While presenting Budget 2016, the Finance Minister proposed a tax exemption on withdrawals from the NPS. Has this made the NPS more attractive as a tax saving instrument? Let us take a look. What is the National Pension System? – National Pension System (NPS) is a voluntary & contributory retirement savings scheme Who is this scheme for?…
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Now that the tax on your EPF corpus as well as employer’s contribution has been rolled back, here’s a quick guide to understanding your EPF and what happens from FY 2016-17 onwards. What is EPF? Employee Provident Fund is – a contributory social security scheme – applicable to companies with 20 or more…
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So the much awaited and discussed Union Budget 2016 was presented yesterday. How does it impact you? What has become expensive, what has become cheaper? Read on for key highlights: 1. Income Tax a) No change in income tax slabs and rates. They remain the same as for 2015-16 b) Surcharge on income above Rs 1…
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In India, most banks now offer credit cards to their customers and choosing the right credit card can be tricky. While the card network is typically MasterCard or VISA, which are widely accepted across the country, there’s also American Express – which offers credit cards and charge cards although acceptability is lower. Yet another is…
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“Insurance is the subject matter of solicitation” is usually your first introduction to insurance. The speed with which it is said in a visual ad or how fine the print is in a newspaper/magazine ad stumps you further. Very understandably, you want to run away, fast. However, it is not necessarily as scary as it…
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