Hike SIP amounts by 5% every year to meet future goals, retire earlyThe Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if...
Despite rate cut EPF, VPF 8.1% return still best in tax free: Here's how much you can investEmployees typically go for statutory contribution of 12% of basic pay towards EPF, which is matched by employer contribution. However, empl...
EPF interest rate slashed to 8.1% for 2021-22; can you still save enough for your retirement?The Labour Ministry has recently proposed to slash the interest rate by 0.4% to 8.1% from 8.5% earlier for the FY 2021-22. The decrease in ...
Comparison of interest rates on tax saving debt investmentsDo keep in mind that these tax-saving investment options will be relevant to you only if you continue with the old tax regime in the curren...
Retirement planning: How EPF, NPS can help you get government-like pensionOne of the common miscalculations which most people do while saving for retirement is the ability of the corpus to compensate for the infla...
Tax on PF interest: Which debt mutual funds can be an alternative to VPF contribution?The SLR of investment stands for safety, liquidity and returns. EPF / VPF is safe. Debt MFs can also offer reasonable safety provided you s...
Tax on PF interest: Should you stop investing in VPF? How bank FDs, RBI bonds, NPS compareMany contributors to VPF are now exploring other options that can give them higher returns. Almost 74% of respondents to our survey say the...
Tax on PF interest will change the way we invest in it: How the Budget hits your PFThis is not the first time the government has proposed to tax Provident Fund money. A significant number of salaried employees use the Volu...
VPF sweetest fixed income investment option despite B stingIf you want to invest more, the VPF is your best bet. In the 30% tax bracket, it would still give 5.85% returns, which is higher than what ...
From August 1, EPF contributions will be deducted at 12 per centThe Employees' Provident Fund (EPF) monthly contributions were reduced from 12 per cent to 10 per cent as a part of the Atma Nirbhar Bharat...
Voluntary provident fund: Investing, contribution, interest rate and other things to knowIf you are planning to invest in the Voluntary Provident Fund (VPF), here are the answers of the some the commonly asked questions about it.
Tax-exempt employer contribution to PF, NPS capped: Why high earners should opt for VPF, NPSTill now, individuals with high basic salary could have the employer contribute up to 22% of the basic towards PF and NPS (12% and 10% ) an...
Here's a quick comparison of interest rates on tax-saving debt investmentsBut before you get down to choosing a tax saving investment you should probably first calculate how much you need to invest to save tax.
8 money moves to make at the start of new financial yearThe start of the new financial year is a good time to take stock of your finances.
Despite cut, small savings schemes better than bank FDsThe 10-year bond yield to which the PPF rate is linked has dropped by about 75 basis points since the last rate cut in March.
Should an employee opt for a VPF as returns on other fixed-income instruments fall?These days, when interest rates in general are on their way down while the rate on EPF is still towering high, employees may consider incre...
Section 80C basket may get skewed in favour of EPF, say expertsSome experts say investors can look at calibrating their Section 80C savings towards the Voluntary Provident Fund rather than PPF that curr...