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  • 78% Indians Feel They Don't Save Enough for Retirement: Study

    78% Indians Feel They Don't Save Enough for Retirement: Study

    According to the global professional services firm, a large number of employees are not confident of affording a long spell of retirement amid high inflationary pressures.

  • Full Income Tax Exemption on Road Safety Donations Likely Soon

    Full Income Tax Exemption on Road Safety Donations Likely Soon

    Under the Income Tax Act, such donations at present get 50 per cent tax exemption under section 80G.

  • How to Make Most of New PPF Limit of Rs 1.5 lakh

    How to Make Most of New PPF Limit of Rs 1.5 lakh

    Mr Jaitley also increased the maximum amount eligible for deduction through permissible investments under 80C of the Income-Tax Act to Rs 1.5 lakh, from Rs 1 lakh. PPF is one of the financial savings that qualifies for Section 80C tax benefits. Not only the money you invest in PPF is exempt from tax under Section 80C, the interest you earn on the PPF investment is also exempt from tax.

  • Now Invest Up to Rs 1.5 lakh in PPF

    Now Invest Up to Rs 1.5 lakh in PPF

    The government has issued a notification raising the limit from annual PPF deposit limit from Rs 1 lakh to Rs 1.5 lakh in pursuance of the announcement made by Finance Minister Arun Jaitley.

  • PF Portability Soon: How It Will Work

    PF Portability Soon: How It Will Work

    Soon, you will be able to change jobs without worrying about transferring the funds lying in your provident fund. Retirement fund body Employees Provident Fund Organisation expects to operationlise permanent or universal account numbers (UAN) to its over 4 crore subscribers by October 15 this year.

  • Money Management Lessons You Can Learn From PM Modi

    Money Management Lessons You Can Learn From PM Modi

    Though the jury is still out on whether he can live up to the expectations of the countrymen at large, retail investors certainly stand to gain from him.

  • Surgery Highest Paid Job In US: Report

    Surgery Highest Paid Job In US: Report

    Surgeons get an average annual salary of $233,150 in the US, making it the highest paid career in the country, followed by physicians and psychiatrists, according to a report.

  • Personal Loan Against Fixed Deposit: All You Wanted to Know

    Personal Loan Against Fixed Deposit: All You Wanted to Know

    Managing liquidity is an important aspect of personal financial planning. Even individuals with good investment portfolios find it difficult to manage liquidity. A sudden requirement of cash can push you into a situation where you may have to sell your assets - sometimes at a discount to fair value.

  • Independence Day: Five Tips to Financial Freedom

    Independence Day: Five Tips to Financial Freedom

    Have you ever given a serious thought to financial independence and what you are doing to achieve it?

  • Credit Card Payments: Should You Pay in EMIs?

    Credit Card Payments: Should You Pay in EMIs?

    You must think of the EMI option only if you're on the verge of defaulting a payment. This saves your CIBIL score from going down.

  • Why Arbitrage Funds Are Attracting Investors After Budget

    Why Arbitrage Funds Are Attracting Investors After Budget

    Since Finance Minister Arun Jaitley unveiled the Budget in July 10, arbitrage mutual funds have suddenly become the flavor of the season. The reason: Mr Jaitley changed the tax provision for debt mutual funds.

  • Top 5 Richest Indians Have Half of Nation's Billionaire Wealth: Report

    Top 5 Richest Indians Have Half of Nation's Billionaire Wealth: Report

    The top five Indian billionaires, led by Reliance Industries chairman Mukesh Ambani, collectively control $85.5 billion (Rs 5,21,550 crore at 1 dollar = 61 rupees) in personal wealth, accounting for nearly half (47.5 per cent) of the country's total billionaire wealth, according to a report by Wealth-X.

  • House Rent Allowance: All You Need to Know

    House Rent Allowance: All You Need to Know

    Here are some important factors to bear in mind about HRA that will also help you figure out how to get the maximum tax benefits and therefore plan your investments accordingly.

  • PF Body Likely to Retain Crisil as Consultant for Third Time: Report

    PF Body Likely to Retain Crisil as Consultant for Third Time: Report

    The Employees' Provident Fund Organisation (EPFO) is likely to retain Crisil as consultant for the third time to engage new fund managers and evaluate their performance for three-year term beginning April 1, 2015.

  • REITs: What Investors Need to Know

    REITs: What Investors Need to Know

    Now, small investors can earn rental income from commercial properties like office space and malls. Bangalore, the IT capital of India, is expected to see the most action after the Securities and Exchange Board of India (Sebi) approved the setting up of real estate investment trusts (REITs), a move that may offer a new source of financing to India's cash-strapped property developers.

  • PF Body Likely to Decide Interest Rate for FY15 on August 26: Report

    PF Body Likely to Decide Interest Rate for FY15 on August 26: Report

    The Employees' Provident Fund Organisation (EPFO) is likely to announce rate of interest on PF deposits for the current fiscal year (2014-15) for its over 5 crore subscribers at a meeting of its trustees on August 26.

  • Confused How to Tackle Debt? Here's a Guide

    Confused How to Tackle Debt? Here's a Guide

    If you have often wished that there were some kind of guidelines to help you lead not just a debt free life, but can also help you get rich by investing in a timely manner, you are in luck!

  • PF Body to Inspect Salary Structure in Companies

    PF Body to Inspect Salary Structure in Companies

    Retirement fund body Employees' Provident Fund Organisation (EPFO) has asked its over 120 field formations to inspect firms which are deducting provident fund (PF) on 50 per cent or less of total wages.

  • What to do When You Get an Income Tax Notice?

    What to do When You Get an Income Tax Notice?

    Do not panic and never try to ignore the notice. Because this ignorance may lead to a fine, that can be extended up to Rs 10,000, apart from the penalty of tax and interest.

  • Spreading Your Credit Limit Across Cards? Bad Idea!

    Spreading Your Credit Limit Across Cards? Bad Idea!

    What banks really look at is the credit utilization ratio defined as your total credit card balances divided by your total credit card limits.

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