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EPF AS TAX SAVING
New income tax regime: Don’t miss out on these 3 key deductions that will reduce your taxable income & help save more taxMany taxpayers mistakenly believe the New Tax Regime offers no deductions. However, salaried employees and pensioners can claim a Rs 75,000...
NPS growth, performance, market-linked annuities; Sriram Iyer, CEO of HDFC Pension, talks about India’s changing retirement landscapeIndia's retirement planning is evolving with rising private sector NPS participation and evolving annuity products. While government contri...
Salary hike this appraisal season? New labour codes and tax rules may change your real take-home payAppraisal season this year saw companies begin aligning salary structures with new labour codes and updated income tax rules. While some fi...
Retiring with a large EPF corpus? Here’s how to allocate money across fixed income and mutual fundsRetirees with large EPF corpus need to balance safety with growth. Financial planners advise focusing on stable, tax-efficient income gener...
India Inc salary restructuring: How new labour codes and income tax rules will impact take-home pay and retirement savingsSalaried employees face uncertainty as new labor codes and tax rules loom. Companies are preparing for changes, but widespread implementati...
The unintentional tax-saving investment that most salaried employees doEPF as tax-saving investments: If you're a salaried employee and is/planning to opt for old tax regime for current FY 2023-24, then Employe...
Tax saving: How section 80C of the Income-tax Act worksAn individual is eligible to claim deduction under Section 80C of the Income-tax Act, 1961, provided he/she is planning to opt for old tax ...
Do you really need to make a new tax saving investment? Check before you investBefore you start looking for tax-saving investment options, do a small exercise to determine how much you have already committed towards it...
After leaving job, how long will my EPF account earn interest? Will interest stay tax-free?Despite the tax on the interest, EPF continues to have the highest returns among small saving schemes. So it makes sense to make small peri...
Tax saving deadline extended for FY2019-20: Here's how it impacts youThe government has extended the last date for tax saving for FY2019-20 from March 31, 2020 to June 30, 2020.
You could soon get the option to lower your EPF contribution. Should you go for it?Financial planners say reducing contribution to the EPF will have far reaching implications for the employee.
EPF, PPF interest rate gap widens to 105 basis points: Self-employed class disadvantagedEven if the EPF rate is cut, the difference would remain substantial thereby disadvantaging the self-employed class in terms of retirement ...
No tax relief on EPF interest if not employed: ITATI-T laws provide that interest credited to EPF account after an individual ceases to be in employment is taxable in his hands in the year o...
Tax parity for NPS and EPF members is a welcome stepIdeally, savings should be taxed at the time of withdrawal only when the money is not ploughed back into another saving product.
People's concerns on EPF tax proposal legitimate: Jayant SinhaJayant Sinha said that the government rolled back the proposal to tax EPF withdrawals as it realised that concerns raised by lots of people...
Budget 2016 impact: Younger subscribers worst hit by EPF taxOlder subscribers to employees’ provident fund who have periodically dipped into their corpus will also see a big chunk of their savings go...
Budget 2016: Why government is wrong in taxing EPFThe best way to tax savings is indeed to exempt them at the time of contribution, exempt them at the time of accumulation and tax them at t...