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In the US and Europe crowdfunding is an established part of the financial ecosystem. In India, the modern day investor is coming to terms with.
\"We have limited room to provide relief to tax payers. But with RBI rate cut, I see EMIs coming down significantly,\" said Jayant Sinha.
It appears that on a short term basis, the average savings are likely to get squeezed if the consumer maintains the same level of expenditure.
It appears that on a short term basis, the average savings are likely to get squeezed if the consumer maintains the same level of expenditure.
The administrative charges has been reduced to 0.85 per cent of basic wage from 1.10 per cent, as per a Labour Ministry Notification.
Employees\' Provident Fund Organisation manages a huge corpus of Rs 6 lakh crore with average annual incremental deposits of Rs 70,000 crore.
While the intent is right, the family usually doesn’t know where it is headed and whether the steps taken are adequate to help fulfil their financial goals.
Some taxpayers\' expectations were met, others were left disappointed. We look at changes proposed and the manner in which these will affect your finances.
The additional tax incentives for investments in pension funds and the NPS are intended to push up retiral savings in the long term.
30-35% of the money should be allocated to income assets, and the rest need to grow in equity. That is why a balance fund suited his needs.
Your children’s education loan can derail your retirement planning. Make sure you are not burdened with EMIs you can’t afford.
A used car was sold for every new car sold in India in 2014, says a study by consultancy and market research firm Frost & Sullivan.
Even so, this year\'s budget also has some senior friendly measures. While there has been no change in the exemption limits, certain deductions have been enhanced.
There is no announcement of any EEE for the pension fund sector and hence it will continue to carry the status of EET. We had been demanding the EEE status to give a boost to the sector.
The idea behind the scheme is similar to one that was launched by Turkey through which it channelized about 250 tonnes of gold, worth about Rs 67,000 crore, in three years.
NPS is a flexible retirement savings scheme which offers both a lump-sum amount and monthly pension ie a fi xed income to an employee after retirement.
Workers earning below a threshold will also have the option of not contributing to the EPF scheme, though employers will continue to contribute their 12% share for such workers.
Wealth tax has been abolished and income tax forms will be amended to capture the details of assets that are currently subject to wealth tax.
As NPS takes centerstage, enhancement of tax saving limits for the NPS means a new deal for retirement savings for employees of private firms.
Additional tax incentives under Section 80CCD for investing in NPS is an effort not just to boost retirement savings, but also popularise the government scheme.
The employer will continue to contribute his share of the PF irrespective of the worker opting not to pay his contribution.
Giving a glimpse on Anti Black Money Bill that he wishes to table in the current session, he looks to have taken an aggressive stance.
The proposal to provide these options to organised sector workers was announced today by the FM Arun Jaitley in his Budget speech for 2015-16.
Both the schemes will provide covers of Rs 2 lakh each. While PMSBY will cover accidental death risk, the latter will cover both natural and accidental risks.
In addition to providing additional Rs 50,000 deduction under section 80CCD, the FM has also allowed employees to choose between EPF or NPS.