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 […]
EPF & VPF Interest Rate raised to 8.5% for 2012 – 2013 Read More »
Income tax Department in a recent notification has extend the time limit for filing ITR-V forms relating to Income Tax Returns filed electronically for A.Y. 2010-11 (filed during F.Y. 2011-12) and for A.Y. 2011-12 (filed on or after 1st April, 2011). These ITR-V forms can now be filed upto December 31, 2012 or within a
Income Tax Dept Extends Filing Deadline for ITR-V Forms to Dec 31, 2012 Read More »
Last Financial Year 2011-12 was bad for stock markets. As per Business Standard estimates more than Rs 10 lakh went down the drain at Dalal Street for every second of trading. The benchmark indices Nifty went down by 9% while Sensex was down 10.5%. Below is the list of top 13 Blue-chip gainers and losers for
Stock Market: 13 Winner and Losers of FY 2011-12 Read More »
EPF (Employee Provident Fund) Interest Rate has been declared today for Financial Year 2011 – 2012. The bad news is it has been cut by 1.25% to 8.25%. This is first time that the interest rate for EPF/VPF is less than PPF (Public Provident Fund) and would affect about 6 crores subscribers. Below figure compares
ELSS (Equity Linked Saving Scheme) also popularly known as Tax Saving Mutual Funds are one of the best investments you can do to save tax and create wealth in the long run. But unfortunately according to the proposed direct tax code ELSS would be a thing of past and it would no more be eligible as
Best Tax Saving Mutual Fund / ELSS Fund to invest in 2011-12 Read More »
