The bill to amend payment of gratuity Act in order to double the ceiling of tax-free gratuity to Rs 20 lakh, would soon be placed before the Union Cabinet for approval.
Retirement fund body EPFO may lower the interest rate on deposits to 8.6 per cent for over 4.7 crore (47 million) subscribers for 2011-12 to match it with the rate of public provident fund (PPF) scheme.
Government to pay disproportionately high interest for borrowings from savings, overturning a nearly two-decade-long process of reforms in the management of public debt.
Except investing more and investing for a longer period mankind will do anything to increase its wealth.
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.
A combination of ELSS or PPF with a term plan offers better coverage and returns
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
It is suggested that you get your SIM locked with which the wallet account is mapped.
In this interview with Rediff.com's Shobha Warrier, Ashok Kumar E R, the CEO and co-founder of Scripbox shares some more interesting observations about the way Indian women make financial decisions and offers advice on how, with the apt guidance and information, they could do a lot better.
Equity investments are fruitful over the very long 20-year term.
EEE continues for PF, life insurance and NPS; capital gains from stocks, equity funds may become a part of ordinary income.
Only commitment and planning can help you reap the benefits of long-term investments, says Abhishek Agarwal
'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.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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.
There is no ignoring the respectable returns given by National Savings Certificate, which are not only assured, but also tax-exempt under Section 80C and government-guaranteed.
Here's what you must know about filing your tax returns.
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.
'If I close my housing loan, are there any investment avenues (the investment should provide liquidity) to save tax?'
For longer tenure products, they offer higher returns compared to other instruments. But for shorter tenures, things are getting tighter for investors.
Equity-linked savings scheme, PPF and Sukanya Samriddhi Yojana are recommended instruments.
Tax incentives are given to encourage savings / investments. Savings form part of your overall financial plan which in effect means tax planning is a subset of financial planning. Your financial plan will set objectives for you based on your aspirations, your life style, your age group, size of family, et cetera.
The world's largest steel maker, ArcelorMittal, on Thursday said it would acquire additional 13.8 per cent stake in its Czech arm ArcelorMittal Ostrava for $404.3 million (around Rs 1,900 crore).
Financial planning expert Vetapalem Sridhar on where to invest your money in 2009.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
With mutual funds becoming an increasingly popular investment avenue, it would pay to be tax-smart.
Get Ahead financial planning expert Vetapalem Sridhar advises you on how to look at unit linked insurance plans as an investment.
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.
It is that time of the financial year, when tax payers start getting active about investing in Section 80C instruments.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
For the wealthy, post-tax returns of debt funds would work out better
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The Centre has to bear the maximum burden of borrowing NSSF loans to the tune of Rs 1 lakh crore.
Correcting markets makes this a great time to buy an ELSS. Here are 7 schemes across the risk spectrum.
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