But be ready for lock-in till the age of 60, volatility, mandatory annuitisation
Only PPF and Sukanya Samriddhi offer higher returns among govt-backed schemes
In a Q&A, P C Mody says while income tax slabs have been left untouched, more money is being put in the hands of taxpayers with faster refunds. Tax administration reforms will boost tax compliance
One per cent of EPF contributors to be affected
Employers who delay the deposit of workers' share of social security contributions like employees' provident fund will not be able to claim the amount as deduction from their income
Sop available in the case of both, new hires and those who lost their jobs to Covid; Atmanirbhar Bharat Rozgar Yojana will benefit workers with wages up to Rs 15,000
Over 1 million workers set to join new regime in first year
The Union Labour and Employment Ministry said in a statement that the EPFO received 1.1 million claims between April and July 2020 through the UMANG mobile application
Since April 1, EPFO has been settling claims for withdrawal of special Covid-19-related advances within three days. It has settled over 80,000 claims amounting to Rs 270 cr on daily basis since April
The facility will bring a paradigm shift by allowing EPFO offices to settle online claims from any of its regional office across the country, the labour ministry said in a statement.
PMVVY, SCSS, PPF and Bharat Bond are instruments senior citizens can turn to
Invest in a mix of small savings products, debt funds with quality portfolios to counter declining rates
The data also showed that during September 2017-March 2020 period, the number of net new subscribers was around 1.55 crore
Liquidity is an issue, but it scores on other parameters
EPFO CEO tells companies they are legally obliged to make provident fund contribution on basic pay of up to Rs 15,000
The usual advice is that one should not withdraw from their EPF account because it hurts the retirement corpus
The top firms which saw the highest amount of applications for EPF advance withdrawal were TCS (9,373 employees), HCL Technologies (6,938) and NLC (3,255)
Kartik Jhaveri answers all your financial planning queries
Infra giant has Rs 100 crore of exposure to bank's AT-1 bonds
The EPFO had given an interest rate of 8.65% in the previous financial year to roughly 170 million subscribers