EPFO’s New Formula for Calculating Higher Pension on Actual Salary (Circular June 2023)

The EPFO has released a circular in June 2023, which finally announces the new formula for computing pension on higher salary, instead of the existing statutory limits. That is, now we know what will EPFO use as pension calculation method…

Is 20% TCS Rule (of LRS) applicable on Credit Card Spends Abroad from 1st July 2023?

For those Indians who spend money abroad, the Budget 2023 had something in store. The government announced significant modifications in LRS rules and more importantly, that 20% TCS will be applicable on all Foreign Remittances from 1st July 2023. Let’s…

LIC Jeevan Akshay VII (No. 857) | Review + Benefits | Should you Buy (2023)?

LIC Jeevan Akshay VII (Plan 857) is an immediate annuity plan by LIC that provides annuity starting immediately to the policyholder on payment of a one-time lumpsum amount. If you want to know more about this LIC Jeevan Akshay VII…

How More Direct Plans Outperform Benchmarks than Regular Plans: SEBI Consultation Paper (2023)

Recently, SEBI came out with a consultation paper reviewing the Total Expense Ratio charged by AMCs and the need to rationalize them. You can check the detailed paper here on SEBI website. But there was one interesting insight in the…