Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The new form does not require attestation by employer and can be submitted directly to the concerned EPFO offices
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Equity-linked savings scheme, PPF and Sukanya Samriddhi Yojana are recommended instruments.
Unlike the first two stimulus packages, this time the focus would be on boosting demand.
'There is still scope for selective stockpicking.'
Rationalisation in taxation on the retirement scheme puts significant money in the hands of investors.
Once the new rules kick in, you will have less cash-in-hand and may feel tempted to scale back on savings and investments.
As beneficiaries under Pradhan Mantri Rojgar Protsahan Yojna have to be EPF subscribers, these numbers indicate that the increase in EPFO payroll estimates is largely due to an increase in the beneficiaries registered under PMRPY.
Check out what happened in the world of business this past week.
You can still save money, says Samkit Maniar
The argument put forth is that withdrawals from a long-term investment avenue leave investors with a lower corpus on retirement.
But increase in the statutory contribution will boost retirement corpus
Business Processing Outsourcing (BPO) and Knowledge processing Outsourcing (KPO) firms are covered by the retirement fund body EPFO, Parliament was informed.
The National Social Security Number will be issued to the 4 crore (40 million) members covered by the scheme on the lines of the Permanent Account Number (PAN) given by the income tax department.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral free automatic loan for businesses, including MSMEs, to benefit 45 lakh small businesses. Detailing parts of the Rs 20 lakh crore economic stimulus package, she said this loan will have a 4-year tenure and will have 12-month moratorium, she said.
The much-awaited minimum monthly pension of Rs 1,000 and a higher wage ceiling of Rs 15,000 for social security schemes run by retirement fund manager EPFO will be implemented from September 1.
The Central Board of Trustees of Employees Provident Fund Organisation on Tuesday approved a scheme allowing subscribers to withdraw up to 90 per cent of the accruals to invest in Varishtha Pension Bima Yojana.
Smart investors fine tune their investments as per the Budget announcements to make the best possible use of tax deductions and other sops.
Investors must remember that only resident Indians can open a PPF account and a person can have only one PPF account.
The pensioners have been agitating for last 18 years
The government will soon issue guidelines for regulation of OTT (over the top) platforms that will address issues such as sensitive content, the Rajya Sabha was informed on Tuesday.
EPFO fund body EPFO is likely to increase the maximum amount assured under its Employees' Deposit Linked Insurance Scheme (EDLI) to Rs 550,000 from the existing Rs 360,000.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Restrict investment to Rs 50,000 for tax benefits, experts tell Sanjay Kumar Singh, but caution that taxation at maturity and compulsory annuities are dampers.
In an online chat with readers a few hours after the Union Budget 2015-16 proposals were announced by Finance Minister Arun Jaitley, Sundeep Agarwal, Director, PwC India, answered related queries to help put the announcements into perspective.
There is an attempt to brush aside the results of all surveys that point to a deteriorating jobs situation. This is counter-productive, says Mahesh Vyas.
"The prime minister's post is very dignified and he should not have made personal attacks, but I did not mind. He does not give answers, but only makes promises which are hollow," Rahul said, addressing an election rally.
If retrenched workers are unable to reskill within a fixed period of time, they will have to return the money given to them by the government. Moreover, they may be asked to pay back an interest on the sum transferred.
'If you retain your account with the EPFO for 10 years, you get a life-long pension.'
Evaluate recurring investment products and do the numbers before making any investments.
Few options that can help you plan taxes wisely.
The curious thing is that savings instruments have not really kept pace with changing needs, although people have access to a wider variety than before.
Tax planning should not be left for March. If you do so, you could face a severe cash crunch in that month, warns Sanjay Kumar Singh.
'The TDP walking out of the NDA is a victory for the YSRCP.' 'The YSRCP wanted it to happen so that it would help them in coming elections.'
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