'There are no new benefits for senior citizens, but on the other hand senior citizens having sizeable dividend income may have to suffer tax at applicable slab rates,' says Mahesh Padmanabhan.
Plan these investments well rather than just doing random investments at the beginning of the year or rushing in at the end, advises Harshad Chetanwala, co-founder, MyWealthGrowth.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
The self-employed should invest in the National Pension System, a government-backed, low-cost retirement avenue where they can choose the mix of debt and equity that is right for them.
Your financial goals are of utmost importance and the tax saving is an added incentive, advises Dwaipayan Bose.
The PFRDA Act would give statutory status to the pensions sector regulator, and in addition to other objectives, aims to address apprehensions regarding safety and yield under the National Pension System.
Facing flak over its decision to impose tax at the time of withdrawal on 60 per cent of the contributions to Employees' Provident Fund, the government on Tuesday clarified that only interest accrued on 60 per cent contribution to EPF after April 1, 2016 will be taxed.
MFs continue to find it difficult to attract and retain long-term money from investors
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Want your investments to make money as well as save tax for you? Anil Rego has some advice
Once the new rules kick in, you will have less cash-in-hand and may feel tempted to scale back on savings and investments.
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Denmark has been rated as the country with the best retirement system in the world.
Conservative investors and those in the lower tax bracket should opt for these, experts tell Sanjay Kumar Singh
Use deductions introduced in the Budget to save additional Rs 24,000 in tax
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.
Investments and expenses under section 80 C allows various tax benefits, says Harjot Singh Narula
As many as 8.5 lakh bank employees are set to benefit from the wage hike, which will be effective from November 2017.
Avoid investing in a new ELSS scheme each year. Stick to one well-chosen scheme to avoid clutter in your portfolio.
FM's proposal came under immediate attack from various employees unions
Ignore these and you will end holding duds
Jaitley has announced increasing the super-rich surcharge to 12%.
But do not expect the finance minister to fulfil all these wishes
The independent institute advising the PM on jobs seems to have missed the point that the challenge is to create net additional jobs, says Mahesh Vyas.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Those who have crossed 50 must show the greatest urgency. They need to achieve a corpus that can sustain them and their spouses for at least 25-30 years after retirement.
In an online chat with Rediff.com readers, G Srikanth, partner, GSV Associates, chartered accountants, Chennai and member of the Institute of Cost and Management Accountants, answered queries about the new income tax proposals mooted in the Union Budget 2020-2021.
You can still save money, says Samkit Maniar
It's better to inform your new employer about income earned and deduction availed with the previous one.
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.
'The rate of interest from the EPF is still attractive compared to the rates on fixed deposits, National Savings Scheme, Public Provident Fund...'
Nikunj Saraf, Vice President Choice Wealth, answers your queries
'Apart from providing you with the ability to withstand escalating medical expenses, a dedicated financial plan for health will also ensure financial independence in old age,' advises Arun Thukral, MD & CEO, Axis Securities.
To curb mis-selling of policies and rationalise commissions, radical changes have been proposed to help investors.
FM proposed rationalisation of various tax exemptions.
Pawan Kumar, organising secretary of the Bharatiya Mazdoor Sangh (BMS) affiliated to the Rashtriya Swayamsevak Sangh (RSS), tells Aditi Phadnis it will join forces with other trade unions if necessary to oppose the Employees' Provident Fund Organisation (EPFO) provisions in the Union Budget.
It is best to invest long-term surplus in stocks or equity mutual funds.
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.
'There is still scope for selective stockpicking.'
The government should now focus on governance and monitoring the supply side to manage inflation, says M V Subramanian.
