The EPFO's Employees Deposit Linked Insurance Scheme (EDLI) offers insurance for members and ensures that their families receive financial payout in case of death. Here's how to claim up to ₹7 lakh benefit at no additional cost… 

The Delhi Lakshmi Yojana provides ₹2,500 monthly to eligible women from low-income families, effective August 1. Beneficiaries face strict eligibility checks and spending restrictions.

Advance tax helps taxpayers spread their income tax payments throughout the year instead of paying a lump sum later. The Income Tax Act, 2025, introduces rules from Tax Year 2026–27. Here’s who needs to pay, key deadlines, and how to calculate it.

Mark Matthews of Julius Baer predicts crude oil prices may drop to $60 a barrel amid geopolitical concerns. While higher supply from Gulf producers could stabilise prices, sustained low prices are unlikely. The impact on consumers may be limited due to taxes and refinery costs in India.

There is no prohibition under the Indian Trusts Act on appointing a non-resident Indian as a trustee of an Indian private trust. However, the appointment should be structured carefully, in the context of the rights available to beneficiaries

A sizeable corpus doesn't necessarily end anxiety, said a retirement strategist, noting that many retirees are afraid to spend because they do not know how much they can safely withdraw without exhausting their savings.

An NRI in the UK inquired about the tax implications of gifting savings to his father's HUF. HUFs face specific tax rules under the Income Tax Act 2025, treating unconsidered gifts as taxable income, with exceptions for relatives.

Fitment factor is a multiplier used to convert an employee's basic salary to the revised basic salary under the new pay commission. Today, we calculate how much of a salary hike another 2.57 fitment factor — same as 7th CPC — could provide beneficiaries.

Deepak Shenoy, Founder and CEO of Capitalmind Mutual Fund, highlights the effectiveness of lump-sum investing and SIPs. He explains how initial portfolio value reflects saved money while wealth ultimately relies on both investing and spending wisely in life.

Financial constraints are the major challenge to narrowing the dearness allowance (DA) gap with central government employees and pensioners, as per Tripura state finance minister Pranajit Singha Roy.