The reform, therefore, is to carry the same principle through to distributor compensation, so that agents, like insurers, earn commissions only as the policy persists: commissions spread across the premium-paying term, clawed back when policies lapse early, and enforced through the persistency data the regulator already holds.
Social Security benefits vary by retirement age, with a maximum of $5,181 available at 70. For 2026, benefits at 62 are $2,969, at 67 are $4,152, and payments are adjusted for SSI due to calendar changes, emphasising separate programs for different needs.
Mumbai: A glitch at Groww, India’s largest brokerage, prevented clients from withdrawing their funds from their accounts during equity market trading on Friday. Some users took to social media, claiming they were also unable to deposit money into the account. In response to an email query, a Groww spokesperson said the issue was caused by…
Many investors start a systematic investment plan (SIP) with a fixed amount and continue contributing the same amount for years without reviewing it, even as their salary grows. Over time, this could result in investing a smaller proportion of income than originally intended. Mirae Asset Mutual Fund, in the latest edition of its M-FinBytes, has…
Three schemes combined The 1961 Act had three separate presumptive taxation schemes—one for small businesses (6% or 8% of turnover, with turnover limits of ₹2 crore/ ₹3 crore), one for low-income professionals (50% of gross receipts, with receipt limits of ₹50 lakh/ ₹75 lakh), and one for transport operators of commercial goods vehicles (presumptive income…
The dollar steadied on Tuesday ahead of U.S. inflation data, with Middle East tensions lifting oil prices while the yen held a soft tone amid caution over possible intervention and after policymakers’ comments on state pension fund allocations. The dollar index, which measures the greenback against a basket of currencies including the yen and the…
Thousands of salaried taxpayers rely on Form 16 and salary slips while filing their income tax returns. But what happens if an employer deducts tax from salary and never deposits it with the Income Tax Department? The issue has come into focus after an Income Tax Appellate Tribunal (ITAT) ruling involving a former Byju’s employee,…