Appoint a guardian to make a minor child an insurance nominee

If you are looking for investment returns, then you have products like fixed deposits, mutual funds, savings schemes and insurance endowments to choose from.In Ulips, you can select the underlying investments such as debt or equity or balanced funds Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies

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20% salary to be deducted as tax if employee doesn't share PAN, Aadhaar

The rule will be applicable to those who earn more than ₹2.5 lakh per annum, said CBDT.In its 86-page page circular, the CBDT has said employees have to quote PAN and Aadhaar details compulsorily as per the Section 206-AA of the Income Tax Act Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies

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5 income tax changes expected in this year's budget

Tax experts expect some rationalisation as there is a steep jump in tax rate when income exceeds ₹5 lakh.Some tweaking in dividend distribution tax, long term capital gains tax on listed shares are also high on the wish list Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies

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Employers reminded to deduct income tax at 20% or higher if PAN or Aadhaar not given

The reminder from the tax department comes at a time the authorities are trying hard to meet their direct tax collection target.Employers try to be meticulous in their TDS obligations as any default on this could invite penalty Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies

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