Updated: Mar 23, 2019 There are various accounts offered by Banks bearing different interest rates such as savings account, fixed deposits and public provident fund account. But the calculation of interest is not same for all accounts. For instance interest on Fixed Deposits … [Read more...] about How Banks Calculate Interest (quick tips)
Provident Fund
Top Employee Provident Fund Questions Answered
Last Updated - 29 March 2019 Are you a salaried person!! if yes, then you must be holding an Employee Provident Fund (EPF) Account with the EPFO. It is mandatory to own an EPF account if you are in a job and draws a salary of up to Rs.15,000 per month. EPF is optional for … [Read more...] about Top Employee Provident Fund Questions Answered
Provident Fund Contribution to be on Contributory Wages
The Labour Ministry has proposed few changes/amendments in the Employees? Provident Fund and Miscellaneous Provisions Act, 1952 which would result in increasing your retirement corpus but at the cost of foregoing current take home salary. The ministry sought to calculate the … [Read more...] about Provident Fund Contribution to be on Contributory Wages
How much Tax on Provident Fund Withdrawal Before 5 years
Changes in Provident Fund Premature Withdrawal Tax in Budget 2015 Provident Fund premature withdrawal rules have been made little bit stringent in the Budget 2015. With an aim to secure post retirement life of employee, Union Finance Minister Arun Jaitely has proposed to levy … [Read more...] about How much Tax on Provident Fund Withdrawal Before 5 years
Public Provident Fund (PPF) All in One
Comprehensive Guide on Public Provident Fund (PPF) Public Provident Fund (PPF) is the most preferred tax-savings avenue considered for tax-planning under section 80C in India. It is a long-term debt scheme which is mostly seen as an imperative part of retirement corpus while … [Read more...] about Public Provident Fund (PPF) All in One
Provident Fund Interest Rate at 8.75% for Fiscal Year 2014-15
Government has ratified the decision of Central Board of Trustees (CBT) to retain the Interest Rate of Provident Fund to 8.75% for the current fiscal year i.e. for 2014-15. The CBT had decided the interest rate in the meeting held on 26th August but the?procedure of the … [Read more...] about Provident Fund Interest Rate at 8.75% for Fiscal Year 2014-15
Everything on Universal Account Number (UAN) for Provident Fund
Last Updated: 22nd March, 2019 Universal Account Number (UAN) for Provident Fund Retirement Fund body Employees Provident Fund Organization (EPFO) has been very quick in assigning Universal Account Number (UAN) to the members who are currently contributing to the Provident … [Read more...] about Everything on Universal Account Number (UAN) for Provident Fund