Money

While younger individuals in India are securing life insurance earlier—dropping the average first-time buyer age from 33 to 28—many remain underinsured, with coverage far below the recommended level of at least 10 times their annual income, according to a recent study by Bajaj Allianz Life Insurance, conducted in collaboration with NielsenIQ. The study, titled ‘Underinsurance

The Income Tax Department has issued an advisory urging taxpayers to file their updated Income Tax Return (ITR-U) before March 31, 2025, to avoid higher penalties and additional tax burdens. The department emphasized that timely filing would result in a lower additional tax of 25%, whereas filing after the deadline would increase the tax liability

With the financial year 2024-25 about to end, the filing of income tax returns (ITRs) for the Assessment Year 2025-26 will start from April 1. Like previous years, taxpayers can file their tax returns online and offline both. The Income Tax Department every year enables new forms, updates existing ones and launches Excel utilities to

The GST Council is reportedly leaning towards a middle-ground approach rather than a complete waiver for health and life insurance policies. At present, health and life insurance gross premiums attract 18% GST, and this is expected to be brought down to 5%, FE reported, citing sources. This reduction, rather than a complete waiver in GST

Health insurance is a crucial safety net, but for individuals with pre-existing conditions, navigating coverage can be complex. A pre-existing condition—any illness or health issue diagnosed before purchasing a policy—often impacts how insurers assess risk, determine premiums, and impose waiting periods. To address customer confusion, the Insurance Regulatory and Development Authority of India (IRDAI) has

The government has proposed an amendment to the Finance Act 2025 to clearly state that target of search and seizure operations by the tax department will be “total undisclosed income,” instead of “total income.” In the Finance Act 2024, when the block assessment regime for search and seizure cases was introduced, the term ‘total income’

Is the central government planning to change the retirement age of employees working in various central departments? This question comes up before the government frequently through questions raised by members in Parliament. The government has once again answered the question. In response to questions asked recently in Parliament, Union Minister Jitendra Singh made it clear

When it comes to buying or selling property, it’s crucial to steer clear of any disputes related to ownership. There are instances where the person selling the property isn’t its actual owner. This can happen in joint ownership situations—like between family members—where one party might sell the property without the others’ knowledge. Such circumstances can