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1 month ago | 
outlookmoney.com | Balwant Jain |Anuradha Mishra
The Income Tax Department is keeping a close eye on some financial transactions, majorly the high-value ones. If your spending patterns don’t match your declared income, you could receive an unwelcome tax notice. Now with advanced data-tracking tools at its disposal, the tax department is on the lookout for unexplained expenses, large cash transactions, and even investments that may seem out-of-sync with your earnings.
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2 months ago | 
outlookmoney.com | Anuradha Mishra |Balwant Jain
Have you opted for the New Tax Regime (NTR) and still trying to understand ways to maximise your tax savings? The key is to understand the available benefits and any new changes that have been brought in this regime.
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2 months ago | 
outlookmoney.com | Balwant Jain |Anuradha Mishra
For the first time in 65 years, India is set to see an overhaul of its income tax law with the coming of a new Income Tax Bill (ITB) 2025. The new Bill is supposedly set to come into effect in 2026. Finance Minister Nirmala Sitharaman tabled the ITB 2025 on February 13 in Lok Sabha, which, when passed through all Parliamentary proceedings. The new Bill will replace the Income Tax Act 1961. The Bill also seeks to simplify how the term ‘Agricultural Income’ is interpreted.
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Feb 5, 2025 | 
outlookmoney.com | Anuradha Mishra |Shivangini Gupta
Healthcare cost continues to increase drastically along with the rising incidence of critical disease or sedentary lifestyle-induced illness making health insurance no longer an optional thing. Around 35 per cent of Indians have hypertension, 10 per cent have diabetes, and 28 per cent have high cholesterol levels. Adding to it, the rise of new viruses, diseases and outbreaks can unexpectedly increase an individual’s medical bills, as per the Indian Council of Medical Research (ICMR) study.
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Feb 4, 2025 | 
outlookmoney.com | Anuradha Mishra |Shivangini Gupta
Imagine being in a medical emergency, relying on your health insurance to cover the bills, only to find out that your claim has been rejected. It’s a nightmare scenario, but for lakhs of policyholders in India, it was a reality last year. Per the government data released in a query to Lok Sabha, insurers (both public and private combined) denied health insurance claims worth Rs 26,037.65 crore in the financial year (FY) 2023-24.
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Feb 1, 2025 | 
outlookmoney.com | Anuradha Mishra |Himani Verma
Union Minister of Finance Nirmala Sitharaman presented her record 8th consecutive Union Budget in Parliament on February 1, 2025. In her Budget Speech she also announced measures to support the marginal farmers of India with easy credit and loan availability. She announced that Kisan Credit Cards (KCCs) will continue to facilitate short-term loans for 77 million farmers (particularly fishermen and dairy farmers).
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Jan 31, 2025 | 
outlookmoney.com | Anuradha Mishra |Shivangini Gupta
Policyholders often port their health insurance policy to a new insurer in the hope of wider coverage that can better justify the premiums they are paying. However, have you ever wondered what could go wrong while you are in the process of porting? For instance, you (or any of your loved ones) fall sick soon after porting a policy, and later when you file for a claim something goes wrong. But what?
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Jan 31, 2025 | 
outlookmoney.com | Anuradha Mishra |Shivangini Gupta
Ahead of the commencement of the Budget Session 2025 and hours before the tabling of the Economic Survey, Prime Minister, Narendra Modi addressed the media and invoked Maa Lakshmi, the goddess of prosperity. He added that the goddess is invoked before all such auspicious occasions. PM Modi also said that he prays to Maa Lakshmi to bless the poor and the middle-class people of India.
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Jan 31, 2025 | 
outlookmoney.com | Anuradha Mishra |Shivangini Gupta
With Budget 2025 just around the corner, the life insurance sector is eagerly looking forward to some tangible initiatives that can help the sector reach more customers. This is the need of the hour, given how insurance penetration in the country has slipped to 3.7 per cent in the 2023-24 financial year, down from 4 per cent in the previous year, according to the report by the Insurance Regulatory and Development Authority of India.
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Jan 30, 2025 | 
outlookmoney.com | Anuradha Mishra |Shivangini Gupta
Market regulator Securities Exchange Board of India (SEBI) has tightened its grip on influencers who dish out investment advice in the garb of investor education. The market regulator issued a circular which prohibits unregistered advisors from using real-time share price data of the preceding three months to speak, talk or display the name of any security.
