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The upcoming Central Board of Trustees (CBT) meeting on February 28, 2025, will be crucial in addressing these demands.
IRDAI has set a cap of 10% on the annual premium hikes for individuals aged 60 and above.
Income tax deductions related to salaries, gratuity, and leave encashment are grouped for better accessibility.
This latest repo rate cut, if followed by banks, can further stimulate borrowing and provide relief to consumers.
The Income Tax Department requires individuals earning above ₹4 lakh to file an ITR, even if their tax liability is zero.