Mental health concerns are becoming increasingly common due to rising stress levels and changing lifestyles. As awareness around mental well-being grows, the need for health insurance coverage for mental health conditions has also become more important.  

The right health insurance for mental health can help reduce the emotional and financial burden of expenses related to therapy, treatment, hospitalisation, and other mental healthcare needs. 

ULIP and PPF are popular investment options for long-term savings. ULIPs are market-linked plans that combine the benefits of investment and life insurance. PPF, on the other hand, is a government-backed investment scheme that offers guaranteed returns. Both these investment options have their specific merits and demerits that can affect your short-term and long-term goals.

Charitable and religious trusts in India can claim 100% tax exemption on their income as per current tax rules. But this exemption is applicable only if one key requirement is met. This tax rule is specified in Section 11 of the Income Tax Act, 1961. It is the single most important provision governing trust taxation, yet most trustees leave themselves exposed to losing exemption over avoidable compliance gaps.

Section 11 discusses how any income received from property for charitable uses is exempt from taxation when used for education, medical care, poverty relief, or religious activities. Trusts should be registered under Section 12AB and apply at least 85% of their income during the financial year toward these purposes.

Read on to know different provisions under Section 11, ranging from the filing requirements to investment norms and recent amendments. This can help eligible trusts maximise their tax efficiency and ensure tax compliance.

Section 153 of the Income Tax Act, 2025 will replace Sections 80TTA and 80TTB of the Income Tax Act 1961. It consolidates and simplifies several earlier deduction rules, coming into force from April 1, 2026. Section 153 continues to allow deductions on interest income earned from bank, post office, and co-operative deposits.

Learn what rolling returns in ULIP mean, how to calculate them, and why they are a better measure of ULIP fund performance than point-to-point returns. Compare funds with Axis Max Life.