Employees’ Provident Fund (EPF): Interest Rate, Recommendation on Loyalty Bonus and Insurance Benefit Under ELDI

EPF Loyalty Bonus
The EPFO has clarified that Subscribers to EPF Fund will receive an interest of 8.65% on the contribution for the Financial Year 2016-17. The clarification comes after reports suggested that Finance Ministry was looking to reduce the rate to 8.20% for the financial year as the rates for small savings scheme were slashed by 0.10% earlier in the month. Employees Provident Fund: All You Need To Know The Central Board of Trustees (CBT), apex decision making body of EPFO has…

Tax Saving Investment Options For The Financial Year 2017-18

Tax Saver Plans
The New Financial Year is here and I’m pretty sure that most of you have started with your investment/tax planning for the year. The Investment Schemes discussed here can provide you with maximum tax saving Under Section 80 (C) of Rs 1,50,000/-. Please refer to the links shared below to read in details about the schemes and benefits offered. I will be discussing the some of the notable investment options available under various Sections in my upcoming post for the…

National Savings Certificate (NSC), Equity Linked Savings Scheme (ELSS), Public Provident Fund (PPF): Choose The Best

ELSS, NSC, PPF Comparsion
FEATURES NSC ELSS PPF Tax Benefit U/S 80C Up to Rs 1.5 lacs       Up to Rs 1.5 lacs Up to Rs 1.5 lacs Minimum Contribution Rs 100 Rs 500 Rs 500 Return on Investment 7.6% Variable 7.6% p.a Tenure 5 3 years 15 years Tax on Return Taxable Tax Free Tax Free Maximum Contribution Limit No Limit No Limit Rs 1.5 lacs Tax on Interest/Return Taxable Exempted Exempted Risk Nil Moderate Nil In the above chart you will see the…

National Pension Scheme (NPS) : All Citizen Model (Series-1)

National Pension Scheme
National Pension Scheme (NPS) was introduced by the Government of India in 2004. The scheme is aimed at the providing financial security to individuals post retirement. The Scheme has been opened for all the citizens since 2009. The scheme is designed to maintain a balance between return and risk, so that Individuals are protected from adverse market scenarios and also are able maximize their investment. I have posted about the National Pension Scheme (NPS) in a nutshell previously. You may…

Maternity Benefit Act (Amendments) 2017

Maternity Benefit Act
The Maternity Benefit Act is aimed at regulating employment of women employees in certain establishments for periods before and after child birth to provide maternity as well as certain other benefits. Additional benefits may also be extended as per the provision of the State Act or as per the company policies. The Act is in place to protect the rights of the female employees and ensure that employers do not violate the benefits applicable to them. Establishment needs to ensure…

Tax Saver Term Deposits: All You Need To Know

Tax Saver Fixed Deposits
Tax Saver Fixed Deposits is the Term Deposit Scheme which is eligible for Tax Deductions Under Section 80C up to maximum limit of Rs 1,50,000/- . The minimum lock in period for the investment is 5 years. The e-Term Deposits makes it possible for the investors to make online investment, thus any individual using internet banking can make the investment from the comforts of his/her home. Features of the Tax Saver Fixed Deposits Maturity period for the Investment is 5 years. Maximum…

Redmi 4A: Budget Smartphone

Redmi Note 4A
Xiaomi recently launched their Budget end smartphone in India, the Redmi 4A. The phone has been priced at Rs 5,999/- and is available exclusively on Amazon and Mi India portal. Xiaomi had launched their their budget end Redmi 3S last year and it did exceedingly well. The new Redmi 4A is cheaper than the Redmi 3S with some changes to the hardware specifications. Redmi 4A as of now is available through flashsale held weekly on the Amazon and Mi Portal.…

Moto G5 Plus: All You Need To Know

Moto G5 Plus, Lenovo Moto G5 Plus
Lenovo owned Motorola recently launched the successor to their G Series smartphones, the Moto G5 Plus. The phone is exclusively available on Flipkart and has been priced very competitively at Rs 14,999/- for the base variant and Rs 16,999/- for the premium variant.  Motorola did not do quite well with their Moto M launched few months back but with Moto G5 Plus they are aiming to capture the midrange segment. Within few days of its launch Moto G5 Plus has…

Mobile World Congress (MWC) 2017: Nokia and Moto G Series Smartphone Launch and More

Nokia Aand Moto G5 Smartphones
Mobile World Congress (MWC) 2017 just got concluded in Barcelona, Spain. It is the annual showpiece event where the major players from tech and digital industry gather to showcase their products to the world. Smartphone makers grab major attention during the event as most of the top brands chose this Global summit to announce their new products in the market. This time too the MWC witnessed quite a number of new launches announced by the respective brands which are slated…

Employees’ Provident Fund Scheme: Composite Claim Forms For Fund Withdrawal (CCF)

Composite Claim Form (CCF)
The Employees’ Provident Fund Organization (EPFO) has been introducing changes to simplify the withdrawal process for the Subscribers to the Employees’ Provident Fund (EPF). Recently, the EPFO has introduced a single page Composite Claim Form (CCF) which would ensure hassle free claim processing for the subscribers whose Aadhar Number and Bank details have been seeded with the Universal Account Number (UAN). The EPFO has taken measures to smoothen the claim process, the changes pertaining to the same has been discussed…