Parents, siblings, spouse: How your family can save you tax

Hello, readers! We're excited to present this new weekly Business Standard newsletter on Personal Finance. In the first edition, we look at how your family can save you tax, what insurance policy for mental illness should cover, and why you must beware of mis-selling ploys some insurance advisors use to 'help' you save tax.

Besides offering you love and support in good and bad times, your family can also help you save taxes. To this end, we outline a few smart, and perfectly legal, strategies. Read here

Did you know that tax exemption can be claimed on rent paid to parents? Find out more about it here

The March 31 deadline to make tax-saving investments is approaching. This is the time when there is a rush to buy these instruments and some unscrupulous agents and distributors take advantage of buyers. Bindisha Sarang and Karthik Jerome explain the precautions you should take to avoid falling into the mis-selling trap. Read the full story here

Here are 4 things to consider before purchasing life insurance. Watch video here

The Insurance Regulatory and Development Authority of India (Irdai) is issuing circulars to goad companies into offering health insurance cover for mental illnesses. In this story, Sanjay Kumar Singh and Karthik Jerome explore the key gaps (or shortcomings) in this coverage. They also offer advice on how to go about obtaining it. Read here

Choose a policy that needs pre-issuance medical test?

Other Reads on Business Standard

Check out some of Business Standard's other insightful stories on tax, pension and much more:

PAN-Aadhaar link to ITR filing: Complete these 5 financial tasks by Mar 31 (Read)

Investors should make staggered investment in long-duration funds (Read)

Keep your money safe: Stick to systemically important banks for safety (Read)

Are your Aadhaar and PAN cards already linked? Learn how to check

This is an abridged version of the Business Standard Personal Finance newsletter. Sign up here to get the full version in your inbox every week.