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1088 articles
Embark on a journey through India's financial skyline as the Sensex breaches the 69,000 mark. We take a look at the driving forces behind this surge—from election euphoria to GDP triumph—and unravel whether it's the opportune moment to invest, trade, or exercise caution. Read on to know more.
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- 26 Mar 2024
Investing your money can be like planting a garden. You want it to grow and prosper. But just like plants need the right care, your investments need careful handling too. Making mistakes in investing is like watering your plants with too much or too little water can harm them. We all dream of making smart investments, but it's easy to fall into the same old traps. From following rumours without checking facts to getting scared and selling when the market drops, these mistakes can cost us money. Ever heard the saying "Don't put all your eggs in one basket" It means don't invest all your money in just one thing because if that thing fails, you lose everything. And that's just one of the many important things we will explore in this article.
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- 01 Dec 2023
The EPF, known as the Employees' Provident Fund, is a retirement savings programme provided by the Employees' Provident Fund Organisation (EPFO). EPF has long been considered an effective way to save for retirement and plan for taxes. The contributions made by your employer into your EPF account were not subject to income tax, and the interest you earned on your EPF savings was also tax-free without any limitations.
Each month, a portion of your salary is deducted by your employer and deposited into your EPF account. This money accumulates over time, and you can access it once you retire. However, in the 2021 Budget, the Union Finance Minister introduced Sections 10(11) and 10(12) in the Income Tax Act of 1961, which would make the interest earned on your EPF savings taxable. In this article, let’s understand the tax on EPF in more detail.
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- 01 Dec 2023
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