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ET Wealth Newsletter | Tue, Mar 08, 2016 | 09:19 AM IST |
| The finance minister's move to partially tax withdrawals from the Employees Provident Fund has evoked a huge backlash and vociferous protests. Up till now EPF contributions, interest and withdrawals were tax free but Budget 2016 aims to change that. Watch this page to keep yourself updated on this issue. | |
| The government is under pressure to roll back the proposed tax on Provident Fund. Here's what you can do if it comes into effect. | | | Growth, Dividend payout & Dividend re-investment | | | The tax on the EPF is proposed only on the corpus created after April 2016. So, it will have a greater impact on young subscribers. | | | Shreya, a successful business woman, firmly believes in savings and has invested her money in Fixed Deposits and Mutual Funds. | | | The government's thrust on housing, roads and rural economy will boost the fortunes of companies operating in these areas. | | | Saving money aside, smart tax planning is an integral part of sensible financial planning. The average investor enjoys numerous tax-saving options like PFs and PPFs, life insurance plans, ELSS investments, ULIPs and more. | | | The uproar over increasing the age limit for withdrawal of PFs to 58 years is not justified. Withdrawal should only be allowed at retirement. | | | When one thinks of life insurance they must consider opting for a term plan. This is the simplest and most cost effective insurance product. | | | Raghav is looking for a tax-saving instrument that will also help him build a retirement corpus. Should he opt for NPS or ELSS? | | | The accepted view now is that the benefit one gets in retirement depends on the amount one contributes and the return earned on that contribution. | | | Keep in mind that it is not just friends or followers who are interested in what you post, but also fraudsters and hackers on the prowl. | | |
Financial Calculators | | Plan your car Car cart! Car cart suggests one that befits your budget, family size & efficiency requirements. So zoom in to meet your future car! | | | Home Loan Refinance Should you refinance your home loan? Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy. | | |
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