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Income tax deduction on EPF contribution: Old tax rate vs new tax rate

Income tax deduction on EPF contribution: Old tax rate vs new tax rate

In the new income tax regime as announced in Budget 2020, there are seven tax slabs Contribution by the employer towards the EPF account of an employee of up to 12% remains tax-free

  •   Source: Livemint
  •   Published on: 21/02/2020

Hurry! This LIC pension scheme that can provide Rs 10,000 a month will end March 31

Hurry! This LIC pension scheme that can provide Rs 10,000 a month will end March 31

Pradhan Mantri Vaya Vandana Yojana pension scheme, meant for senior citizens, is available only till March 31.


India becomes 5th largest economy, overtakes UK, France

India becomes 5th largest economy, overtakes UK, France

NEW DELHI: India emerged as the world's fifth largest economy by overtaking the UK and France in 2019, says a report.


Financial Planning for Senior Citizens: How to make your retirement funds last longer

Financial Planning for Senior Citizens: How to make your retirement funds last longer

In a falling interest rate scenario, your investments may not fetch the same rate of return thus impacting your regular income needs.


New tax regime allows deduction of interest on home loan on rental property

New tax regime allows deduction of interest on home loan on rental property

For taxpayers who have an on-going home loan, the interest paid on such loans helpsthem to lower their tax liability in the existing income tax structure. However, under the new income tax regime proposed in Budget 2020, the interest paid on housing loan is not available for deduction for self-occupied houses. But for taxpayers who have rented out their house property, there is good news.


LIC gains market share with individual new business premium growing 44% in January

LIC gains market share with individual new business premium growing 44% in January

Growth has been driven by LIC's products that were closed and re-launched in February


Why LIC disinvestment is a big, bold decision of Modi govt

Why LIC disinvestment is a big, bold decision of Modi govt

While the government divests its stake in LIC, it should also shoulder the responsibility of creating other huge profit-making companies with large market capitalisation, whose reserves can support the Indian economy for key investments and in times of distress as well


LIC: Market share, products, insurance policies, recruitment, and more - All you need to know

LIC: Market share, products, insurance policies, recruitment, and more - All you need to know

"The Life Insurance Corporation of India (LIC) Corporation regularly endeavours to provide a bouquet of life insurance products to cater to the needs of various strata of society."

  •   Source: Zeebiz
  •   Published on: 11/02/2020

हाई सैलरी वाले लोगों का प्रविडेंट फंड भी आएगा टैक्स के दायरे में

हाई सैलरी वाले लोगों का प्रविडेंट फंड भी आएगा टैक्स के दायरे में

क्रेंद सरकार ने बजट में एक बड़ी घोषणा की है। इसका असर हाई सैलरी वाले कर्मचारियों पर पड़ने वाला है। वित्त मंत्री निर्मला सीतारमण के प्रस्ताव के मुताबिक, तीन निवेश स्कीमें EPF, नैशनल पेंशन स्कीम (NPS) तथा रिटायरमेंट फंड अब टैक्स के दायरे में आ सकते हैं, क्योंकि इसमें निवेश की 7.5 लाख रुपये की अधिकतम सीमा तय कर दी गई है।