The EPFO has been implementing quite a few digital initiatives over the last 1 year or so. As per the EPFO, all the EPF members whose KYC details have been ‘digitally verified‘ can avail the online services (like online EPF transfer / withdrawal). If you are an EPF subscriber, to submit online EPF claims, you […]
Archives for December 2017
LIC Jeevan Shiromani – New Moneyback Plan | Features, Review & Returns Calculation
LIC is proposing to launch its new MONEY-BACK plan called LIC Jeevan Shiromani (Plan no.847) on 19th December, 2017. Jeevan Shiromani is a Non linked, Money back, Limited premium payment with guaranteed additions plan. This plan is specifically designed for HNIs (High Net-worth Individuals). What are Money-back policies? – They provides life coverage during the term of the policy […]
LIC New Plans list 2017-18 : Features, Review & Snapshot of all the Plans
LIC has launched 7 new plans in 2017. In this post I have tried to list down the important features, details and my recommendations on all LIC New Plans that are launched in 2017-18. From January 2017 to December 2017, LIC has launched two Endowment plans, one Single Premium Traditional plan, one Whole-life plan, a Cancer specific Insurance […]
EPF Interest Income & Withdrawals | Tax Implications | Is EPF Interest taxable?
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. In each stage the investments/earnings can either be Taxed (T) or Exempted (E) from the taxes. Same is the case with your contributions to EPF (Employees Provident Fund) Scheme. The deductions towards EPF (Employee share) are eligible for tax deduction under section […]
How to open PPF account instantly through ICICI Bank online services?
PPF (Public Provident Fund) is one of the most popular long-term saving instruments in India. It is also a decent tax saving tool under Section 80C Of The Income Tax Act. There is tax benefit under Section 80C with maximum limit of Rs 1,50,000 per annum. The interest earned on the investment is also tax free […]
GST & its impact on Diesel and Petrol prices!
India imports a major part (around 70%) of its crude oil requirement. The import bill was around Rs 4,70,000 crore for the Financial year 2016-17. The average price of Indian basket of crude in 2015-16 was $ 46.17/barrel, the lowest since 2004-05. (1 barrel of crude = 159 liters ) Decline in crude oil prices helps the government manage its finances […]
