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Pensioners in India are required to submit Life Certificate or Jeevan Pramaan Patra annually by 30 November, with the authorised pension disbursing authority in order to continue receiving their pension payment. The certificate is proof that they are alive and can be submitted digitally or in person. Notably, when submitting your life certificate or digital…
The Income Tax Department has released the online and offline utilities for filing ITR-5 for assessment year (AY) 2026-27. The online utility was made available on 5 August, while the latest version of the offline utility was released on 7 August. ITR-5 is applicable to persons other than individuals, HUFs, companies and those required to…
If you are doing a SIP in international funds, you should be aware of this. There are now a total of 28 international mutual fund schemes that have stopped accepting existing SIP instalments, according to Value Research data reported on 7 August. The latest moves highlight how regulatory limits on foreign investments are increasingly affecting…
The 8th central pay commission (CPC) is in its consultation stage, having closed submission for suggestions and data from employee representative groups, unions and other stakeholders as of July. It sought inputs from labour representatives and groups, ministries, pension bodies, central government organisations / institutions, employee unions / associations, and other similar stakeholders. This data…
Retirement planning is no longer just an individual’s responsibility. With employees changing jobs more frequently and retirement potentially lasting 20-30 years after regular income stops, companies have an important role to play in helping workers build a sufficient retirement corpus. Speaking at Outlook Money’s Retire Smart: Financial Wellness Leadership Series, Randip Singh Jagpal, Whole Time…
Many investors open a PPF account in India because of it’s attractive returns and tax benefits, but confusion often arises when they move abroad for education, job opportunities or other such reasons. While neither non-resident Indians nor foreign citizens are allowed to open a new PPF account, the rules governing an existing account are different…
Dearness Allowance (DA) is a percentage of the basic salary component for central government employees and pensioners which seeks to address rising cost-of-living. It is reviewed twice a year, new announcements are usually made annually in March and October, with rollouts in July the same year and January in the next year. Over 1 crore…
The Pension Fund Regulatory and Development Authority (PFRDA) is targeting a sharp expansion in the National Pension System (NPS), with non-government subscribers expected to rise to 35-40 crore over the next five years from around 90 lakh currently. PFRDA chairman Sivasubramanian Ramann announced the target at an outreach event in Kolkata on Friday, according to…
With the August 31 ITR deadline getting closer, many freelancers, consultants and other self-employed professionals are preparing to file their income tax return (ITR). Unlike salaried employees who receive a From 16 from one employer, freelancers often earn money from multiple clients and projects. In many cases, freelancers also receive payments from foreign clients through…
Equity markets have remained largely range-bound for around two years, testing investor patience and prompting questions around fund performance, valuations and the outlook for different parts of the market. In a note to unitholders, Rajeev Thakkar, CIO and director at PPFAS Mutual Fund, addressed some of the concerns surrounding equity markets and the performance of…