Contribution towards Employees’/Voluntary Provident Fund/DSOPF

Union Budget announced on 1st February 2021  has proposed to levy income tax on interest earned by an individual on his/her contribution in excess of Rs 2.5 lakh in a financial year to all recognised provident funds(includes Employees’ Provident Fund/Voluntary Provident Fund/DSOPF).  It means any contribution of more than Rs 20,800/- per month to EPF/VPF/DSOPF … Continue reading Contribution towards Employees’/Voluntary Provident Fund/DSOPF

Investment Options For Retirement Corpus

There have been a large number of queries from the retiring officers as regards options available towards investment of retirement corpus. Although the investments are planned based on the risk profile, financial goals and the time available to achieve these goals, there is a common belief to park this money in ‘safe’ assets, primarily consisting … Continue reading Investment Options For Retirement Corpus

Why Do We Save and How Should We Invest?

In the last three months or so, ever since the lockdown has been enforced all across the world, the household savings rate has gone up substantially despite an increase in unemployment/loss of income. No outdoor eating /parties/movies, no shopping other than necessities, no travel are the main contributors. Why do we have to save money?  … Continue reading Why Do We Save and How Should We Invest?

Are We Loosing Money By Investing In Bank FD?

Rates of interest on various small saving schemes have been slashed substantially by the Government of India wef  01 April 2020.  The annual rate of interest on Bank Savings Account would be around 2.75% and Bank FDs will fetch you 5.5% to 5.8% for one to three years of term deposit. Further, interest accrued on these investments … Continue reading Are We Loosing Money By Investing In Bank FD?