New Delhi | August 22, 2014 09:55 (IST)
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.
August 21, 2014 16:41 (IST)
Under the Income Tax Act, such donations at present get 50 per cent tax exemption under section 80G.
August 20, 2014 19:57 (IST)
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.
New Delhi | August 20, 2014 19:54 (IST)
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.
August 20, 2014 10:27 (IST)
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.
August 19, 2014 17:12 (IST)
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.
August 18, 2014 17:47 (IST)
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.
August 16, 2014 16:02 (IST)
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.
August 15, 2014 20:24 (IST)
Have you ever given a serious thought to financial independence and what you are doing to achieve it?
August 15, 2014 14:31 (IST)
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.
August 15, 2014 11:36 (IST)
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.
August 13, 2014 17:14 (IST)
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.
August 13, 2014 15:15 (IST)
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.
August 11, 2014 21:59 (IST)
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.
August 11, 2014 13:18 (IST)
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.
August 10, 2014 18:31 (IST)
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.
August 10, 2014 15:36 (IST)
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!
August 10, 2014 11:41 (IST)
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.
August 09, 2014 15:43 (IST)
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.
August 04, 2014 08:52 (IST)
What banks really look at is the credit utilization ratio defined as your total credit card balances divided by your total credit card limits.