Tax Savings – What are the different types of Provident Funds (PF) available in India?
What are the 3 types of Provident Funds?
Employee Provident Fund (EPF)
Voluntary Provident Fund (VPF)
Public Provident Fund (PPF)
Income Tax Changes FY 2020-2021
Let’s talk about Personal Income Tax Changes for the Financial Year 2020-2021: In Today’s budget, government has announced income tax payers will be provided with 2 options from FY 2020-2021 regarding how their income tax is calculated. Under current regime, you are allowed the following commonly used deductions: 80C – 1,50,000 80CCD – 5,00,000 Medical…
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What is the Difference between Provident Fund & Pension Fund?
EPF (Employee Provident Fund) Contribution When you start working, you and your employer both contribute 12% of your basic salary into your EPF account Provident Fund & Pension Fund Contribution The entire 12% of your contribution goes into your EPF account. Along with this 3.67% (out of 12%) from your employer goes into your EPF…
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Market Secrets – Tax Saving Series – EPF vs VPF vs PPF
What is EPF (Employee Provident Fund)? It is a pension fund which provides financial security and stability for employees in the future. Employees need to contribute a portion (12%) of their salaries every month. The savings are used at the time of retirement. The amount earns interest and is also eligible for a tax deduction.…
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Market Secrets – Tax Saving Series – NPS
What is NPS (National Pension System)? NPS is an easily accessible, low cost, tax efficient, flexible and portable retirement savings account. Who can Join NPS? Individuals who are aged between 18 – 60 years (You cannot contribute once you turn 60) Investment in NPS is independent of your contribution to any Provident Fund. How and…
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Market Secrets Investment Series-Investing in Real Estate
Importance of Investing in RE Portfolio diversification Limited availability, as you cannot create/mine it Shelter – A Basic Necessity Different ways of investing in RE Rural/Agri Lands & Plots Flats & Individual Houses Stocks of Real Estate companies Commercial Real Estate InvIT REITs Investing in Land/Plots/House Pros: Emotional thing, Desirable – keeps the spirit up…
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Market Secrets Investment Series-Investing in Gold
Importance of Investing in Gold Portfolio diversification Longest living currency ever All central banks still holds gold Limited availability Different ways of investing in Gold Physical Gold Gold Futures in Commodities market Gold ETF Gold Mutual Funds Sovereign Gold Bonds Investing in Physical Gold Pros: No Lock-in Period No Paper work Cons: Additional making charges…
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