Category: Saving Schemes

Introduced under an indispensable agenda of savings and investments, the Central Government of India has brought different Post Office schemes backed up with the sovereign guarantee. While there are schemes that offer various deposit measures, there are some schemes which offer tax benefits to the investors. In this article you will get an insight of...

हिन्दी में पढ़ें With the aim of changing the social attitude towards the girl children in India and uplifting their standing in society, a range of girl child schemes have been initiated across India. Such schemes may be broadly classified into two categories – Central Government Schemes and State Government Schemes. Get Free Credit Report...

As per the latest developments, the Central Government is going to implement the new labour laws from 1st July 2022. Once the new labour laws come into force, there will be a significant change in employees’ office working hours, EPF contributions and the take-home salary. Employees will be able to get three week offs. However,…

Public Provident Fund or PPF is one of the most popular tax saving investment schemes in India, where contributions towards it is deducted from the taxable income. The interest gained on the deposits is also exempted from tax deductions. What are the tax benefits of PPF? Under the Section 80C of the Income Tax Act […]

Besides high returns, the safety of investments is what makes a scheme attractive to investors. In both aspects, PPF remains an effective long-term investment scheme. As it is a government-backed scheme, PPF offers safety along with appealing returns. Being a savings scheme exempt from taxes, PPF is especially suitable for self-employed professionals and small businesses which…

Employees’ Provident Fund Organisation (EPFO) manages and maintains the provident fund account of all subscribers. It has made a few changes recently and has tweaked some of its processes to make it more user-friendly and less time consuming. Earlier, EPF was one of the most complex schemes which is being modified and revamped by the…

EPF is managed by the Employees’ Provident Fund Organization (EPFO) under the Employees’ Provident Fund and Misc. Provisions Act, 1952. The EPFO, which was riddled with complex rules and procedures, has worked for simplification of the process by making its services available online. The employee can log in through the UAN Member e-Sewa Portal and…

Employees’ Provident Fund Organisation (EPFO) manages three important retirement schemes for employees – Employees’ Provident Fund (EPF), Employees’ Pension Scheme (EPS) and Employees’ Deposit-Linked Insurance Scheme (EDLI). Once a member of EPFO retires at the age of 58 years, he receives a lump sum of EPF corpus. If employed for at least 10 years, he…