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EPFO to provide 8.65% interest on EPF for FY17: Bandaru Dattatreya
Thu, Apr 13, 2017
Labour Minister Bandaru Dattatreya said on Thursday that EPFO has decided to provide 8.65% interest rate on provident fund (PF) deposits for the financial year 2016-17 (FY17).
Govt lowers interest rates on small saving schemes like PPF, Kisan Vikas Patra, others by 0.1%
Fri, Mar 31, 2017
The government has lowered interest rates on small saving schemes like Public Provident Fund (PPF), Kisan Vikas Patra and Sukanya Samriddhi Scheme by 0.1% for the April-June quarter of the fiscal year 2017-18 (FY18).
Income Tax Department to launch simplified e-filing of ITR form from April 1
Wed, Mar 29, 2017
Income Tax Department will introduce simplified e-filing of Income Tax return form on April 1 this year which will do away with some columns while filing the the IT returns.
Tata Steel UK's pensions trustee warns deficit to surge
Fri, Jan 27, 2017
Tata Steel's UK steel unit pension scheme deficit is set to ballon to 1-2 billion pounds ($1.25-$2.5 billion) and Britain`s largest steelmaker believes it could face insolvency unless a way can be found to tackle it.
15 lesser known Income Tax Deductions
Mon, Jan 09, 2017
Starting January, you will be running around to make investments in tax-saving instruments or collect proofs for such investments already made. Most of us are aware of the tax deductions available for premium paid for life insurance and pension plans, investments made in ELSS, PPF and EPF and principal repaid on a housing loan. However, there are many lesser known tax benefits you can use to reduce your tax liability. In this post, I shall focus on a few such lesser known income tax deductions or exemptions.
Retirement fund body EPFO likely to retain 8.8% interest on EPF for FY17
Sun, Dec 18, 2016
Retirement fund body EPFO is likely to retain 8.8% rate of interest on EPF deposits for the current fiscal for its over four crore subscribers -- same as 2015-16 -- at its trustees meeting on December 19, Monday.
Govt weighing hike in EPFO wage ceiling to Rs 25,000
Mon, Dec 05, 2016
Despite being pressed by trade unions on different fora, the government has not taken a decision in this regard, especially when it has already increased threshold for coverage under the Employees' State Insurance Scheme (ESI) to Rs 21,000 per month in October last year.
British steel workers face prospect of pension quick fix
Fri, Sep 09, 2016
A steel industry plan to change its pension scheme and allow the sale of Tata's British operations is likely to be scrapped in favour of a fix that avoids a political row, government and industry sources told Reuters.
Interest rates: Life comes a full circle for Jaitley
Sun, Jul 10, 2016
A strange thing happened this week. Arun Jaitley, India’s finance minister, spoke out against the high interest rates charged by banks. Jaitley noted high returns on savings deposits as one of the key reasons for borrowing rates being high, which in turn is hurting investment growth.
EPFO to invest more than Rs 6700 crore in equity markets this year
Mon, Jun 06, 2016
Last year, EPFO invested Rs 6,700 crore in the stock markets and earned a return of 1.68%.
Never go to your bank to open a PPF account! We tell you why
Thu, Jun 02, 2016
If you have visited a bank branch recently, you will realize how difficult it is to open a fixed deposit at a bank branch. The bank staff just wouldn’t let you open a fixed deposit.