall continue to be serviced by the respective insurance companies which issued the policies till the end of the policy period.
A recent survey by Local Circles, a community social media platform, found that most people want the government to not just provide a tax cut but also announce measures that will provide an incentive to spend.
ETMONEY's tax solution helps users avail a combination of all tax-saving options across ELSS, NPS, health and term insurance policies for self and family members.
Investors across categories can avail a discount of 3% on the ‘FFO 6 Reference Market Price’ of the underlying shares of Nifty CPSE Index.
Chances of market sentiment improving post Budget are a tad higher.
So far this year, refunds are estimated to have increased to Rs 1.7 lakh crore, compared to Rs 1.4 lakh crore a year ago.
The AUM of ETF grew 35.4% between April-December 2019, while total equity AUM grew 9.59% in the same period. The share of ETFs in total equity AUM rose by 300 basis points to 18.73% since the beginning of the fiscal year.
CDSL is the largest depository in the country in terms of active demat accounts and accounts for 67 per cent of the new accounts added in FY20.
The issue will open for anchor investors on Thursday and for other institutional and retail investors, the next day.
Section 80C is at the core of tax-savings for all categories of individuals. Whether the individual is a government employee, privately employed or for that matter working in an NGO, use the section 80C basket to save on tax.
Responding to an RTI query, the central bank said a total of 181 fraud cases involving Rs 127.7 crore were noticed during 2018-19. A total of 99 and 27 such cases involving Rs 46.9 crore and Rs 9.3 crore were reported during 2017-18 and 2016-16 respectively, it said. As many as 187 cases of fraud involving Rs 17.3 crore were reported in 2015-16.