Personal Finance
DA hike: CPI-IW rises to 153.2; is 64% DA likely for central govt employees? Here’s what the calculation shows
July 2026 CPI-IW rose 1.3 points to 153.2, taking the running DA calculation for central government employees to about 64% for January 2027. The final DA rate will depend on CPI-IW data for August to December 2026 and the government's formal announcement.
2 min read02:06 PM ISTGift, loan or benami? Tax rules to know before adding family member to property title
A chartered accountant advises buyers to clarify the exact nature of the ownership arrangement before finalizing a purchase to avoid future legal and tax complications.
3 min read11:51 AM ISTRBI June 2026 bank credit data: Lending rate falls to 9.26%, women’s borrowing grows 19.7%; 5 key takeaways
Bank credit growth rose to 16.5% in June 2026, while the weighted average lending rate on outstanding credit fell to 9.26%, RBI data showed. Credit to female borrowers grew 19.7%, while personal-loan credit rose 12.7% and credit growth was stronger across non-metro centres.
2 min read11:28 AM ISTITAT Mumbai ruling: ₹16.64 lakh cash seized in tax raid, taxpayer wins ₹8.87 lakh unexplained cash dispute
The ITAT Mumbai deleted an ₹8.87 lakh tax addition after accepting a taxpayer’s explanation for cash found during an income-tax search. The tribunal said family savings and gifts must be assessed based on human probabilities.
3 min read11:04 AM ISTTax on share profits: When can Income Tax reject your LTCG claim? Mumbai ITAT’s ₹85 lakh ruling explained
The Mumbai ITAT has ruled in favour of an investor whose ₹85.35 lakh long-term capital gains (LTCG) from Sunrise Asian shares were treated as unexplained income by the tax department.
2 min read09:10 AM ISTSenior citizen misses income tax appeal deadline by 191 days after wife’s death; ITAT Pune gives another chance
A Pune-based senior citizen missed the income-tax appeal deadline by 191 days after his wife’s death. The ITAT Pune, in ITA No. 1586/PUN/2026, directed the appellate authority to condone the delay and hear his tax appeal on merits.
2 min read08:59 AM ISTMotor insurance: Why Kiwi is rethinking the no-claim bonus
Kiwi General Insurance’s Super NCB feature lets policyholders build a bonus of up to 90% and reduces it by one level instead of wiping it out after a claim.
5 min read31 Aug 20268th Pay Commission: DoPT forwards pre-2026 retirees’ representations to Department of Expenditure; what happens next
DoPT has forwarded representations seeking pension revision for central government employees who retired before 1 January 2026 to the Department of Expenditure. The move puts the demand formally before the government, but does not mean pension revision has been approved under the 8th Pay Commission.
2 min read31 Aug 2026NPS charges from October 1, 2026: PFRDA revises PoP fees, ₹200 onboarding charge and 0.20% AUM fee explained
PFRDA will revise the NPS and NPS Lite PoP charge structure from 1 October 2026, including a ₹200 onboarding fee and 0.20% annual AUM charge. The regulator has also clarified when e-NPS users are exempt, how dormant accounts are treated and why the original onboarding route matters.
3 min read31 Aug 2026X user questions extra verification after OTP for ₹1.05 lakh credit-card payment; what RBI rules say
An X user questioned why HDFC Bank sought additional confirmation after he authenticated a ₹1.05 lakh credit-card payment with an OTP. RBI rules allow banks to use risk-based security measures and adaptive authentication for digital payments.
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