You must learn to live with it. And I concede FD rates have gone down sharply. I copy the current FD rates from the SBI website. A common refrain is, “Fixed Deposits are giving nothing. I want to invest in debt mutual funds to get a better return”. Why? Because when we compare past 1-year returns of a debt mutual fund with the current 1-year Fixed deposit rates, … [Read more...] about Bank FD rates have gone down sharply. What should you do?
EPF
EPF vs NPS: Should you switch from EPF to NPS?
In Union Budget 2016, the Finance Minister proposed a one-time tax exemption to EPF subscribers to switch to NPS. There will be no tax levied for making such a switch from EPF to NPS. Do note the transfer from EPF to NPS is only approved on paper. Many modalities are still being worked out. You can expect opposition from various quarters. However, since the switch is … [Read more...] about EPF vs NPS: Should you switch from EPF to NPS?
EPF Calculator: Impact of Budget Announcement
The Finance Minister dropped a bomb on many in the salaried class by announcing tax on withdrawal of EPF (Employee Provident Fund) corpus at the time of retirement. There has been a lot of protest against this move by the Government. The Finance Ministry had to issue a clarification to assuage concerns of many investors. The Finance Minister has confirmed that the proposal of … [Read more...] about EPF Calculator: Impact of Budget Announcement
Budget 2016: Key Highlights
The Finance Minister made some key announcement in the Union Budget, 2016. Here are some of the takeaways for investors from the budget announcements. Please note following are only budget proposals (as mentioned in the Finance Bill). The Bill needs to be passed by the Parliament before it becomes an Act. Based on feedback from various quarters, it is quite possible that some … [Read more...] about Budget 2016: Key Highlights
Tax on EPF Withdrawal
Gone are the days when you would join a company at the age of 25 and retire from the same company after working for 35 years. There are so many opportunities. With 25-30% hike in salaries common while switching jobs, a number of us sometimes tend to forget about a corpus that you have been accumulating (in many cases, unknowingly) for your retirement. That corpus is Employee … [Read more...] about Tax on EPF Withdrawal
