Personal finance
PPF And EPF Interest: Why Declaring It In ITR Is Safer Even If Tax-Free
Many Indians believe that if an income is exempt from tax, it need not be shown in the Income Tax Return (ITR). This is where confusion arises. Interest from Public Provident Fund (PPF) and Employees’ Provident Fund (EPF) is tax-free. Yet, not declaring it in the ITR could create issues later. PPF Interest: Always Exempt…
Tax Filing 2025: How to Report Interest from Joint Bank Accounts
Many families in India use joint bank accounts. They are convenient, but taxation rules often confuse people. The big question is—who pays tax on the interest earned? Clubbing rule applies Income tax law says tax liability depends on who owns the money in the account, not on whose name appears first. If the first holder…
CIBIL Score Myth Busted: Finance Ministry’s Key Update for Loan Seekers
For years, borrowers in India believed one thing. Without a high CIBIL score, loans were impossible. The Finance Ministry has now stepped in with a strong clarification. CIBIL Score Is Not the Only Factor The Ministry said banks and NBFCs cannot rely only on CIBIL scores. Lenders must also look at other key factors before…
Income Tax Return After Death: Process To Claim Your Parent’s TDS Refund
When a parent passes away, their income tax responsibilities do not end immediately. If there is taxable income or tax deducted at source (TDS) in their name, a legal heir must file the income tax return (ITR). The Income Tax Department allows heirs to file ITR and claim any eligible refunds. Who Can File the…
Forgot Your Google Pay UPI PIN? Set or Reset It in Minutes—Here’s How!
UPI is now the lifeline of everyday payments in India. Whether you’re paying rent, bills, or your chaiwala, Google Pay (GPay) has become a trusted go-to. But what happens when you forget your UPI PIN? Or need to set it up for the first time? This guide shows you exactly how to do it—fast and…
Forgot Your UPI PIN on PhonePe? Here’s How You Can Fix It Fast!
Losing access to your UPI PIN can feel frustrating—especially when you need to make urgent payments. Luckily, PhonePe makes it super easy to recover or reset your UPI PIN in just a few taps. Whether you’re setting it up for the first time or resetting it after forgetting, here’s your ultimate step-by-step guide. First-Time Setup:…
UPI Cleanup Begins April 1: Millions May Lose Access—Is Your Mobile Number Safe?
A major UPI update is set to roll out from April 1, 2025, and it could block access for lakhs of users. If your UPI is linked to an old or inactive number, you could be locked out. The National Payments Corporation of India (NPCI) has decided to disconnect UPI IDs linked to unused or recycled…
Should You Close Your Unused Credit Card? Find Out the Truth!
Credit cards provide convenience, rewards, and financial flexibility. But if you have an unused credit card, should you close it or keep it? Many people face this dilemma, unsure of how their decision will affect their financial health. Let’s break down the pros and cons to help you make an informed choice. Pros and Cons…
Unlock Extra Funds with Top-Up Home Loans
Why Top-Up Home Loans Are a Smart Choice for Indian Homeowners Top-up home loans allow you to borrow additional funds on your existing home loan at competitive rates. Unlike personal loans, these loans are cost-effective, as they usually have lower interest rates. Benefits at a Glance: Features Top-Up Home Loan Personal Loan Interest Rate 8.80%…
Who Pays the Bank Loan If the Principal Borrower Dies?
Taking out a loan can be a practical solution to financial needs, but it’s crucial to understand the implications, especially if the borrower passes away before fully repaying the loan. While loans can provide financial relief, over-reliance on borrowed money without careful planning can lead to serious financial difficulties. One key question often overlooked is:…