The Finance Minister Nirmala Sitharaman has extended the due date of filing the Income-tax returns has from July 31 to November 30. Therefore, the taxpayers got four months’ additional time to file returns for 2019-20. Now, the Central Board of Direct Taxes (CBDT) has notified the new Income tax return forms for the financial year […]
What is a joint account? Joint account is a bank account in which two or more persons are account holders to operate the bank accounts. Why do you need a joint account? A single operating account is more comfortable and independent to operate. However, sometimes in the absence of yours, there is a need for […]
Employee Provident Fund (EPF) is one of the favorite saving schemes among the employees due to the tax benefits and lower risk. It is usually used for wealth creation and corpus building for retirement. The current interest rate is 7.1% p.a. (for the quarter 1 April 2020 to 30 June 2020), that is compounded annually. […]
To withdraw funds from the Employee’s Provident Fund (EPF), it is important that you must have submitted the correct bank account details in your PF Account. It ensures the timely withdrawal of funds. To make the process simple, the EPFO portal gives much flexibility to its members to update their bank details or other information […]
Public Provident Fund (PPF) is a popular saving scheme that is long term investment that offers income tax benefit under section 80C of the Income Tax Act, 1961. Any resident individual can open the PPF account. You can also open a PPF account for your children. Opening PPF account is a small investment for your […]
An earning individual looks for the investment opportunities that are safe and secure with some fixed, regular income, and Post Office Monthly Income Scheme is such a type of saving scheme in which you can invest and earn a fixed interest income every month. Post Office Monthly Income Scheme is suitable for those investors who […]