With respect to extension of lockdown in the country, EPFO has decided to postpone the payment of March contributions till May 15. This decision is taken to provide relief to the subscribers of social security schemes run by the Employee Provident Fund Organisation (EPFO). The March contributions due on April 15 have now been extended…
Note: NPS related information on this page may not be updated. For latest information, click here. As the financial year comes to an end, all salaried employees get themselves working on their investments that help in tax deduction. It is better to plan your finances well in advance than wait for the year to end….
The Post Office has launched an online investment facility for several of the schemes and accounts that you can open with it. The facility has been made available for Post Office Savings Account, Post Office Term Deposit, Recurring Deposit, Public Provident Fund (PPF) and National Savings Certificate (NSC). Eligibility for starting online Post Office Investments…
Widely used as one of its kind investment instruments for tax saving and long-term growth in terms of returns generated, Public Provident Fund has become a popular choice amongst the salaried individuals. PPF scheme is a long-term investment option offering returns on the invested amount. All you should know about PPF Account A PPF account…
Employee Pension Scheme (EPS) is a social security measure which has provisions of a government guaranteed pension for the employees working in the organized sector. EPS is provided by Employee Provident Fund Organization (EPFO) after the retirement of the employee at the age of 58 years. The scheme first came in existence in 1995 and…
The Union Ministry of Consumer Affairs, Food and Public Distribution has extended the linking of Aadhaar-Ration card till 30th September 2020 for all the states and Union territories due to ongoing lockdown amid global pandemic. It also clarified that if an applicant fails to provide Aadhaar number within the set time framework, his/her ration card will not be cancelled. The Ministry…
Witnessing the universal spread of N Covid-19 or Coronavirus, as people call it, the Indian government has started to ramp up efforts to contain the spread of this disease. On 26 March 2020, Nirmala Sitharaman, the Union Finance Minister of India announced a Gareeb Kalyan Yojana with a budget of Rs. 1.7 Lakh Crore in…
In her maiden budget speech, the finance minister, Nirmala Sitharaman, while presenting Union Budget 2019, has announced for a number of changes to the National Pension System (NPS) scheme. National Pension System is a government-backed pension scheme which voluntarily pools resources and invests in various securities including equity, corporate bonds and government bonds. Here is…
Do you feel that you are paying a huge chunk from your income on taxes? There are high chances that you do not have an efficient tax plan! A defined tax saving plan can help you benefit from tax exemption and earn tax-free income. The tax-saving season, starting from 1st April, is approaching for both salaried…
