Mon, Aug 12, 2024
Retirement Planning: EPF offers an 8.25 per cent annual compound interest rate to its subscribers. Deposits up to Rs 1.50 lakh in a financial year under Section 80C of the Income Tax Act, the interest earned, and the maturity amount are tax free under the scheme.
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Wed, Jul 24, 2024
What is good in this budget from the point of view of FIIs? Have the expectations of India's rating upgrade increased? Watch a special conversation with Morgan Stanley's Ridham Desai
PPF vs VPF: One can contribute up to a maximum of 12 per cent of their basic salary and dearness allowance (DA) in EPF. If one wants to contribute beyond that limit, it can be done through Voluntary Provident Fund (VPF). PPF, on the other hand, has a lock-in period of 15 years, which can be extended for further blocks of five years.
Wed, Jul 26, 2017
While, the government is working on it closely, if the fiscal year changes, it will bring major transition in your tax planning.
Mon, Jul 17, 2017
Legally, the government allows for certain tax-saving deductions that you can use to lower your taxable income. You can effectively use these deductions to pay less tax.
Mon, May 22, 2017
Income Tax (IT) slabs have been tinkered with a bit by Finance Minister Arun Jaitley during his Budget speech on February 1, 2017. If you are looking to file your Income Tax Returns (ITR) and have a few questions regarding your income tax slab or how much tax you can save this year, read on.
Wed, Mar 22, 2017
The NSC is a one-shot investment where you can invest as less as Rs.100 to as much as Rs.1.5 lakh at a time.
Wed, Feb 01, 2017
Besides the increase in the tax slabs there is also expected to be an increase in the exemptions under 80C.
In the Budget 2015, during the speech, Jaitley had said that the government will reduce the tax rate for the domestic companies from 30% to 25%.
Mon, Jan 16, 2017
A large majority of tax payers also said that the deductions on the investment limit, medical reimbursement and travel reimbursement should be increased.
Sun, Jan 01, 2017
Finance Minister Arun Jaitley should double the basic income tax exemption limit to Rs 5 lakh per year and raise the ceiling for claiming deduction under Section 80C to Rs 2.50 lakh, according to a survey by tax consultant Deloitte.
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