Taxation plays a very important role in the returns generated by your investment and so you should know how the investment is taxed before you choose one. We list down the most common investments and how they are taxed? Fixed Income/Debt Investments: 1. Saving Bank Account: Interest earned in Saving bank account up to Rs […] Continue reading →
Retirement planning is one of the most important financial goals in life of a person. Most of us have heard about Employee Provident Fund (EPF) and (Public Provident Fund) PPF for building retirement corpus but do you know how can you leverage Voluntary Provident Fund (VPF) to add zing to your corpus? What is Voluntary […] Continue reading →
PPF (Public Provident Fund) is one of the most popular and one of the best debt investment instruments. We have Excel based calculator for PPF Withdrawal, Loan and Maturity. PPF Calculator: This PPF calculator can calculate the maximum loan eligibility, partial withdrawal eligibility and the maturity value at the end of 15 years. It takes […] Continue reading →
Most salaried employees have EPF (Employee Provident Fund), which is regulated by EPFO. Earlier it was almost impossible to check your EPF balance in real time. But thankfully EPFO has adopted new technology with time and now you can check your EPF Balance almost real time in following 5 ways. Monthly Alerts SMS: In case […] Continue reading →
Government of India notified that PPF account holders can now close their PPF accounts prematurely in certain extreme cases with penalty. We explain you the conditions and the penalty impact. When can PPF Account be Closed before Maturity? The PPF account can be closed before maturity if it has been operation for at least 5 […] Continue reading →
Budget 2016 had proposed provision to allow transfer of EPF to NPS. Nearly after a year PFRDA (Pension Fund Regulatory and Development Authority) has come out with guidelines on “How to transfer EPF/Superannuation Fund to NPS”. Steps to Transfer EPF to NPS: You can move EPF to NPS in following 5 steps: Step 1: Get […] Continue reading →
Budget 2016 had a nasty surprise for all the salaried class. In his Budget speech Finance Minister said that in order to give level playing field to pension products, the 60% corpus at maturity (for both NPS & EPF) would be taxed according to individual tax slab. This rule was good news for NPS subscribers […] Continue reading →
The Interest Rates on Small Saving Schemes like PPF (Public Provident Fund), SCSS (Senior Citizens Saving Scheme), NSC (National Saving Certificate), Monthly Income Scheme (MIS), Post Office Recurring Deposit (RD) and Post Office Term Deposits have been cut by 0.1%. However the interest rate on term deposit for 1 Year and the Post Office Savings account have remained […] Continue reading →
There is good news for five crore subscribers of EPF (Employee Provident Fund) and VPF (Voluntary Provident Fund). EPFO has decided to increase the interest rate on both EPF & VPF to 8.5% for FY 2012-13. This was reduced to 8.25% for FY 2011-12 from 9.5% a year earlier. The cut in interest rate had […] Continue reading →