Govt restricts EPF withdrawal amount to employees share only till retirement

Indian Govt has brought a new amendment in the EPF rules, according to which the members will not be able to fully withdraw from their EPF before they reach the retirement age. The maximum one will be able to take out is their own contribution and its interest (which was raised to 8.8% recently), and […]

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Yes – You can now invest extra Rs 50,000 in your PPF account and it will be accepted

Congratulations, Now you can now go and deposit the extra Rs 50,000 in your PPF account as the limit for your PPF investments was raised from Rs 1 lac per year to Rs 1.5 lacs in this budget. A lot of investors had invested Rs 1 lac in their PPF account this year start and […]

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Online EPF Transfer and Withdrawal from July 1, 2013 – Great News !

Starting July 1, 2013 , EPF account holders will be able to withdraw or transfer their EPF accounts from one employer to another employer online. EPFO has said that they are working on setting up a central clearance house which will be operational from July 1, 2013 . One of the major problems faced by employees […]

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6 changes in mutual funds done by SEBI recently – Good or bad ?

Recently, SEBI has made some of the biggest changes in mutual fund regulations to revive the mutual fund industry.  Some of the measures which are made are said to be helping AMCs and distributors more than investors. We will look at 6 major changes done in the meeting and the full detailed circular will come […]

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Prepayment Charges abolished by RBI

This is a little old news. RBI has finally abolished Prepayment charges or penalty on home loans with floating interest rates. Borrowers can now transfer to new lender which provides them less interest rates without paying any kind of charges or penalty. Damodaran Committee on customer service in banks, RBI) has been observed that banks have […]

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PPF interest rate now at 8.6%

PPF interest rates was increased to 8.6% by govt recently.  This is good news for all the investors who are primarily debt instruments investors. The Public Providend Fund interest rate was 8% from very long time and the investment limit for PPF is increased to 1 lac from old 70,000 . This will be applicable […]

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EPF interest rate increases to 9.5% for 2010-2011

On 15 September 2010, the Employees’ Provident Fund Organisation (EPFO) raised the interest rate for EPF accounts by 1% for 2010-11. The organisation increased the interest rate to 9.5% for 2010-11 from 8.5% in the previous year. This 9.5% is the highest in the last five years. However, one needs to understand that the 1% […]

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New Direct Tax Code disappoints Investors

Update Aug 30 ,2010 , 5:00 PM   : This post should be now considered as post with old information as after DTC was tabled in Parliament , there were many changes in DTC. Also DTC Bill has been delayed by 1 yrs and will come into effect from Apr 2012 , Link Cabinet has […]

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Changes in New Direct Tax Code (DTC)

The Government has come out with new revised Direct Tax Code (pdf) and there are many changes which might look good to investors finally. Most of the people were not happy with the old tax code as it made some products taxable like PPF , Endowment Plans etc, which investors were totally worried about. Now […]

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All about TAX in 2008

There is just one word which can describe the year 2008-2009 tax structure … GREAT. This article will tell you everything about tax in 2008. Following things will be discussed : 1. Tax Slab in 2008 for salaried employees 2. How much will you save? The exemption limit for the year 2008 is 1.5 lacs, […]

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