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% […]
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 […]
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 […]
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, […]