Meet a Mumbai couple whose hearts are so big that they emptied out their entire savings to help feed the poor and needy during the COVID-19 pandemic.
When looking at fund returns, avoid looking at just the past 12 months' performance, says Sanjay Kumar Singh
At present, the EPF subscribers are exempted from paying income tax on deposits.
It is not advisable to touch retirement corpus if property is being purchased for investment.
EPFO's Central Provident Fund Commissioner K K Jalan has said that these directives shall help the body in getting the bank account details of all the members which are necessary for making UAN operational.
The employers often split wages into different allowances to reduce their PF liability and also increase the take home pay of their workers.
The members of these trusts enjoy tax and other benefits at par with EPFO subscribers.
The Budget touches a few highs and lows as far as personal finance is concerned, and one needs to be aware of them in order to optimise on one's investment plans.
After assuming power in 2014 with a full majority of its own, the BJP-led NDA government started an ambitious process of reforming labour laws in the form of codes aimed at making the framework less cumbersome with a variety of alterations. It had planned four codes each for industrial relations, wages, social security and welfare, and occupational safety, health and working conditions. To this end, 35 central labour laws were to be converted into four codes that would have had the virtue of streamlining labour relations. But none of the proposed code Bills could be converted into a law principally because neither trade unions nor industry representatives came on board. They hold the key to India's low-growth-high unemployment paradigm but the government may struggle to push them through this time as well. Somesh Jha explains why
Tax planning will help you pay less income tax. Something everyone wants. But smart tax planning will help you boost your portfolio.
Experts have started giving comments on provisions that the govt must make in Budget 2016-17.
Unique Identification Authority of India said the alleged data breach took place on a website that does not belong to it.
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.
Without Form 16, tax computation becomes cumbersome
Evaluate recurring investment products and do the numbers before making any investments.
By region, Thiruvananthapuram leads with 247 defaulters, followed by Kolkata with 173 and Bhubaneswar with 115
Individuals often postpone tax planning till the end of the financial year. As the deadline for showing proof of investments draws near, they invest randomly in any product that will help them save tax for that year. Later, they realise that it is not suited for them, so they abandon it. Tax planning should not be a standalone, one-off activity, but should be in sync with your overall financial plan, says Sanjay Kumar Singh.
Economy to grow by 7.2-7.5 per cent in second half of current fiscal, says FM.
On maturity, 40 per cent of the accumulated corpus can be withdrawn tax-free.
The first step is to estimate the retirement corpus you would need and to compute the approximate amount you can set aside every month, says V Viswanand, Senior Director and Chief Operations Officer, Max Life Insurance
Salaried employees get several benefits under Sections 80C, 80D, 80G and others.
Arun Jaitley had a tough fiscal hill to climb.
The next revision will make the rates similar to those of bank FDs.
'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.
Priya Nair tells you how you can use technology to invest better and maximise returns.
Retirement fund body EPFO's trustees on February 5 will decide on amending its scheme to provide a minimum monthly pension of Rs 1,000, which will immediately benefit its 27 lakh pensioners.
An excerpt from 'Money Smart: The Indian Woman's Guide To Managing Wealth' by Reenita Malhotra Hora and Divya Vij that reveals various options to help you save tax as well as invest for creating long-term wealth.
Jaitley said a 10 per cent tax long on capital gains exceeding Rs 1 lakh made from the sale of shares has been introduced but those made till Janaury 31 would be grandfathered. A 10 per cent tax on distributed income by equity oriented mutual funds has also been proposed in the budget.
Bank shares were the top losers after sharp gains last week.
'What is this new PF rule? Complete nonsense!' 'I want my PF money right now and not when I am 58 years old.'
'The package will help in realising the true potential of employment generation in the textile and apparel sector.'
Start 2017 with these five simple financial resolutions and you will put your family on solid ground financially, says D P Singh, executive director and chief marketing officer, SBI Mutual Fund.
Insurance firms have designed amazing retirment plans to lure more customers.
This mindless medley of products does not create choice.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
Classically, the Japanese - who are not guided by short-termism - added capacity during slumps to be ready to reap their good fortune when the business cycle turned upwards again and shortages emerged, says Subir Roy.
Let us look at this scheme a little more in detail.
