The calculation of pension contribution in the Employee Provident Fund (EPF) scheme is based on the salary and years of service of the employee. The EPF scheme is a social security scheme that is mandatory for all employees earning a monthly salary of up to Rs. 15,000. Both the employee and the employer contribute a […]
Public Provident Fund (PPF) is one of the long-term investment options available in India. It is a government-backed savings scheme offering a fixed interest rate and tax benefits. The PPF scheme was introduced by the Government of India in 1968 to promote savings and investment among individuals. The Ministry of Finance administers the scheme and […]
As parents, we want nothing but the best for our children, and the soaring expense of higher education is a major cause of anxiety. As a result, many parents are looking at ways to save money for their children’s education, with child education insurance plans being a common choice. A Child Education Plan aims to […]
On January 22, 2015, Prime Minister Narendra Modi unveiled the Sukanya Samriddhi Yojana program at Panipat, Haryana. The program seeks to improve the lives of girls throughout the country by ending practices such as sex assignment and discrimination based on gender, as well as by ensuring their safety and encouraging their increased engagement in society […]
A select few categories get all the attention when people talk about investing to save money on taxes under Section 80C of the Income Tax Act. Among these are the Sukanya Samriddhi Yojana, the Employee Provident Fund (EPF), the Public Provident Fund (PPF), the National Pension System (NPS), and the Equity Linked Savings Schemes (ELSS). […]
The Employee Provident Fund (EPF) is an employee fund administered by the Employee Provident Fund Organisation of India (EPFO). It requires both the employee and the employer to pay a certain sum of money at regular intervals. The part of your pay that does not go directly into your hands is something you likely already […]
When you think about retirement, many significant things come to mind. If one is willing to put in the effort, one can achieve any of these goals. Retirement planning is unique among all of life’s monetary considerations. In retirement, there is no longer any need to work to make money; you no longer have any […]
If you are having a group health plan it means that your employer pays the policy premium for you. But what happens when you decide to move to a different job? As you might know, the employee group health insurance or the employee insurance is valid only till the employee stays with the company that […]
Natural calamities, in general, are unexpected events caused by nature itself including events like earthquakes, floods, cyclones, landslides, tornadoes, hurricanes, storms, etc. which have an impact on a lot of sufferings, deaths, and damages. Unfortunately, mankind has mingled with nature in such a way that nature has started reacting in these ways including climate changes, […]