Yes, you read that right. You will now have 2 EPF accounts. In a way atleast. It was earlier announced in Budget 2021, that in a given financial year, the government came up with the new EPF 2.5 lakh rule…
Read More How will EPF above Rs 2.5 lakh be taxed? With 2 EPF accounts!
When we Indians start earning for the first time, the first brush with savings happens via EPF deductions. Your salary is automatically deducted and some amount goes towards your EPF corpus. Then comes the first tax-saving season. When we wake…
Read More 7 Best Investment Options for Salaried Indians (2021)
Will the government cut your PPF rates and the rates for other small savings schemes like Sukanya Yojana, SCSS, NSC interest rates in the coming quarter? It is possible. In fact, in the last quarterly update, it did cut the…
There is a change in the TDS rules for PPF withdrawals. Going forward, if you haven’t filed your income tax returns (ITR) during the last 3 financial years, then your PPF withdrawals will witness TDS (or tax deduction at source).…
Read More TDS on PPF Withdrawal: Pay 2-5% if not filed ITR in last 3 years
No. This is no April Fool’s thing even though it might seem like one. In less than 24 hours after announcing big rate cuts, the government took a u-turn, backtracked on its decision and reversed the rate cuts by withdrawing…
Read More PPF, Sukanya Rate Cuts Withdrawn. But take the hint & Be Ready
In India, many PPF account holders have a habit of depositing full Rs 1.5 lakh in PPF between 1st and 5th April to maximize the interest benefit for their PPF accounts. However, many investors do not know how PPF interest…
Two readers mailed me similar queries: Can I open Sukanya Samriddhi Account as well as a PPF account for my girl child? and Should I choose Sukanya Samriddhi Yojana or PPF when investing for my daughter? The answer is simple.…
Read More Can you open both Sukanya Samriddhi and PPF account for Daughter?
The Budget 2021 has proposed that from April 2021, interest on any contribution above Rs 2.5 lakh per year in PF will be taxed. There is some confusion among a few people that will this rule also apply to the…
Read More Is taxable PF interest (Rs 2.5 lakh) rule applicable to PPF?
Did you know that the Top 20 HNI account holders have about Rs 825 crore in their EPF accounts. And that one of the highest contributors has more than Rs 103 crore in his EPF account followed by two HNIs…
The Budget 2021 changed the EPF interest taxation rule (details here). Now if the employee contribution to PF (via EPF and/or VPF) exceeds Rs 2.5 lakh in a year, then the interest on the additional amount (above Rs 2.5 lakh)…
Read More Should you still invest more than Rs 2.5 lakh in EPF?
This is from my regular column on MoneyControl. Interest rates of PPF and all other Small Savings Scheme were cut sharply sometime back. And many are now questioning the usefulness of PPF as an investment option. I feel that having…
Read More PPF: Still attractive Investment despite Sharp Rate Cut
Should you invest before the 5th of every month in PPF account? Should you invest Rs 1.5 lac before 5th April every year for maximum returns from your PPF account balance? The answer to these questions is Yes no doubt.…
PPF Interest Rate has been reduced to 7.1% (from 7.9%) and Sukanya Samriddhi Account Interest Rate has been reduced to 7.6% (from 8.4%) for April-June 2020. The government finally decided to bite the bullet and announced big cuts in the…
Read More Big Cuts in Small Saving Schemes (PPF, Sukanya Yojana): Apr-Jun 2020
Voluntary Provident Fund or Public Provident Fund in 2021. Difference between VPF Vs. PPF and how to choose between the two? This was a dilemma when even I joined my salaried job for the first time more than a decade…
Normally, the Public Provident Fund or PPF account matures at the end of the 15th year. At that point, you can either withdraw the full amount tax-free or extend your PPF account (with or without contribution) further for a block…
Read More PPF Withdrawal & Loan from PPF Account (Rules before 15 years: Updated 2020)
