The Reserve Bank of India (RBI) recently said no entity in the card transaction or payment chain, apart from the card issuers and card networks, will be allowed to store sensitive user data from January 1, 2022. Instead, in transactions card data will be converted to tokens.

Most taxpayers will benefit from being in the old tax regime, assuming they optimise their salary for tax benefits and claim the deductions available to them.

If a salaried employee does not possess Form 16, he can still file the I-T Return with the help of his salary slips and Form 26 AS.

If the nominations are not in place, the heirs need to go through a lengthy process to get access to the money cautions Bindisha Sarang.

Those who have an insurance policy need to check its clauses to determine if it covers home care treatment, advises Bindisha Sarang.

You can increase or reduce the sum assured of a term cover, depending on changes in your overall liability, advises Bindisha Sarang.

Investors should keep updating their personal and bank details with fund houses. They should also opt for the auto-pay facility so that the dividend proceeds get credited into their account directly, advises Bindisha Sarang.

EPF allows partial withdrawal to meet situations like house construction, medical emergency, and so on.

While using the family to save tax is legal and smart, ensure you use the ones where clubbing income laws isn't a concern, advises Bindisha Sarang.

'You should always maintain an allocation to gold as it has the ability to counterbalance any correction in the equity market.'

Make sure you read the policy wording. Some policies cover pre-existing diseases while others don't. Many need a minimum 24-hour hospitalisation, advises Bindisha Sarang.

Under Section 80D, you can avail of deduction on payment made towards preventive health check-ups.

There are, however, a few aspects to factor in before considering G-Secs as an investment option, advises Bindisha Sarang.

Lease, Subscribe or Own?

'If you miss the deadline, you can still file a belated tax return till March 31, 2021, with a fee under Section 234F, which could be up to Rs 10,000, in addition to an interest under Section 234A and 234B of the Act.'

'Remember, if an app breaks the rules while giving you money, it will also break them while collecting.'

Cheque payments will be safer; the limit for contactless card transactions hiked.

The trick is to know how long you are supposed to hold which document, observes Bindisha Sarang.

Some of these plans will weigh on your pocket. The increase in premium could also be large as you grow older.

Once the new rules kick in, you will have less cash-in-hand and may feel tempted to scale back on savings and investments.