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.
Archit Gupta on how can you maximise your savings and reduce your taxable income.
The proposal is currently with the finance department and is expected to be placed before the Cabinet in the coming days.
Rationalisation in taxation on the retirement scheme puts significant money in the hands of investors.
You need not worry even if there is a mismatch between your income and deduction in Form 16/16A and Form 26AS, says Ashley Coutinho
Want your investments to make money as well as save tax for you? Anil Rego has some advice
Jaitley has announced increasing the super-rich surcharge to 12%.
The report mentioned that the government spends 2.2 per cent of the GDP on pension bill.
Naveen Kukreja explains the finer points to keep in mind while planning for your retirement.
Reduction in the mandatory minimum contribution and extension to invest in the scheme from 60 years to 70 years has made the National Pension Scheme more friendly, says Anil Chopra, Group CEO & Director Bajaj Capital
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
You can still save money, says Samkit Maniar
Evaluate recurring investment products and do the numbers before making any investments.
Ignore these and you will end holding duds
'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.
Investments and expenses under section 80 C allows various tax benefits, says Harjot Singh Narula
PFRDA will invite bids to appoint pension fund managers.
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.
Consumers will thank the Modi government for this simple yet revolutionary move, which is long overdue, says Debashis Basu.
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 proposal had attracted strong criticism from the salaried class.
'Where in the world you get 12.5 per cent return of interest?'
The new 10 per cent dividend tax will be payable only on dividend income over and above Rs 10 lakh threshold in a year, according to an amendment to the Finance Bill 2016 approved by Lok Sabha.
'The rate of interest from the EPF is still attractive compared to the rates on fixed deposits, National Savings Scheme, Public Provident Fund...'
Fresh investments are constrained by tepid demand.
Use deductions introduced in the Budget to save additional Rs 24,000 in tax
But do not expect the finance minister to fulfil all these wishes
If you plan it out, instead of rushing it in the last moment, you will realise how much you have saved and the difference it makes to your personal wealth.
What is it about Arohan that puts it in the top league of microfinance institutions in the country?
A friendly working environment, special healthcare facilities, flexible work hours, work from home options, support and camaraderie among the team members keep employees highly motivated in these 10 companies.
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