Normally, a person is taxed in respect of income earned by him/her only. However, in certain special cases income of other person is clubbed (i.e. included) in the taxable income of the taxpayer and in such a case he will be liable to pay tax in respect of his income (if any) as well as […]
Fixed Income (Bank FDs,RDs,PF etc)
What is Negative Real Interest Rate? | How Can Interest Rates Be Negative?
The RBI has been reducing its benchmark repo rate for the last few quarters. The repo rate was cut by 115 basis points between March and May 2020, to support the economy in light of the coronavirus induced slowdown. As a result, banks also have had to reduce their lending and deposit rates to adjust […]
Latest Post Office Small Saving Schemes Interest rates Jul – Sep 2020 | Q2 of FY 2020-21
The Reserve Bank of India (RBI) has recently cut key policy rates to mitigate Covid-19 impact. Also, most of the banks and financial institutions have already been reducing the interest rates on their deposits schemes. So, as widely anticipated, the central Govt had announced a steep cut in the interest rates on small savings schemes […]
RBI Floating Rate Savings Bonds 2020 : Features & 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 (Primary market) are not available now. This is inducing many small investors to look out for better fixed income products which can give decent fixed rate of return. For […]
EPF Withdrawal claim can now be processed by any PF Regional office | EPFO’s New Initiative
An EPF (Employees Provident Fund) member can make ‘full or partial’ Withdrawal claim request. This can be done through two ways – by submitting a withdrawal request form (physically) or through EPF online portal. An EPF Member who have activated their UAN and seeded their KYC (Aadhaar) with EPFO can apply for below claims through […]
Latest Post Office Small Saving Schemes Interest rates Apr – Jun 2020 | Q1 of FY 2020-21
The Reserve Bank of India (RBI) has recently cut key policy rates to mitigate Covid-19 impact. RBI has slashed the Repo Rate by 75 basis points to 4.4%. It has cut the Reverse Reop Rate by 90 basis points to 4% and CRR has been reduced by 100 baiss points to 3%. In view of […]
