Goods & Services Tax (or) simply GST, has come into effect from 1st July, 2017. It replaces different types of indirect taxes (like VAT, Service Tax, entertainment tax, excise duty etc.,) and henceforth, only GST will be levied on all types of Goods (Products) and Services. GST is a consumption based tax/levy. It is based on the “Destination principle.” GST […]
Archives for July 2017
Interest on Inoperative EPF accounts | Will I get interest on my Dormant EPF account?
The Employees’ Provident Fund Organization (EPFO) has around Rs.27,000 crore lying in inoperative accounts. There are chances that a small portion of this unclaimed money is yours. Many employees feel that the EPF account transfer is a cumbersome process and is a painful experience. It is often observed that we just ignore to transfer the funds to […]
Online EPF Transfer | How to transfer PF funds to another EPF account Online?
If you are a salaried individual and contributing to EPF scheme then you may be aware of EPFO’s OTCP (Online Transfer Claim Portal). PF subscribers have been using this online portal for submitting online EPF transfer requests (transfer of PF funds from previous EPF account to new EPF account). However, the EPFO has recently launched […]
Latest TDS Rates Chart for FY 2017-18 / AY 2018-19
We receive income through different ways, it can be your Salary, Dividend income from mutual funds or stocks, commission, rent, interest on your Bank Fixed Deposits / Securities etc., The providers of these incomes (like your company / bank) can deduct a certain percentage of income as TDS (Tax Deducted at source) based on certain […]
What is an Emergency Fund? | Why, Where & How much to save?
A financial plan is a road-map to achieve your life’s financial goals. These goals can be your retirement goal, Kid’s education goal, vacation planning, purchase of house etc., All of us do try to save and invest in one way or the other for these planned goals. Life is full of If’s and But’s. Not everything always goes the […]
SREI Equipment Finance NCD July 2017 Public Issue : Details & Review
The interest rates on Bank fixed deposits have been on the downward slope and the interest rates on popular small savings schemes are not very attractive either. Also, Tax Free Bond Issues are not available now. This is inducing many small investors to look out for better fixed income products which can give decent fixed rate […]
