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AI Image : Fees rise every year due to education inflation. Salaries often fail to grow at the same pace. Over time, this gap becomes financially unsustainable.

From Nursery To Class XII: Schooling A Child Can Now Cost Up To Rs 61 Lakh In India

While parents continue to invest heavily in schooling in the hope of securing a better future for their children, the rising costs are creating a widening gap between aspiration and affordability.

BY Outlook Money

Calculate & Plan your future with ICICI Prudential Life's retirement calculator

AI : Income Tax Laws
Money Received From Son Is Not Taxable Under Income Tax Laws

For income received through bank interest and rent, file ITR 1 for income up to Rs 50 lakh. If the aggregate value of all gifts crosses the threshold of Rs 50,000 in a year, the total value of all such gifts becomes taxable in the hands of the recipient. Rent earned by wife on flat owned by you will be treated as your income

BY Balwant Jain

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What Your Policy Won’t Cover

What Your Policy Won’t Cover
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