Employee provident fund (EPF), it is a saving scheme for private sector employees. To build this fund, employer deducts a fraction of employees salary (12% of basic salary) every month and contributes the equal amount to invest under EPF scheme. This is something which I guess every private sector employee who contributes under EPF...
PAN number is a key number for all the financial transaction related to income tax in India. The issuing authority i.e income tax department maintains a database to keep the personal details of every tax payer which are required to transact like name, address,...
Bharti Airtel has launched its fourth generation (4G) mobile services first in Kolkata and now in Bangalore with the name Airtel 4G LTE. Airtel 4G LTE is a wireless internet service which offers upto 100mbps of downloading and 40mbps for uploading speed to its...
Tax saving is an important aspect of everyone’s financial planning as it can directly impact the earning of investors. As per the income tax law 1961, individual investors can invest in tax saving instruments defined under section 80C like ELSS to avail tax deduction...
Before moving ahead taking about “how to avoid TDS on FD interest”? lets have a look how this investment works. Whenever we think about investing our money safely, the very first investment option that comes to our mind is fixed deposit (FD). Fixed deposit...
Earlier we explained “What are Non Convertible Debentures (NCD)?”. Understanding the basics of NCD is important for investors who wants to invest into it. As we discussed, NCDs are like bank fixed deposits where investors invest there money and get a fixed rate of...
EPF Interest Rate 2012-13 : The interest rate on Employee Provident Fund (EPF) scheme will be increased to 8.6% for the current financial year i.e for 2012-13. This change in interest rate in EPF from 8.25% to 8.6% will benefit around 5 to 6 crore...
