Indian Finance Minister, Shri Arun Jaitley has tabled today, the Union General Budget 2016-17 in the Parliament. No changes have been made to the existing Income Tax slabs & rates. Below are the Income Tax Slab Rates for FY 2016-17 or AY 2017 -18. (FY is Financial Year. AY is Assessment Year) Latest Income Tax Slab Rates for FY […]
Archives for February 2016
Latest EPF Withdrawal Rules w.e.f 10th Feb 2016
The Ministry of Labour and Employment, Government of India, has recently made a few amendments in the Employees’ Provident Fund Scheme, 1952 (PF Scheme). These guidelines are mainly related to ‘early withdrawals‘ from Provident Fund & provisions related to PF withdrawals. These latest EPF withdrawal rules are effective from 10th February, 2016. Amendments are related to; Full EPF […]
Tax Treatment of various Financial Investments
As an investor you now have a plethora of investment options available, ranging from mutual funds, equities to fixed income securities like bank fixed deposits, bonds etc., Each and every investment you make has to go through three different stages i.e., i) Investment / Contribution stage, ii) Income Earning Stage & iii)Withdrawal or redemption stage. Generally […]
Checklist of Documents for Buying a Used Car (Second-Hand/Pre-owned Car)
India represents one of the world’s largest car markets. Easy availability of finance and rising income levels are encouraging the middle class population to upgrade their two wheelers to a car. The demand for used cars (Pre-owned cars) is also on the rise in India. The used cars market has been growing at an estimated […]
Post Office Small Saving Schemes Interest rates FY 2016 to 2017- New Rules & guidelines
The National Savings Schemes (NSSs) are one of the very popular saving schemes in India. These are regulated by the Ministry of Finance. They offer complete security of investment combined with attractive returns. These schemes also act as instruments of financial inclusion especially in the geographically inaccessible areas due to their implementation primarily through the Post […]
How to claim on your motor vehicle insurance policy?
A motor vehicle insurance policy is a mandatory policy issued by a general insurance company as part of prevention of public liability (Third party liability). The law mandates that every owner of a motor vehicle must have one automobile insurance policy. The Govt of India introduced the Motor Vehicle Act was back in 1988. The main […]
