How to get a loan from the EPF account?
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…
How to update bank account number online in EPF Account?
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…
PPF Account for Minors
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…
Post Office Monthly Income Scheme (POMIS)
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…
Everything you need to know about Advance tax
Meaning of Advance Tax Payment : Advance tax is the payment made in advance to the government on the income earned during the financial year. The concept of advance tax…
10 Things to know about HRA to ensure it is not rejected
In April 2017, there were many case laws regarding rejecting the claim of HRA Exemptions claimed by the salaried individuals for the rent paid to the mother. The tribunal had…
Section 80D: Deduction for Health Insurance for FY 2019-20 and AY 2020-21
Medical costs are increasing significantly in India and health should be taken care of on priority. Health insurance or Medical insurance is you must have for yourself and your family…
How to claim HRA with rent receipts?
Living in a rented property and not bothering to take the rent receipts from your landlord? You are paying more tax than expected. Yes, payment of rent can help you…