Smart investors fine tune their investments as per the Budget announcements to make the best possible use of tax deductions and other sops.
Want to know how to claim tax deduction on property income you earn? Do you know how to withdraw unclaimed EPF money?
Subscribers of retirement fund manager EPFO, settling their final claims before the new rate is announced for the current fiscal, will get the existing 9.5 per cent interest on their deposits.
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.
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.
EPFO's suggestion to hike interest on EPF is with Finance Ministry. What it means for you...
The EPFO launched one-page simplified forms for withdrawal.
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.
'Where in the world you get 12.5 per cent return of interest?'
'It is crucial to understand that the ultimate goal of your investments isn't to pay lesser tax, but to create long-term wealth for you and your family,' says Satyen Kothari, founder and CEO, Cube Wealth.
The purpose of the provident funds is to help people in their retirement periods. Hence the EPF and PPF are for long term savings.
Equity-linked savings scheme, PPF and Sukanya Samriddhi Yojana are recommended instruments.
The Central Bureau of Investigation (CBI) on Tuesday conducted raids on the premises of noted builders Hiranandani brothers, who have been accused of "evasion" of employees provident fund.The raids have been conducted at eight places belonging to Hiranandani brothers in the city.
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.
Otherwise, EPFO can freeze your account. But seek detailed calculation to verify the numbers
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.
Centre has come up with a scheme of financial aid to private sector for employing disabled people.
One popular strategy is to hire contract workers.
A consensus eluded the Central Board of Trustees on the controversial issue of interest rates for 3 crore (30 million) provident fund subscribers amid indications that the board would take up the matter next month.
The AITUC has suggested utilisation of the entire corpus for creation of the infrastructure development fund. Do you agree?
The CPI-backed AITUC has proposed to Prime Minister Manmohan Singh to utilise pension funds and employees provident fund for infrastructure development instead of investment in the speculative capital markets.
Rationalisation in taxation on the retirement scheme puts significant money in the hands of investors.
In a statement, Jayalalithaa said it was unfortunate that the EPF board decided to retain the interest rate at 8.5 per cent, amidst opposition from the huge work force of the country.
Bowing to pressure from Left- backed trade unions, the Employees Provident Fund Board agreed on Monday to continue paying 8.5 per cent interest rate to its nearly 4 crore subscribers for fiscal 2006-07 as well.
Left to distance itself from NDA's 'aggressive' stance in Winter session
The Central Board of Trustees of Employees Provident Fund is likely to defer a decision on interest rate to be given to its more that 4 crore (40 million) employees this fiscal.
Retirement fund body EPFO paid lesser amount as interest on PF deposits of over five crore subscribers than its earnings between 2007-08 and 2010-11, government auditor CAG has said.
'There is no question of diverting funds. This government is pro-poor, pro-worker and pro-progressive.'
From the date you put in your papers, the employer will promptly freeze your salary payouts and you will get everything along with the full and final settlement.
The popularity of the instrument lies in that it converts an illiquid asset -- the house -- into liquid cash flows for the owner, typically a senior citizen.
Few options that can help you plan taxes wisely.
Check out what happened in the world of business this past week.
The argument put forth is that withdrawals from a long-term investment avenue leave investors with a lower corpus on retirement.
The Left parties, however, opposed the privatisation of the Delhi and Mumbai airports.
'Now, we have a minimum pension of Rs 1,000 annually.'
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.
