The government is mulling a bouquet of schemes to deliver pension, provident fund and health insurance benefits for all workers in the country.
For most salaried individuals, the Employees' Provident Fund (EPF) forms the backbone of their savings needs. Now the scheme is undergoing sweeping changes.
PPF contributions are locked in for a period of 15 years. NPS, however, has a longer lock-in and the corpus stays locked-in till the age of 60 years.
Whenever it comes to saving for retirement, Public Provident Fund (PPF) and Provident Fund (PF) are the first two things which come to the mind of a salaried person. However, the National Pension Scheme (NPS) has been gaining a lot of…
The Public Provident Fund (PPF) is one of the most popular investment avenues among Indian savers mainly because of the high degree of safety and its exempt-exempt-exempt tax status.
A PPF account can be closed only on the expiry of 15 years from the end of the year in which the initial subscription was made into the account.
Non-Resident Indians can maintain PPF Account - Public Provident Fund (PPF) accounts held by Non Resident - Finance Ministry OM dated 23.02.2018
Additional Interest Rate spreads which the Government allows on Small Savings Schemes like PPF, Senior Citizen Savings Scheme, Sukanya Samridhi Scheme and NSC etc. are being continued
Based on Budget Speech in parliament the change in taxation with regard to EPF was interpreted to the effect that 60% of Employee subscription in EPF and PPF would be subjected to income tax
PPF Subscription Limit increased to Rs. 1.5 lakh - Department of Posts issues orders citing Finance Ministry's Order Consequent on increase in savings limit under Section 80 C of Income Tax Act for getting rebate / exemption on Income Tax…