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
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
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?
The recent decision of freezing six of their debt fund schemes by Franklin Templeton Debt mutual fund has sent a shock wave among the investors’ community who thought debt investments are safe and do not require any risk management. But if you see closely and analyse their investment pattern, it was an event waiting to … Continue reading Investments In Debt Mutual Funds
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?