'There is no question of diverting funds. This government is pro-poor, pro-worker and pro-progressive.'
NPS is a cost-effective instrument with low fund management and other fees. Unlike in mutual funds, investors get the benefit of tax-free rebalancing here.
It helps in getting excellent monthly pensions
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
It's such a well-kept secret that even well-heeled financial planners aren't aware of it, says Harsh Roongta.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
EPF has traditionally been the only tool for Indians, especially the salaried class, to save for their retirement corpus.
In a placatory move, the labour ministry also said it was contemplating permitting withdrawal of all accumulations by Employees' Provident Fund Organisation's subscribers on grounds like purchase of house, serious illness, marriage and professional education of children.
As per the EPFO income projections, retaining 8.8 per cent rate of interest for the current fiscal would have left a deficit of Rs 383 crore. Hence, it was lowered to 8.65 per cent
The retirement fund body plans to launch 'One Employee One EPF Account' system on May 1.
If the government decides to go back to the old regime where the EPF was not taxed but the NPS was, the latter will become an unattractive product.
Private firms will have to maintain a minimum net addition to their workforce each month from October this year to June 2021 to get the Employees' Provident Fund subsidy for the new recruits.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The government has brought in changes to the investment pattern for non-government provident funds, and superannuation and gratuity funds, enabling them to invest up to 5 per cent in the units of Category I and Category II alternative investment funds (AIFs), subject to some caveats. The development is part of the central government's strategy to channelise domestic savings and improve their returns to attract more investment in the said sectors. At present, these funds typically invest a minimum 45 per cent in government securities, besides new instruments, such as exchange-traded funds and real estate investment funds, while a portion in equity-related instruments.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The government will decide the interest rate on the country's largest pension fund scheme based on the rate of return on investments in the next financial year, Labour Minister Sahib Singh Verma said on Tuesday.
Employees joining companies after August and availing of the government benefits under the Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) will also have to link their PF accounts with Aadhaar numbers.
Investments and expenses under section 80 C allows various tax benefits, says Harjot Singh Narula
'FDs should hold your emergency funds, equivalent to around 6-12 times your monthly expenses.'
Leading up to the International Women's Day on March 8, this is the first of a four-part series that talks about how women can invest to achieve their long-term financial goals.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The objective behind the move is to "retain the membership of PF subscribers and to address the social security needs at the time of unemployment."
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Religious institutions and charitable trusts employing 20 workers or more will have to deposit employees' provident fund with the EPFO.
While govt has decided to maintain status quo, don't use the money for house, marriage or education
Tax deductions and prioritising their sequence will help you streamline your investments for efficient tax saving.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
On retirement, you will draw a lesser amount as pension.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Want your investments to make money as well as save tax for you? Anil Rego has some advice
The government has approved incentive schemes for creating 1,00,000 employment opportunities a year for the physically challenged persons in the private sector, the Lok Sabha was informed on Thursday.
Despite the equity booster, many would be uncomfortable about NPS.
Almost 2,000 companies whose private provident and pension funds have invested in non-convertible debentures of IL&FS group firms are staring at the prospect of booking losses to the tune of Rs 9,000 crore or more if the interest income is added.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Centre has come up with a scheme of financial aid to private sector for employing disabled people.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
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