Should We Invest only in the DSOPF/PPF?

During my interaction with serving Officers, I find many of them still put all their savings in the DSOP fund with 7.1% annualised returns. With inflation hovering around 7.5% (lifestyle inflation is much higher), we are getting a negative appreciation on our investments.  Moreover, any investment of more than Rs 5 lakh in DSOP from … Continue reading Should We Invest only in the DSOPF/PPF?

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