The Direct Tax Code recently been proposed by the Government of India, will bring about a change in the whole taxation system of the country. But how will it impact tax savers?
Under this programme, employees can work on innovative ideas, for which the firm will provide funding and help in setting up a team. The programme is part of the company's initiative to allocate 10 per cent of their cash reserve to initiatives that are technology-led.
EPFO's suggestion to hike interest on EPF is with Finance Ministry. What it means for you...
The new form does not require attestation by employer and can be submitted directly to the concerned EPFO offices
SBI has twice hiked interest rates on fixed deposits within a month, but an investor still gets better returns at the post office.
The move would also help banks garner more funds to meet their lending needs.
The steep one percentage points increase has taken the interest on PF deposits of 4.71 crore organised sector workers to a five-year high.
Rather than one-year returns, look at benefits of long-term investment in equity.
'When we say we want to increase pension participation, do we want to increase participation through the savings route?' 'Or do we want people to save in specific pension products?' asks Renuka Sane.
The reaction came a day after Pakistan's Interior Minister Rehman Malik said that India is providing funds for Taliban fighters located along the Afghanistan border for creating chaos in Pakistan.
'Every Indian citizen is already exposed to massive digital surveillance and most are already vulnerable to data theft and cyber-impersonation as well,' points out Devangshu Datta.
Retirement fund body EPFO on Monday is likely to retain 8.5 per cent interest on PF deposits for its over 5 crore subscribers in 2013-14.
Pakistan's Inter-Services Intelligence agency is making all-out efforts to revive terrorism in Punjab by providing funds to radical groups, state Director General of Police Paramdeep Singh said in Jalandhar on Saturday.
It's high time we now turn the popular question on its head -- when there is no growth in jobs for several years, how can the real GDP grow at 7 per cent per annum, says Mahesh Vyas.
Ajit Balakrishnan offers a recipe for creating 100,000 plus angel investors in India.
Investors across age groups and risk appetite can invest in these schemes.
Taxing the existing retirement benefits schemes would affect the working class, the labour ministry said.
The next revision will make the rates similar to those of bank FDs.
EPFO manages a corpus of about Rs 257,000 crore with subscribers' base of over 4.5 crore.
Banks have been reluctant to transmit the entire policy rate cut by RBI to borrowers.
During the hearing in CJI's court No 1, an unfazed Justice Gogoi said the allegations are unbelievable.
The committee has termed the Employee Provident Fund Organisation's data on number of pensioners subscribed to the Employee's Pension Scheme, 1995 as 'inflated and imaginary'. Top officials of the labour ministry and the provident fund organisation were unable to explain how calculations for pensionary liability were arrived at without knowing the number of pensioners in the country.
The railways, the country's largest employer, will be hiring 127,000 people in 2018-2019, for which 23.7 million are competing.
Tax incentives are given to encourage savings / investments. Savings form part of your overall financial plan which in effect means tax planning is a subset of financial planning. Your financial plan will set objectives for you based on your aspirations, your life style, your age group, size of family, et cetera.
Few options that can help you plan taxes wisely.
For generating fixed income, you can also look at the Post Office monthly income scheme, which will pay interest at 8 per cent per annum, taxable in the hands of the account holder.
About 25-30% of total units launched are unsold across country.
Under the proposed scheme, there will be tripartite agreement with member, bank/housing agency and EPFO for pledging future PF contributions as EMI payment.
It is that time of year again, when we have to make tax saving investments. But how do we go about choosing the right tax saving instruments that will give you the optimal returns while saving you tax?
It had earlier proposed cutting it down to Rs 250 crore due to slow progress in enrollment of new employees.
The Employees Provident Fund Organisation will be seeking approval from its apex decision-making body, the Central Board of Trustees, to implement a finance ministry order to invest up to 15 percent of the fund in equity. The new pattern that was notified last year comes into force from April 2010.
"India has made a cogitative decision, and shows the common views of China and India in fighting terrorism and separatism, and the determination of further cooperation," Fu Xiaoqiang, an expert on South Asian studies at the China Institutes of Contemporary International Relations, told the Global Times.
There will be no retrenchment in Satyam, up to 10,000 employees to be put into virtual pool, Tech Mahindra CEO Vineet Nayyar said.
Pension plans by mutual funds have a three-year lock-in like ELSS.
There are about 200 security staff who have the responsibility of checking the aircraft, baggages and also keep a vigil on the aircraft and areas surrounding it so that no one make an unauthorised entry. A senior airline's official dealing with the issue, said that their demand of salary hike has been sent to the head office in Mumbai.
Centre meets target of 18,000 villages but household metering remains a challenge
The Employees Provident Fund Organisation has started looking for options to park 3-5 per cent of its huge corpus of Rs 2.57 lakh crore (Rs 2.57 trillion) of retirement fund in stock markets to earn better returns.
The government has asked the Employees Provident Fund Organisation (EPFO) to begin parking three to five per cent of its subscribers' retirement funds in stocks for better returns -- a move that would also increase flow of funds to capital markets by up to Rs 13,000 crore (Rs 130 billion).
The FIC meeting will decide on whether to park a portion--to the tune of three to five per cent--of the fund's corpus of Rs 2.71-lakh crore, into the equities markets.
People are increasingly being drawn to trusty small savings instruments
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