Retired employee claims tax exemption on Rs 19 lakh leave encashment; I-T dept issues notice and caps it at Rs 3 lakh; ITAT Chennai grants him full reliefWhen Mr Balasubramanian Venkatachalaperumal from Jagadamal Street retired from ONGC in FY 2019-20, he got Rs 19.05 lakh as leave encashment...
Is Rs 46 crore enough to retire in India? Netizens tells NRI: 'Money would not be able to...'An NRI's Reddit post questioning if $5 million (Rs 46 crore) is enough to settle in India, especially with his wife battling cancer, sparke...
Shuttler Rounak Chouhan enters main draw of Macau OpenIndia's Rounak Chouhan advanced to the Macau Open Super 300 men's singles main draw after his opponent retired due to injury. Chouhan will ...
20 minutes, 1 life lesson: 60-year-old retired man takes the metro every day with nowhere to go. His honest reason can change the way you think about happinessAn elderly man, riding the metro with no destination, shared how he transforms his daily commutes into opportunities for human connection. ...
How Life Cycle Funds aim to simplify long-term wealth creationIndian mutual fund houses are launching Life Cycle Funds, a new goal-based investment product. These funds automatically adjust asset alloc...
64-year-old intern: Just like Robert De Niro in The Intern, this business guru with decades of company-building experience starts again; says, 'I don’t have...'At 64, Otis D’Souza chose to become an intern, not out of financial need, but a desire for purpose and continued learning. He embraced the ...
Woman seeks to stop husband's pension over unpaid maintenance; HC suggests different optionA woman approached the Madras High Court seeking to stop her estranged husband's pension and retirement benefits, claiming he had failed to...
From reducing stock, MF holdings to evaluating your assets: Use this 8-point checklist to simplify finances after retirementYou may not need a long list of investments. Close bank and investment accounts that you no longer need. Reduce your stock and mutual fund ...
Rs 1 lakh salary, Rs 20,000 savings: Is early retirement possible? 22-year-old starts retirement planning from day one of careerA 22-year-old who is about to start a job in Mumbai with a monthly salary of around Rs 1 lakh turned to Reddit for advice on retirement pla...
After retirement, everyone wondered what her 'Amma' would do next. Kerala woman left for a Europe trip the very next day, leaving everyone inspiredRetirement took an unexpected turn for a woman from Kerala. Instead of slowing down, she began an incredible journey across Europe the very...
Is Rs 1 crore really enough for retirement? CA calls it a ‘retirement trap’?A Rs 1 crore retirement corpus is a 'trap', not a milestone, warns Chartered Accountant Nitin Kaushik. With 6% inflation, its purchasing po...
Amid 'flop actor' remark, Akshay Kumar says he has no plans to retire. Welcome To The Jungle actor imagines life as 'electrician, dog walker or gardener' after moviesAkshay Kumar has no plans for retirement, believing work keeps one alive. He spoke about his dedication at the trailer launch of his upcomi...
Kane Williamson retires from international cricket; signs off as New Zealand's highest run scorerNew Zealand cricketer Kane Williamson has retired from international cricket. The announcement came on Friday, ending a 16-year career. Wil...
7 retirement planning tips for regular income and long-term financial security
Can ₹1.5 crore generate ₹1 lakh every month after retirement? The answer may surprise you
Retirement planning: 7 golden rules you must consider for easy retirementRetirement planning should focus on generating sustainable income while ensuring the corpus lasts throughout life. Key factors include acco...
Rs 1.50 lakh/month income from Rs 1.5 crore corpus? Easy retirement strategies explainedRetiring with Rs 1.5 cr can provide a monthly income, but the amount depends on risk appetite and investment returns. Experts suggest withd...